Social and cultural factors will affect people’s economic decision-making. This paper discusses the impact of cultural factors on insurance demand, enriching the relevant research in this field. As a special financial product, insurance demand research has important theoretical and practical...

How do environmental conditions influence the purchase of critical illness insurance, and why? The mechanism for any potential relationship between them has substantial welfare and policy implications. Prior literature has found a positive relationship between supplementary health insurance and...

We introduce uncertainty into Holmstrom and Milgrom (1987) to study optimal long-term contracting with learning. In a dynamic relationship, the agent's shirking not only reduces current performance but also increases the agent's information rent due to the persistent belief manipulation effect....

Interfirm alliances require effective mechanisms that facilitate the integration of pertinent knowledge between independent firms. This paper examines whether a firm’s information environment helps improve collaborative outcomes. Using a large panel of firms engaging in global research and...