At the end of 1998, China launched a government-run mandatory insurance program, the Urban Employee Basic Medical Insurance (UEBMI), to replace the previous medical insurance system. Using the UEBMI reform in China as a natural experiment, this study identify variations in patient cost sharing...

We use China's large-scale reform of state-owned enterprises (SOEs) in the late 1990s as a natural experiment to identify and quantify the importance of precautionary saving for wealth accumulation. Before the reform, SOE workers enjoyed the same job security as government employees. Since the...

The impact of hydraulic engineering works and human activities on hydrology has become a hot issue along with the economy and social development. The water cycle model of the upper reaches of the Yangtze River (URYR) is established based on the improved Soil and Water Assessment Tool (SWAT)...

Hydrological changes of the Irtysh River were analyzed concerning the changes of annual runoff and its distribution features within a year measured by coefficient of variation and concentration degree. Abrupt changes were detected by the heuristic segmentation method. Possible causes of the...

We use China’s large-scale reform of state-owned enterprises (SOE) in the late 1990s as a natural experiment to identify and quantify the importance of precautionary savings for wealth accumulation. Before the reform, SOE workers enjoyed the same job security as government employees. After the...

Digital soil mapping is critical when quantifying the relationship between soil types and their associated bio-physical environments. Digital mapping of regional soils affected by salt is essential when monitoring the dynamics of soil salts and planning land development and reclamatation...

A positive correlation between insurance coverage and ex post risk can be an indicator for private information in insurance markets. However, this test fails if agents have heterogeneous risk attitudes. We propose a new test that conditions on unobserved types of individuals who differ in their...

Identifying and quantifying the links between water resources and food production is crucial in addressing the intensified conflicts between water scarcity and food security. We proposed an integrated framework for quantifying relationships between food and water based on the concept of green...

We assessed the basin-scale crop water productivity (CWP) on staple grain crops, i.e. rice, wheat, maize, soybean, at major breadbasket basins of China over time periods of 1997-2004. The multiple-year average CWP was 1.06kgm-3 for the selected basins (equivalents of 946m3 water consumption in...

The well-documented volatility smile phenomenon in the US options market has affected the option settlement practices of other markets. To settle Hang Seng Index (HSI) options, the Hong Kong Stock Exchange artificially builds in a piecewise linear "smile" or "sneer" volatility function, which is...