This book comprises contributions on recent developments in China from a law and economics perspective. For the first time Chinese and European scholars jointly discuss some important attributes of China’s legal and economic system, and some recent problems, from this particular viewpoint.

The world bulk shipping market has been in a peak period since 2003, and this has lasted an incredibly long time considering that the markets are much more complex than before. This paper investigates the characteristics of volatility in dry bulk freight rates of different vessel sizes...

By using Bismut’s approach to the Malliavin calculus with jumps, we establish a derivative formula of Bismut–Elworthy–Li’s type for SDEs driven by multiplicative Lévy noises, whose Lévy measure satisfies some order conditions. In particular, α-stable-like noises are allowed. Moreover,...

In this article, drawing from a relational perspective, we explore the relationship between moral leadership and employee creativity, treat employee identification with leader and leader–member exchange (LMX) as two mediators, and develop a new theoretical model of employee creativity. Our...

Giving an overview of NDRC's antitrust practice, including enforcement actions, normative effects, and international cooperation. Zhou Zhigao & Wan Jiang (National Development and Reform Commission, P.R.C.)

Many studies show that country effects dominate in determining the stock return cross-sectional variations. After removing three potential distortions (domestic inflation rate, exchange rate and local risk-free interest rate), we find that the common practice of decomposing the nominal return...

China's electricity generation is mainly dependent on fossil fuel. Promoting electricity conservation in different sectors and regions plays a vital role in reducing China's energy-related CO2 emissions and other pollutants. This paper contributes to identify the sectors and economic regions...

This paper proposes a dynamic programming model to explore the optimal stockpiling path for China's strategic petroleum reserve before 2020. The optimal oil acquisition sizes in 2008–2020 under different scenarios are estimated. The effects of oil price, risks and elasticity value on inventory...

China is currently accelerating construction of its strategic petroleum reserves. How should China fill the SPR in a cost-effective manner in the short-run? How might this affect world oil prices? Using a dynamic programming model to answer these questions, the objective of this paper is to...