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A hedonic analysis of principal-agent employment contracts is developed in which workers and employers exchange labor services and contractual payment patterns and is applied to contract data from a household-level survey in rural China in 1935. The results indicate that credit market...
Persistent link: https://www.econbiz.de/10014102793
Magna Carta, a pivotal moment in the emergence of constitutional government, institutionalised constraints on royal power. We depict it as an optimal agreement between two coalitions capable of violence: the king's loyal coalition of barons and the rebel barons. This type of agreement is more...
Persistent link: https://www.econbiz.de/10014353308
Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers’ aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations...
Persistent link: https://www.econbiz.de/10011771180
The paper investigates the intergenerational transmission of divorce in China with the data from The China Health and Retirement Longitudinal Study (CHARLS). The empirical results show that parental divorce increases the odd ratio of children's divorce significantly by 104.12% in complementary...
Persistent link: https://www.econbiz.de/10012845430
, which is more stable than Boston, efficiency comparisons vary across environments. …
Persistent link: https://www.econbiz.de/10009751582
This paper proposes the new hypothesis that the loss of innovative efficiency is greater than the loss of productive … efficiency in Chinese state-owned enterprises (SOEs). SOE reform in China has been able to achieve substantial improvements in … SOE productive efficiency by using supervision and incentive mechanisms to establish adequate symmetry between residual …
Persistent link: https://www.econbiz.de/10013011452
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Persistent link: https://www.econbiz.de/10010246290
We make four contributions in this paper. First, we provide a core of macroeconomic time series usable for systematic research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend and cycle. Third, we build a theoretical model...
Persistent link: https://www.econbiz.de/10011280026
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