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...

We develop a method to measure the fairness of school matching mechanisms and apply it to the Boston mechanism used in the Chinese college admissions system. Fairness is measured by mismatch, or the gap between the actual and fair matching outcomes. An individual's mismatch is then related to...

We compare competing college admission matching mechanisms that differ in preference submission timing (pre-exam, post-exam but pre-score, or post-score) and in matching procedure (Boston (BOS) and serial dictatorship (SD) matching). Pre-exam submission asks students to submit college...

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...

We characterize a parametric family of application-rejection school choice mechanisms, including the Boston and Deferred Acceptance mechanisms as special cases, and spanning the parallel mechanisms for Chinese college admissions, the largest centralized matching in the world. Moving from one...

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...

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...

We report results from a replication of Solnick (2001), which finds using an ultimatum game that, in relation to males, more is demanded from female proposers and less is offered to female responders. We conduct Solnick's (2001) game using participants from a large US university and a large...

Each year, millions of high school graduates in China take a standardized test and compete for college seats. Unlike other countries, college admissions in China have a distinct feature: both test scores and colleges’ preferences coexist in the market. To alleviate the misalignment problem...

The objective of this work was to explore energy transition trajectories in China and Latin America, indicating their synergies and potential. Starting from a description of the Energy Transition Index (ETI) and an explanation of its methodology, we sought to map the global energy transition,...