Given p ∈ (1,2), the wellposedness of backward stochastic differential equations with jumps (BSDEJs) in Lp sense gives rise to a general (conditional) nonlinear expectation with Lp domain that is consistent with the filtration generated by a Brownian motion and a Poisson random measure (jump...

Using Chinese data and textual analysis approach, this paper studies the effect of CEO’s personal experience, including MBA education and finance background, on managerial myopia. Empirical results show that, the MBA program can broaden the horizon of CEO and reduce managerial myopia, while...

This paper theoretically studies and empirically estimates (1) how spousal labor supply affects bargaining between the husband and wife over their private consumption, and (2) the impact of this intrahousehold bargaining on their reservation wage and unemployment duration. We consider a model of...