According to the author, it is very important for a transitional economy to develop rules of the game that ensure fair competition. It is his thesis that enforcement of fair competition is a remedy to some market failures. After reviewing regulatory instruments that enforce fair competition in...

A mini writing project on economics concepts is developed for undergraduate introductory economics courses. The design of the mini-paper format ensures all students receive the same level of workload regardless the variety of assigned topics. The match of each mini-paper topic to its relevant...

It is widely believed that a firm’s social network may affect its market value. Yet there is few empirical evidence supporting this assumption. This paper attempts to address this issue by using the data of Chinese listed firms together with the relevant social network information. The study...