Why would a politically centralized state embark on the path of economic decentralization? This Element delves into the political origin of the puzzling economic decentralization in mainland China. The authors contend that the intra-elite conflicts between the authoritarian ruler and the ruling...

This is the internet appendix for "How Aggressive are High-Frequency Traders". The paper "How Aggressive are High-Frequency Traders" to which these Appendices apply is available at the following URL: "http://ssrn.com/abstract=2326446" http://ssrn.com/abstract=2326446