This research develops a multilevel and multifaceted perspective on art consumption behavior by separating consumption modes from the consumption products (artworks), by comparing possession (collection) with access (exhibit visits), and by distinguishing desire from value. The findings...

This paper measures the evolution of total factor productivity (TFP) and its components in Chinese provinces for the period of 1992-99. It shows that during this period, TFP, efficiency and technology have progressed on average 3.9%, 1.6% and 2.3% annually, respectively. Then it evaluates the...

This paper studies the probability of ruin within a finite time for a discrete-time model, in which the insurance risk is assumed to be heavy tailed. A precise asymptotic estimate for the finite-time ruin probability is established as the initial capital increases, extending the corresponding...

This paper analyses the determinants of wage differentials among different ownership enterprises in urban China in 1955,using an extended version of Oaxaca-Blinder decomposition methods. We find higher wages in state-owned and foreign-invested enterprises compared to urban collectives, but no...

Trade has been shown by many authors to have strong positive impact on productivity. However, we also see some others being more reserved about such an impact. This study intends to investigate whether trade is enough for better economic performance, or rather, whether the impact of trade...

Let {Xk,k=1,2,...} be a sequence of negatively dependent random variables with common distribution F and finite expectation [mu]. Under the assumption that the tail probability is consistently varying as x tends to infinity, this paper investigates precise large deviations for the random sum ,...

One of the most salient demographic trends in the U.S. landscape in recent decades has been the pronounced increase in age at first marriage. This paper examines the implications of women's delayed entry to marriage for marital stability using data from the 2006-2008 National Survey of Family...

China has witnessed the largest migration wave in human history, following the initiation of economic reforms in 1978. Around 150 million peasants have moved to cities for job opportunities and better lives. This article reviews studies on rural migrants in Chinese cities, to provide an...