Based on intensive interviews and in-depth investigations in the Pearl River Delta, this Article explores the extent to which Chinese courts of the region are effective and efficient in enforcing commercial judgments, a matter critically important to the functioning of the judicial system and...

Since the reform era began in China in 1978, there have been significant changes in the nature and incidence of disputes, conflicts and social disturbances, and the mechanisms for addressing them. As with economic and governance reforms, the government has adopted a pragmatic, problem-solving...

Legal commensuration is a complex mechanism of valuation. Its complexity has much to do with the relational nature of the monetary exchange involved between parties in the litigational context. This article offers a framework to understand its process and outcome by focusing on the institutional...

This paper identifies a critical issue in the Weighted Repeated Sales (WRS) method – the omission of market risk in the weight estimation model specified by Case and Shiller (1989). It demonstrates that the omission of market risk is conceptually unjustified. Through extensive examination of...