This monograph offers a detailed analysis of the creation, pilot implementation, and possible wide adoption of the real property tax at the local level in China. Starting in 2003, as China’s economy gradually recovered from the Asian financial crisis that started in 1998, the real property...

Most observed institutional arrangements, observed in governments, firms, and other organizations, acknowledge the effectiveness of imposing sanctioning institutions and monitoring policies to achieve particular goals. Nevertheless, less attention has been paid to the influences of the...

From the seminal work of Fehr and Gächter (2002), a consensus rises about the effectiveness of sanctioning institutions in promoting collective action. Most observed institutional arrangements, widespread in governments, firms and other organizations, acknowledge this feature and impose...