With the continuous upgrading of industrial technology and information technology, consumers can deeply participate in the whole life cycle of products and realize customized production. These unprecedented changes have brought consumers and manufacturers closer together, resulting in the...

We introduce a dynamic model that investigates the persistence and evolution of elite-dominated societies, where inherited political capital determines one’s social standing. Our analysis highlights the critical role of the distribution of exit options in the evolution of political...

The Elite Quality Index for 2023 (EQx2023) measures 'The Sustainable Value Creation of Nations' and is the fourth annual publication of the internationally comparative ranking of countries. The index aim is to provide a unique dataset for academic research, original insight on the human and...

The goal of this study is to use a large language model, such as GPT-3, to generate responses from hard-to-reach elite members to multiple-choice questions. The most relevant or data-consistent responses can then be used to infer potential responses from selected elite members and apply them in...

Key date assessments are common in the contexts of firms’ hiring decisions, the educational system, and professional sports. In talent selection, it is very likely that there is a difference between current and potential performance levels. This paper analyses the Relative Age Effect (RAE) in...

This working paper examines the evolving, complex and multifaceted relationship between the real estate industry and the education sector in China. The current crises in the private education and real estate sectors caused by policy shifts reflect the inter-meshing of the two sectors. The...

We examine the effects of an affirmative action policy at an elite Brazilian university that reserved 45 percent of admission slots for Black and low-income students. We find that marginally-admitted students who enrolled through the affirmative action tracks experienced a 14 percent increase in...

Using detailed tournament data from four sources on 76 distinct managers coaching 34 teams in 1,580 matches covering ten seasons of the Italian male soccer premier league (“Serie A”), we provide field evidence on the impact of managerial decisions on team performance. We document that...