Rural consumers may face not only the challenge of affordability but also the problem of limited accessibility. Can a government's subsidy program effectively address these issues? This paper examines the impact of a large-scale subsidy program, “Household Electrical Appliances Going to the...

Weaker retention of women in quantitatively oriented fields, particularly STEM* is widely seen in US higher education. This persistence gap is often explained by less generous grading in these fields and the conjectured tendency of female students to generally exhibit stronger "sensitivity" to...

We show that the identification results of finite mixture and misclassification models are equivalent in a widely-used scenario except an extra ordering assumption. In the misclassification model, an ordering condition is imposed to pin down the precise values of the latent variable, which are...

This paper studies dynamic discrete choices by relaxing the assumption of rational expectations. That is, agents' subjective expectations about the state transition are unknown and allowed to differ from their objectively estimable counterparts. We show that agents' subjective expectations and...