1. Introduction : the reform and opening-up of a large, developing country -- 2. Political and social foundations of economic development -- 3. Urban and rural economic development during the process of urbanization and industrialization -- 4. Industrial agglomeration in the process of...

In the chapter titled "Imbalance-Based Option Pricing", I develop an equilibrium model of fragmented options markets in which option prices and bid-ask spreads are determined by the nonlinear risk imbalance between dealers and customers. In my model, dealers optimally exploit their market power...