We investigate monetary policy effects on corporate investment adjustment, using a sample of China's A-share listed firms (2005-2012), under an asymmetic framework and from a monetary policy transmission channel perspective. We find that corporate investment adjustment is faster in expansionary...

This paper explores the optimal design of biased contests. A designer imposes an identity-dependent treatment on contestants, which varies the balance of the playing field. A generalized lottery contest typically yields no closed-form equilibrium solutions, which nullifies the usual implicit...