This paper explores the relationship between city size and the pattern of unemployment rate fluctuations. We present a model of the local labor market in which in a thicker market, when more workers are looking for jobs and more job openings are available, the matching probability between jobs...

We find a limited parallel between lump-sum taxes and environmental taxes. Corollary 2, which extends Sandmo's observation, shows that appropriated corrective revenues have the same non-distortionary effects as lump-sum taxes, the result reducing to the original observation when the appropriated...

This paper surveys the literature on regional inequality in contemporary China. It reviews the trend of convergence or divergence of real GDP or income across different regions in China since 1952, and examines the degree of regional inequality using different measurements. It then discusses...

This paper studies regional disparities of educational attainment in China. It explores the causes of the regional inequality of the educational investment measured by the enrolment rate at various school levels. It finds that the return to education, the governmental support and the financial...

The paper proposes a new necessary and sufficient global optimality condition for canonical DC optimization problems. We analyze the rationale behind Tuy’s standard global optimality condition for canonical DC problems, which relies on the so-called regularity condition and thus can not deal...

This paper provides a search model for housing market where the number of buyers and/or sellers plays very important role. The model makes three testable predictions: (1) the unemployment rate has a negative impact on the trading volume and the sale prices of the housing market; (2) a larger...