Recent evidence has shown that entrants into self-employment are disproportionately drawn from the tails of the earnings and ability distributions. This observation is explained by a multitask model of occupational choice in which frictions in the labor market induce mismatches between firms and...

Human societies are complex thermodynamic systems. It is natural to ask to what extent results obtained from simple thermodynamic systems can be extended to provide insights into more complex thermodynamic systems. We apply some simple results from thermodynamics to examine relations among...

Inconsistent estimates of forest biomass carbon stocks (BCS) in China have been reported in recent decades using inventory data. This study was to update China’s forest biomass carbon sink based on seven forest inventories from 1973 to 2008 and to identify the relative contributions to such...

In this paper, we address the simultaneous determination of price and inventory replenishment when customers return product to the firm. We examine cases when the quantity of returned product is a function of both the quantity sold and the price, in single and multi-period problems, with and...

We present the implications of a simple analytical theory in which economic crisis emerges from rising real resource costs in systems with high fixed costs relative to variable costs. We show the integral role played by financial fraud in this process, and explain the effects of austerity and...

In this paper, we test two models of executive pay that have not received much attention in research on Chinese listed companies: managerial power theory and tournament theory. We find that structural power (executive share ownership) and prestige power (executive education) are significantly...

Shimoji and Watson (1998) prove that a strategy of an extensive game is rationalizable in the sense of Pearce if and only if it survives the maximal elimination of conditionally dominated strategies. Briefly, this process iteratively eliminates conditionally dominated strategies according to a...

The status quo of Chinese agro-products logistics is analyzed from the following five aspects: the circulation mode, exchange mode, storage and transportation situation, food security. The following problems in Chinese agro-products logistics are pointed out, including excessive circulation...