Using recent survey data of Chinese rural households, we estimate the impact of credit constraints on Chinese rural households' income and consumption. Results reveal that 71% of rural households are rationed in the credit markets. The credit constraints have significant negative effects on the...

Many environmental problems are caused by changes in aspects of the hydrological cycle. Water balance modelling combined with field experiments can give us a better understanding of the components of the hydrological cycle from which to develop appropriate management options. Water balance...

In this paper, we investigate the design of optimal unemployment insurance in an environment with moral hazard and cyclical fluctuations. The optimal unemployment insurance contract balances the insurance motive to provide consumption for the unemployed with the provision of incentives to search...

We present a general equilibrium-mechanism design model with two-sided limited commitment that accounts for the observed heterogeneity in firms’ investment, payout and CEO-compensation policies. In the model, shareholders cannot commit to holding negative net present value projects, and...

A balcony wall type solar water heater system was designed and constructed in a high-rise building. The U-type evacuated glass tube solar collector is fixed vertically on the balcony wall. The water, heated in the solar collector, flows through the exchanger coil in the water tank and then flows...

We examined the impact of credit rationing on the net income and consumption of Chinese rural households by studying survey panel data from 1000 Chinese rural households from 2003 to 2009. Our results revealed that 61.5% of Chinese rural households were rationed in the credit market; 52.0% were...

A one-dimensional dynamic model of polydisperse granular mixture with a power-law size distribution is presented, in which the particles are subject to inelastic mutual collisions and driven by Gaussian white noise. The particle size distribution of the mixture has the fractal characteristic,...

The North China Plain, including plains of the Yellow (Huaig He) River, Huai He River and Hai He River, has a very important political, economic and cultural position in China. Its population is 35%, its GDP 32% and its irrigated area 42% of the figures for the whole of China. The region is now...