This paper demonstrates a novel mechanism through which emissions cap-and-trade mitigates production-side distortion vis-à-vis an emissions cap policy under a heterogeneousfirm framework with imperfect competition. When clean and dirty inputs are gross substitutes, we find that a pro rata...

Purpose – This paper has three purposes. First, it aims to explore important factors in the Chinese employment market. Second, it aims to find whether recruiters and applicants understand each other's expectations. Third, it aims to find whether applicants with different Hukou (locals vs...