This paper examines the rise and fall of the Administrative Bureau of Prohibited Drugs in 1920s Shanghai. It identifies the factors associated with the endeavours of the central government to experiment with establishing a Bureau dedicated to regulating refined drugs and the reasons why the...

The total amount of pollutants based on the allocation and trading of emission rights is a hot issue in the field of water environment management, while the traditional allocation of pollutant discharge right does not take the constraints of water environment carrying capacity into account....

Do firms in China share rents with their workers? We address this question by examining firm-level panel data covering virtually all manufacturing firms over the period 2000-2007, representing an average of 200,000 firms and 54 million workers per year. We find robust evidence of rent sharing...