This study presents a general framework for quantifying network advantage—i.e., the greater expected gains from a given network position over another—on the basis of a discrete choice model with connection intensity. Network advantage originates from the uncertainty of realizing gains from...

This article investigates the heterogeneous effects of urban transport infrastructure on population distribution within a city. I focus on the case of Xiamen—a coastal city in China—where two bridges and a tunnel have been built to promote population growth on the city's periphery. I first...

This paper examines spatial allocation and urban wage premiums of skills in China by leveraging a comprehensive dataset that includes several waves of population censuses and nationally representative surveys. Our finding indicates an increasing concentration of occupations requiring high levels...

This paper examines spatial allocation and urban wage premiums of skills in China by leveraging a comprehensive dataset that includes several waves of population censuses and nationally representative surveys. We document an increasing concentration of occupations requiring high levels of...

Using newly available data, we document that internal migrants do not enjoy the same access to local public goods and services as city residents in China. We estimate a spatial overlapping generations model with heterogeneous households to quantify the impact of the Hukou system on urban fiscal...

Using newly available data, we document that internal migrants do not enjoy the same access to local public goods and services as city residents in China. We estimate a spatial overlapping generations model with heterogeneous households to quantify the impact of the Hukou system on urban fiscal...

We revisit the effect of traders' experience on price bubbles by introducing either one-third or two-thirds steady inflow of new traders in the repeated experimental asset markets. We find that bubbles are not significantly abated by the third repetition of the market with the inflow of new...

We revisit the effect of traders' experience on price bubbles by introducing either one-third or two-thirds steady inflow of new traders in the repeated experimental asset markets. We find that bubbles are not significantly abated by the third repetition of the market with the inflow of new...