Comprehensive analysis of urban and rural labour market reform in China. Documents and analyses institutional changes over the last twenty years and offers evidence that further labour market reform is necessary if China is to sustain its high growth rates. The latest volume in the successful...

In the past 15 years around 160 million Chinese rural workers migrated to cities to work. Because of restrictions on migrant access to local health and education system a large cohort of migrant children are left-behind in rural villages and growing up without parental care. This paper examines...

We characterize the optimal bidding strategies of local and global bidders for two heterogenous licenses in a multi-unit simultaneous ascending auction. The global bidder wants to win both licenses to enjoy synergies; therefore, she bids more than her stand-alone valuation of a license. This...

We analyze the optimal reserve price in a second price auction when there are N types of bidders whose valuations are drawn from different distribution functions. The seller cannot determine the specific type of each bidder. First, we show that the number of bidders affects the reserve price....

In the laboratory experiment reported in this paper we explore how evolving institutions and social norms, which we label 'culture', change individuals' preferences and behaviour in mainland China. From 1949 China experienced dramatic changes in its socio-economic institutions. These began with...

Between 1966 and 1976, China experienced a Cultural Revolution (CR). During this period, the education of around 17 birth cohorts was interrupted by between 1 and 8 years. In this paper we examine whether, and by how much, this large-scale schooling interruption affected their children's...