This paper analyzes the current status of the engineering supervision process in construction and infrastructure projects in China. It discusses the existing problems, such as low efficiency of supervision, distorted monitoring data, resource waste, and environmental damage. Based on extensive...

This paper theoretically studies the interaction between an informed borrower and an uninformed lender facing possible default of a loan application. The lender is motivated to invest cognitive resources before making a lending decision. If the regulatory fine is weak, it is impossible for a...