This paper constructs a mathematical model to study China’s urban real estate markets, in which there are different types of demands from house buyers, and housing suppliers adopt the strategy of quality differentiation second-degree price discrimination. Our theoretical result shows that, in...

Rural homestead development rights (RHDR) reform is a pivotal tool to promote rural revitalization in China. Thus, identifying the impact of RHDR reform on rural revitalization is crucial for the successful implementation of rural homestead system reform in China. We propose a unified...

In the paper, an analytical framework with both increasing returns and transaction costs is developed to investigate the general equilibrium with endogenous specialization and division of labor. In this framework, each individual's optimum decision in choosing her pattern of specialization is...