Experimentation is the main engine of innovation. It often involves separation of tasks and information asymmetry. We model a repeated setting where a principal chooses a project in each period. While evaluating to implement the project, an agent privately learns the project state and...

Amid growing pressures to comply with ESG standards, firms increasingly disclose their ESG targets. However, given the difficulty in verifiability, it is unclear whether this public commitment to ESG goals signals firms’ sincere intention to improve ESG practice or is only cheap talk. In this...

The transitional economy in China has its own unique growth mode. Typical characteristics are sustainable high savings and high investment rates. This article explains the foundation of such a growth mode from the perspective of labor transfer. We believe that the continuous transfer of surplus...

This paper presents a framework to analyze the controllability of opinion dynamics in social networks using DeGroot model (DeGroot, 1974). We show how the opinion, or attitude about some common questions of interest in a population can be controlled by a committed node who consistently...

Choice of iron sources is crucial to the improved electrochemical performances of LiMnPO 4 with poor electronic and ionic conductivity. Here, LiMn 0.8 Fe 0.2 PO 4 /C composites were synthesized through a rheological phase-assisted solid-state method using MnO and LiH 2 PO 4 as raw materials....

Purpose – To help investors find an investment policy with strong competitiveness, the purpose of this paper is to construct a multi-period investment decision model with practicality and superior performance. Design/methodology/approach – The paper uses a suitable multi-period risk measure...