This paper analyzes the determinants of housing environmental preference by consumers in Guangzhou, China. Preferences of different housing environments have been well researched by scholars in architecture, urban planning, and urban environmental science. However, few studies shed light on...

This paper examines how different sources of CEO power affect the incorporation of performance feedback in target adjustments. We theorize that both CEOs' structural and prestige power can bias the target updating process if they use their power to extract rent by bargaining for lower targets....

Managers in international joint ventures work with resources contributed by investors from multiple nationalities. Fan Wu shows through a series of experimental studies among students and managers from China, South Korea, Germany, and the USA that cultural affinity between the manager and one of...

We study the dominant separating equilibrium that maximizes the sender's payoff in quadratic signaling games. We relax the common and restrictive belief monotonicity assumption. We introduce a game characteristic called discriminant and show that there exists a linear incentive compatible...

We study the profit-maximizing mechanism in bilateral trade with interdependent valuations. The seller privately observes the item's quality, while the buyer privately knows his type of valuation. The seller's valuation only depends on the quality, and the buyer's valuation depends on both the...