Decentralized insurance can be used to describe risk sharing mechanisms under which participants trade risks among each other as opposed to passing risks mostly to an insurer in traditional centralized insurance. There are a wide range of decentralized practices in all kinds of forms developed...

Through which channels, physical or cognitive, can air pollution influence worker performance? This question has not been answered in the literature. Using a unique dataset on the performance of soccer players in China, we investigate the effect of air pollution on different performance...

The Chinese government set specific provincial emission reduction targets for sulfur dioxide (SO2) and chemical oxygen demand (COD) in the eleventh Five-Year Plan. However, due to the limitations of firm-level data, there is a research gap on the impact of this policy on the marginal abatement...

Policymakers and researchers continuously debate the optimal structure and scope ofthe U.S. Housing Voucher Program. The current program features an inverse relationbetween subsidies and recipients’ income, a high degree of rationing, and a limitedscope of voucher usage. This paper studies the...