We develop a general equilibrium structural model with heterogeneous workers and nonhomothetic preferences to quantify the unequal individual-level gains from trade liberalization. The results show that in developed countries, the distribution of gain from trade is relatively balanced. However,...

In most countries, Parliamentary immunity protects lawmakers from civil or criminal charges while in office, and it shields them from prosecution for their political speech or political actions. This paper presents the first empirical analysis in the literature of the impact of Parliamentary...

Price limit is a prevalent policy that intends to control significant volatility in financial markets. In the financial markets with price limit, the trades will be prevented from occurring outside the specified price bands. This paper analyses and compares the effectiveness of three price limit...

Multichannel retailing is the set of activities involved in selling merchandise or services to consumers through more than one channel. Multichannel retailers dominate today’s retail landscape. While there are many benefits of operating multiple channels, these retailers also face many...

When retailers make product assortment changes by eliminating certain stockkeeping units (SKUs), how does this affect sales of individual brands? This is the main question the authors address in this article. Using data from an online retailer that implemented a permanent systemwide SKU...

The authors examine incumbent retailers' reactions to a Wal-Mart entry and the impact of these reactions on the retailers' sales. They compile a unique dataset which represents a natural experiment consisting of incumbent supermarket, drug, and mass stores in the vicinity of seven Wal-Mart...

Hollow anammox granules have been concerned in the field of anammox granular sludge technology. So far, little information is available about the effect of shear stress on hollow anammox granules. The evolution of hollow granular sludge at three shear stresses (τ = 0.014, 0.041, and 0.075 Pa)...