The recent literature argues that offering consumer returns, such as money-back guarantees (MBGs), reduces quality differentiation in competitive markets. We show that this argument does not hold in general. We propose a new certainty-equivalent approach, which shows that offering product...

The Hospital Readmissions Reduction Program (HRRP) reduces Medicare payments to hospitals with higher-than-expected readmission rates where the expected readmission rate for each hospital is determined based on the readmission levels at other hospitals. Although similar...

As the earth's third pole, Qinghai-Tibet Plateau belongs to one of the most sensitive regions to climate change in the world. Based on the observed and the simulated daily precipitation from the Coupled Model Intercomparison Project Phase 5 (CMIP5), we evaluated the simulation performance of...