Mobile service providers often motivate sales agents to attract more potential customers by sharing part of service revenue with agents. Motivated by the practice in the mobile service industry, we build a theoretical model considering a mobile service chain with a service provider selling...

The profound influence of the 2008 financial crisis has renewed interests in the financial instability hypothesis of Minsky, which attributes financial crisis to credit-intensive booms. This paper investigates the relationship between credit growth and the probability of a banking crisis based...

Urban grime represents an important environmental surface for heterogeneous reactions in urban environment. Here, we assess the physical and chemical properties of urban grime collected during six consecutive months in downtown of Guangzhou, China. There is a significant variation of the uptake...

We thoroughly investigate the spillover effect of individuals' cadre status on socioeconomic outcomes of their biological family members over time using data from the Chinese Adult Twins Survey. A wide spectrum of family ties is analyzed within families. The estimates indicate that cadres'...

We investigate the effectiveness of yield curve control (YCC) vis-à-vis other unconventional monetary policies (UMP) in a panel difference-in-differences framework of 26 economies that employed UMP between 1995 and mid-2021 for countries that made YCC related announcements. Shadow rates are...