Chinese urban commercial banks are currently the third largest type of commercial bank in China, and they have been rapidly developing in recent years. While they play a vital role in the financial system and economy, there is limited research on the productivity of these banks. This article...

While the impact of technology on production is widely researched, this study explores the economic implications of technology through the channel of enhancing leisure experience on the consumer side. We develop a theoretical model which allows for habit formation for a technology good purchased...

A large body of literature shows that institutions positively impacts economic performance. This study proposes that social justice which is an essential virtue of institutions also positively influences economic performance. We build the case that social justice affects capital, human capital...

Could habits in the consumption of high-tech goods in leisure activities make the labour income share fall? A competitive equilibrium model is constructed, where consumer utility is separable in conventional consumption and a high-tech good-such as video games or smartphones-whose contribution...

This paper investigates two scenarios in which the worker remains in existence despite artificial intelligence overtaking human thinking. In this analysis, the entrepreneur (capitalist) has replaced the worker with a robot. The scenarios considered focus on altruism and the role of economies of...