There has been a significant growth in the number of Chinese companies going public in recent years. Some of them listed their shares locally in Shanghai and Shenzhen, while others chose a stock exchange with better access to international capital (e.g. Hong Kong). The existing literature argues...

Based on fractal theory, this paper studies the fluctuation characteristics of the gold market in China. Using R/S analysis and fractal dimension analysis this paper demonstrates that the gold market possesses fractal characteristics and determines the length of the aperiodic circulation on the...

We investigate corruption as a social dilemma by means of a bribery game in which a risk of collective sanction of the public officials is introduced when the number of officials accepting a bribe from firms reaches a certain threshold. We show that, despite the social risk, the pursuit of...

We study cheating as a collective-risk social dilemma in a group setting in which individuals are asked to report their actual outcomes. Misreporting their outcomes increases the individual's earnings but when the sum of claims in the group reaches a certain threshold, a risk of collective...

We investigate corruption as a social dilemma by means of a bribery game in which a risk of collective failure is introduced when the number of public officials accepting a bribe from firms reaches a certain threshold. We show that, despite the social risk, the pursuit of individual interest...

We investigate corruption as a social dilemma by means of a bribery game in which a risk of collective sanction of the public officials is introduced when the number of officials accepting a bribe from firms reaches a certain threshold. We show that, despite the social risk, the pursuit of...

We investigate corruption as a social dilemma by means of a bribery game in which a risk of collective sanction of the public officials is introduced when the number of officials accepting a bribe from firms reaches a certain threshold. We show that, despite the social risk, the pursuit of...

This paper is concerned with the relationship between beliefs and economic performance and explains the differences of country performance in global economic growth over the past two decades based on the composite belief index comprising the beliefs on trust, social justice, competition and...

Friends (mates) are major providers of relational goods and are vital valuable for subject well-being. Since the choice of friends is two-sided, its decision making mode is different from consumption goods. We combine the idea from psychological games based on belief-dependent motivations and...