Climatic characteristics of foreign low latitude plateau regions are firstly introduced. Then, experience and lessons of major foreign low latitude plateau countries in developing modern agriculture are analyzed, including Indian three agricultural revolutions and agricultural informationization...

This paper firstly summarized experience of Vietnam and Taiwan in developing modern agricultural manorial economy. The manorial economy of Vietnam is characterized by intensive and specialized operation and high marketization and wide employment of labors, while the experience of Taiwan can be...

We study venture capital finance with experimentation. An entrepreneur contracts with an investor and has private information about a project, which requires costly experimentation by both parties to succeed. In equilibrium, investors learn about the project from the arrival of exogenous...

We find that common ownership leads VCs to stifle competition among startups, but only in limited circumstances. Our evidence is from pharmaceutical startups, where common ownership is widespread. We examine how a startup responds after seeing a competitor make progress on a related drug...

VCs prefer secrecy when searching for targets. As a result, only the investments in viable startups are disclosed but the failed ones are discarded silently. We extend the standard preemption game to explain the efficiency loss and the individual rationale of doing so. We show that secrecy...

Assets are reallocated less efficiently through mergers and acquisitions (M&As) between private firms compared to the public ones. I develop a theoretical framework to explain how information imperfections inhibit efficiency gains through private acquisitions. Two startups of different qualities...

We study the impacts of telehealth adoption on geographic competition among urban and rural healthcare providers, and associated quality of care implications. To causally identify these effects, we consider a quasi-natural experiment: states' entry into the Telemedicine Licensure Compact,...

We study the environmental impact of green innovations by combining detailed firm-level toxic release data with patent-level measures of environmental technologies. To address the endogeneity concerns and measurement problems, we obtain patent-level exposures to the Green Technology Pilot...