We analyze ways in which heterogeneity in responsiveness to incentives ("drive") affects employees' incentives and firms' incentive systems in a career concerns model. On the one hand, because more driven agents work harder in response to existing incentives than less driven ones-and therefore...

I present a unified theoretical framework that attributes output collapse to price liberalization and decentralization of the formerly integrated monopolistic industrial structure in the former Soviet bloc, and output expansion in China to marginal marketization and intramarginal regulation. In...

The effectiveness of China's incremental industrial reform between 1980--89 is empirically investigated using a panel data set of 769 state enterprises from 36 2--digit industries. I derive and apply a method that measures marginal products of factors, changes in total factor productivity (TFP),...

China is now the world's largest user of coal, and also has the highest greenhouse gas emissions associated with the mining and use of coal. In the mining sector, the interests of workforce safety coincide with those of GHG (greenhouse gas) management. While the traditional approach to ensuring...

It is common practise in industry for traders to use copula models combined with observed market prices to calculate implied correlations for firm defaults. The actual feasibility of this calculation depends on the assumption that there is a one-to-one mapping between values of CDO tranches and...

Purpose–The purpose of this paper is to explore in depth the impact and transmission mechanism of different international capital flows on domestic employment and wages in China within a systematic framework; also to reveal whether the empirical results can confirm the basic model inferences....

Landslide susceptibility mapping is essential for land-use activities and management decision making in hilly or mountainous regions. The existing approaches to landslide susceptibility zoning and mapping require many different types of data. In this study, we propose a fractal method to map...

A set of jobs, with stochastic processing times, is to be processed on a machine which is subject to breakdown and repair. The machine’s uptime is assumed to have a general phase type distribution, the processing time of each job and the repair times of the machine are generally considered as...