Many service organizations rely on information sharing systems to boost employee creativity to meet customer needs. We conducted a field experiment in a retail chain, based on a registered report accepted by JAR, to test whether an information sharing system recording employees’ creative work...

Owing to the increasing anthropogenic activities, flood frequency analysis and flood control scheduling of reservoir become more and more complicated because of the non-stationarity of flood series. This paper aims to assess the effects that non-stationary flood series, which is affected by land...

Areas of water shortage comprise many smaller sub-areas into which water is transported from external sources. Fairness and efficiency of distribution are overriding principles. Each local area requires adequate water for community and ecological purposes as well as a supply sufficient to...

Conventionally, urban renewal initiated by the private sector is not that different from other trading activities. A developer purchases property rights from the suppliers, who are the property owners of the renewal site, in the open market for a price. Once the deal is done, the suppliers are...

We study a dynamic stochastic general equilibrium model in which agents are concerned about model uncertainty regarding climate change. An externality from greenhouse gas emissions damages the economy's capital stock. We assume that the mapping from climate change to damages is subject to...

This paper analyzes the problem of starting and stopping a Cox-Ingersoll-Ross (CIR) process with fixed costs. In addition, we also study a related optimal switching problem that involves an infinite sequence of starts and stops. We establish the conditions under which the starting-stopping and...

Education inequality between the rural and urban areas of the People's Republic of China (PRC)—a potential bottleneck for human capital accumulation—has long been of interest to researchers and policymakers. This paper uses data from the China Family Panel Survey (CFPS) and the Rural–Urban...

This paper studies the timing of trades under mean-reverting price dynamics subject to fixed transaction costs. We solve an optimal double stopping problem to determine the optimal times to enter and subsequently exit the market, when prices are driven by an exponential Ornstein-Uhlenbeck...