In a simple model of one public good producible from one input, we show that unit-by-unit cost-sharing rules have two properties. First, a unit-by-unit cost-sharing rulealways chooses a core allocation. Second, every allocation in the core will be chosen by at least one unit-by-unit cost-shring...

We consider the classic cake-division problem when the cake is a heterogeneous good represented by an interval in the real line. We provide a mechanism to implement, in an anonymous way, an envy-free and efficient allocation when agents have private information on their preferences. The...

We investigate the relative importance of various bankruptcy predictors commonly used in the existing literature by applying a variable selection technique, the least absolute shrinkage and selection operator (LASSO), to a comprehensive bankruptcy database. Over the 1980–2009 period, LASSO...

From in-depth interviews with Chinese immigrant wives in the United States and the Chinese couples in urban China in 2004, researcher found a surprising result in terms of their interpretations of the impact of the male-breadwinner ideal upon perceived marital stability. Over half of the sampled...

Innovativeness is an important organizational capability for competitive advantage sustainability in the dynamic environment of Asia's emerging economies. Drawing upon dynamic capability theory, this study develops a research model of organizational innovativeness development for firms in...

We consider the estimation problem of conditional quantile when multi-dimensional covariates are involved. To overcome the “curse of dimensionality” yet retain model flexibility, we propose two partially linear models for conditional quantiles: partially linear single-index models (QPLSIM)...

State Medicaid programmes generally have been able to obtain relief from high drug prices following patent expirations for many branded-drug medications by adjusting reimbursement following the expanded competition in the pharmaceutical market. </AbstractSection> Copyright Springer International Publishing...