We conducted a field experiment in a typical Chinese prison to examine the in-group bias of groups with a stigmatized identity. Inmates were given the opportunity to work for a charity. We found evidence of both pro-sociality and in-group favoritism among inmates. In particular, inmates...

This research investigates the impact of Fintech development on an important type of crime: theft. Based on Becker's rational criminal theory, we suggest that Fintech development could mitigate theft activities by increasing the earnings from legitimate work, relaxing potential criminals'...

A recipient of a good deed might repay it to others, instead of to the original donor. We use a lab experiment with naturally-occurring social connections to investigate whether and how the social connection between the donor and the third-party beneficiary spillover to affect the recipient's...

We develop a multiagent-principal model with participation decision to address customer complaining behavior and the management policy. The noisy informed clients choose among costly complain, keep silence, and exit, and the company decides the complaining barrier and whether to undertake...

This paper investigates the responses of firms and governments to social media activities. The unexpected release and short­lived circulation of the environmental documentary Under the Dome in China in 2015 offers a natural experiment. We combine a comprehensive firm-­level pollutant emissions...

This paper conducts a laboratory experiment to investigate the role of social connections in behavioral indirect reciprocity. We provide the evidence of spillovers effects of social ties, e.g., the recipient’s indirect reciprocal act varies with the relations between the donor and a third...