Despite a large body of empirical work analyzing the causal effects of fiscal stimulus on employment in developed countries, little evidence exists in developing economies and evidence from China is scarce. Using the initial share of local industries together with allocated spending announced in...

This paper develops a method to identify maverick firms in an industry from the perspective of anti-coordination effects. The method is based on the difference between the Cournot competitive price and collusive price: when there is a maverick firm that hinders coordination, the price of the...

A growing literature demonstrates the role of private schools in narrowing the housing premium associated with high-quality public schools under a community-based public education system. However, there is little evidence on how policy shocks that limit access to private schools affect this...