We introduce a name market into an overlapping generations model to address politician selection and political accountability when officeholders need not stand for re-election. We show that the name market could mitigate both issues. On the one hand, acquiring a good name screens good...

We introduce a name market into an overlapping generations model to address politician selection and political accountability when officeholders need not stand for re-election. We show that the name market could mitigate both issues. On the one hand, acquiring a good name screens good...

We explore information leadership in the financial market. We first study an endogenous network formation model in which traders link with each other before financial tradings. We show the only stable outcome is a star network in which every trader links to the same person. The centre of this...

This paper develops a model to investigate the interaction between collective decision-making in voting and financial speculation. Protesting voters demand policy reforms by voting against the incumbent, but too many opposing votes result in an unfavorable outcome --- political regime change....

Purpose: The purpose of this paper is to propose a deformable two-wheel-like mobile mechanism based on overconstrained mechanism, with the abilities of fast rolling and obstacle surmounting. The drive torque of the multi-mode motions is generated by self-deformation. Moreover, the analyses of...

This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate regime, financial risk, and capital account openness. We use a panel data set of a sample of Asian countries over the period 1980 to 2012. Our results indicate that private and...

<italic>This paper focuses on the root causes of construction fraud in China through detailed analysis of information collected from seven public construction projects. The three dimensions of 'fraud triangle' (pressure, rationalization, and opportunity) were used to identify factors that influence...</italic>

The impact of managers' incentives and earnings management methods on investor sentiment, based on 9581 listed firms in China from 2006 to 2011, is studied. This paper examines the influence of managers' incentives and earnings management methods on investor sentiment and intends to study how...

Does fiscal decentralization improve health and educational outcomes? Does this improvement depend on the quality of governance? How do fiscal decentralization and governance interact? We answer these questions through an instrumental variable Tobit analysis of cross-country panel data. We find...

Purpose The purpose of this paper is to propose an overall deformation rolling mechanism based on double four-link mechanism. The double quadrilateral mobile mechanism (DQMM) has two switchable working modes which can be used to traverse different terrains or climb over obstacles....