Competition and Quality: Evidence from High-Speed Railways and Airlines Hanming Fang, Long Wang, Yang Yang, Aug 05, 2020
Competition and Quality: Evidence from High-Speed Railways and Airlines Hanming Fang, Long Wang, Yang Yang, Aug 05, 2020 This paper investigates whether competition spurs quality improvement using the entry of Beijing-Shanghai high-speed rail (HSR) as an exogenous increase in competition to affected flights to destination cities along the HSR line. We find that competition from the entry of HSR leads to significant reductions in the mean and variance of travel delays on the affected airline routes and that these improvements are mainly driven by reductions in departure delays and the duration of taxi-in time at the destination airport.
VoxChina Covid-19 Forum (Second Edition): China’s Post-Lockdown Economic Recovery VoxChina, Apr 18, 2020 The lockdowns induced by Covid-19 have led to unprecedented challenges to economies across the globe. The second edition of the VoxChina Covid-19 Forum focuses on China’s post-lockdown economic recovery, with three presentations that are based on data analysis of small businesses, consumption, e-commerce, and beyond, each for 15 minutes. There will be 30 minutes of Q&As.
VoxChina Covid-19 Forum (First Edition): Public Health and Public Policy VoxChina, Apr 11, 2020 Covid-19 poses unprecedented challenges to the global health and global economy. We are pleased to initiate a series of Covid-19 Public Health and Public Policy Virtual Forums to discuss the impact and policy responses to Covid-19.
Peer Effects, Political Competition, and Ecological Efficiency Xudong Chen, Bihong Huang, Yantuan Yu, Jul 29, 2020 This study examines the impacts of political competition on eco-efficiency. We first develop a theoretical model in which local government officials compete against each other to maximize their own political score. We find that after an initial stage of decline, eco-efficiency eventually increases once environmental performance becomes a meaningful component of local government officials’ annual assessment. These theoretical predictions are corroborated...
Higher Education and Corporate Innovation Dongmin Kong, Bohui Zhang, Jian Zhang, Jul 22, 2020 This paper investigates the impact of higher education on corporate innovation using a difference-in-differences approach. We find that Chinese firms in skilled industries generate better innovation outcomes, especially firms headquartered in provinces with more science and engineering college graduates, young firms that are more likely to hire young graduates, and firms located near universities. Also, we show that technological innovation is a mechanism...