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Environmental Externalities, Product Attributes, and Market Power: Implications for Government Subsidies

Panle Jia Barwick, Hyuk-soo Kwon, Shanjun Li, Sep 18, 2024

The article discusses how attribute-based subsidy (ABS) designs lead to higher product quality and more effectively mitigate market power than uniform subsidies, albeit with a modest environmental cost.

Demand for Retirement Insurance: What Do People Want?

Cheng Wan, Hazel Bateman, Hanming Fang, Katja Hanewald, Oct 02, 2024

This article discusses the diversity and preference variations in the demand for retirement insurance among urban residents in China, particularly the high demand for health-related insurance such as critical illness (CI) and long-term care (LTC) insurance, and how individual financial circumstances, risk appetites, and bequest motives significantly influence their choice of retirement insurance products.

Let a Small Bank Fail: Implicit Non-guarantee and Financial Contagion

Liyuan Liu, Xianshuang Wang, Zhen Zhou, Nov 27, 2024

The research findings indicate that after the failure of a small bank, regulatory authorities did not fully bail out all creditors as had been the norm, and this policy shift affected the funding costs and market confidence of banks with lower systemic importance (SU).

The Anatomy of Chinese Innovation: Insights on Patent Quality and Ownership

Philipp Boeing, Loren Brandt, Ruochen Dai, Kevin Lim, Bettina Peters, May 07, 2025

Chinese patenting has become narrower and less innovative over time. The role of overseas knowledge has also declined sharply. These findings are salient in the context of a marked slowdown in economic growth in China and rising concerns of technological decoupling with the US.