Using an extended LHARG model proposed by Majewski et al. (2015, J Econ, 187, 521–531), we derive the closed‐form pricing formulas for both the Chicago Board Options Exchange VIX term structure and…

This paper provides an overview of recent forest tenure reform in rural China and a summary of findings from a series of surveys and research papers. The research papers cover several broad themes…

This paper provides an overview of recent forest tenure reform in rural China and a summary of findings from a series of surveys and research papers. The research papers cover several broad themes…

We pair a firm-level panel of annual industrial output with a fine-scale daily weather data set, to estimate the responses of industrial output to temperature changes in China. We have four primary…

Automobiles are a major contributor to pervasive urban air quality problems. Partly to reduce these air quality problems, China has invested heavily in urban subway systems. This paper provides the…

The shale gas boom in the United States has been reforming the world energy market. The supply response of shale gas to productivity shocks and relative price changes, however, has not been adequately…

This paper uses survey and experimental data from prison inmates and comparable non-inmates to examine the drivers of rising criminality in China. We find that China’s high sex ratios are associated…

Our Beijing‐based laboratory experiment investigated gender differences in competitive choices across different birth‐cohorts experiencing – during their crucial developmental‐age – different…

The People’s Republic of China (PRC) launched seven emissions trading scheme (ETS) pilot projects in 2013–2014 to explore a cost-effective approach for low-carbon development. The central government…

We examine the role of risk and time preferences in how forest owners respond to forest certification. We test hypotheses from a two-period harvest model derived from prospect theory in the context of…