This paper tests the effect of stake size on ambiguity attitudes. Compared to a baseline condition, the paper find subjects to be more ambiguity seeking for small probability gains and large…

Coal has fueled China’s fast growth in the last decades, but it also severely pollutes the air and causes many health issues. The magnitude of the health damage caused by air pollution depends on the…

Inefficient firewood and charcoal usage contributes massively to global greenhouse gas emissions and causes four million mortal diseases a year. Relative to other climate protection measures, public…

Since the 1960s and 1970s, the international community has dedicated a considerable amount of its lending portfolios and technical assistance capacities to investments into infrastructure such as…

More than 1.1 billion people in developing countries are lacking access to electricity. Based on the assumption that electricity is a prerequisite for human development, the United Nations has…

Purpose: The purpose of this paper is to attempt to investigate farmer's positional concerns in rural China, and how the positional concerns correlate with household expenditures on visible goods…

Influenza pandemics can severely impact human health and society. Understanding public perception and behavior toward influenza pandemics is important for minimizing the effects of such events. Public…

The Chinese government has allowed collective village forest land to pass into individualized ownership. The purpose was to alleviate rural poverty and stimulate investment in forests. Using data…

Using individual travel diary data collected before and after a rail transit expansion in urban Beijing, the impact of urban rail accessibility improvement on the usage of rail transit, automobiles…

The empirical results of the risk-return relationship are mixed for both mature and merging markets. In this paper, we develop a new volatility model to revisit the risk-return relation of the…