The Chinese University of Hong Kong－Tsinghua University Joint Research Center for Chinese Economy 清華大學－香港中文大學中國經濟聯合研究中心 - Research Papers The Chinese University of Hong Kong－Tsinghua University <br/>Joint Research Center for Chinese Economy 清華大學－香港中文大學中國經濟聯合研究中心

The Chinese University of Hong Kong－Tsinghua University
Joint Research Center for Chinese Economy

清華大學－香港中文大學中國經濟聯合研究中心

Research Papers

Risk Aversion and Son Preference: Experimental Evidence from Chinese Twin Parents

(2017)
Soo Hong Chew, Junjian Yi, Junsen Zhang, Songfa Zhong
We study the role of risk aversion underlying son preference in patriarchal societies, where sons serve as better insurance for old-age support than daughters. The implications of an insurance motive on son preference are two-fold. First, prior to the birth of their children, more risk-averse parents...

Excess Liquidity and Credit Misallocation: Evidence from China

(2017)
Shiyuan Pan, Kang Shi, Lisheng Wang, Juanyi (Jenny) Xu
China's M2/GDP ratio keeps rising, although it is already in the highest tier throughout the world. In this paper, we investigate empirically this puzzle using different levels of data. We first provide a quantitative approach to estimate the degree of China's excess liquidity based on cross-country...

Non-Price Discrimination by a Prejudiced Platform

(2017)
Ming Gao, Travis Ng
Recent lawsuits and anecdotal evidence suggest that some platforms discriminate against certain users through non-price practices, discouraging their participation without directly increasing revenue. We show that a monopolist two-sided platform with a prejudice against certain users - modeled as more...

WTO Accession and Performance of Chinese Manufacturing Firms

(2017)
Loren Brandt, Johannes Van Biesebroeck, Luhang Wang, Yifan Zhang
We examine the effects of the trade liberalization that accompanied China’s WTO accession on the evolution of markups and productivity of Chinese manufacturing firms. Although these two dimensions of performance cannot be separately identified when firm output is measured by revenue, we show that...

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Research Papers

Risk Aversion and Son Preference: Experimental Evidence from Chinese Twin Parents

(2017)
Soo Hong Chew, Junjian Yi, Junsen Zhang, Songfa Zhong
We study the role of risk aversion underlying son preference in patriarchal societies, where sons serve as better insurance for old-age support than daughters. The implications of an insurance motive on son preference are two-fold. First, prior to the birth of their children, more risk-averse parents...

Excess Liquidity and Credit Misallocation: Evidence from China

(2017)
Shiyuan Pan, Kang Shi, Lisheng Wang, Juanyi (Jenny) Xu
China's M2/GDP ratio keeps rising, although it is already in the highest tier throughout the world. In this paper, we investigate empirically this puzzle using different levels of data. We first provide a quantitative approach to estimate the degree of China's excess liquidity based on cross-country...

Non-Price Discrimination by a Prejudiced Platform

(2017)
Ming Gao, Travis Ng
Recent lawsuits and anecdotal evidence suggest that some platforms discriminate against certain users through non-price practices, discouraging their participation without directly increasing revenue. We show that a monopolist two-sided platform with a prejudice against certain users - modeled as more...

WTO Accession and Performance of Chinese Manufacturing Firms

(2017)
Loren Brandt, Johannes Van Biesebroeck, Luhang Wang, Yifan Zhang
We examine the effects of the trade liberalization that accompanied China’s WTO accession on the evolution of markups and productivity of Chinese manufacturing firms. Although these two dimensions of performance cannot be separately identified when firm output is measured by revenue, we show that...