Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- China (2)
- Ancient china (1)
- Asia and the pacific (1)
- Chinese history (1)
- Choice of technology (1)
-
- Confucianism (1)
- Culture (1)
- Division of power (1)
- Economic models (1)
- Economic policy (1)
- Economic theory (1)
- Efficiency wages (1)
- Equilibrium (1)
- Experiment (1)
- Foreign relations (1)
- H56 (1)
- Incentive provision (1)
- Information (1)
- Institutional design (1)
- Japan (1)
- Legalism (1)
- N45 (1)
- National strategy of governance (1)
- O53 (1)
- Oligopolistic competition (1)
- Oligopoly (1)
- Political economy (1)
- Size of nations (1)
- Studies (1)
- Technological planning (1)
- Publication
- Publication Type
Articles 1 - 4 of 4
Full-Text Articles in Economics
Unification And Division: A Theory Of Institutional Choices In Imperial China, Haiwen Zhou
Unification And Division: A Theory Of Institutional Choices In Imperial China, Haiwen Zhou
Economics Faculty Publications
Ancient China experienced various rounds of division and unification. Unification was maintained through economic and political institutions such as low tax rates to reduce peasant rebellions and the division of authority among government officials to reduce usurpation of power. A ruler’s choice of institutions to maintain unification is studied in a theoretical model. Interactions among external threats, internal rebellions by peasants, and usurpation of power by government officials are established. A higher level of external threats induces the ruler to choose a higher level of autonomy for government officials and a higher tax rate. That is, equilibrium probability of internal …
The Choice Of Technology And Equilibrium Wage Rigidity, Haiwen Zhou
The Choice Of Technology And Equilibrium Wage Rigidity, Haiwen Zhou
Economics Faculty Publications
In this general equilibrium model, firms engage in oligopolistic competition and choose increasing returns technologies to maximize profits. Capital and labor are the two factors of production. The existence of efficiency wages leads to unemployment. The model is able to explain some interesting observations of the labor market. First, even though there is neither long-term labor contract nor costs of wage adjustment, wage rigidity is an equilibrium phenomenon: an increase in the exogenous job separation rate, the size of the population, the cost of exerting effort, and the probability that shirking is detected will not change the equilibrium wage rate. …
Confucianism And The Legalism: A Model Of The National Strategy Of Governance In Ancient China, Haiwen Zhou
Confucianism And The Legalism: A Model Of The National Strategy Of Governance In Ancient China, Haiwen Zhou
Economics Faculty Publications
The Confucian school emphasizes family value, moral persuasions, and personal relations. Under Confucianism, there is a free-rider issue in the provision of efforts. Since national officials are chosen through personal relations, they may not be the most capable. The Legalist school emphasizes the usage of incentives and formal institutions. Under the Legalism, the ruler provides strong incentives to local officials which may lead to side effects because some activities are noncontractible. The cold-blood image of the Legalism may alien citizens. By exploiting the paternalistic relationship between the ruler and the ruled under Confucianism and the strength of institution-building under the …
Japan Looks At An Uncertain China: The Role Of Japan's Aid To China, Yixin Yang
Japan Looks At An Uncertain China: The Role Of Japan's Aid To China, Yixin Yang
Graduate Program in International Studies Theses & Dissertations
This thesis discusses the role the Japanese aid has played in accommodating the structural change of Sino-Japanese economic relations and in dealing with the economic and political crisis that has jeopardized their bilateral relations and Japan's own national interest. Japan's early resumption of economic aid to China after Tiananmen reflects how aid philosophy differs from that of most of the other Western aid donors. The conclusions are that Japan's large loan to China has played a vital role in maintaining and strengthening Sino-Japanese economic relations, that the aid has made the interdependent relations between the two countries an asymmetric one, …