Working Papers-Peking University HSBC Business School(PHBS)

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A robust single-leg capacity control method based on adjustable regret is proposed to address the practical needs

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In many settings, affirmative action policies apply simultaneously at two levels, for instance, at university and

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This paper studies the effects of income taxation on entrepreneurship, empirically and in astructural macro model

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It is generally believed that pressure from peers induces employees to improve their efficiency and performance, b

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AbstractWith hand-collected data on Chinese M&A agreements between 2010 and 2019, this paper reveals that some tar

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This paper describes a new fact and then analyzes its implication for aggregate ﬂuctuations: sticky-price ﬁrms o

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We build a multi-sector spatial general equilibrium model that features heterogeneous firms and workers location choices to

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We develop a dynamic model of DeFi (decentralized finance) lending incorporating the following key features: 1) bo

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The ﬁrst generic challenger to a branded drug tends to feature an investor base that has substantial stakes in

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We show that firms collect more than 70% of their cash flow in the second half of the year We also find tha