Call for Papers

Dear Author, China-USA Business Review and Chinese Business Review are professional journals sponsored by American Sino-US Association of Entrepreneurs, and published across the United States by David Publishing Company, Chicago, IL, USA. In China, the journals are regularly issued by China National Publication Import ＆ Export Corporation on commission.     

Deadline for Reuters

WhenTomGlocer,theCEOofReuters,presentsthecompany’san-nualresultsonFeb.18,onefactiscertain:Thenewswillbegrim.SincetakingchargeoftheLondonbusinessandfinancialinformationgroupinJuly2001,Glocerhaspresidedoverslidingrevenues,shrinkingprofits,anda75?clineint…     

Contributing for Myself,but Free riding for My Group?

Many real‐world decisions are made by individuals as representatives of groups. Most research, however, studies either individuals or groups as decision‐makers. This paper explores whether there is a general difference between a decision made as an individual and as a representative of a group in the context of a public good game. We conducted a series of experiments to test this question and to understand mechanisms contributing to potential differences. We found that representatives contributed less than individuals when they could not communicate with their constituency. However, when they could discuss their strategy before playing, they contributed at least as much as individual decision‐makers. Furthermore, when they could justify their decision after playing, they contributed even more than individual decision‐makers. We discuss potential reasons for this and directions for future research.     

Is good news for Donald Trump bad news for the Peso?

We study the relationship between Mr. Trump’s election prospects and the US dollar-peso exchange rate, controlling for other factors that determine overall exchange rates. Increases in Mr. Trump’s probability of winning generate short-run, but statistically significant economically meaningful, disturbances in the US dollar-peso exchange rate. We also provide evidence on Mr. Trump’s effects on Mexican equity markets, premia for Mexican sovereign default risks, exchange rate volatility.     

Asking for Individual or Household Willingness to Pay for Environmental Goods?

The aggregate welfare measure for a change in the provision of a public good derived from a contingent valuation (CV) survey will be higher if the same elicited mean willingness to pay (WTP) is added up over individuals rather than households. A trivial fact, however, once respondents are part of multi-person households, it becomes almost impossible to elicit an “uncontaminated” WTP measure that with some degree of confidence can be aggregated over one or the other response unit. The literature is mostly silent about which response unit to use in WTP questions, and in some CV studies it is even unclear which type has actually been applied. We test for differences between individual and household WTP in a novel, web-administered, split-sample CV survey asking WTP for preserving biodiversity in old-growth forests in Norway. Two samples are asked both types of questions, but in reverse order, followed by a question with an item battery trying to reveal why WTP may differ. We find in a test between samples that the WTP respondents state on behalf of their households is not significantly different from their individual WTP. However, within the same sample, household WTP is significantly higher than individual WTP; in particular if respondents are asked to state individual before household WTP. Our results suggest that using individual WTP as the response unit may overestimate aggregate WTP. Thus, the choice of response format needs to be explicitly and carefully addressed in CV questionnaire design and further research in order to avoid the risk of unprofitable projects passing the benefit-cost test.

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A Hot Market for Carbon

On the outskirtosf Bangkok,generatorsfueledby methane fromswine manure make electric.i tyInChina’sInnerMongolia,wind farmsare sproutingup along the breezysteppe.s InIndia’s Andhra Pradeshstat,e villagerpsower theirtractorswitha cleaner-burnindgieselsubst-itutepressedfrom seedsofthemightyhongetree.What do thesefar-flunpgrojectshaveincommon?They’reallthedi-rectresultof the1997Kyoto Proto-col,a sprawlingglobalinitiatitvoereduceemissionsofgreenhousegas-eslinkedtoglobalwarming.TheU.S.and a …     

A Nightmare Scenario for Banks

Nomatterwhichwaytheyturnedlastyear,bankskeptgettinghitbybadnews.Therewere,ofcourse,thescandals.IndustrytitansCitigroupandJ.P.MorganChasewereaccusedofhelpingEnronhidebillionsindebt.AndCitiCEOSan-fordI.Weillhimselfsawhisreputa-tiondraggedthroughthemudaftera…     

Itching for a fight?

The Health Insurance Association of America complains that the White House has made it a scapegoat in the health reform debate. But the trade group's brawl with the Administration has also been a rallying point for a badly divided industry.     

Conceptual Model for Urban Competitiveness

Urban competitiveness is always the focus of researches on urban economy. The variety of definitions and evaluation systems of urban competitiveness are the results of lack of accurate and comprehensive understanding on urban competitiveness. This paper reviews five groups of definitions on urban competitiveness and establishes a conceptual model for urban competitiveness.