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Evolutionary game of stakeholders in the ‘high-speed rail battle’ under a dual principal-agent relationship 双重委托代理关系下“高铁之战”中利益相关者的演化博弈
IF 6.6 1区 经济学
Cities Pub Date : 2025-09-13 DOI: 10.1016/j.cities.2025.106457
Pengcheng Xiang, Fengting Zhang, Shan Wang, Yan Qian
{"title":"Evolutionary game of stakeholders in the ‘high-speed rail battle’ under a dual principal-agent relationship","authors":"Pengcheng Xiang,&nbsp;Fengting Zhang,&nbsp;Shan Wang,&nbsp;Yan Qian","doi":"10.1016/j.cities.2025.106457","DOIUrl":"10.1016/j.cities.2025.106457","url":null,"abstract":"<div><div>This paper investigates conflicts and strategic interactions in high-speed rail (HSR) station placement, where limited resources and high demand have led local governments to compete for station rights, often inciting public protests. This study employs a dual principal-agent framework to analyze stakeholder conflicts. An evolutionary game theory model, the “high-speed rail battle” model, is constructed, incorporating the public, local governments, and the central decision-makers. Simulation analysis investigate the impact of initial strategy choices and key parameter variations on stakeholder decision-making. The research findings indicate that (1) In the initiation stage, the public leverage's public opinion feedback to advocate for station placement, while local governments convey demands to higher authorities, and central decision-makers uphold the original plan. (2) In the development stage, as collective resistance gains strength, local governments align with the public to pressure central decision-makers, who, after weighing the economic savings and credibility risks, find the new plan acceptable. (3) In the outbreak stage, despite the potential resistance costs, the public takes risks for additional benefits, while local governments suppress protests to avoid penalties, and central decision-makers adopt the new plan when its benefits outweigh repression and potential credibility costs. (4) Simulations demonstrate that enhanced HSR utility fuels public resistance, triggering protest suppression by local governments under high social disorder risks or pressure, while central decision-makers dynamically adapt policies based on protest intensity and instability costs. This study aims to promote the rationality and feasibility of project decisions while maintaining social stability and harmony.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"168 ","pages":"Article 106457"},"PeriodicalIF":6.6,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Contraception to women’s economic empowerment: A narrative review 避孕对妇女经济赋权:叙事回顾
IF 4.8 1区 经济学
World Development Pub Date : 2025-09-13 DOI: 10.1016/j.worlddev.2025.107167
Jocelyn E. Finlay , Mariam Gulaid , Chiseche Mibenge , Nyovani Madise , Naa Dodua Dodoo , John Stover , Michelle Weinberger , Michelle O’Brien , Marita Zimmermann
{"title":"Contraception to women’s economic empowerment: A narrative review","authors":"Jocelyn E. Finlay ,&nbsp;Mariam Gulaid ,&nbsp;Chiseche Mibenge ,&nbsp;Nyovani Madise ,&nbsp;Naa Dodua Dodoo ,&nbsp;John Stover ,&nbsp;Michelle Weinberger ,&nbsp;Michelle O’Brien ,&nbsp;Marita Zimmermann","doi":"10.1016/j.worlddev.2025.107167","DOIUrl":"10.1016/j.worlddev.2025.107167","url":null,"abstract":"<div><div>The pathway linking contraceptive access and use to women’s economic empowerment is explored in this narrative review. Contraception can have a direct effect on women’s economic empowerment through supporting bodily autonomy, but the main way in which the pathway links is through fertility. Contraception impacts the timing, spacing, and number of births, and these elements of fertility each impact the process of women’s economic empowerment. These pathways are explored with a focus on sub-Saharan Africa. With access to contraception, girls and women can plan their reproductive lives and this enables them to plan their education and economic lives. With access to contraception, girls are more likely to complete school and go on to higher-paying jobs and livelihoods. Contraception enables women to plan their birth intervals and manage the joint roles of childrearing and labor force participation. Contraception enables women to realize their desired number of children and make their own choice regarding their time use in work and child-rearing. Investing in adolescents brings the highest long-term gains to women’s economic empowerment. Policies that dismantle gender-discriminating social norms will bolster the positive effects of contraception on women’s economic empowerment. While the context of the evidence reviewed here shaped the interpretation of results and how these successes are adapted to other environs, this narrative review contributes to a growing compendium of evidence that suggests that investing in programs that support women in their access and use of contraception is an effective way to support women in their economic empowerment process.</div></div>","PeriodicalId":48463,"journal":{"name":"World Development","volume":"196 ","pages":"Article 107167"},"PeriodicalIF":4.8,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A unified duration-based explanation of the value, profitability, and investment anomalies 对价值、盈利能力和投资异常进行统一的基于持续时间的解释
IF 2.4 2区 经济学
Journal of Empirical Finance Pub Date : 2025-09-13 DOI: 10.1016/j.jempfin.2025.101645
Shan Chen , Tao Li
{"title":"A unified duration-based explanation of the value, profitability, and investment anomalies","authors":"Shan Chen ,&nbsp;Tao Li","doi":"10.1016/j.jempfin.2025.101645","DOIUrl":"10.1016/j.jempfin.2025.101645","url":null,"abstract":"<div><div>Two duration factors that arise from the downward-sloping term structure of equity returns explain the value, profitability, and investment premiums. One factor captures the spread of returns between short and long durations, and the other measures the difference in risk premiums associated with duration transitions. These duration effects jointly subsume the explanatory power of the value, profitability, and investment in the cross-section of equity returns. Our study shows that these three and other related anomalies can be unified in a risk-based framework. These anomalies may arise from the dynamic relations between firms’ durations and their fundamentals.</div></div>","PeriodicalId":15704,"journal":{"name":"Journal of Empirical Finance","volume":"84 ","pages":"Article 101645"},"PeriodicalIF":2.4,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145061350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Four-day school weeks and teacher mobility: Evidence from Missouri and Oklahoma 为期四天的学校周和教师流动性:来自密苏里州和俄克拉荷马州的证据
IF 1.8 3区 经济学
Economics of Education Review Pub Date : 2025-09-13 DOI: 10.1016/j.econedurev.2025.102708
Paul N. Thompson
{"title":"Four-day school weeks and teacher mobility: Evidence from Missouri and Oklahoma","authors":"Paul N. Thompson","doi":"10.1016/j.econedurev.2025.102708","DOIUrl":"10.1016/j.econedurev.2025.102708","url":null,"abstract":"<div><div>Four-day school week schedules are being adopted with increasing frequency, to promote teacher retention and recruitment in the face of growing teacher shortages. This study examines the effects of four-day school week adoption on teacher turnover. Using teacher employment records in Missouri and Oklahoma from 2009–2019 and a difference-in-differences empirical design, I find that, overall, four-day school week adoption has an insignificant effect on teacher retention and increased four-day school week prevalence in the local teacher labor market leads to increased teacher turnover. These overall effects, however, mask important effects on several key components of turnover, including small retention effects amongst teachers that would have left for another four-day school week district. The increase in overall turnover stemming from growth in four-day school week prevalence in the local area is driven in part by four-day school week districts recruiting teachers out of geographically close five-day school week districts. However, as the local teacher labor market becomes more saturated with four-day school week districts, some teachers are more likely to exit the teaching profession entirely. Beneficial teacher recruitment and retention effects are most prevalent in rural schools, in states where the four-day school week is motivated by teacher recruitment and retention efforts, and amongst teachers that are women, white, Bachelor’s degree holders, and young to mid-career teachers. Effects on teaching exit due to increased four-day school week prevalence in the local teacher labor market are seen for most subgroups, but most pronounced for non-white teachers and advanced degree holders. These heterogeneous effects help reconcile the mixed results observed in four-day school week teacher retention and recruitment effects across different states examined in the existing four-day school week literature.</div></div>","PeriodicalId":48261,"journal":{"name":"Economics of Education Review","volume":"109 ","pages":"Article 102708"},"PeriodicalIF":1.8,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Social trust and fertility intentions: Evidence from China with causal and structural insights 社会信任与生育意愿:来自中国的证据,具有因果关系和结构见解
IF 9.8 1区 经济学
International Review of Financial Analysis Pub Date : 2025-09-13 DOI: 10.1016/j.irfa.2025.104616
Xin Deng, Yang Wang, Xiaobo Tao
{"title":"Social trust and fertility intentions: Evidence from China with causal and structural insights","authors":"Xin Deng,&nbsp;Yang Wang,&nbsp;Xiaobo Tao","doi":"10.1016/j.irfa.2025.104616","DOIUrl":"10.1016/j.irfa.2025.104616","url":null,"abstract":"<div><div>This paper examines the causal impact of social trust on fertility intentions using nationally representative data from the China General Social Survey (CGSS). To provide structural interpretation, we develop a implicit overlapping generations (OLG) model in which social trust reduces the perceived cost of childbearing and enhances expected intergenerational returns. Simulation results reveal a reinforcing dynamic between trust and fertility across different parameter settings. To address potential endogeneity, we construct an instrumental variable based on provincial terrain slope, which captures exogenous variation in long-run trust formation. The results show that higher levels of interpersonal trust significantly increase the ideal number of children, and the estimates are robust to alternative trust measures and high-dimensional controls. Subsample results highlight heterogeneity by income level, age group, hukou status, and gender. Mechanism analyses further indicate that trust operates partly through improving subjective wellbeing and perceived social fairness. The findings underscore the role of social trust in shaping reproductive behavior and suggest that trust-building policies may complement conventional fertility support programs, especially in low-trust environments.</div></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":"107 ","pages":"Article 104616"},"PeriodicalIF":9.8,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145060933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Competing for innovation: Political tournaments and high-tech industries-related land transfer 竞争创新:政治竞赛和与高科技产业相关的土地转让
IF 7 1区 经济学
Habitat International Pub Date : 2025-09-13 DOI: 10.1016/j.habitatint.2025.103575
Yangyang Jie , Lin Zhou , Tiyan Shen
{"title":"Competing for innovation: Political tournaments and high-tech industries-related land transfer","authors":"Yangyang Jie ,&nbsp;Lin Zhou ,&nbsp;Tiyan Shen","doi":"10.1016/j.habitatint.2025.103575","DOIUrl":"10.1016/j.habitatint.2025.103575","url":null,"abstract":"<div><div>In China's relative performance evaluation system, local government leaders compete to advance their jurisdictions' economies, with this competition extending beyond mere macroeconomic growth to encompass investments, public services, and environmental regulations. High-tech land, crucial for innovative endeavors, has garnered significant attention from local leaders. Two fundamental questions arise: whether and to what extent does the transfer of high-tech land become distorted due to the intense political competition among local leaders? To explore these questions, we empirically investigate these questions using a spatial econometric model, analyzing panel data from Chinese prefectures between 2009 and 2015. Our findings indicate that, under the innovative performance evaluation, local leaders are motivated to transfer more high-tech land. This allocation varies based on the leaders' age and length of time in office and is influenced either by the need to maintain economic growth or by fiscal pressures. Furthermore, we identify a spillover effect where leaders of neighboring prefectures tend to imitate one another, driven by their common goal of economic expansion. However, this competitive environment does not result in genuine innovative advantages for adjacent regions; instead, it impedes their development. Our results signal a caution against political competition straying from intended policy objectives.</div></div>","PeriodicalId":48376,"journal":{"name":"Habitat International","volume":"166 ","pages":"Article 103575"},"PeriodicalIF":7.0,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145050008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does inflation targeting live up to all the hype? 通胀目标制是否如其所言?
IF 4.6 2区 经济学
Emerging Markets Review Pub Date : 2025-09-13 DOI: 10.1016/j.ememar.2025.101358
Taniya Ghosh, Yadavindu Ajit
{"title":"Does inflation targeting live up to all the hype?","authors":"Taniya Ghosh,&nbsp;Yadavindu Ajit","doi":"10.1016/j.ememar.2025.101358","DOIUrl":"10.1016/j.ememar.2025.101358","url":null,"abstract":"<div><div>This study evaluates the impact of inflation targeting (IT) on inflation levels, volatility, and persistence in 59 emerging markets from 1985 to 2019, addressing the limitations of traditional methods that ignore staggered adoption. Using methodology that accounts for staggered implementation, IT is found to significantly reduce inflation, particularly when hyperinflationary economies are excluded. However, its effects on volatility and persistence are less conclusive. While traditional models suggest initial reductions in volatility, incorporating staggered adoption reveals no lasting impact. Similarly, IT does not significantly influence inflation persistence. The findings emphasize IT’s effectiveness in lowering inflation but limited influence on other aspects.</div></div>","PeriodicalId":47886,"journal":{"name":"Emerging Markets Review","volume":"69 ","pages":"Article 101358"},"PeriodicalIF":4.6,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145060016","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Demand for domestic help services: Evidence from a natural experiment 对家政服务的需求:来自自然实验的证据
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2025-09-13 DOI: 10.1016/j.jebo.2025.107234
Siramane Coulibaly , Bernard Fortin , Maripier Isabelle
{"title":"Demand for domestic help services: Evidence from a natural experiment","authors":"Siramane Coulibaly ,&nbsp;Bernard Fortin ,&nbsp;Maripier Isabelle","doi":"10.1016/j.jebo.2025.107234","DOIUrl":"10.1016/j.jebo.2025.107234","url":null,"abstract":"<div><div>We investigate how an increase in subsidies for purchasing domestic help services affects the consumption of individuals who need assistance to live at home. Drawing on administrative data, we analyse the impact of a reform implemented in Quebec (Canada) in 2016, which made the program more generous for a subgroup of beneficiaries. For this purpose, we estimate a difference-in-differences lognormal hurdle model. We derive the corresponding average treatment effect on the treated for this class of non-linear models. Our results suggest that the price elasticity of the demand for subsidized domestic help services for the treated is around 0.74. The elasticity of monthly purchase frequency (0.59) is much larger than the elasticity of monthly purchase intensity (0.14). Based on our results, we determine a floor to the marginal external benefit required for the reform to be socially worth adopting.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"238 ","pages":"Article 107234"},"PeriodicalIF":2.3,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
What street do you like? Exploring the subjective perception of public spaces in unequal and segregated cities 你喜欢哪条街?探索在不平等和隔离的城市中对公共空间的主观感知
IF 6.6 1区 经济学
Cities Pub Date : 2025-09-13 DOI: 10.1016/j.cities.2025.106460
Luis A. Guzman , Victor A. Cantillo-Garcia , Angie Criado , Olga L. Sarmiento , Carlos Moncada
{"title":"What street do you like? Exploring the subjective perception of public spaces in unequal and segregated cities","authors":"Luis A. Guzman ,&nbsp;Victor A. Cantillo-Garcia ,&nbsp;Angie Criado ,&nbsp;Olga L. Sarmiento ,&nbsp;Carlos Moncada","doi":"10.1016/j.cities.2025.106460","DOIUrl":"10.1016/j.cities.2025.106460","url":null,"abstract":"<div><div>A livable urban space should ideally be sustainable, healthy, and supportive of its citizens. Understanding people's perceptions of spaces is crucial for enhancing their quality and livability, as well as informing decision-making in the planning and design of cities, particularly in developing contexts where inequalities and social disadvantages are prevalent. This study proposes an approach to capture subjective valuations of urban spaces and aims to assess preferences for attributes of public spaces. Based on the analysis of 12,285 street images from Bogotá, Colombia, people's perceptions of beauty, security, invitingness, comfort, functionality, and efficiency were captured via a stated preference survey using these images. Discrete choice models were subsequently estimated to evaluate the relative importance of different streetscape attributes observed in the images. These attributes included physical elements of streets, such as green areas, trees, buildings, public transport stops, sidewalks, cycling lanes, walls, fences, vehicles, and roads, which were identified using visual recognition techniques powered by Deep Learning models. This approach enables the identification of the physical features of streetscapes that shape people's preferences for urban spaces. Additionally, model estimates were used to calculate and map six indices informing the perceived quality of each street segment in the city, indicating which types of urban spaces are considered the most beautiful, safe, inviting, comfortable, functional, and efficient. These results provide a foundation for informed decision-making in urban planning and design, encouraging landscape changes that foster a harmonious relationship among planners, designers, and citizens. Ultimately, this approach supports the goal of sustainable urban development.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"168 ","pages":"Article 106460"},"PeriodicalIF":6.6,"publicationDate":"2025-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049450","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Entrepreneurship and the gig economy: Evidence from U.S. tax returns 创业和零工经济:来自美国纳税申报表的证据
IF 10.4 1区 经济学
Journal of Financial Economics Pub Date : 2025-09-12 DOI: 10.1016/j.jfineco.2025.104156
Matthew Denes , Spyridon Lagaras , Margarita Tsoutsoura
{"title":"Entrepreneurship and the gig economy: Evidence from U.S. tax returns","authors":"Matthew Denes ,&nbsp;Spyridon Lagaras ,&nbsp;Margarita Tsoutsoura","doi":"10.1016/j.jfineco.2025.104156","DOIUrl":"10.1016/j.jfineco.2025.104156","url":null,"abstract":"<div><div>Platform intermediation of goods and services has considerably transformed the U.S. economy. We use administrative data on U.S. tax returns to study the role of the gig economy on entrepreneurship. We find that gig workers are more likely to become entrepreneurs, particularly those who are lower income, younger, and benefit from flexibility. We track all newly created firms and show that gig workers start firms in similar industries as their gig experience, which are less likely to survive and demonstrate higher performance. Overall, our findings suggest on-the-job learning promotes entrepreneurial entry and shifts the types of firms started by entrepreneurs.</div></div>","PeriodicalId":51346,"journal":{"name":"Journal of Financial Economics","volume":"173 ","pages":"Article 104156"},"PeriodicalIF":10.4,"publicationDate":"2025-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049572","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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