American Journal of Economics and Sociology最新文献_第5页

The Optimal Risk Choice of Cooperative and Noncooperative R&D With Cross-Ownership 交叉所有制下合作与非合作研发的最优风险选择

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-08-12 DOI: 10.1111/ajes.70007

Dongdong Li, Feiran Xu, Chenxuan Shang

{"title":"The Optimal Risk Choice of Cooperative and Noncooperative R&D With Cross-Ownership","authors":"Dongdong Li, Feiran Xu, Chenxuan Shang","doi":"10.1111/ajes.70007","DOIUrl":"https://doi.org/10.1111/ajes.70007","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper develops a duopoly model to examine firms' optimal R&D risk choices under cooperative and non-cooperative R&D with cross-ownership. We find that firms adopt higher R&D risks in cooperative settings than in non-cooperative ones. Moreover, equilibrium R&D risks increase with cross-ownership, and a firm assumes higher risk when it holds a smaller equity stake in its competitor. Our results also reveal that the socially optimal R&D risk exceeds the private optimum. Under cooperative R&D, this risk gap widens as cross-ownership rises, whereas in non-cooperative R&D, its trend depends on product substitutability. Extending the model to unilateral ownership, we show that the firm partially owned by its competitor takes on higher R&D risk than the owning firm, though both assume lower risk compared to cross-ownership. Finally, we demonstrate that R&D risk is higher under Bertrand competition than under Cournot competition. This study contributes to the literature by highlighting the role of ownership structure in shaping firms' risk-taking behaviors in R&D and offering new insights into the trade-off between cooperation and competition in innovation.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"149-162"},"PeriodicalIF":1.0,"publicationDate":"2025-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145931183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

The Dynamics of European Economic Systems Amid the Russia–Ukraine Conflict: A Cybernetics Approach 俄罗斯-乌克兰冲突中欧洲经济系统的动态：控制论方法

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-08-03 DOI: 10.1111/ajes.70006

Ionuț Nica, Nora Chiriță, Ștefan Cioaric, Silviu Chihai

{"title":"The Dynamics of European Economic Systems Amid the Russia–Ukraine Conflict: A Cybernetics Approach","authors":"Ionuț Nica, Nora Chiriță, Ștefan Cioaric, Silviu Chihai","doi":"10.1111/ajes.70006","DOIUrl":"https://doi.org/10.1111/ajes.70006","url":null,"abstract":"<p>This study analyzes the dynamics of European economic systems in the context of the Russia–Ukraine conflict, employing a cybernetics approach and advanced econometric models. Based on the premise that national economies operate as complex adaptive systems, the study investigates the impact of geopolitical shocks on macroeconomic equilibrium, resilience, and self-regulation. The methodology integrates panel ARDL models, quantile regressions, and panel Granger causality tests, applied to a sample of nine European countries over the period 1999–2023. The results reveal a heterogeneous impact of the conflict, shaped by the economic development level, trade openness, and the specific structure of each economy. The effects are statistically significant both in the short run and long run, while quantile models indicate higher vulnerability among countries with higher GDP levels. The integration of a qualitative component, social media sentiment analysis, adds interpretative depth by uncovering polarized public perceptions and pronounced behavioral responses. The findings highlight the relevance of a cybernetics perspective in understanding how European economic systems respond to overlapping crises, offering a comprehensive framework for adaptive and differentiated economic policymaking. These results further highlight that economic resilience depends not only on structural factors but also on geopolitical positioning and institutional adaptability, underlining the need for policies tailored to national specificities and each country's role within the European systemic network.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"129-148"},"PeriodicalIF":1.0,"publicationDate":"2025-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajes.70006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145930901","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How Does Market Demand Incentivize Green Innovation in Resource-Based Industries? Evidence From China 市场需求如何激励资源型产业的绿色创新？来自中国的证据

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-07-30 DOI: 10.1111/ajes.70005

Feng Peng, Mengke Hu

{"title":"How Does Market Demand Incentivize Green Innovation in Resource-Based Industries? Evidence From China","authors":"Feng Peng, Mengke Hu","doi":"10.1111/ajes.70005","DOIUrl":"https://doi.org/10.1111/ajes.70005","url":null,"abstract":"<div>\u0000 \u0000 <p>Promoting green innovation in resource-based industries is crucial for sustainable socio-economic development. However, existing research has yet to fully elucidate the mechanisms through which market demand incentivizes green innovation within China's resource-based industries. Grounded in the Resource-Based View and Stakeholder Theory, this study constructs a systematic framework for analyzing the antecedents of green innovation in resource-based industries. This paper examines how market demand incentivizes green innovation in China's resource-based industries from a configurational perspective, by integrating three methodologies: Network DEA, NCA, and QCA. The findings reveal that market demand is a key determinant of green innovation in China's resource-based industries. However, high market demand alone is insufficient for these industries to achieve high green innovation. To exert a synergistic effect, market demand must be configured in combination with other antecedent conditions. The analysis identifies three distinct configurational paths leading to high green innovation within resource-based industries. Conversely, two configurational paths result in non-high green innovation. Critically, the absence of market demand emerges as a critical prerequisite for low green innovation in resource-based industries. This research provides a theoretical framework for clarifying the mechanism by which market demand influences green innovation in resource-based industries. Furthermore, it offers a decision-making basis for diverse subsectors within these industries to achieve green innovation.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"113-127"},"PeriodicalIF":1.0,"publicationDate":"2025-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145930827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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 Strengthening the Rule of Law Foster Trade Openness in the Organization for Security and Co-Operation in Europe and Other European Countries? 加强法治能促进欧洲安全与合作组织和其他欧洲国家的贸易开放吗？

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-07-22 DOI: 10.1111/ajes.70002

Kateryna Komissaryuk, Hasan Güngör

{"title":"Does Strengthening the Rule of Law Foster Trade Openness in the Organization for Security and Co-Operation in Europe and Other European Countries?","authors":"Kateryna Komissaryuk, Hasan Güngör","doi":"10.1111/ajes.70002","DOIUrl":"https://doi.org/10.1111/ajes.70002","url":null,"abstract":"<div>\u0000 \u0000 <p>Transparent, stable, and open trade policies are essential for fostering economic growth, resilience, and addressing critical global issues such as climate change, food security, and underdevelopment. This study examines the impact of the rule of law, financial inclusion, economic growth, and inflation on trade within the Organization for Security and Co-operation in Europe and European countries. The results show that a strong positive relationship between the rule of law and trade in both groups of countries is maintained across nearly all quantiles. Additionally, economic growth has a consistently positive association with trade in both regions. However, financial inclusion negatively affects trade from the second to the sixth quantiles according to the Method of Moments Quantile Regression econometric method. Inflation, on the other hand, does not exhibit a significant relationship with trade. Consequently, both the Organization for Security and Co-operation in Europe and European countries should make the rule of law, economic growth, and financial inclusion focal points of their trade policies. This study provides important insights that can inform policy decisions in these regions.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"83-95"},"PeriodicalIF":1.0,"publicationDate":"2025-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145930960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Strategic Environmental R&D Cooperation Under Managerial Delegation Contracts: Sales Delegation Versus Environmental Delegation 管理委托合同下的战略环境研发合作：销售委托与环境委托

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-07-22 DOI: 10.1111/ajes.70004

Dongdong Li, Xinyue Fu, Zhaoxin Qi

{"title":"Strategic Environmental R&D Cooperation Under Managerial Delegation Contracts: Sales Delegation Versus Environmental Delegation","authors":"Dongdong Li, Xinyue Fu, Zhaoxin Qi","doi":"10.1111/ajes.70004","DOIUrl":"https://doi.org/10.1111/ajes.70004","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper develops a duopoly model to examine firms' environmental R&D cooperation strategy under managerial delegation, where firms can choose between sales or environmental delegation. The results show that under sales delegation, firms choose non-cooperative environmental R&D when the efficiency of environmental R&D is low; otherwise, cooperative environmental R&D occurs. Under environmental delegation, firms choose non-cooperative environmental R&D when the degree of technology spillover is relatively high and the efficiency of environmental R&D is relatively low, whereas cooperative environmental R&D is optimal when the efficiency of environmental R&D is relatively high. We also find that regardless of the environmental R&D cooperation strategy, sales delegation leads to higher social welfare compared to environmental delegation. Moreover, we show that both symmetric and asymmetric sales (environmental) delegation can be an equilibrium in an endogenous delegation choice game, depending on the technology spillover effect and the efficiency of environmental R&D. Finally, we extend the model to examine the robustness of the baseline results.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"97-111"},"PeriodicalIF":1.0,"publicationDate":"2025-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145930961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

Nonlinear Effects of Trade Integration on Foreign Direct Investment in Sub-Saharan Africa 撒哈拉以南非洲地区贸易一体化对外国直接投资的非线性影响

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-07-07 DOI: 10.1111/ajes.70003

Kolo Nebie, Idrissa Ouedraogo, Relwendé Sawadogo

引用次数: 0

Configurations for High-Quality Environmental Disclosure in China's Dual Carbon Era 中国双碳时代高质量环境信息披露的配置

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-06-17 DOI: 10.1111/ajes.70001

Puxuan Wang, Shuangjin Wang, Maggie Foley, Fangming Lin

{"title":"Configurations for High-Quality Environmental Disclosure in China's Dual Carbon Era","authors":"Puxuan Wang, Shuangjin Wang, Maggie Foley, Fangming Lin","doi":"10.1111/ajes.70001","DOIUrl":"https://doi.org/10.1111/ajes.70001","url":null,"abstract":"<div>\u0000 \u0000 <p>Amid growing global commitments to carbon neutrality and sustainable development, heavy-polluting enterprises worldwide are undergoing a critical transition toward low-carbon operations, highlighting the essential role of environmental information disclosure systems in monitoring and guiding corporate environmental performance. This study investigates how environmental regulation, market development, and corporate governance structures interact to shape EID quality among listed chemical and pharmaceutical enterprises in Shanghai, Shenzhen, and Beijing Stock Exchanges. Drawing from institutional and configurational theories, we construct an analytical framework “Environmental Regulation–Market Cultivation–Governance Structure” and apply fuzzy-set qualitative comparative analysis (fsQCA) and Necessary Condition Analysis (NCA) to assess causal complexity. Our findings identify multiple configurations through which state-owned and private enterprises achieve high EID performance, including patterns driven by strong certification, profitability, and ownership structure. These results illustrate how governance models reflect deeper institutional tensions between state intervention, market evolution, and corporate autonomy. By advancing a multipath understanding of environmental governance, the study contributes to ongoing debates about climate accountability, regulatory legitimacy, and the political economy of sustainability in emerging economies. Policy implications highlight the need for differentiated, equity-sensitive governance reforms.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"49-62"},"PeriodicalIF":1.0,"publicationDate":"2025-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145931058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

The Collective Action Problems of Historic Designation: A Complexity Index for One Hundred Cities in the United States 历史指定的集体行动问题：美国100个城市的复杂性指数

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-06-16 DOI: 10.1111/ajes.70000

Jordan Lopez, Yang Zhou, Joshua C. Hall

引用次数: 0

Overall Group and Elite Core Contributions to Scientific Worth: Ranking Economics Departments in the U.S. South 总体群体和精英对科学价值的核心贡献：美国南部经济院系排名

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-06-11 DOI: 10.1111/ajes.12644

Franklin G. Mixon Jr., Kamal P. Upadhyaya

{"title":"Overall Group and Elite Core Contributions to Scientific Worth: Ranking Economics Departments in the U.S. South","authors":"Franklin G. Mixon Jr., Kamal P. Upadhyaya","doi":"10.1111/ajes.12644","DOIUrl":"https://doi.org/10.1111/ajes.12644","url":null,"abstract":"<div>\u0000 \u0000 <p>Dating back to at least 1975, several academic studies have produced a ranking of economics departments (faculties) in the U.S. South. In revisiting this genre of the literature, this study builds upon prior work by (1) including all of the <i>U.S. News & World Report</i>-classified national universities and colleges located in the U.S. South, which is a list that has grown considerably in recent years, and (2) examining citations to economists' prior work rather than publications and page counts, which have been used by most prior studies. Following rational choice research on reputation and group identity, this study employs a quality metric that accounts for the efforts of all a department's faculty. Based on research from organizational behavior emphasizing the importance of top performers in an organization, this study also employs a separate quality metric that accounts for the efforts of an elite core of a department's faculty. Using the former metric, the University of Maryland prevails. When relying on the latter metric, Duke University earns the top-ranked position.</p>\u0000 </div>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"25-32"},"PeriodicalIF":1.0,"publicationDate":"2025-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145915994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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

But Who Are the Victims? Reassessing the 568 Higher Education Cartel 但谁是受害者？重新评估568高等教育联盟

IF 1 4区经济学

American Journal of Economics and Sociology Pub Date : 2025-06-08 DOI: 10.1111/ajes.12640

James V. Koch

{"title":"But Who Are the Victims? Reassessing the 568 Higher Education Cartel","authors":"James V. Koch","doi":"10.1111/ajes.12640","DOIUrl":"https://doi.org/10.1111/ajes.12640","url":null,"abstract":"<p>Thirty prestigious independent American institutions of higher education were at some time members of the 568 higher education group (often labeled a cartel). Seventeen of them were sued by the U.S. Government and representative students who alleged that their meetings and deliberations resulted in collusion that caused students to pay higher prices. Twelve of the seventeen institutions subsequently settled their cases and by 2024 collectively had paid $284 million to do so. However, an inspection of these institutions' pricing reveals that the median 568 Group institution lowered its average real net annual cost to its undergraduate students by 19.07% between 2009 and 2022. Further, this reduction was 1.70 times larger than the average real price reduction granted during the same period by the median institution among a sample of 475 other accredited, non-profit, independent four-year institutions and 11.63 times larger than the median price reduction granted by 78 public flagship state universities. The 568 group's real price reductions stretched across every one of the five household income categories commonly used by the Government. Thus, there is little empirical support for the allegations that the Government has levied against the representative 568 group institution, and thus multiple members of this group appear to have paid unmerited fines to the Government to settle claims against them.</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"85 1","pages":"13-23"},"PeriodicalIF":1.0,"publicationDate":"2025-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ajes.12640","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145931034","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0