Research on Multiprincipals Selecting Effective Agency Mode in the Student Loan System

An effective agency mode is the key to solve incentive problems in Chinese student loan system. Principal-agent frameworks are considered in which two principals share one common agent that is performing one single task but each prefers the different aspect of the task. Three models are built and decision mechanisms are given. The studies show that the three modes have different effects. Exclusive dealing mode is not good for long-term effect because sometimes it guides agent ignoring repayment. If effort proportionality coefficient and observability are both unchanged, principals all prefer common agency, but independent contracting mode may be more efficient in reality because not only the total outputs under that mode are larger than those under cooperation one, but also preferring independent contracting mode can stimulate the bank participating in the game

Convergence analysis of environmental efficiency from the perspective of environmental regulation: evidence from China

The aim of this paper is to analyze the impact of environmental regulation on regional environmental efficiency convergence using the fixed effects model and threshold regression model. The results show that the differences in environmental efficiency have a convergence trend in China, as well as in the eastern, central and western regions. The effect of environmental regulation on regional environmental efficiency is inhibition first and then promotion, research and development investment and outward foreign direct investment have a positive transmission effect; when environmental regulation intensity exceeds a certain threshold, the growth rate of environmental efficiency in the central and western regions will be significantly higher than that in the eastern regions

Does Private Investment Help Improve Natural Resource Utilization Efficiency?

Using panel data from 30 Chinese provinces (excluding Tibet, Hong Kong, Macao, and Taiwan) over the 2006 to 2016 period, this research analyzes the impact of private investment on natural resource utilization efficiency. We find that private investment improves natural resource utilization efficiency both directly and via technological innovation.</jats:p