What drives the dynamics of top wealth inequality? To answer this question, I propose an accounting framework that decomposes growth share aggregate owned by a percentile into three terms: within term, which is average individuals initially in relative to economy; between accounts for entering and exiting due changes their rankings; demography or death population growth. obtain closed‐form expr...

In this paper, we introduce the MSCI China A-shares index (MCASI) and analyze MCASI’s properties. From perspective of investment, found that investor sentiments, both overnight sentiment BW sentiment, provide significant predictability for future MCASI returns, supported by in-sample out-of-sample results. sector show portfolio “information transfer, software information technology services” pe...

4 This study considers the influence of the knowledge of existing mode shares on travelers 5 mode choice. This contrasts with traditional mode choice models, where the main objective 6 is to predict the overall mode shares as the aggregate of individual mode choices according 7 to variables encompassing attributes of the modes, and characteristics of the travelers. In this 8 study, a computer-a...

We investigate the problem of fairly allocating indivisible goods among interested agents using the concept of maximin share. Procaccia and Wang showed that while an allocation that gives every agent at least her maximin share does not necessarily exist, one that gives every agent at least 2/3 of her share always does. In this paper, we consider the more general setting where we allocate the go...

This paper examines whether share repurchase announcements are signals of undervaluation or insiders’ opportunistic activities by investigating insider trading patterns surrounding buyback in Vietnam. Consistent with the opportunism hypothesis, we show that insiders net buyers before but they sell intensively after event. We also find subsequent selling not followed an improvement firms’ operat...