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Author: Yingyi Qian
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We model organization as the command-and-communication network of managers erected on top of technology (which is modeled as a collection of plants). In our framework, the role of a manager is to deal with shocks that af...Read more...
Eric Maskin, Yingyi Qian and Chenggang Xu
October 1997
China's thirteen years of reforms (1979-1991) have achieved an average GNP annual growth rate of 8.6%. What makes China's reforms from those of Eastern Europe and the Soviet Union is the sustained entry and expansion o...Read more...
Yingyi Qian and Chenggang Xu
June 1993
Because of the 'too-early-to know' feature of innovation, the promotion of innovation in a given system critically depends on the screening mechanisms which terminate inefficient projects. Information imperfection togeth...Read more...
November 1992