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Externalities and Minding Other People’s Business

August 24, 2015 By Brian Viard

When externalities are present, decisions optimal for the person making them are not necessarily optimal for society. So what can be done about them?

Filed Under: All Articles, ExpertSpeak, Invisible Hand Revealed, Know China, Society Tagged With: Brian Viard, externality, Slider

“Beggar Thy (Hotel) Neighbor”: Some Hotels in China are Expanding at Any Cost

September 16, 2013 By Brian Viard

InterContiental, Hotels, Shanghai

How opening new hotels in China could damage the entire industry In late May, InterContinental Hotels Group (IHG) celebrated the opening of the IHG Shanghai Ruijin hotel. However, IHG’s spirits were probably dampened a bit by the bad news it received a week earlier. It was ordered to pay RMB 150 million to real estate […]

Filed Under: All Articles, Economics, ExpertSpeak, Invisible Hand Revealed, Know China, Real Estate Tagged With: externality, Hotel, InterContinental, Invisible Hand Revealed, Shanghai Yaoda

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.


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