|  | 
	
		| Heng  Xu | 
	
		| China University of Political Science and Law | 
	
		|  | 
	
		| Room C-870, Loeb Building | 
	
		| Carleton University 1125 Colonel By Drive, | 
	
		|  | 
	
		| Ottawa, Ontario K1S 5B6 | 
	
		| Canada | 
	
		|  | 
	
		| hengxu@cmail.carleton.ca | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		|  | 
	
		| JEL Areas: L : Industrial Organization
 M2 : Business Economics: General
 |