Incomplete privatization of public rental housing in Hong Kong

The delineation of the land occupied by Public Rental Housing (PRH) is a contentious issue in worldwide debates over PRH privatization. Heated arguments hold that governments should retain the occupied land for mitigating inequalities that privatization might provoke. Dual-role policies arise concerning both efficiency and equality. This research seeks to decode actual consequences of such policies based on their implementation in Hong Kong, with a specific focus on the Tenants Purchase Scheme (TPS). Intended to enliven PRH within needy families, the TPS policy instead resulted in dormant resale of privatized PRH with adverse effects on target groups. Hypotheses on how the TPS policy has affected housing resale are developed based on property rights and searching theories and tested against empirical data. This research offers a theoretical basis for exploring solutions to the unanticipated aftermath of Hong Kong’s PRH privatization and provides information for other governments on implications of privatization strategies.     

虚拟组织持续创新:内涵、本质与机理

互联网技术革命及消费者需求的不断更新推动了虚拟组织的诞生与发展,作为新型的价值创造系统,虚拟组织以核心能力为结点,能够集成整合价值链上的优势资源,紧抓市场机遇,持续为客户创造价值。首先,厘清了虚拟组织持续创新的内涵与本质。在此基础上,分别论述了虚拟组织持续创新的4大构件即创新动力、创新过程、学习能力与界面管理,及其之间的交互作用,提出了虚拟组织持续创新的运行机理,旨在深化对虚拟组织持续创新的研究和认识。     

以德报怨策略与企业机会主义行为:基于高新技术企业的研究

基于自我执行协议理论及交易属性,集中探讨企业采取以德报怨策略应对合作者剥削行为的驱动因素以及企业以德报怨策略如何影响合作者机会主义行为。通过对173个中国高新技术企业买方数据问卷调查,采用PLS对假设进行检验。结果显示,交易属性中的交易可观察性是以德报怨策略的前因变量,并且受交易复杂性的影响。同时,以德报怨策略能够减少交易双方的机会主义行为。     

环境不确定下企业孵化网络治理机制对治理绩效影响研究

从企业孵化网络本身以及环境视角分析了企业孵化网络治理绩效的影响因素,通过企业孵化网络治理机制对治理绩效关系的实证分析,验证了环境不确定下企业孵化网络的契约治理机制、管理治理机制对治理绩效的影响。结果表明:企业孵化网络治理机制中的契约治理机制、关系治理机制对治理绩效具有正向调节作用;环境不确定性会扩大或缩小治理机制对治理绩效的作用强度。企业孵化网络在高市场不确定性环境下,采用关系治理机制的绩效较好;在高技术不确定性环境下,采用契约治理机制的绩效较好。     

A two-dimensional problem of revenue maximization

We consider the problem of finding the mechanism that maximizes the revenue of a seller of multiple objects. This problem turns out to be significantly more complex than the case where there is only a single object (which was solved by Myerson, 1981). The analysis is difficult even in the simplest case studied here, where there are two exclusive objects and a single buyer, with valuations uniformly distributed on triangular domains. We show that the optimal mechanisms are piecewise linear with either 2 or 3 pieces, and obtain explicit formulas for most cases of interest.     

The impact of partner diversity within multiparty international joint ventures

Despite the significant role that multiparty international joint ventures (MPIJVs) play within multinational enterprises, we know little about the significant challenges associated with the management of these ventures. Therefore, we combine the Resource-based View of the Firm and Transaction Cost Economics to investigate the effects of the key aspects of partner diversity (i.e., variety, balance, and disparity) on MPIJV dissolution. We test our hypotheses using a dataset of 248 MPIJVs in China. We find empirical support for a U-curve shaped effect of variety and a negative linear effect of balance on MPIJV dissolution.     

递增阶梯定价:一个综述

作为较独特的非线性定价,递增阶梯定价使消费者预算凸边界非光滑,进而导致某些消费者消费决策异度集中而难以甄别。此特征致使递增阶梯定价机制的理论和实证研究非常复杂。鉴于公共资源的特殊性,公共资源定价需要合理地兼顾效率、社会公正和成本完全补偿原则。在多元化目标角度上,本文初步验证了递增阶梯定价机制的最优性,虽然此最优性受制于接入率和特征信息等假定。递增阶梯定价下的需求设定趋于统一但估计方法却趋于复杂化和多样化。关于递增阶梯定价下的(价格和收入)需求效应明显与否的问题存在完全相反的结果,实证研究和理论对其不一致性给出多种解释和探讨。这种差异性可能由于消费者对价格、价格设计者对家庭特征等信息不完全,还可能因为各实证分析结果中的时间、市场或产品特征维度含义差异所致。基于多元化目标和资源特性的递增阶梯定价机制的设计和执行问题,将成为递增阶梯定价理论研究发展的一大方向。     

A寿险公司突破个人营销发展瓶颈的策略

个人营销是A公司寿险营销的主要渠道。但近年来,个人营销发展过程中出现了各种各样的问题,大家对这些问题越来越关注。关心A公司发展的有识之士一致认为,这些问题的出现说明A公司的寿险业务发展已经出现了瓶颈。本文剖析了造成A公司营销发展瓶颈的问题和原因,并在此基础上提出了相应的解决对策。     

城市土地整理的长效运作制度创新

市地整理是对城市原有的土地利用方式的一种改变与提高,从而有助于提升市地的经济自然环境以及景观美感的多目标体系的综合效益.以科学发展观为指导,建立健全科学的市地整理长效运作制度,有利于处理好城市发展与城市用地总量与结构平衡,实现城市土地整理区城内的社会经济协调发展.     

The Coase Theorem Revisited: Implications for Economic Transition

This paper supports the view expressed by other authors that Ronald Coase’s ideas are often misrepresented in the academic world. It restates some of Coase’s main findings with special emphasis on their relevance to processes taking place in Eastern Europe. The goal of this paper is to revisit Coasean theory, to prove that oftentimes it is misrepresented and misinterpreted and to show its relevance to some societies experiencing high transaction costs. The role of the legal system under high transaction costs is stressed in its importance to transitional economies experiencing staggeringly high transaction costs. This paper tries to shed light on the importance of transaction costs in the newly emerging markets and the respective role courts and the government should play in directing economic resources.