从金融危机看宏观型对冲基金的本质

国际资本自由流动是宏观型对冲基金的温床。尽管国际上受美金融危机发生的具体原因千差万别,但共同的特点是有意、无意地扩大宏观经济基本面的失衡,然后借助金融市场的瞬间强制调整,获取巨额利润。宏观型对冲基金作为盈利组织无可厚非,关键是要避免宏观经济的严重失衡。     

北大:请不要轻易改变自己

北大之所以为北大,正是因为老校长蔡元培当年倡导的"兼容并包、思想自由"的办学方针,至今还被称作北大精神的一部分,追求"自由民主"也一直为老北大人所津津乐道.大学精神寓于大学自治、学术自由的传统之中,保持"独立之思想,自由之精神."拥有绝对的理想主义色彩,一定程度上超越世俗社会,实现真正的学术自由,完成独立地位的回归.     

GLOBALISATION: PAST AND PRESENT

This article compares and contrasts the two modern eras of globalisation, namely the one that started in the mid-nineteenth century and ended on the eve of World War I, and the contemporary era. Although in both periods globalisation brought down national barriers and integrated economies and societies, there were distinct characteristic features of both periods. For example, the scale of global integration through trade and financial channels during the contemporary era was unmatched by the previous phase of globalisation. Furthermore, never in history had global integration involved so many countries and people, both in absolute numbers and as a percentage of the global population.     

Performance of French intensive care units: A directional distance function approach at the patient level

By using a novel adaptation of the free-disposable hull analysis of productivity, we assess the medical and technical efficiency of patient care in 25 Parisian intensive care units (ICUs) during 2000. The robust free disposable hull (RFDH) as defined by [Cazals et al., 2002. Nonparametric frontier estimation: a robust approach. Journal of Econometrics 106, 1–25] reduces the impact outliers may have on findings by employing Monte-Carlo techniques and repeated sample selection. Among our key findings, there was no overall significant correlation between medical and technical efficiencies for all the ICUs, therefore performing well in one does not guarantee good performance in the other. We also found that over 80% of inefficiency is concentrated in less than 20% of the sampled patients.     

城市免费开放景区的规划与管理

城市景区免费开放为公民休闲拓展了更为广阔的平台,进一步促进了休闲的发展,同时,休闲活动也推动了景区旅游规划与管理模式的演进.当前,城市免费开放景区应展现其社会公益性,加强休闲情境塑造,注重资源节约与环境保护,体现景区与社会整体的和谐.     

Strategic factor markets,scale free resources,and economic performance: The impact of product market rivalry

This paper analyzes how scale free resources, which can be acquired by multiple firms simultaneously and deployed against one another in product market competition, will be priced in strategic factor markets, and what the consequences are for the acquiring firms' performance. Based on a game‐theoretic model, it shows how the impact of strategic factor markets on economic profits is influenced by product market rivalry, preexisting competitive (dis)advantages, and the interaction of acquired resources with those preexisting asymmetries. New insights include the result that resource suppliers will aim at (and largely succeed in) setting resource prices so that the acquiring firms earn negative strategic factor market profits—sacrificing some of their preexisting market power rents—by acquiring resources that they know to be overpriced. Copyright © 2014 John Wiley & Sons, Ltd.     

Unlikely Pivotal States in Competitive Free Trade Agreement Diffusion: The Effect of Japan's Trans-Pacific Partnership Participation on Asia-Pacific Regional Integration

How can a state with dysfunctional trade politics spur the negotiation of major free trade agreements (FTAs)? Using the case of Japan's participation in the trans-Pacific Partnership (TPP), we develop an analytical framework on FTA diffusion that takes into account multidimensional (economic, legal and political) competitive pressures, and the ability of states to act as pivots in triggering FTA cascades. We disaggregate the makeup of a pivotal state into two main components – capability and credibility – and underscore Japan's significant latent capabilities, but also its serious credibility shortcomings. The TPP's boost to Japan's credibility raised the possibility of significant economic, legal and political externalities for specific countries which responded by accelerating FTA initiatives that had long stalled: the trilateral China–Japan–Korea FTA, a 16-state East Asian FTA and the Japan–European Union trade negotiations. This study extends the theoretical frontier in policy diffusion studies by clarifying the combination of factors that allows some states, but not others, to activate the externalities behind the dissemination of defensive FTAs.     

商业秘密保护若干问题分析--以中青旅与中国旅案为例

在市场竞争中,商业秘密作为一项无体信息为企业发展增添了很多优势。但商业秘密侵权中,对于商业秘密的认定、举证责任的分配,以及侵权损害赔偿额的认定等却愈来愈模糊,《反不正当竞争法》在对商业秘密的保护上问题也是日趋增多。因此,我国需要在个案中减轻权利人的举证责任,引入权利人对于损害赔偿的自由选择权,增加惩罚性赔偿制度。     

浅谈煤矿热交换站循环泵的选型

热交换站中的循环泵是整个采暖系统的核心设备,动力之源,重要性如同一个人的心脏,它的选型正确与否,直接关乎整个采暖系统的运转。本文对作者接触到的几个新建、改建的煤矿热交换站在循环泵选型上存在的误区进行分析,指出解决问题的对策。