Infrastructure provision and international market share rivalry

The paper examines a model of strategic infrastructure investment. Two oligopolistic firms compete on home and foreign product markets for market shares. The national governments support the firms in the market rivalry by providing cost reducing public infrastructure services that are financed out of taxing an input used in the production process. It is shown, that infrastructure policy can be used as an instrument for strategic trade policy. However, governments are facing the problem of balancing the burden of taxation and the benefits of infrastructures. The theoretical model also raises some critical issues with respect to the policy relevance of recent empirical infrastructure research.     

我国经济结构调整对国际收支差额的影响——基于消费、投资与外贸结构的分析

笔者利用SVAR与VEC模型研究发现,通过投资、消费、外贸结构调整对我国国际收支进行调节,在短期与长期存在差异性。短期结构调整的重点应放在提高城镇居民消费占比,适当扩大政府消费占比,有效抑制进出口增长速度等方面;长期调整的重点应集中于有效提高城镇与农村居民的消费占比上。由于我国消费和外贸结构调整对国际收支调节的作用突出,因此,需要通过显著提高居民收入水平,不断增强国内消费需求来改变消费、投资和外贸结构,以促进我国国际收支基本平衡的实现。     

分配理论中的决策均衡

在社会发展的不同历史阶段,人们首先以各种不同的方式维护着社会的稳定与平衡,并且随着科技的不断进步和人类活动范围的扩大,逐步意识到了均衡的一般原理,这些原理对指导分配理论的研究有极重要的意义,克服了传统经济学中的要素理论无法解决的一些问题。     

Organisational regulatory legitimacy,entrepreneurial orientation,and SME innovation: an optimal distinctiveness perspective

The optimal distinctiveness perspective argues that firms face competing pressures to be both ‘like’ and ‘different from’ their peers. On the one hand, institutional scholars assert that firms need to be similar to peers in order to gain legitimacy. On the other hand, strategy scholars insist that firms need to strive to be different to gain competitive advantage. In order to enrich the optimal distinctiveness perspective, the present study builds a conceptual model that addresses the relationships among organisational regulatory legitimacy, entrepreneurial orientation, and SME innovation under the context of China’s transition economy. Our empirical results show that organisational regulatory legitimacy has an inverted-U relationship with SME innovation. Further, entrepreneurial orientation strengthens this inverse-U shaped relationship. That is, entrepreneurial orientation magnifies both the positive and the negative effect of organisational regulatory legitimacy on SME innovation. This study echoes to the call to conduct broader optimal distinctiveness research by integrating institutional theory and strategic management. Furthermore, our findings provide new evidence for the strategic balance perspective of optimal distinctiveness.     

产业异质性、税收激励与自主创新

以2007-2016年中国战略性新兴产业A股上市公司数据为研究样本,从企业研发投入和专利产出两个维度,考察税收优惠政策与企业技术创新之间的关系。结果发现：①税收优惠政策对于企业自主创新具有激励作用,有效促进了企业研发投入和专利产出;②基于企业所属产业异质性视角发现,税收优惠政策对于八大战略性新兴产业企业的创新作用存在显著差异：对于新一代信息技术、高端装备制造业、节能环保等产业研发投入和专利产出具有激励作用,但对新能源产业的创新投入、生物产业和新能源汽车产业的专利产出具有抑制作用。研究结论在一定程度上解释了现有研究关于税收优惠政策“激励效应”和“抑制效应”的争议,也对完善中国创新税收激励制度具有借鉴意义。     

Coordination and learning in games with strategic substitutes and complements

This paper experimentally compares the impact of the presence of strategic substitutes (GSS) and complements (GSC) on players’ ability to successfully play equilibrium strategies. By exploiting a simple property of the ordering on strategy spaces, our design allows us to isolate these effects by avoiding other confounding factors that are present in more complex settings, such as market games. We find that the presence of strategic complementarities significantly improves the rate of Nash play, but that this effect is driven mainly by early rounds of play. This suggests that GSS may be more difficult to learn initially, but that given sufficient time, the theoretically supported globally stable equilibrium offers a good prediction in both settings. We also show that increasing the degree of substitutability or complementarity does not significantly improve the rate of Nash play in either setting, which builds on the findings of previous studies.     

Extensive-form games and strategic complementarities

I prove the subgame-perfect equivalent of the basic result for Nash equilibria in normal-form games of strategic complements: the set of subgame-perfect equilibria is a nonempty, complete lattice—in particular, subgame-perfect Nash equilibria exist. For this purpose I introduce a device that allows the study of the set of subgame-perfect equilibria as the set of fixed points of a correspondence. My results are limited because extensive-form games of strategic complementarities turn out—surprisingly—to be a very restrictive class of games.     

Strategic knowledge sharing in Bayesian games

This paper provides a model for the study of direct, public and strategic knowledge sharing in Bayesian games. We propose an equilibrium concept which takes into account communication possibilities of exogenously certifiable statements and in which beliefs off the equilibrium path are explicitly deduced from consistent possibility correspondences, without making reference to perturbed games. Properties of such an equilibrium and of revised knowledge are examined. In particular, it is shown that our equilibrium is always a sequential equilibrium of the associated extensive form game with communication. Finally, sufficient conditions for the existence of perfectly revealing or non-revealing equilibria are characterized in some classes of games. Several examples and economic applications are investigated.     

村级财务治理新机制:村务(财务)监督委员会及其制度的学理解析——基于浙江武义县后陈村的调查

本文从浙江武义县后陈村财务监督个案出发,以财务学、制度经济学与法学为主要分析工具,对后陈村村务（财务）监督委员会组织及其制度进行学理解析,最终提出一般性结论与建议.     

递延所得税负债及递延所得税资产的确认

新会计准则实行后,所得税差异的处理方法变化较大。文章主要就资产负债表债务法的核心,即递延所得税负债和递延所得税资产的确认和计量进行了探讨。