逆向选择条件下技术许可中非排他性价格契约研究

通过经典的委托代理理论的应用,文章揭示了一类逆向选择条件下的技术许可中非排他性价格契约理论的内在机理。文章认为,通过针对差的类型的技术使用者的包含可变费用的契约和对好的类型的技术使用者的纯固定费用的契约,可以达到有效的排他性技术许可的目的;但为了有效的激励,技术所有者事前要对好的类型的技术使用者转移一定的信息租。     

我国现行粮食价格政策面临的问题与对策研究

我国现行粮食价格政策面临许多问题,应借鉴主要发达国家与地区对粮食价格干预政策的经验,完善粮食最低收购价格与种粮直接补贴政策,增加种粮农民收入,推进粮食产区新农村建设。     

香山静宜园香山寺相地选址及布局 理法浅析

通过文献分析和实地调研，探索北京静宜园香山寺的历史沿革，分析其相地选址、建筑布局理法，并简述其艺术价值。香山寺坐落于“藏风聚气、背风向阳”的西山东坡山腰的脊线之上，在选址方面充分体现“得体合宜”之相地要领，巧妙地利用了自然的有利生态条件，满足了人居环境的基本需求。香山寺内建筑主要沿中轴布置，起承转合，形成颇具特色的“上宫下寺”的结构，错落的佛殿与自然完美融合，在景观营造方面颇具艺术性。     

Playing safe in coordination games:: the roles of risk dominance, payoff dominance, and history of play

This paper presents results from a series of experiments designed to test the impact on subject behavior of changes in the risk dominance and payoff dominance characteristics of two player coordination games. The main finding is that changes in risk dominance significantly affect play of the subjects, whereas changes in the level of payoff dominance do not. Observed history of play also has an important influence on subject behavior, both when subjects are randomly rematched after each game and when they remain matched with the same individual for a sequence of games.     

社会主义新农村建设的由来及其理论框架

社会主义新农村建设是我国经济社会发展的客观需要,体现了城乡统筹发展的战略。它以提高农民收入、改善生产生活条件为核心,以健全村民自治制度为保证,以发展生产夯实农村的物质基础,推动农村精神文明建设、实现农民整体素质的提高。在社会主义新农村建设中,必须坚持市场化、法制化、非农化、民主化,发挥农民的主体地位,力戒形式主义、浮夸攀比之风,循序渐进地推动城乡协调发展。     

论农业保险经营模式的选择--基于防范信息不对称之上的研究

信息不对称问题是阻碍农业保险经营与发展的重要障碍,在纯商业化形式不适用的情况下,单纯的政策性农业保险也难以化解此矛盾."互助合作 联合共保"农险经营模式可以充分发挥农业保险作为一项不可替代的经济补偿制度的作用.     

Integrating design metrics within the early supplier selection process

It has been found from the contemporary research in the fields of supply chain management and concurrent engineering that significant benefits can be achieved if suppliers are involved in product development. However, recent investigations in manufacturing industries have revealed that early supplier involvement in the design process is not widely practiced. One issue is the lack of an appropriate customer–supplier interface to assess the suitability of suppliers with reference to design criteria. This paper proposes a mechanism for evaluating supplier involvement during product development. The assessment tool includes four types of distinctive indices to measure supplier involvement in the design process, namely: Satisfaction Index, Flexibility Index, Risk Index, and Confidence Index. These indices measure the extent to which both the customer requirements and the supplier capabilities match or mismatch and therefore reflect the potential or risk of signing a project contract. The proposed methodology is discussed within a multinational telecommunications company and preliminary analysis indicates that the approach provides an effective mechanism for selecting suppliers involved in the product development process.     

Impatience and equilibrium indeterminacy

This paper extends the neoclassical one-sector optimal growth model by postulating that individual agents’ time preference (impatience) depends on the economy-wide average consumption and average income, which are social factors taken as external by individual agents. The paper shows that with the socially determined individual time preference local equilibrium indeterminacy can arise. Moreover, local indeterminacy can also be associated with global indeterminacy in many cases. The results hold in models with bounded and unbounded growth.     

中国上市公司股权融资偏好与融资成本研究

企业可以通过股权方式或债务方式来筹集资金,这两种融资方式又会引发公司资本结构和资本成本等一系列问题。本文研究了我国上市公司的融资行为和融资成本,结果发现,上市公司普遍存在着“股权融资偏好”,上市公司的真实股权融资成本要远高于债务融资成本,因此,过低的融资成本只是股权融资偏好的表层原因,特殊的股权结构和严重的委托-代理问题才是其内因。     

公司发行可转换债券融资的动机分析

公司使用可转换债券筹集外部资金既是作为普通债券的替代,增加转换特性来降低利息率从而保持现金流量,也是转换条款建立“延迟股权”,通过转换,以高于现行股票的价格出售。本文研究发现,公司发行可转换债券是为了减少由于股东和管理者以及股东和债权人之间冲突所引起的代理成本;为了降低由发行普通债券带来的高额预期财务危机成本和普通股发行中经常出现的严重负面公告效应;以及在投资者和管理者对公司面临的风险认识不同时,使其价值不易受公司风险变化的影响。