关于新贸易理论与制度创新的思考

新贸易理论是在假定各国的市场制度基本健全的前提下，从市场运行的角度考察国际经济和贸易，所以造成其解释力有一定的缺乏；而制度创新理论可能对新贸易理论给出一些互补性思路。     

西方现代股利政策理论及实证研究回顾

本文对西方现代公司股利政策方面的理论和实证研究进行了一个综合性的回顾和分析。其中包括主流的股利行为模型、股利的信息内涵、代理成本、追随者效应,也包括国内研究中较少涉及的债务约束、声誉学说、成长机会和交易成本问题,以期对国内相对落后的股利政策研究和随意性较强的股利政策制定带来一定的借鉴意义。     

Uncertainty in the Austrian Theory of Capital

This paper is based on the traditional Austrian Theory of Capital which deals with expected values of future returns of investments over various periods of time. The longer the time period that elapses between the beginning of a production process and its end, the higher the (expected) productivity must be due to positive time preferences of individuals. This paper focuses on the uncertainty of future returns and on uncertainty preferences, instead. Based on the Hayekian idea of the dispersion of knowledge in society, it will be shown that there is a systematic relationship between the structure of capital and uncertainty. This result will be derived for a production process characterized by complete vertical integration and one which is not completely vertically integrated. The distinction between these two settings is crucial, if one accepts the distinction between an individual and a social period of production and the planning horizon which are introduced in this paper.     

Whose Capital is It? Putting Owners Back in Control

John Bogle, founder of The Vanguard Group, looks at corporate governance issues. JEL Classification G3     

从博弈论看商务谈判僵局的本质和处理

商务谈判中的僵局是谈判双方都不愿看到但又不得不面对的难题。只有了解了商务谈判僵局产生的本质才能够更好地处理好谈判中的僵局。从博弈论的角度,对商务谈判僵局的本质进行了分析,指出在挖掘共同利益的过程中既可以寻求到瓜分共同利益的有效途径,又可寻找到共同利益与个体利益实现的最佳结合点。     

Goals versus institutions: the development of performance measurement in the Swedish university sector

This paper contrasts goal-directed and institutional approaches to the development of performance measurement (PM) in the Swedish university sector, which has been subject to increasing emphasis on management by objectives since the early 1990s. We adopt a macro perspective, focusing on recent changes in PM related to governmental control of universities and colleges and combine an extensive review of archival data with interviews in our empirical analysis. It is concluded that although the goal-directed model cannot be completely rejected as a heuristic informing recent changes in PM, a process-orientated institutional perspective considerably enriches the analysis by making it less static and more contextually informed. In particular, the latter perspective better explains the evolution of loose couplings between formally stated goals and performance indicators and between different systems for PM by directing attention to the complex interplay between conflicting constituent interests in the evolution of resource and cost allocation practices and quality control procedures. However, our empirical analysis also leads us to reconsider the conceptions of loose coupling as either a “given” feature of institutionalised organizations or an outcome of more pro-active resistance at the micro level prevailing in much earlier work in institutional theory.     

Problem shifts and market research: The role of networks in business relationships

This article discusses changes in approach to the study of business relationships, and sees the paradigm concept as constituting an inadequate basis for describing gradually evolving changes in the perception of business. The frequent references to paradigms appear to focus more on state aspects than on change aspects of theory building. The article attempts to trace some of the changes in the perception of markets preceding the emergence of network theories, and relates the presence of an interactional approach to business studies to the concept of problem shifts (Lakatos). The development of interactional approaches in marketing is seen as representing a shift away from theory building commonly found in economics and organizational theory. Changes in the approach to the study of business relationships are interpreted as theoretical or empirical problem shifts, and are thus related to the a priori and a posteriori relevance of the continual evolution of alternative business theories. The article explores some of the epistemological relevance of the network theories to the study of market relationships, and the potential impact on continual changes in approach to the study of markets.     

汇率决定理论的发展与前沿述评

汇率决定问题是国际金融领域的一个重要命题,其间得到不断地丰富和发展。本文对汇率决定理论的发展脉络、内容、前沿作系统性地概述,并作出精要地评判。文章指出汇率行为的复杂性将是汇率决定理论研究的一个方向,非线性分析工具将成为汇率行为研究的主要手段。     

马克思如何实现对黑格尔辩证法的改造

马克思是如何实现对黑格尔辩证法的唯物主义改造的呢?马克思反复强调,黑格尔哲学是一种“头足倒置”的哲学,通过推敲黑格尔和马克思的辩证法思想,本文认为马克思实现对黑格尔辩证法的改造,至少经过了三个倒置:倒置了黑格尔辩证法辩证发展的主体;倒置了黑格尔辩证法辩证发展的中介;倒置了黑格尔辩证法辩证发展的理论结构。     

房地产业中政府与开发商的博弈分析

房地产业中政府与房地产开发商之间的关系既是行业主体关注的重点,也是国家如何加快房地产业发展步伐的核心问题。近年来,国内外专家研究房地产行业开发商与政府的行为的很多,但大多仅停留在对现象的描述,不够全面。本文以博弈论及信息经济学理论为依据,分析了房地产业开发商与政府的利益博弈,建立了存在政府监管情况下开发商行为选择的“监管博弈”模型,并且求解出纳什均衡解。在此基础上,给出了应对房地产市场各种情况的治理对策,以实现加快城市建设步伐、保证社会经济的协调、健康和长远发展。