Indicative bidding: An experimental analysis

Indicative bidding is a practice commonly used in sales of complex and very expensive assets. Theoretical analysis shows that efficient entry is not guaranteed under indicative bidding, since there is no equilibrium in which more qualified bidders are more likely to be selected for the final sale. Furthermore, there exist alternative bid procedures that, in theory at least, guarantee 100% efficiency and higher revenue for the seller. We employ experiments to compare actual performance between indicative bidding and one of these alternative procedures. The data shows that indicative bidding performs as well as the alternative procedure in terms of entry efficiency, while having other characteristics that favor it over the alternative procedure. Our results provide an explanation for the widespread use of indicative bidding despite the potential problem identified in the equilibrium analysis.     

苏里格气田建设中的管理模式创新与技术创新

天然气是"绿色能源",21世纪是天然气能源的世纪。加快我国最大的气田——苏里格气田的勘探开发建设进程,是推动我国天然气工业发展的重要战略举措。在开发建设中,秉持"科技、绿色、和谐"的理念,通过技术与管理创新,形成了12项开发配套技术,探索出了"5 1"合作开发模式,创建了"六统一,三共享"管理机制,并全面推行"标准化设计、模块化建设、数字化管理",最大限度地保护了环境。苏里格气田规模有效开发的配套技术与管理体系,对国内类似油气田的开发建设具有普遍的启示意义。     

论政府对现代物流发展的干预

在指出我国现代物流发展中存在政府职能缺失问题的基础上,结合西方国家政府干预现代物流发展的经验,提出了我国现代物流的发展在建立中国特色的物流管理体制;制定现代物流总体发展规划;营造有利于物流业发展的环境;发挥物流协会等中介组织的作用;推动我国物流业的信息化和标准化等方面需要政府适度有效的干预。     

浅谈如何树立现代企业财务管理的新理念

树立企业的财务管理意识,构建以财务管理为中心的现代企业内部管理新型机制,使企业真正按照“产权清晰、权责明确、政企分开、管理科学”的总体要求健康发展,已成为建立现代企业制度的客观要求。     

Reputational Herding in Financial Markets: A Laboratory Experiment

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat [2008], career concerns are introduced in a sequential asset market where wages for investors are set by subjects in the role of employers. Employers can observe investment behavior, but not investors' ability types. Thereby, reputational incentives may arise endogenously. We find that a sizable fraction of investors follows an established trend even in a setting where there are no reputational incentives. In a setting where there are reputational concerns, they do not seem to create substantial herd behavior.     

浅谈高职会计专业的实践教学

文章通过对目前高职会计专业实践教学的现状和存在的问题予以分析，寻求实践教学的新思路、新模式，探讨如何培养出具有熟练会计核算能力、利用会计资料和会计软件进行会计监督、参与企业经营管理预测和决策能力的技术型会计人才。     

Altruism, equity, and reciprocity in a gift-exchange experiment: an encompassing approach

Considerable experimental evidence suggests that non-pecuniary motives must be addressed when modeling behavior in economic contexts. Recent theories of non-pecuniary motives can be classified as altruism-, equity-, or reciprocity-based. We outline the qualitative differences in prediction these alternative explanations yield in a gift-exchange game. We estimate and compare leading approaches in these categories, using experimental data. We then offer a flexible approach that nests the above three approaches, thereby allowing for nested hypothesis testing and for determining the relative strength of each of the competing theories. In addition, the encompassing approach provides a functional form for utility in different settings without the restrictive nature of the approaches nested within it. Using this flexible form for nested tests, we find that intentional reciprocity, distributive concerns, and altruistic considerations all play a significant role in players' decisions.     

创建“大鹏国家级生态共生区”的探讨

珠江三角洲地区是中国改革开放以来经济发展最快的地区之一。伴随经济的发展,其资源存量和环境质量目前面临较大的生态安全风险。本研究以深圳大鹏地区为核心,聚焦深圳、香港、惠州在内的珠江三角洲东部区域生态系统,研究该区域社会、政治、经济、自然资源与环境的广义生态系统的演变,提出创建"大鹏国家级生态共生区"的建议,并分析了其现有基础条件,探讨了创建大鹏生态区需关注的重点领域。该建议以建设资源节约型和环境友好型社会为目标,通过建立一个社会、经济、自然资源可持续发展的广义生态系统的示范,探索经济与资源和生态环境系统和谐统一的发展模式。大鹏生态区的建立,对该地区加强城市环境危机管理和维护其生态系统稳定、安全将起到积极推动作用,并从生态角度提供城市区域发展的创新型模式。     

Price-Matching Guarantees and Equilibrium Selection in a Homogenous Product Market: An Experimental Study

Price-matching guarantees have been alleged to sustain collusive prices in a homogenous product market. Theories in this literature also suggest that there exist multiple equilibria (i.e., a set of price equilibria between the competitive and the monopoly price) when all sellers adopt these guarantees in such a market. Theoretical prediction in this case fails to pin down the actual behavior of players a priori. This paper illustrates the essential role of controlled experiment in testing the collusive theory of price-matching guarantees and thereby shedding light on the embedded equilibrium selection problem. In particular, this paper studies two highly stylized market models, obtains testable predictions, and lays out the design of the controlled experiment. Results indicate that these guarantees facilitate collusion among sellers and thus solve the equilibrium selection problem considerably. I am grateful to Jim Cox, Martin Dufwenberg, Haimanti Bhattacharya, and the editor of this journal and the two referees for their suggestions. I thank seminar participants at the University of Arizona and North American Economic Science Association meeting at Tucson, 2003 for their helpful comments. A research grant from ESL, University of Arizona, for this project is gratefully acknowledged. I am solely responsible for any remaining errors and omissions.     

关于现代经济学的几个误读

对现代经济学的阐释中学界普遍存在着以下误读:(1)把市场经济的本质归结为"自由"和"平等",或仅仅是"资源优化配置".遗憾的是,这种脆弱到只敢"说物"而羞于"见人"的市场经济在现实中并不存在.(2)某些主流经济学家在失业问题上的全部智慧,就是终于发现了失业的"深层次"原因在于"都是计划经济惹的祸".市场经济生的病,却要计划经济吃药.这种做法显然连现代经济学的初级水平都不及格.(3)面对两极分化愈演愈烈的态势,现代经济学把分配关系与生产关系完全割裂开来,根本就不承认今日的收入分配问题与市场经济的内在联系.这就使得现代经济学的解释力大打折扣.(4)在今天的经济学界,现代经济学已然被认定为"唯一科学的"经济学.这个"认定"其实是很可疑的,因为经济学不仅过去是而且现在仍然是"一门历史的科学".