COMPETITIVENESS AND STABILITY OF COLLUSIVE BEHAVIOR

We investigate the relationship between the degree of competition and the stability of collusive behaviour, by introducing the element of relative performance in the objective functions of the firms. We show that an increase in the degree of competition destabilizes the collusion. This relation differs starkly in the standard symmetric Cournot and Bertrand duopoly models, with the former being more unstable than the latter.     

绥芬河市新华街隧道围岩稳定分析

绥芬河市新华街隧道是目前黑龙江省最长的公路隧道,该隧道东起新华街,西至301国道,其最大埋深为101.1m,由于隧道穿越区域地质条件复杂,地应力较高,因此在前期施工过程中,已经出现了局部掉块现象。为了避免隧道在施工与运营期内出现大面积垮塌情况,本文对隧道的稳定性进行了分析评价,该隧道出现岩爆的可能极小,但是洞室围岩有塑性破坏的可能,为了防止由于塑性破坏诱发的塌落现象,建议采用4~5m的系统锚杆进行支护。     

基于数学期望的采购风险管理决策分析

风险决策中的期望值法是处理风险决策问题的常用方法。借助于期望值法,结合某企业的案例数据,对如何实现物流采购的最优化进行风险决策分析,并对最优方案进行了稳定性分析。     

高层结构施工应注意的几个问题

针对铜陵地区特殊的地质条件,文章就高层建筑地下室地基土方施工应注意的问题,以及本地区高层建筑施工中混凝土施工缝留设、地下室混凝土壁板抗渗、钢筋施工、混凝土界面处理等方面常见的问题及处理措施进行了分析。     

Stability of international stock market relationships across month of the year and different holding intervals

Potential benefits from international diversification depend upon the stability in stock market relationships. Using monthly data of 11 international stock markets, this paper examines the stability in stock market relationships across month of the year and across different holding intervals. Empirical results show that the correlation structure is more stable than the covariance structure. While empirical evidence supports the hypothesis that the correlation structure is very stable across different holding intervals, the empirical support for the stability in correlation structure across month of the year is much weaker.     

China's macroeconomic stability – an empirical study based on survey data

A complete financial stability analysis should include investigation on macroeconomic stability since macroeconomic development and potential imbalance can increase the financial instability and trigger a financial crisis. Survey data of rating on China's macroeconomic stability is analyzed by estimating an ordered logit model with random effect. Among the candidate macroeconomic indicators, we found that inflation is the key variable that determines China's macroeconomic stability, followed by the change in budget balance and GDP growth gap.     

板体地基稳定和高真空击密技术在曹妃甸工业区吹填砂路基处理中的应用比较

板体地基稳定和高真空击密技术是改善地基土质应力和承载力的新型方法,文章通过对曹妃甸工业区吹填砂路基进行处理的工程实例,对此2种处理方法的适用范围、处理效果进行了应用比较。     

The Output Effect of a Transition to Price Stability When Velocity Is Time Varying

This paper explores the effect of time‐varying velocity on output responses to policies for reducing/stopping inflation. We study a dynamic general equilibrium model with sticky prices in which we introduce time‐varying velocity. Specifically, we endogenize time‐varying velocity into the model developed by Ireland (1997) for analyzing optimal disinflation. The nonlinear solution method reveals that, depending on velocity, the “disinflationary boom” found by Ball (1994) may disappear even under perfect credibility and that early output losses may be much larger than previously thought. Indeed, we find that a gradual disinflation from a low inflation may even be undesirable.     

Measuring market distortion: international comparisons,policy and competitiveness

This paper develops a framework to simultaneously estimate production possibility frontiers and measure distortions in factor and product markets. The econometric results, based on a panel of 61 countries over the period 1970 through 1985, reveal very little distortion in factor markets but considerable distortion in product markets. In addition, the distortions tend to vary with the cyclical behaviour of economic activity. Further, the results suggest that in order to improve efficiency, commercial policy should aim at reducing product-market distortions rather than factor-market ones.     

Teaching Third-Degree Price Discrimination

Abstract: Third-degree price discrimination is taught in almost every intermediate microeconomics class. The theory, geometry, and the algebra behind the concept are simple, and the phenomenon is commonly associated with the sale of many of the goods and services used frequently by students. Classroom discussion is usually vibrant as students can relate their experiences of being on the receiving end of third-degree price discrimination, usually to their advantage. However, the precision of the language used in the exposition of the theory in textbooks is generally less precise than one would hope for, leading students to confuse slope and elasticity. The authors ask textbook writers to provide greater precision in their explanation of why differing elasticities are associated with the prices paid by two (or more) distinct groups of buyers facing third-degree price discrimination.