Response to Buchanan

During the 1930s and early 1940s, the problems of economic dirigisme and its theoretical analysis attracted the attention of Bulgarian economists. To some extent, it was compensation for the fact that they missed the socialist calculation debate of the interwar period. Their analyses were placed within the framework of a demand and supply core, combined with various other theoretical approaches. The Bulgarian academic economists identified a number of problems associated with the long-term functioning of the regulated economy: impossibility of the state apparatus to control spontaneous market forces by means of governmental regulation, inherent administrative constraints for government and public officials to introduce and control strict and conscientious implementation of all the laws and normative acts of the system of economic dirigisme, etcetera. A new theory of international trade was developed, the author of which attempted to break away from the old-fashioned labor theory of value. The main content of his concept lies in the claim that protectionism, in certain cases, may have positive economic consequences.     

Response to Shuklian

The Alaska Gasline Inducement Act (AGIA) was enacted by the State of Alaska in 2007 in an attempt to progress the construction of a natural gas pipeline from the Alaska North Slope to North American markets. The Act conveys monetary inducements from the state to the exclusive licensee in exchange for certain performance requirements. The financing of any pipeline requires the contractual commitment from the shippers (producers) to pay to ship the gas over an extended period of time. However, many of the performance requirements of AGIA are antithetical to the commercial interests of the shippers. A flawed financial analysis of the project by the administration overstated the economic vitality of the project, and hence understated the severity of the commercial issues. Consequently, the prospects for success in getting a pipeline constructed appear doubtful.     

Response to De Vroey

Abstract

This paper is a response to Michel De Vroey's review of our book, published in this issue of EJHET. Differently from De Vroey's, our aim is to understand the theoretical choices with which economists believed they were confronted at the time. This is reflected in the organisation of our book, the selection of topics (disequilibrium, imperfect competition, etc.), and the conclusions about the fate of disequilibrium macroeconomics.     

证券价格的事件性反应——方法、背景和基于中国证券市场的应用

本文对事件研究法在证券市场上的应用进行了综合讨论 ,采用模拟抽样的方法对广泛采用的 3种基本模型结合中国证券的交易数据进行了经验比较 ,结果显示了市场模型的局限性以及均值调整模型在中国市场上的某些优势。     

票据信用缺失的法律对策

伴随着我国从计划经济走向市场经济,票据又重新发挥效能,并起着重要的作用。可是由于各种原因,中国社会出现了普遍的信用缺失现象,并由此殃及票据的信用,在票据失去人们的信任的同时,票据自身也难以发挥更大的作用。因此,对票据信用制度进行深入的研究,探索改善我国信用环境的方法和对策,具有重要的理论意义和实践意义。     

Response to L. Scott Miller

L. Scott Miller confronts us with the inadequacy of the schooling establishment's response to the educational needs of the special and rapidly growing group of minority students. Restructuring is urged as the most effective approach for meeting the urgent needs of disadvantaged at-risk students. Two experienced and prominent economics educators comment on the challenge and policy proposals.     

OPEC's Response to International Climate Agreements

This paper studies a game between a group of countries that have agreed to participate in an international climate agreement (the signatories) and OPEC. The purpose of the signatories is to design carbon taxes that maximize their total net income, given a goal on global carbon emissions. As a response to the climate agreement, OPEC imposes an oil tax on its member states that maximizes OPEC's profits. Within a numerical model we find the subgame-perfect equilibrium of a game in which each player chooses when to fix his decision variables. It is shown that in equilibrium the group of signatories chooses to be the leader and OPEC chooses to be the follower. It is demonstrated, however, that for both agents the order of move is of minor (numerical) importance. Hence, the players have limited incentives for strategic behaviour.     

突发疫情下的中小型企业管理应对

2020年新冠疫情的突袭,对中国经济乃至世界经济都会产生影响,中小企业在激烈的市场竞争中本就如履薄冰,部分企业扛不住疫情的突击而倒闭,当然若能在疫情下艰难经营或者成功突围的企业将会获得更多的发展机会。机遇与挑战本就是相辅相生的兄弟,如何在这一场危机中存活下来并在疫情之后抓住机会发展是每一个企业家都在积极考虑的问题。