Dealing with the prescription drug dilemma

When the West Virginia Public Employees Insurance Agency saw 20% increases in drug spend, they formed a coalition with several other states and negotiated a contract with a new PBM that may save $25 million over three years. Other initiatives include a generic copayment waiver and a counter-detailing program.     

认真抓好就业工作

近几年来,在党中央、国务院的正确领导下,福建省委、省政府根据本省实际,把扩大就业、农民增收、社会保障作为经济社会发展的三大难题,重点加以解决。一是紧紧抓住发展,通过致力发展、加快发展创造更多的就业岗位;二是转变政府职能,以创优投资环境、创造就业机会、创新服务方式为重点,出台了一些促进再就业的政策,着重解决困难群体的再就业和生活保障问题;三是在工业化进程中,既注重高新技术企业的发展,又注意壮大劳动密集型产业,相互结合,兼顾两头;四是加强社区建设,大力发展社区服务业,开辟新的社区就业领域;五是多办大学,扩大招生规模,既提高劳动者素质、培养人才,又延续就业时间;六是实施“走出去”战略,加强省际经济协作和国际劳务合作,拓展就业空间。实践证明,这些思路与措施,不仅推动了经济发展,而且促进了就业。     

Dealing with small sample bias in post-crisis samples

In this paper, we demonstrate that using finite sample correction bootstrapping techniques is advisable in samples that cover less than two complete business cycles, even when high-frequency data seemingly provide a sufficient number of observations to overcome the small sample bias. This is particularly relevant in the current research environment. Because the recent financial crisis is considered as a structural break, research on current problems is often conducted using post-crisis data. That is, the available samples cover only a few years of data, often spanning only one business cycle or even less. We provide ample simulation-based evidence that samples of daily or monthly dynamic data covering periods of this magnitude are prone to a fairly substantial bias. Moreover, we are able to show that standard bootstrap-based bias correction techniques still work in those cases.     

Deregulating Network Industries: Dealing with Price-quality Tradeoffs

This paper examines the effects of introducing competition into monopolized network industries on prices and infrastructure quality. Analyzing a model with reduced-form demand, we first show that deregulating an integrated monopoly cannot simultaneously decrease the retail price and increase infrastructure quality. Second, we derive conditions under which reducing both retail price and infrastructure quality relative to the integrated monopoly outcome increases welfare. Third, we argue that restructuring and setting very low access charges may yield welfare losses, as infrastructure investment is undermined. We provide an extensive analysis of the linear demand model and discuss policy implications.     

Exclusive Versus Non-exclusive Dealing in Auctions with Resale

We consider a seller who can either sell exclusively through resellers, or allow potential consumers to purchase directly from him. The consumers’ willingness to pay is private information. All transactions are in the form of second-price sealed bid auctions. We show that, if the resellers can gain access to a substantially bigger portion of the market than the seller himself, the seller obtains a higher revenue by dealing exclusively through them, i.e., by committing to not sell to any consumer. The result is due to a “winner’s curse” effect: the resellers win only if the consumers that they compete against submit lower bids, i.e., if part of their customer base has low valuations. This depresses the resellers’ willingness to pay relative to what they would be willing to pay under an exclusive resale contract. Our results do not depend on the presence of transaction costs: exclusive dealing yields strictly higher revenue even when the resellers can market the item at zero cost. We would like to thank Richard Engelbrecht-Wiggans, Michael Rothkopf and seminar participants at Iowa State University, the Midwest Mathematical Economics meetings, the Milken Institute, Rutgers University, SUNY at Stony Brook Summer Workshop on Game Theory, for helpful comments and suggestions.     

关于经理股票期权会计处理方法的思考

本文简要介绍了经理股票期权的概念及经理股票期权制度产生的理论基础,在对现有的内在价值法、或有事项法及允价值法等各种股票期权会计处理方法进行比较、分析的基础上,结合我国的实际情况,提出了对经理股票期权会计处理方法的构想-综合价值法。     

军队应对非常规突发事件资源协调优化研究

着眼军队应对非常规突发事件及其对资源保障体系的新要求,从军队应对非常规突发事件的角度,研究了军队应对非常规突发事件资源保障体系设计内容,分析了资源优化模型设计并给出了软件原型设计思路。     

务实地研究中国未来的危机和繁荣

本认为，以定性的价值判断为特征的经济学分析方法在解决实际的经济运行和经济发展问题时，基本上没有什么用处；中国的经济问题需要由中国的学和中国的政府自已来解决，而不能由外国学来指点江山；改革开放以来，现代经济学与中国的实际相结合，在决策解决中国经济问题方面提供了有用的分析依据；要研究中国未来的危机，也要研究中国未来繁荣可能来自于哪些方面，并坚信我们未来的希望和繁荣，只有这样才能心中有数，并制定正确的发展战略；最后笔指出，需要正确和务实地制定中国总的和各地区的发展战略，并使这些发展战略真正可行、务实、可操作和管用。     

Dealing with monopsony power: Employment subsidies vs. minimum wages

We show in a monopsony model that accounting for changes in hours a minimum wage has ambiguous effects on employment and welfare. When all workers have the same preference ordering over leisure and consumption employment subsidies unambiguously improve welfare. Many countries have minimum wages and also tax minimum wage workers.     

日本政府应对不良债权的新动向

从 2 0世纪 90年代初至今 ,日本银行业已处理了大量的不良债权 ,但新的不良债权却不断增加 ,导致日本银行业不良债权问题愈演愈烈。鉴于此 ,日本政府近年来不仅提高了对旧债的清理效率 ,而且采取了健全银行退出机制、实施银行国有化、改革主银行体制等一系列综合性对策 ,以切断不良债权的再生机制。     

我国银行不良资产处置方法探讨

目前我国金融资产管理公司处置银行不良资产的主要方法是债转股,借鉴国际上银行不良资产处置方法,大致有债转股、重组、证券化、销售等,应结合我国国情来运用这些方法,以使我国不良资产处置方法多样化。     

Dealing with the dynamics of technology roadmapping implementation: A case study

Nowadays, companies are facing many challenges. The product life cycle is getting shorter while the complexity and the demand for product customization are increasing. Technology Roadmapping (TRM) has been widely used as a strategic management tool to help organizations in effectively identifying potential products or services for the future, determining proper technology alternatives, and mapping them with resource allocation plans. With the completion of TRM implementation, any organization can be assured that its required technologies and infrastructures will be ready when needed. Implementing TRM as a part of the ongoing strategic/business planning process is challenging because it may affect the organizational work process, structure, and culture. Therefore, an organization needs to understand how the changing roles and responsibilities of key players involved in the TRM process match with the dynamics of TRM implementation in each stage. This paper illustrates the dynamics of TRM implementation and presents a case study to demonstrate how one of the leading building product manufacturers in the ASEAN region went through the process.     

人民币国际化特点和路径研究

人民币国际化已进入初级阶段,具有现钞结算和银行渠道结算并举、经常账户和资本账户同步推进、人民币国际化与人民币可兑换同步推进三大特点,区别于一般货币国际化路径。人民币境外需求成为人民币国际化的沃土,同时人民币国际化又受到自由兑换方面的局限,因此推进人民币国际化应采取"强制度"模式。当前,应将推行人民币国际贸易计价结算作为人民币国际化切入点,通过制度完善,实现人民币国际化阶段性突破。     

博弈与共赢(下)--论应对入世的十大关系

在入世应对工作中,如何妥善处理WTO协议与国内法的关系问题,即我国法律(包括立法、执法及司法解释)如何对照WTO协议(包括WTO设立法及其附件协议和作为WTO协议有机组成部分的其他有效文件,包括加入议定书、部长宣言、谅解和决定等,两个诸边协议除外)和中国的对外承诺,进行相应的调整(包括修改、废止与增补),并使之与WTO协议相适     

加强金融监管是应对金融危机的必由之路

G20峰会后加强金融监管以应对全球金融危机已成为全球的共识,针对我国现有金融监管体系存在的制度缺陷,面对G20峰会后国际金融监管发展的新趋势,加强金融监管,完善我国金融监管体系,建立起全新的运行机制,已经成为我们要认真研究和解决的现实问题。     

从极端到综合:独占交易理论新进展

本文通过文献解读和分析阐述独占交易理论的新进展,重点讨论了独占交易对竞争的影响、与共同代理的权衡、独占交易的完全排他与部分排他等三个问题。近年来关于独占交易理论的研究显得比较中立很多,不再从一个极端走向另一个极端。独占交易可能是反竞争的,也可能是社会有效的,要根据具体情况分析和综合考虑。经济文献中的线性价格模型夸大了独占交易的影响,现实中还需要综合考虑市场圈定效应和投资增进效应。独占交易契约的签订会对第三者产生负外部性,从第三者那里抽取的剩余会按照契约里的规定在签约双方进行分配。     

面对重大突发公共卫生事件的治理机制建设与危机管理——“应对新冠肺炎疫情”专家笔谈

己亥岁末,庚子年初,新冠疫情爆发。数月之内,举国上下,倾力“战疫”,众志成城,共克时艰。学术期刊,乃学者之精神家园。抗疫攻坚之时,无以贡献,唯刊文撷英,汇学人智慧,发省思之声。抗疫以来,各路观点纷至沓来,然治理之道务求平和、理性,管理之道贵在务实、落地。本文集十位管理学者之系统思考,为国家治理现代化建言,为企业危机应对支招。字里行间,思想闪耀,学理背后,乃家国情怀。十篇短论,角度有异,逻辑相通,连缀通篇,关键词显现:常态治理,能力修炼,组织韧性,化危为机,数字化转型。