Dying for Money

A bstract . A major cause of spiralling health-care cost is aggressive treatment of major illnesses by health-care providers The insured patient also demands such an expensive course of action because he pays only a small portion of the cost and is not given a more attractive alternative. If the patient is offered compensation to give up his de facto right to aggressive treatment, insurance premium can be reduced. Physician-assisted death with benefit conversion is discussed as a means for such an exchange.     

网络团购窜货问题研究

在分析企业常见分销渠道类型、窜货表现形式的基础上，研究了网络团购导致传统分销渠道窜货的形成机理，并进一步分析了网络团购引发传统分销渠道窜货的原因、实质和趋势，为网络团购得到生产商支持，实现购销通路指出一个方向。     

Market Standards for Money

The power of governments to debauch currencies for political ends has long been condemned by market economists. Monetarists have argued that the government should restrain its production of money; Professor Hayek contended in 1976 that monetary continence would succumb to political pressures and argued for national currencies to be replaced by competing private monies. Here he refines this thinking and suggests that a private 'store of value'—the standard—would be more likely to overcome the political obstruction to the wholesale denationalisation of currencies, but would be immune from use as a political tool by the state.     

The Speculative Demand for Money: An Alternative Approach

Abstract . The speculative demand for money has occupied an important role in Keynes’ General Theory. Since then it has received only sporadic attention. The lack of sustained interest among specialists in monetary theory is largely due to the fact that the theory, in its original form, has usually failed to survive the empirical tests. In this paper, an attempt is made to estimate the speculative demand for money using the general framework of the “Efficient Markets Theory.” The study uses the United States seasonally adjusted monthly data for the period 1952-72. The results strongly indicate the existence of the speculative demand for money.     

Value for Money in Science

What should be the role of government in research? Professor Bryan Clarke, Professor of Genetics at Nottingham University, argues that the control of scientific research by the government is unlikely to be productive.     

交易性货币需求理论的发展演变及其启示

凯恩斯的货币需求理论引发了关于交易性货币需求理论的争议和修正,后来的发展演变更加注重从需求的微观基础出发来研究,强调约束条件下的交易成本和收支的不确定性,这对转轨时期的我国货币需求理论有很大的启发和借鉴意义。     

No Market Demand for Commodity Money

The lessons of history, suggests Professor David Currie of Queen Mary College, London, are that financial imstitutions prefer state-guaranteed monies to those supplied by private institutions.     

艺术品份额交易 又一场投资盛宴

未来十年,艺术品份额投资将是继股票、房地产投资之后,普通人最不容错过的第三个重要投资机会。而现在,这场投资盛宴已经徐徐拉开帷幕     

Money and production: A stochastic frontier approach

Considerable controversy surrounds the role of money in the production of goods and services. Previous empirical research has appeared to find that the real money stock affects aggregate output, holding other, more conventional inputs constant. However, the theoretical literature offers no convincing explanation for this empirical finding. One interpretation is that real money balances reduce the extent to which labor and capital are diverted into exchange-related activities instead of being used in production defined in a more narrow sense. To investigate this hypothesis, we estimate a production function augmented with real money balances as an input, using time-series data for the aggregate U.S. economy. A stochastic production frontier is then estimated without real money balances. We use these estimates to establish the presence of technical inefficiency. Finally, we show that the extent of technical inefficiency is negatively correlated with the real money stock. Our results provide a reconciliation between the empirical literature, which finds that real money balances affect output in a production function framework, and the theoretical literature, which suggests that real money balances enhance the technical efficiency of the economy.     

省钱通

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升官、发财还是扬名立腕？

经济学家们与资本的关系如此紧密,如何能在经济学领域做出非常独立的判断和深入的研究?除非他们个个都“出淤泥而不染”     

Money demand revisited: An operational subjective approach

This paper proposes a method of data analysis founded on the philosophy and understanding of uncertain knowledge developed by Bruno de Finetti. Specifically, the paper investigates the informational content of interest rates for the prediction of M1. This empirical application replicates that of Cooley and Leroy (1981) and McAleer, Pagan, and Volker (1985), but the procedures and their interpretation follow the operational subjective approach. The issue of an autocorrelated error structure is recast in the operational subjective context. Methods are developed to assess the interest sensitivity of the demand for money in this context. © 1996 John Wiley & Sons, Ltd.     

Bivariate non-central negative binomial distribution: Another generalisation

Summary Another bivariate generalisation (Type V) of the non-central negative binomial distribution is considered. This generalisation is constructed (i) as a latent structure model; (ii) as an extension of an accident proneness model investigated by Edwards/Gurland (1961); and (iii) as a reversible stochastic counter model. The third construction gives, as a result, an apparently new formulation of the Edwards/Gurland model. The probabilities, moments, recurrence formulas and some properties are given. An application to the data used by Holgate (1966) is considered.     

多品种分组联合订货模型的另一解法

在库存管理中,多品种联合订货策略既是个难题,又是一个非常有实用意义的重要课题。为了得到更满意的结果,不断有人在这方面进行探索并伴随有研究成果。文章在他们工作的基础上,运用连续变量的极值理论,给予某些量的舍量近似,得到了一个新的方法。此法立论严谨．计算过程简捷。且所得结果更优。     

Another approach for estimating RTS in dynamic DEA

Recently, in some papers in the field of operations research the performance analysis of decision making units, in the presence of time factor, has been dealt with by an analytical framework of DEA: dynamic DEA. This paper provides a new approach, utilizing the envelopment models, for estimating returns to scale in dynamic DEA, leading to an algorithm with computational advantages.