网络零售业中的动态定价模式

面对日益激烈的市场竞争和对客户群体的细分,动态定价策略越来越受到商家的青睐。尤其是近年来伴随着网络销售的出现和高科技的应用,基于需求的动态定价策略愈发显示出日益重要的意义。它为实现客户与企业资产回报最大化创造了新的途径。本文首先介绍了三种常见的动态定价策略,然后从经济意义和技术角度分析了动态定价策略的可能性和必要性,最后提出了动态定价策略面临的挑战。     

A first-passage-time model under regime-switching market environment

In this paper, we suggest a first-passage-time model which can explain default probability and default correlation dynamics under stochastic market environment. We add a Markov regime-switching market condition to the first-passage-time model of Zhou [Zhou, C., 2001. An analysis of default correlations and multiple defaults. Review of Financial Studies 14, 555–576]. Using this model, we try to explain various relationship between default probability, default correlation, and market condition. We also suggest a valuation method for credit default swap (CDS) with (or without) counterparty default risk (CDR) and basket default swap under this model.Our numerical results provide us with several meaningful implications. First, default swap spread is higher in economic recession than in economic expansion across default swap maturity. Second, as the difference of asset return volatility between under bear market and under bull market increases, CDS spread increases regardless of maturity. Third, the bigger the intensity shifting from bull market to bear market, the higher the spread for both CDS without CDR and basket default swap.     

基于行业增加值出口的显性比较优势测算及国际比较研究

基于对出口价值构成中行业增加值出口的形式、流向以及途径的区分,从价值链的视角改进了传统的显性比较优势指数,测算12个主要贸易大国1995~2011年制造业和服务业各行业的显性比较优势。结果表明：贸易格局的总体趋势表现为发达国家在巩固制造业高端环节优势的同时又将服务业特别是金融服务业、信息服务业以及商务网络等方面的优势渗透进来,建立起服务于全球的新体系,新兴市场国家则逐渐在不同要素密集度以及不同层次的制造业方面加紧布局。加强贸易与产业的结合,有助于我国通过增加值间接出口的方式参与国际竞争。     

Can funding platforms’ self-initiated financial innovation improve credit availability? Evidence from China’s P2P market

In this article, we used loan transaction data from a Chinese Peer-to-Peer (P2P) platform and employed a Difference-In-Differences (DID) approach to detect the effect of a self-initiated financial innovation introduced via P2P borrowing and lending. We found that the self-initiated financial innovation improved the availability of credit.     

China's Wind Power:Going Forward with Lightening Speed

The advanced level of on-grid capacity abroad will not exceed 10%;however,in China the figure is up to 30%,affecting the level of efficiency and effectiveness of the wind power.     

金融联结的理论机理与实践绩效:文献梳理的视角

信贷补贴模式和市场模式相继失败之后,作为新的农贷模式,金融联结逐渐从民间自发实践演变为许多发展中国家的国家战略。金融联结既利用农村信贷市场微观结构,又融合正规金融和乡村中介的比较优势。它盛行于发展中国家,大量存在于新兴市场和发达国家,于我国亦初现端倪。从文献梳理视角,本文分析评述金融联结的现实背景、理论机理及国内外实践。基于发展前景的乐观预期,依据一般原理,结合中国情景,本文提出实施金融联结的政策建议。     

基于定制生产的发货及售后服务信息化平台研究

以定制企业的发货与售后服务环节为研究对象,阐述了定制企业在两个环节管理中存在的实际问题,针对定制企业生产品存在的状态,建立能精确控制定制企业发货进程的信息平台；依托物料编码系统,对定制产品售货服务环节进行跟踪控制,重点描述了发货及售后管理的流程建模与程序实现过程.     

Developing a Typology of Chinese Shopping Tourists: An Application of the Schwartz Model of Universal Human Values

This study aims to develop a typology of Chinese shopping tourists based on the Schwartz values. As a medium for investigating rich segmented markets, values emerge as an alternative variable for personality, lifestyle, and other demographic and socioeconomic segmentation variables. Convenience sampling is adopted in this study, and 511 usable responses in China are obtained. Results of the factor analysis reveal the following five dimensions of personal values among Chinese shopping tourists: self-enhancement, universalism, assurance, self-direction, and benevolence. The cluster analysis, which used the aforementioned five dimensions, identify the following clusters: uncertainty (Cluster 1), passion (Cluster 2), balance (Cluster 3), and conservation (Cluster 4). This study provides insights into the nature of personal value of Chinese shopping tourists by applying the Schwartz values, and identifies the shopping travel characteristics of Chinese shopping tourists. The results of this study are expected to assist destination marketing organizations in creating strategies to provide better shopping environments and services for tourists, and to achieve higher levels of tourist satisfaction.