Analytics of sovereign debt restructuring

This paper develops a simple theoretical model to analyse recent proposals on restructuring of sovereign bonds. We find that collective action clauses (CACs) inserted in bonds resolve the inefficiencies caused by intra-creditor coordination problems providing that all parties have complete information about each other's preferences. In such a world, statutory mechanisms, such as international bankruptcy courts, are unnecessary. This is no longer the case when the benefits from reaching a restructuring agreement are private information to the debtor and its creditors due to inefficiencies caused by the debtor-creditor bargaining problem.     

World Top Business Eyes on Long-term opportunities When China Promotes Sustained Development

As China faces crucial task of converting its economy with rock eting growth and massive demand into a sustained and efficient one,world top businesses finds opportunities in this most dynamic market for them to seize.……     

行星表面有人探索高速无线网络体系架构及关键技术

针对行星表面有人探索任务对高速无线通信的需求，提出了一种基于异构组网思想的网络体系架构，并对关键技术进行了分析和设计。该架构采用“三网两体制”的设计思路，将整个网络分为高速传输网、多媒体接入网、覆盖扩展网三个组成部分，三层网络分别完成高速骨干传输、多节点多业务接入、覆盖范围灵活改变的功能。根据三个网络不同的节点处理能力和传输需要，设计了高速传输体制、灵活接入体制两种传输体制，及基于无线多跳的覆盖扩展技术、多子网通信切换技术、多体制融合技术等关键技术。该网络架构具有裁剪灵活、协议开销小、支持业务类型多等特点。     

发挥优势抓住机遇 全面推进对俄经贸科技合作

一、搞好对俄经贸科技合作对我省至关重要一是可以促进我省经济发展。南方有沿海的优势，我们的优势就是背靠俄罗斯。我们要实现跨越式发展，首先要抓好对外开放，特别要加强与俄罗斯的交流和合作。我省经济外贸依存度较低，只有７．６％，如果达到４３．９％全国平均水平，将极大地拉动我省经济增长。二是能够促进我省结构调整和产业升级。加入WTO之后，作为农业大省和粮食主产区，农业结构调整就要向经济作物、畜产品和瓜果蔬菜调整。调整之后要有市场，而俄罗斯是重要的市场。工业要升级，要发展装备工业，必须要有技术，俄罗斯有雄厚…     

Neighborhood effects and trial on the internet: Evidence from online grocery retailing

For traditional retailers the customer pool is largely bounded in space, whereas an Internet retailer can obtain customers from a wide geographical area. We examine customer trials at Netgrocer.com, and drawing on studies in marketing and economics conjecture that exposure spatially to proximate others (through direct social interaction or observation), can influence decisions of those who have yet to try. Trials arise from utility-maximizing behavior and the model is estimated as a discrete time hazard. The data span: (1) 29,701 residential zip codes, (2) 45 months of transactions since inception, and (3) zip code contiguity relationships. The estimated neighborhood effect is significantly positive and economically meaningful.

国内外乙二醇的供需现状及发展前景

分析了国内外乙二醇的生产消费现状及发展前景,提出了我国乙二醇行业今后的发展建议.     

GE 90-30冗余PLC在水电厂监控系统中的应用

文章详细介绍了GE Fanuc系列90-30 PLC和VersaMax的I/O模块构成的双Genius网络控制系统在水电站计算机监控系统中的应用。     

Attributes affecting the level of tourist satisfaction with and loyalty towards theatrical performance in China: Evidence from a qualitative study

This study seeks to explore attributes affecting the level of tourist satisfaction with and loyalty towards theatrical performance in China. Based on four focus group discussions with 31 participants, the study identifies 34 attributes that affect the level of tourist satisfaction with theatrical performance, and groups them into five categories: stage, performance, venue, service and tourist‐related attributes. The findings on tourist loyalty reveal that 21 of the 31 respondents would not watch the same theatrical performance alone in the future; however, they would recommend it to others. The study concludes with a discussion of the rich and insightful findings and their implications for tourism industry practitioners. Copyright © 2010 John Wiley & Sons, Ltd.     

改革开放30年来江苏和广东经济发展路径对比研究

中国省域经济格局中,广东和江苏占据两席重要地位。通过对两省社会发展背景的全面比较,系统回顾了粤、苏两地经济和社会发展历程与轨迹,抽炼出各自经济发展的主导模式。最后,针对两省存在的优劣势,提出两省未来经济发展的建议和对策,尤其提出两省未来经济合作的可能性。     

环渤海地区汽车产业产学研集成化合作模式探讨

汽车产业是环渤海地区的支柱产业,自主创新是汽车产业发展的关键。实现自主创新的有效途径是集成各方面的资源优势,构建集成化产学研合作模式。环渤海区域已具备产学研集成化合作的条件,实现的途径是建立健全整体运行机制和保障机制。