Optimum tariffs and retaliation: How country numbers matter

This paper identifies a new terms-of-trade externality that is exercised through tariff setting. A North-South model of international trade is introduced in which the number of countries in each region can be varied. As the number of countries in one region is increased, each government there competes more aggressively with the others in its region, by lowering its tariff, to attract imports from the other region. In doing so, all countries in a region exert a negative terms-of-trade externality on each other, collectively undermining their own terms of trade and welfare. This externality can increase efficiency if the numbers of countries in both regions are increased simultaneously.     

Public good differentiation and the intensity of tax competition

We show that, in a setting where tax competition promotes efficiency, variation in the extent to which firms can use public goods to reduce costs brings about a reduction in the intensity of tax competition. This in turn brings about a loss of efficiency. In this environment, a ‘minimum tax’ counters the reduction in the intensity of tax competition, thereby enhancing efficiency. ‘Split-the-difference’ tax harmonization also potentially enhances efficiency but would not be agreed upon by governments because it lowers the payoff to at least one of them. This paper also presents an explanation for how traditionally high-tax countries have continued to set taxes at a relatively high rate even as markets have become more integrated.     

Teamwork: a case study on development and performance

The most popular model of team development in Dutch socio-technical literature is a linear approach, which states that teams develop in four successive phases. A method for defining the particular phase a team is in was developed a number of years ago and was recently used in a large-scale survey at Volvo's cab manufacturing plant in Umeå (northern Sweden). Thirty-seven semi-autonomous teams were studied at this plant during a seven-month period. This paper examines the development of the teams and addresses the effects of team development on overall team performance. The aspect of team development was correlated to both performance in terms of quality of working life (QWL) and business performance (BP), which is an empirically unexplored field within team literature. The linear phase approach of team development could not be proved. Nevertheless, teams were found to develop in four important areas, with each aspect significantly affecting team performance.     

生鲜品物流外包中服务商保鲜努力的关系契约激励机制

针对生鲜品物流外包中服务商的保鲜努力行为和绩效都难以验证、客户和服务商均存在道德风险的问题,构建关系契约激励机制,研究了机制的实施条件,得到了最优关系契约,在此基础上分析了外生变量对关系契约实施条件及最优关系契约的影响.研究表明,当折现系数足够大,客户对未来的收益重视程度高时,关系契约能激励服务商保鲜努力,且临界折现系数和此时最优收益共享系数为保鲜努力产出系数的增函数,是风险规避度、成本系灵敏、方差的减函数.     

Transparency and Regional Integration in the Asia Pacific

We show in this paper that increasing the transparency of the trading environment can be an important complement to traditional liberalisation of tariff and non‐tariff barriers. Our definition of transparency is grounded in a transaction cost analysis. We focus on two dimensions of transparency: predictability (reducing the cost of uncertainty) and simplification (reducing information costs). Using the Asia Pacific Economic Cooperation (APEC) member economies as a case study, we construct indices of importer and exporter transparency for the region from a wide range of sources. Our results from a gravity model suggest that improving trade‐related transparency in APEC could hold significant benefits by raising intra‐APEC trade by approximately US$148 billion or 7.5 per cent of baseline trade in the region. Action to improve transparency measures examined could be undertaken in many forms, including within the current APEC framework or future talks on a Free Trade Area in the Asia Pacific.     

Eco-labelling, Competition and Environment: Endogenization of Labelling Criteria

This paper suggests a modelling of the labelling procedure consistent with empirical observations, that allows the endogenous calculation of labelling criteria. The authority in charge of the labelling program chooses the level of labelling criteria so as to maximise the social surplus, anticipating competition between firms in environmental qualities and prices. While accounting simply for the informational role of labels, this model allows to understand observed behavior such as firms’ ignorance of a label, resistance, support or indifference of firms to the labelling program and the decision of the authority not to set up a label. Grateful thanks are due to Jean-Marc Bonnisseau, Antoine Soubeyran, Joan Canton and an anonymous referee for very helpful comments and suggestions.     

谈我院信息网络机房的建设

本文针对如皋市人民医院网络机房的建设情况讲述了如何建设一个安全稳定高效的标准化网络机房。     

Motivations and experiences of Mainland Chinese medical tourists in Hong Kong

Medical tourism has been developing very rapidly in recent years and Hong Kong has emerged as a new medical tourism destination. The purpose of the study is to explore the motivations and experiences of a sample of medical tourists in Hong Kong and hence semi-structured in-depth interviews were conducted with obstetric patients from Mainland China. The findings indicate that one of the most important reasons for their traveling to give birth in Hong Kong was to avoid China’s ‘One Child’ policy. Variations in staff attitudes were also found among different hospitals and even in the same hospital. The findings also suggest that perceived discrimination by the medical tourists emerges in the form of less favourable service and less information sharing.     

Anchoring under Currency Substitution: A Ratchet Price Mechanism in the Housing Market

The currency substitution experienced by the Israeli real estate market in the past decades serves as a unique case for studying the effect of the anchoring heuristic on prices. We hypothesize that players utilize current and past exchange rates between the old and new currency to affect the closing price in their favor. Results of micro‐ and macro‐level estimations indicate that exchange rate fluctuations associate with an upward ratchet price effect. Furthermore, we find that the ratchet price mechanism disappears once the currency substitution is completed. These findings provide new evidence of the effect of anchoring on a market whose transactions involve substantial, long‐term economic consequences.