Auction design with opportunity cost

This paper studies revenue-maximizing auctions in an independent private value setting where potential bidders have known positive opportunity cost of bidding. The main findings are as follows. Firstly, there is no loss of generality in deriving the revenue-maximizing auctions within the class of threshold-entry mechanisms. Secondly, for any given set of entry thresholds, a second-price sealed-bid auction with properly set reserve prices and entry subsidy is revenue-maximizing. Thirdly, a variety of auctions are revenue-maximizing within the symmetric threshold-entry class. Two of them involve no entry subsidy (fee). Fourthly, we identify sufficient conditions under which it is in the seller’s interest to limit the number of potential bidders even if the revenue-maximizing symmetric threshold-entry auction is adopted. Lastly, the revenue-maximizing auction implements asymmetric entry across symmetric bidders in many cases. I am grateful to Jean-Jacques Laffont for his advice. I thank Isabelle Brocas, Juan Carrillo, Indranil Chakraborty, Jeff Ely, Jinwoo Kim, Vijay Krishna, Preston McAfee, Isabelle Perrigne, Eric Rasmusen, Guofu Tan, Quang Vuong, Joseph Wang for helpful comments and suggestions. Insightful comments and suggestions from the associate editor and two anonymous referees have greatly improved the paper. Earlier versions have been presented at the 2004 International Industrial Organization Conference, the 2005 Pan Pacific Game Theory Conference and the 2007 International Game Theory Conference. All errors are mine. Financial support from National University of Singapore (R-122-000-088-112) is gratefully acknowledged.     

我国组建国家外汇投资公司问题思考

组建国家外汇投资公司是借鉴国外经验,改善我国外汇储备管理的有益尝试。我国外汇储备的管理目标包括了更多的长远发展战略目标和各种政治利益考虑,同时我国有着别国难以比拟的巨额储备,这种储备管理的多元目标及特殊国情将使我国在组建国家外汇投资公司的问题上遇到更多难题。我国应构建一整套符合我国国情的储备经营管理体系。     

新企业会计准则对财务管理的影响——兼论基于核心竞争力的财务管理变革

基于企业核心竞争力的财务管理变革与企业战略管理具有理论一致性和实践一体性,代表了企业管理与财务管理发展的新趋势。新会计准则对我国企业财务会计的革命性影响和财务与会计之间的直接互动,必将使得财务管理理论和实践也随着新准则的实施而演化变迁。     

Industrial Structural Change and Economic Growth in China, 1987–2008

The present paper studies the sources of economic growth and the nature of structural change in the Chinese economy from 1987 to 2008. Using a methodology that evaluates the contribution of an industry to economic growth, the present paper shows that the post‐2000 subperiod marked an increased reliance on the services sector as a source of growth in the Chinese economy. Much of the acceleration in real GDP or aggregate labor productivity growth in China in the post‐2000 subperiod compared to the pre‐2000 period can be traced to an increased contribution from service‐producing and high‐technology exporting manufacturing industries. The evidence indicates that the Chinese economy has been rebalancing toward domestic consumption and shifting its export sector toward high‐technology manufacturing industries.     

Auctions with selective entry and risk averse bidders: theory and evidence

We study auctions with selective entry and risk averse bidders. Our model accounts for risk averse bidders' endogenous participation decision and thus encompasses the existing entry models. We establish entry and bidding equilibrium in first‐price auction and ascending auction mechanisms and show that bidders' entry behavior differs between these two mechanisms with different forms of risk aversion. Our approach provides testable implications of risk aversion in terms of entry behavior. We analyze a timber auction data set and propose a simple test for the form of bidders' risk aversion based on our model implications.     

民办高校教师流失现状及对策研究——以吉林省的G学院为例

民办高校对我国高等教育的发展有着至关重要的作用。近些年,由于社会、经济、环境和自身发展等因素的影响,民办高校的人才流失较为严重。吉林省民办的G学院经过多年发展,已初具规模,但由于与公办学校在科研环境、基础设施及福利待遇等方面的差距,其高职称及高学历的专、兼职教师流失严重。民办高校应加快建立科学的招聘机制,优化人才储备,注重人才培养,并营造浓厚的校园文化,创造人才成长的良好环境,从而有效健全其人才竞争机制,促进民办高校的可持续发展。     

学校必须树立"以人为本"的科学育人新观念

本文通过马克思主义关于"人的全面发展"的思想,阐明"以人为本"是科学的教育现和科学的教育发展现;论证了只有坚持"以人为本",才能促进学生的全面健康发展;并结合我国现实,提出"以人为本"育人的关键在于:科学教育与人文教育相结合,并把思想道德教育作为核心教育内容;只有拓展育人途径,改进教育方法,才能提高育人效果.     

税务智能:"大集中"之后税收信息化研究重点

税务智能可以在“大集中”提供的平台上,从涉税数据中发现税收工作需要多方面的知识,来提高税收工作管理决策的水平。     

中国服务经济时空分布研究

目的/意义服务经济已成为当今世界经济发展的主流与趋势,对中国服务经济发展的时空分布情况进行研究意义重大。方法/过程选取我国除港澳台地区外的31个省市自治区为样本,利用2017年中国统计年鉴的数据及31个研究样本统计年鉴的数据,对中国服务经济发展现状进行时空分布特征研究。结果/结论结果表明:中国总体上已于2013年进入服务经济时代,但样本中仅有32.3%的省市自治区进入服务经济时代,各地区服务经济发展水平参差不齐;20世纪90年代初和2016年是中国服务经济发展的关键时间点;在31个样本中,地区服务经济发展水平由高到低依次为东北地区、华北地区、华东地区、西南地区、华南地区、华中地区、西北地区,且东部沿海地区服务经济发展水平高于中西部地区;大部分样本的就业结构变动滞后于产业结构变动。     

论网络环境下的期刊资源利用

就当前在网络环境下图书馆期刊资源工作的新内容和存在的问题进行了探讨。