Using history dependence to design a dynamic tradeable quota system under market imperfections

A transferable quota system is analysed in a two-period model with market power. So far, the management mechanisms presented in the literature to remedy market power have either not succeeded in securing efficiency in the distribution of quota within and across time periods, or have resulted in only one of the two inefficiencies being eliminated. In this paper a new mechanism is introduced where allocation of quota is made dependent upon historic quota acquisitions. This opens for a trade-off between distributional and time efficiency, or under specific circumstances securing overall efficiency.      

王国维悲剧思想之转变——以《〈红楼梦〉评论》与《宋元戏曲考》为中心的考察

王国维是近代中国首先从西方引进悲剧理论的学者,为中国后来的悲剧研究开了先河.从《〈红楼梦〉评论》到《宋元戏曲考》,王国维的悲剧思想在考察视角的选择、悲剧精神的阐释和结构标准的界定方面虽然已经发生了转变,但却有一以贯之之处.随着对中国古典戏曲研究的系统深入,其悲剧思想从受叔本华的强烈影响到真正走进中国戏曲,从推崇出世解脱到看重“主人翁之意志”,从结构上的机械认定到灵活处理,已然发生了转变、发展而进一步成熟了.     

Waiting for the invisible hand: Novel products and the role of information in the modern market for food

This paper places the modern spread of diet-related chronic disease in the United States within the context of more than a century of innovation in food processing technology, discovery in nutrition science, and corrective policy measures aimed at improving public health. We ask whether the current state of affairs represents a market failure, and—if so—what might be done about it. We argue that while today’s industrial food system has its advantages, the asymmetric information problems inherent to this system have resulted in a “lemons-style” breakdown in the market for processed foods. The appropriate policy response to such situations (namely, verifiable quality standards) is well known, but such policies are likely (in the short run) to reduce profits for existing large industrial producers of food. In light of the food industry’s long history of success at regulatory capture, we propose the formation of a new independent food standards agency devoted to protecting the interests of the American consumer.     

创业投资政府引导基金政策扩散研究——基于全国31省数据的事件史分析

创业投资政府引导基金是解决初创企业融资难等市场失灵问题的典型政策工具，本文以2005-2015年全国31个省份数据为例，利用事件史方法分析我国省级创业投资政府引导基金政策的扩散机制。研究发现：创业投资引导基金政策的总体扩散过程主要受到纵向府际关系和政府创新易感性的影响；省级创业投资引导基金政策在时间维度上符合阶梯型累积分布曲线规律，其背后逻辑是不同时期政策创新扩散的动力源和阻力源不同，前期扩散的动力源主要是纵向府际关系和政府创新易感性，经济发展水平对政策扩散存在阻滞作用，而后期扩散的动力源主要是纵向府际关系，企业研发经费支出和省长的相关工作经历对政策扩散存在阻滞作用。本文不仅从公共政策视角加深了对中国创业投资引导基金政策的认识，也丰富和拓宽了已有公共政策扩散的相关成果。     

Why are some family firms not innovative?: Innovation Barriers and Path Dependence in Family Firms

Although scholars have recognized the importance of innovation in family firms, the literature on family firm innovation tends to generally depict family firms as either ‘good’ or ‘bad’ for innovation, or focus on the factors with the potential to positively stimulate family firm innovation. Drawing on path dependence theory, this study focuses specifically on what family-specific barriers work against innovation in family firms. To that end, we follow a qualitative theory-building approach due to the limited amount of extant theory, and study a sample of four family businesses headquartered in Spain and Uruguay. The related propositions and theoretical contributions emerging from our study are shared in the concluding section.     

Does destination nostalgic advertising enhance tourists’ intentions to visit? The moderating role of destination type

This study investigates the impact of nostalgic advertising and perceived destination types on tourists using four experiments. Study 1a and Study 1b revealed that destination nostalgic advertising is more likely to evoke tourists' history sense and further trigger visit intention, while destination non-nostalgic advertising is more likely to evoke tourists' fashion sense and further trigger visit intention. Study 2a and Study 2b revealed that perceived destination type plays a moderating role in these effects. Nostalgic advertising in utilitarian destinations is more likely to evoke tourists' history sense and further trigger visit intentions, while non-nostalgic advertising in hedonic destinations is more likely to evoke tourists’ fashion sense and further enhance visit intentions. These findings have valuable implications for destination marketers seeking to develop effective marketing strategies.