悬吊书架书库楼盖的经济性分析

提出了悬挂书架书库楼盖体系的设计思路,通过对悬挂书架书库楼盖体系和普通楼盖的比较,给出了不同板跨下的技术经济指标。     

基于CAPM的黄金风险溢价研究

运用CAPM理论中的边际风险价格的概念,通过分析一个包含了黄金市场和股票市场在内的市场资产组合,定量给出了黄金的风险溢价。同时检验了黄金收益是否在CAPM框架内有效。在与我国股市进行比较之后,得出投资者可将黄金包括到投资组合中去,以取得更好的风险收益比。     

正确认识合肥市房地产发展中的几个问题

1998年以来,合肥市房地产业在国民经济中的地位逐步上升,但市场化、产业化程度远远不够,成为支柱产业尚需时日。房地产开发投资规模不断扩大,占全社会固定资产投资比重已超过1/3,投资过热的苗头已经显现。每年商品房新开工面积、施工面积、竣工面积同时增长,由于竣工面积大于     

Assessing the Degree of Spot Market Integration for U.S. Natural Gas: Evidence from Daily Price Data

This paper assesses the degree of market integration in the U.S. natural gas market following the FERC’s ‘open access’ reforms. Daily spot prices at 76 market locations from 1993 to 1997 are used to examine the geographic extent of the market and the speed with which market forces move prices toward equilibrium in the face of ongoing price shocks. The empirical results suggest that the East and Central regions form a highly integrated market, but that this market is quite segmented from the more loosely integrated Western market.     

略论WTO反倾销协议中的现代营销思想

国内学者对WTO反倾销规则进行了大量的法律与经济分析,但却很少涉及其中所蕴藏着的现代营销思想,尤其是对贸易中具有价格竞争优势企业所提出的道义上的责任以及促使之能够保持持续竞争力的善意忠告多有忽略。对此,探讨WTO反倾销协议对企业营销行为的导向,以期对于处在反倾销、反补贴与保障措施等多重阻击中的中国企业有所帮助和启迪。     

Price formation in tourism industry branches

To examine the pricing behavior of suppliers of holiday goods and services, a margin approach, originally developed to explain price formation in service industries, has been applied to different sectors of the tourism industry, using Dutch data. The fundamental idea of the margin approach is that both cost and demand factors influence price formation. The specific market situation is supposed to determine the extent to which changes in cost factors can be passed on to consumers. Despite difficulties with the quality of data, the results can be characterized as promising.     

A Microeconomic Approach to Diffusion Models For Stock Prices

This paper studies a class of diffusion models for stock prices derived by a microeconomic approach. We consider discrete-time processes resulting from a market equilibrium and then apply an invariance principle to obtain a continuous-time model. the resulting process is an Ornstein-Uhlenbeck process in a random environment, and we analyze its qualitative behavior. In particular, we provide simple criteria for the stability or instability of the corresponding stock price model, and we give explicit formulae for the invariant distributions in the recurrent case.     

Factors affecting the price of Swedish forest land, 1965–1987

A model for the determination of the price of forest land is estimated for Sweden from 1965–1987, when (except for a few years) private non-industrial forest owners could finance their holdings at a negative real after-tax borrowing rate. It is assumed that credit has been limited by the value of mortgage security, assessed independently of the price settlement. The estimated coefficients of the regression equation are used for a calculation of the average real rate of discount of forest owners and the average value of amenities. The model also evaluates the effect of the temporary land price regulation from 1979–1987.     

Equity Rights Issues in Spain: Flotation Costs and Wealth Effects

This paper analyses the flotation costs and the share price reaction of equity offerings in Spain. The results report a positive relationship between relative flotation costs and the underwriting of an issue, and a negative relationship between such costs and ownership concentration. Fixed flotation costs and a negative relationship with the gross offer proceeds are also observed. On average, there is a negative share price reaction on the date of the 'previous communication' to the Comisión Nacional del Mercado de Valores . The different sub-samples analysed according to the underwriting of the issue and the discount offered reveal no statistical differences.     

自由贸易条件下企业营销策略的基本走向

为有效应对环境变化带来的风险,抓住由此带来的发展机会,企业应当适时地审视自由贸易条件下的营销策略.对于面临着外国倾销、反倾销和保障措施等多重阻击的中国企业来说,必须明确满足和创造消费者是决定其营销策略的基本导向,约束价格竞争是其实现良性发展的基础,通过营销持续创新实行非价格竞争,有助于形成竞争与合作并存的局面,进而实现企业发展的良性循环.