Income and substitution effects of fiscal policy on work effort

The focus of this paper is twofold. First, it examines the impact on work effort of changes in government purchases financed with lump‐sum taxes, in a neoclassical framework, with respect to four industrialised countries. Second, it reconsiders the expenditure–work effort relationship in a broader conceptual context that allows for distortionary taxation and a disaggregation of the income and substitution effects. Our findings are shown to cast doubt on the empirical plausibility of the prevailing (neoclassical and New Keynesian) models which seem to rely heavily on the lump‐sum tax notion, thus ignoring the substitution effects of distortionary taxation.     

服务业集聚与产业结构优化关系探究

随着全球化进程的不断加快，服务业集聚已经成为人们普遍关注的话题。产业集聚在获得规模效应的同时避免了垄断现象的产生，服务业集聚不但拥有这样的优势，而且还有自己独特的形成和发展特点。从产业结构的优化角度切入，借助区位商和专门化率等分析指标，以江苏省和上海市为例，对服务业集聚的形成进行理论和实证分析，提出产业结构的优化对于服务业集聚的形成和发展有着积极的作用。合理的产业结构能够为服务业集聚提供坚实的基础，各地区应该根据各自的产业特点积极的进行优化，催生服务业集聚，加快本地区经济的进一步发展。     

香港发行人民币债券的效应与对策分析

在香港发行人民币债券，既是香港特区政府多年来的愿望，也是人民币国际化的重要一步，因此具有极其重要的意义。本文通过在香港发行人民币债券对内地和香港的积极作用和消极作用的分析，提出了在港发行人民币债券应注意的问题以及相关对策建议。     

基于PSR模型的水电工程生态效应评价指标体系构想

从水电工程生态效应评价指标体系研究的意义出发,通过分析水电工程生态效应评价的内涵,确立了评价指标的选取原则,基于压力(Pressure)-状态(State)-响应(Response)概念模型,构建了以科学、实用和可操作为目标的评价指标体系的框架。     

沙牌RCC拱坝坝肩稳定三维地质模型试验研究

通过三维地质力学模型试验，研究了沙牌RCC拱坝坝体和坝肩的变形规律、破坏机理，综合评价了坝肩的超载安全度，为工程设计提供依据。     

混凝土骨料二维分布的模拟和应用

通过在一个矩形截面上模拟混凝土骨料的实际分布，获得了该截面上任一点的骨料分布密度和骨料分布的统计特性。模拟结果表明，当模拟次数趋向于无穷大时，截面上任一点的骨料分布密度趋向于定值，对于不同的骨料面积百分数，骨料分布密度曲线的形状十分相似，均由上升段和水平段两部分组成。基于这些模拟结果，利用数学拟合获得了骨料分布密度的解析表达式，并被混凝土实验所初步证实。作为一个应用，本文计算了混凝土截面上各点的氯离子扩散系数。     

五强溪水电站缆索起重机的安装与使用

五强溪水电站主体工程混凝土浇筑垂直运输在大坝两岸分高、低层布置４台平移式２０ｔ缆索起重机。其中２台高缆从德国引进，属世界上首次采用全遥控的缆机，同时也是国内塔架最高的缆机；２台低缆属我国目前自行设计制造安装的规格最大、速度最高的缆机。     

Option Trading and the Intervalling Effect Bias in Beta

Prior studies show that the beta coefficient of a security changes systematically as the length of measurement interval is varied. This phenomenon, which is called the intervalling effect bias in beta, has been attributed to the friction in the trading system that causes the delays in the price-adjustment process. This study shows that option listing is associated with a decline in the beta intervalling effect bias. The decline is most pronounced for small firms. We also find that our sample firms grow significantly after option listing. Since prior research indicates that market value is a major determinant of the magnitude of the intervalling effect, we re-examine our results using a subsample that controls for market value. The results indicate that the decline in the beta bias from the pre-listing to post-listing period is still prevalent after we control for the change in firm size. Overall, the evidence is consistent with the notion that option trading reduces the delays in the price-adjustment process, which in turn reduces the intervalling effect bias in beta.     

Why are Small Firms Different? Managers’ Views

Do incentives differ between large and small organizations? Results from a representative survey of compensation managers are used to shed light on the issues. I find that (i) small establishments rely less on pecuniary incentives, and have a significantly more hostile attitude towards incentive schemes based on competition and relative rewards; (ii) large units are more vulnerable to mechanisms of efficiency wages, effects that remain even after controlling for differences in monitoring ability; (iii) large units are more prone to indicate that negative reciprocity is important, and that their employees care about relative pay. I argue that these findings fit with behavioral stories of incentives and motivation, in particular those stressing group interaction effects, inequity aversion and gift exchange.     

大坝变形自动监测仪器

混凝土大坝的变形,尤其是坝基和拱座的变形,是衡量工程安全与否的一个重要指标。变形自动监测仪器与人工测读的仪器相比,具有精度高、时间快的优点。本文参考国外资料,提出测斜仪、钻孔变位计、垂线自动监测仪等三种国内外正在试用的电子仪器。将有助于提高并改善大坝设计的经济性和安全性。