杨先明 明秀南 王胜华
关键词：新实证产业组织（NEIO） 市场势力 福利损失 电信业
Estimation Market Power and Welfare Loss of Chinese Telecommunication: An Application of NEIO Method
Xianming Yang Xiunan Ming Shenghua Wang
Abstract: Measurement of the market power as well as the effective estimate of the welfare loss is crucial and fundamental issue in the antitrust review.Using the provincial panel data from 2002 to 2011, we estimate the telecommunications conduct parameter, market power and welfare loss. This paper finds that Chinese telecommunications possesses high market power and collusion. The net loss of welfare as a result of market power among the telecommunications can be high up to 470.982 billion RMB,accounts for about 6.81% of total industry revenue.
Keywords: New Empirical Industrial Organization（NEIO） Market Power Welfare loss Telecommunications
JEL Classification:L96 L41 C33
关键词：电力体制 三元冲突 规制权衡 改革模式
Trilemma, Regulatory Trade-off and Electricity System Reform
Abstract: Electricity reform is a complex systematic engineering. Based on the framework of trilemma among reliability, economy and fairness, this paper suggests that most of the reform modes in different countries are the reasonable and equilibrium choices which considered the trade-off of three kinds of reform objectives under their constraints of reform resource and capacity. Based on the perspective of regulatory Trade-off, standard mode of electric power reform can be summarized into reliability-oriented, economy- oriented and fairness-oriented. Various kinds of reform can be formed under the different orientations and conditions such as EDF mode in France, TSO mode in EU, TO/ISO model in US. Standing at a new historical starting point, the design of electric power system in our country must give priority to enhance the power system has a strong capability of providing basic services, promote the network as a access platform to realize the industry role transformation, business model innovation and capacity building. Based on the framework, the electricity system reform of our country must be clear about its reliability orientation, promote diversity of power supply and demand side and the and grid platform innovation, scientific and prudent design the bilateral transaction mode and supporting mechanism, promote orderly competition and service innovation in electricity retailing, and realize the inclusive development of power market system.
Keywords: Electricity Ssystem Trilemma Regulatory Tradeoff Reform Mode
JEL Classification: L51 L94 P35
房林 邹卫星 张奇科
关键词：网络产业 接入定价 市场结构
A Survey of the Access Pricing Research in Network Industries
Lin Fang Weixing Zou Qike Zhang
Abstract: Access pricing theory was put forward and is increasingly developing accompanies with the market structure transforming from monopoly to competition in network industries. Single-way access pricing study has become an important issue, which focuses on the deregulation of the industries; while with the development and prosperity in interconnection of network industries, two-way access pricing attracts more and more emphasis now. From four aspects, such as the application conditions, the advantage and disadvantage, the prospect of application and the influence on access pricing of market structure, this paper sorts out one-way access pricing theory. Furthermore, from the perspective of both linear pricing and nonlinear pricing, we make a review of double-way access pricing theory both in symmetric and in asymmetric market.
Keyword: Network Industry Access Pricing Market Structure
JEL Classification: L11 L51 L60
关键词：资本存量 永续盘存法 工业行业
The Measurement of Capital Stock of China’s Sub-industries
Xiaoshuang Qin Chenghao Sun
Abstracts: Throughout the existing literature, we find that the current capital stock accounts are mostly on the total level and the provincial level data, but few results about sub-industries. The possible reason is that there is a big difference between China's statistics system and the SNA93 system which is the requirement of PIM, and the data of measuring sub-industrial capital stock is seriously lack. In this article, we try to measure the capital stock of 38 sub-industries, in order to provide a better data base for subsequent sub-industrial research. On the basis of adjusting industry classification and statistic scope, we finally obtain comparable capital stock data covering 38 industries between 1980 and 2010. We find that the capital stock experienced a rapid growth after 2000, which once again proved the phenomenon of over-investment in industrial sectors.
Keywords:Capital stock PIM Manufacturing Industries
JEL Classification: L52 O47
吴兴海 张玉利 罗国锋 马俊
关键词：团队创业 个体创业 创业机会
Team Entrepreneurship and Individual Entrepreneurship: the Choice of Entrepreneurship Model
Xinghai Wu Yuli Zhang Guofeng Luo Jun Ma
Abstract: When one entrepreneur decides to start a new venture, he needs to make an important decision on whether to exploit the entrepreneurial opportunity alone or to exploit it by the entrepreneurial team. Based on entrepreneurial team as a risk-solving mechanism perspective, through constructing the model of game theory, this study finds out that the risk characteristic of entrepreneurial opportunity influences which way entrepreneurs will choose to exploit the opportunity. The higher the risk level of entrepreneurial opportunity is, the more likely that the entrepreneur will be to exploit the opportunity through entrepreneurial team; The lower the risk level of entrepreneurial opportunity is, the more likely that the entrepreneur will be to exploit the opportunity alone.
Keywords: Entrepreneurial Opportunity Team Entrepreneurship Individual Entrepreneurship
JEL Classification: M00 M13 C72
关键词：污染减排 产业结构 倒逼机制
Research on The Bilaterally Dynamic Mechanism of Pollution Abatement And Industrial Structure Adjustment
Ronghui Xie Yijun Yuan
Abstract:This paper is developed from a new perspective of the interaction between the adjustment of industrial structure and the pollution abatement. Using the panel data of the provinces of China from 1992-2010, the paper inspects the panel Granger causal relationship of upgrading rate of industrial structure, emission reduction of industrial waste gas and pollution control investment of industrial program. Then by building the panel VAR model, the paper tests the interactive influence between pollution abatement and adjustment of industrial structure. The results indicate that the emission reduction of the industrial waste gas and the upgrading rate of industrial structure adjustment could influence each other positively; One the other hand, pollution control investment of industrial program hardly impacts the industrial structure, however, the structural adjustment has a negative impact on the pollution control investment. Consequently, based on the relationship that has been drawn from this paper, the government should make industrial policies to promote the process of pollution abatement, as well as reasonable pollution abatement policies to force the industrial structure to be adjusted reversely. Finally, we could achieve a win-win development.
Keywords:Pollution Abatement Industrial Structure Reversed Force Mechanism
JEL Classification: C23 L60 Q53
关键词：金融发展 居民消费增长率 动态面板分析
Financial Development and Consumption: Recent Evidence from Chinese 249 Cities
Daleng Xin Xueping Xiong
Abstract:It’s a typically empirical problem that the relationship between financial development and consumption. In the paper we analyze the relationship between financial development and the growth rate of consumption, by using the data of Chinese 249 cities from 2001 to 2010. The result shows that: Financial development has a negative effect on the growth rate of consumption. Urbanization significantly enhances this rate. To some extent, government expenditure has a positive effect on the growth rate of consumption. We don’t see the GDP per capita, opening-up the market, education and inflation have some significant effect on the growth rate of consumption. In some sense it’s showed that the financial policy should be further adjusted and perfected to promote the consumption.
Keywords: Financial Development Growth Rate of Consumption Dynamic Panel Data Analysis
JEL Classification: E21 G21 O16
郭妍 张立光 蔡地
关键词：前景理论 价值函数 概率权重函数 启发式
The Review of Prospect Theory :
Development , System and Application
Yan Guo Liguang Zhang Di Cai
Abstract: Prospect Theory "brings comprehensive insight from psychology research into the field of economics, especially makes outstanding contribution in human judgment and decision-making under uncertain situations ", and receives more and more attentions in recent years. The theory which derives from Maximum Utility Theory, has changed the paradigm of the modern financial theory, and explained satisfactorily the capital market "anomalies". After thirty years of development, the core concept of the theory -- "value function" and "probability weighting function" has been constantly refined and improved, some scholars have used the Prospect Theory to explain the phenomenon which the traditional financial theory can not explain, or have developed theory model or done empirical test based on it .In the future Prospect Theory is expected to be applied in more fields.
Keywords: Prospect Theory Value Function Probability Weighting Function Heuristics
JEL Classification : G11 G21 D01