This paper attempts to develop a theoretical framework to investigate the competitive implications of quality choices of financial institutions whereby they charge prices to consumers based on their willingness to pay...This paper attempts to develop a theoretical framework to investigate the competitive implications of quality choices of financial institutions whereby they charge prices to consumers based on their willingness to pay for the service qualities in the mixed market scenario under vertical product differentiation model. Initially, it analyzes benchmark equilibrium solutions of monopoly and duopoly to establish the degree of quality differentiation between two private banks in an uncover market configuration. Further, it estimates the quality differentiation between private and public banks, and examines the interaction between two market structures keeping public bank as both leader and follower, and then measures the social welfare from different prospectives. The explicit operation of two stages Nash equilibrium game forecasted that public banks＇ monopoly seems to be still better than a private banking, and it is socially optimal. The outcome demonstrates a significant importance of vertical quality differentiation for policy implication in banking industry and provides an insight on the reasons of particular co-existence of public and private banking services in the specified location. In this context, it is concluded that the presence of public banks in banking industries is a crucial condition for obtaining the higher range of social welfare.展开更多
In a few decades, transition to adulthood has undergone significant changes in the manner and timing of attaining adulthood. The objective of the paper is to focus on the most significant transformations： the transit...In a few decades, transition to adulthood has undergone significant changes in the manner and timing of attaining adulthood. The objective of the paper is to focus on the most significant transformations： the transition to adulthood process has undergone in different European contexts, through the use of the findings of research performed in 2004 in Denmark, Germany and Italy. For the purpose of the comparison, in-depth analysis was performed of the interviews conducted on young people aged between 19 and 35, who had completed their education and were preparing to enter into the workplace. By means of the analysis of the interviews, the paper evaluates how youths perceive the passage from education to the workplace, taking into consideration the opportunities and resources provided by individual national contexts （social benefits, training and work opportunities） to facilitate the process of attainment of adult roles. The role played by family support to achieve transition is also analyzed. In particular, the type of support （financial, emotional and affective） provided by parents to their offspring during the various transition phases, with the aim of highlighting the existence of different parent-child relationships in the three countries examined.展开更多
It was planned to build 36 million units of social welfare housing during the twelve-five2011-2015 in China.This paper introduces the estimation of owner occupied dwelling sector and develops a dynamic computable gene...It was planned to build 36 million units of social welfare housing during the twelve-five2011-2015 in China.This paper introduces the estimation of owner occupied dwelling sector and develops a dynamic computable general equilibrium model for China's real estate and macro-economy,to simulate the policy effects.The simulation results show that this policy can meet the increased requirements of housing demand due to fast urbanization and improvement of living conditions,therefore it will effectively cool down the price boom of housing market.Meanwhile,although the investment on social welfare housing will reduce the investment on other sectors,it will still stimulate GDP growth.展开更多
文摘This paper attempts to develop a theoretical framework to investigate the competitive implications of quality choices of financial institutions whereby they charge prices to consumers based on their willingness to pay for the service qualities in the mixed market scenario under vertical product differentiation model. Initially, it analyzes benchmark equilibrium solutions of monopoly and duopoly to establish the degree of quality differentiation between two private banks in an uncover market configuration. Further, it estimates the quality differentiation between private and public banks, and examines the interaction between two market structures keeping public bank as both leader and follower, and then measures the social welfare from different prospectives. The explicit operation of two stages Nash equilibrium game forecasted that public banks＇ monopoly seems to be still better than a private banking, and it is socially optimal. The outcome demonstrates a significant importance of vertical quality differentiation for policy implication in banking industry and provides an insight on the reasons of particular co-existence of public and private banking services in the specified location. In this context, it is concluded that the presence of public banks in banking industries is a crucial condition for obtaining the higher range of social welfare.
文摘In a few decades, transition to adulthood has undergone significant changes in the manner and timing of attaining adulthood. The objective of the paper is to focus on the most significant transformations： the transition to adulthood process has undergone in different European contexts, through the use of the findings of research performed in 2004 in Denmark, Germany and Italy. For the purpose of the comparison, in-depth analysis was performed of the interviews conducted on young people aged between 19 and 35, who had completed their education and were preparing to enter into the workplace. By means of the analysis of the interviews, the paper evaluates how youths perceive the passage from education to the workplace, taking into consideration the opportunities and resources provided by individual national contexts （social benefits, training and work opportunities） to facilitate the process of attainment of adult roles. The role played by family support to achieve transition is also analyzed. In particular, the type of support （financial, emotional and affective） provided by parents to their offspring during the various transition phases, with the aim of highlighting the existence of different parent-child relationships in the three countries examined.
基金supported by the Natural Science Foundation of China under Grant No.71103176
文摘It was planned to build 36 million units of social welfare housing during the twelve-five2011-2015 in China.This paper introduces the estimation of owner occupied dwelling sector and develops a dynamic computable general equilibrium model for China's real estate and macro-economy,to simulate the policy effects.The simulation results show that this policy can meet the increased requirements of housing demand due to fast urbanization and improvement of living conditions,therefore it will effectively cool down the price boom of housing market.Meanwhile,although the investment on social welfare housing will reduce the investment on other sectors,it will still stimulate GDP growth.
