Since 2010, there has been renewed discussion on China＇s economic future. After 30 years of breakneck economic growth, China＇s position in the world economy is more important than ever and people must understand how...Since 2010, there has been renewed discussion on China＇s economic future. After 30 years of breakneck economic growth, China＇s position in the world economy is more important than ever and people must understand how China＇s economic dominance will change the world economy. Some economists who are bearish about China＇s future believe that China＇s growth engine will lose fire in the next two or three years. To address their predictions about China＇s future, the author will address three themes： （11） Why did China manage to grow so rapidly？ （2） How long will China keep growing？ （3） Can China＇s economy keep growing in the future？ By analyzing the theory of inadequate consumer demand in China and by evaluating the general patterns of China＇s basic advantages in education, technology and human capital and industrial upgrading, the author explicitly argue why it is unlikely for China to fall into the ＂middle-income trap. ＂展开更多
Understanding the behavior of companies in market conditions has been an important topic of studies for the economists and mathematicians. Many companies have treated their relationship of service providers as a game....Understanding the behavior of companies in market conditions has been an important topic of studies for the economists and mathematicians. Many companies have treated their relationship of service providers as a game. Thus, the attitudes of the players can be endowed with rational thinking, which leads to the conclusion that the use of game theory as a tool to understand such behavior is of great importance. Based on the previous studies, this paper presents a study on the cooperative game theory, discussing the Nash equilibrium in pure and mixed strategies, treating solutions using the minimax John Von Neumarm theorem and illustrating a mathematical modeling of a game theory problem. Furthermore, a solution of linear programming using Microsoft Excel is also proposed and presented. The methodology adopted to model the problem may help students to familiarize themselves to game theory.展开更多
文摘Since 2010, there has been renewed discussion on China＇s economic future. After 30 years of breakneck economic growth, China＇s position in the world economy is more important than ever and people must understand how China＇s economic dominance will change the world economy. Some economists who are bearish about China＇s future believe that China＇s growth engine will lose fire in the next two or three years. To address their predictions about China＇s future, the author will address three themes： （11） Why did China manage to grow so rapidly？ （2） How long will China keep growing？ （3） Can China＇s economy keep growing in the future？ By analyzing the theory of inadequate consumer demand in China and by evaluating the general patterns of China＇s basic advantages in education, technology and human capital and industrial upgrading, the author explicitly argue why it is unlikely for China to fall into the ＂middle-income trap. ＂
文摘Understanding the behavior of companies in market conditions has been an important topic of studies for the economists and mathematicians. Many companies have treated their relationship of service providers as a game. Thus, the attitudes of the players can be endowed with rational thinking, which leads to the conclusion that the use of game theory as a tool to understand such behavior is of great importance. Based on the previous studies, this paper presents a study on the cooperative game theory, discussing the Nash equilibrium in pure and mixed strategies, treating solutions using the minimax John Von Neumarm theorem and illustrating a mathematical modeling of a game theory problem. Furthermore, a solution of linear programming using Microsoft Excel is also proposed and presented. The methodology adopted to model the problem may help students to familiarize themselves to game theory.
