平台分类分级两种思路的经济学逻辑——从行业≠市场说起

平台分类分级是政府监管分类施策的基础,其中平台分类又是平台分级的前提。平台分类有两种差异极大的思路,即行业分类和市场分类。行业监管基于行业分类,市场监管基于市场分类。由于行业≠市场,因而行业分类≠市场分类、行业监管≠市场监管。同样的道理不仅适用于平台反垄断行政执法,也适用于平台的反垄断法院司法。

Towards the Integrating Wind Power into Power Grid in China

With abundant wind resources and high pressure imposed on en-vironmental protection, wind power development has a promising future. Butdue to intermittent nature, wind power can bring into full play only if being con-nected into power grid to ensure its supply reliability and continuity, aswell as operational economy. However, technical and market barriers haveprevented wind power from integrating into power grid. To foster wind powerdevelopment, these barriers should be removed by both government incentivepolicies and sophisticated technologies.

Urban Water Supply Industry Marketization of China in View of Public Water Service and Water Resource Management

Started with the discussions on the value orientation of urban water supply industry marketization,the article points out that the current urban water supply industry marketization reform is inconsistent with the goal of public water service equalization to some extent.The article also analyzes the problems emerged in urban water supply industry marketization reform and various rea-sons in view of efficiency and fairness.An efficiency and fairness oriented management model is built in this article to illustrate how the government should conciliate interests of various communities involved in the process of marketization reform of the urban water supply industry so as to actualize the coordination of efficiency and fairness.At the end,an assumption on urban water price is put forward to help achieve the public water service equalization.

Mixed Market Competition in a Quality Differentiated Duopoly Model An Approach to Banking Sector

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.

The Theory of Internet Finance

Internet based technologies, such as mobile payments, social networks, search engines and cloud computation, will lead to a paradigm shift in financial sector. Beside indirect financing via commercial banks and direct financing through security markets, a third way to conduct financial activities will emerge, which we call ＂internet finance＇＂ This paper presents a detailed analysis of payment, information processing and resource allocation under internet finance.

Market Orientation and Business Performance in the Container Port Industry

Identification and responsiveness towards customer needs is a notion that rests deeply in the heart of the marketing concept, and has been discussed in various fields of business and economic literature. At the same time literature in port economics and management has proposed various means for analyzing market conditions, overcoming competitive pressures in the port industry and pursuing sustainable competitive advantage. In line with this discussion, albeit with a significant time delay, port economics and management literature has also proposed the use of marketing strategies as a strategic tool towards achieving port competitiveness. However, the early approaches to port marketing, mainly based on consumer marketing principles, where followed by scarce references, mainly dealing with particularities of marketing implementation in ports and terminals. This paper attempts to provide a solid theoretical background to the notion, the need and the applicability of the marketing concept in the container port industry. It investigates the preconditions under which port marketing strategies are designed and formulated, by measuring the level of market orientation of ports and terminals. Furthermore, it attempts to examine the impact of market orientation on port performance, under the mediating role of marketing tactics and the moderating effect of the ports＇/terminals＇ internal and external environment.

Primary Approach to Water(Natural Monopoly) Industry Remodeling

Natural monopoly,because of its spontaneous or natural characteristics, must have some mysterious causes of reasonableness.Thus,the regulations to its efficiency loss would have a different way compared to other monopolies. That the characteristics of natural monopoly,in the case of water industry, are that the infrastructure investments are very large,most of which are used to build the transportation system? The webs for transporting their products to their customers,and the products are identity goods or services.By examining the characteristics of natural monopoly,this paper proposed away to break upand remodel the industry of“natural monopoly”.The main clue of remodeling is that the governments,who represent the public and who have the power to control over public resources,should build and maintain a public web platform for the goods’ transportation uses, and break up the barrier ofthe entry so as to produce a market-oriented competitive structure.The running modeland the condition of remodeling are put forward and the cost-revenue analysis of the operation is briefly under consideration.

Microfinance Structure of Thailand

This paper was devoted to analyzing the structure of microfinance in Thailand. The theory of industrial organization （IO） was applied as a guideline to measure the degree of monopoly power in microfinance structure. The objective-of the study was investigation on Thai microfinance institution marketing structure by using Concentration Ratio （CR） and Herfindahl Hirschman Index （HHI）. The data of the study focus on the outstanding loans market share of microfinance institutions （MFIs）. The market share of the outstanding loans of MFIs from the largest to the smallest is as follows： Bank for Agriculture and Agricultural Cooperatives （BAAC）, Village Fund Cooperatives, Government Saving Bank （GSB）, Pawnshop, Self Help group： Saving Group, Commercial Bank, Self Help Group： Sudja Group and Isalamic Bank （IB）, respectively. It stated that CR by outstanding loans is as follows： Cr 1, 59.35%; Cr 3, 81.11%; Cr 6, 92.14%; and Cr 9, 94.37%. At the same time HHI is 0.38. Additionally, BAAC remains the majority MFIs even though there are the other MFIs available in the microfinance system. The main role of providing the microfinance services mostly derived from BAAC.

The present situation and policy recommendations of Shanghai family service industry

To develop Shanghai family service industry urgently is for the construction of livable city. Surveys are found that there are quite a lot of problems of Shanghai family services ,such as structural imbalance between supply and demand, industry market chaos, staff career development space is limited, imperfect industry standards, relevant laws and regulations is not sound and so on. To start with, Shanghai family service standard system should be made to strengthen the family service personnel vocational training and job evaluation, and for the establishment and implementation of the ＂family service personnel vocational level system＂, it also increases policy support to the ＂employees＂ enterprise and to build the linkage supervision mechanism of industry associations and government departments to promote the standardization of the Shanghai family service development.

The present situation and policy recommendations of Shanghai family service industry

To develop Shanghai family service industry urgently is for the construction of livable city. Surveys are found that there are quite a lot of problems of Shanghai family services ,such as structural imbalance between supply and demand, industry market chaos, staff career development space is limited, imperfect industry standards, relevant laws and regulations is not sound and so on. To start with, Shanghai family service standard system should be made to strengthen the family service personnel vocational training and job evaluation, and for the establishment and implementation of the ＂family service personnel vocational level system＂, it also increases policy support to the ＂employees＂ enterprise and to build the linkage supervision mechanism of industry associations and government departments to promote the standardization of the Shanghai family service development.

Impact of renewable power market penetration on coal power generation capacity growth

Since renewable energy sources are growing in importance, how well they can penetrate the energy market for power generation will be a very important factor in the role the coal industry will play in the future. This paper examined the displacement of coal power plant capacity from 2010 to 2050 by renewables with respect to three drivers assumed under various conditions： the American Recovery and Reinvestment Act （ARRA）, Greenhouse Gas （GItG） policy, and varying plant capital cost cases. The results by 2050 illustrate that renewable market penetration captures anywhere from 1.9% to 6.4% of potential coal power generation capacity additions. Renewable power generation capacity additions is expected to outpace coal power plant additions by 89% with respect to ARRA in 2050, however with no GHG policy coal power generation capacity build-outs will outpace renewables by as high as 809%. Finally, coal power generation is still projected to be the largest single energy source contributor to the electricity market making up 28.0% of total available capacity, while renewables are expected to only make up 16.3% of total available capacity.

The Effectiveness of Information Disclosure on Listed Banks

In essence, this market is an information market, and the flow of information leads to the allocation of resources. Enhancing the effectiveness of information disclosure can make the information exchange between different market participants freely and effectively, so as to optimize the distribution of market resources, and promote the health of the entire capital market to develop rapidly and sustainably. As an important part of a country＇s financial, bank has a special corporate form and link with many different broad stakeholders, whether the information disclosure effective or not, the bank exert more influence to the capital market and society compared with ordinary businesses, what＇s more, the negative effect by the asymmetric information or disclosure failure is also far more big than ordinary enterprises. William Mcdonough, former chairman of the Basel committee on banking supervision, once said： ＂the greatest enemy of financial stability is a loss of confidence, but the greatest damage to the confidence is the lack of reliable information.＂ Therefore, ensuring the quality of information disclosure and enhancing the effectiveness of listed bank information disclosure have a very important practical significance on safeguarding the legitimate rights and interests of the majority of investors and stakeholders and stable financial order.

The expansion and limitation of behavioral finance research methods

Behavioral finance inherits the standard research methods in the finance, and it makes outstanding contribution to leading the experimental research into the field of finance. It uses the cognitive science as the method guide to expand its scientific research tools. On one hand, the intelligent development of the cognitive science provides an important and effective means of a tool for the behavioral finance research; on the other hand, precisely because behavioral finance theories of progress makes a certain extent, dependent on the modem cognitive science research results and thus the development of cognitive science, its results application and limitation will be confined to a direct impact on the development of behavioral finance. That is why we need an in-depth study of the new method of behavioral finance research and grasps their limitations.

Analyzing the Value Chains of China＇s Knock-off Handset industry

Establishing a two-sided market （specialized market） is an effective way to build a national value chain （NVC）. The Chinese knock-off wireless handset industry has succeeded in building a miniature version of an NVC based on the Huaqiangbei Market, a typical specialized market. ＂Ihis paper begins b）, analyzing the differences in the industrial chains of knock-off and traditional wireless handsets and concludes that due to lacking after-sales service, the value chain of knock-off wireless handsets is consumer-driven, with a focus on manufacturing and marketing. Analysis of the knock-off wireless handset-based NVC reveals that multi-level demands, a maturing industry and adaptive innovation are three pre-conditions for Chinese manufacturing to build an NVC in a two-sided market. Given the uneven scale and techniques among knock-off handset makers, their addiction to the low-end market and imperfect value chains constructed using the ＂knockoff pattern＂ this paper proposes that China can break these bottlenecks by letting the specialized and unilateral markets develop closer to each other and by providing governmental guidance in the specialized market.

The Impact of the Implementation of the New Regulations on Capital Management＇s Bank of China

Since China＇ s accession to WTO, opening up has intensified China＇ s ties with the international financial markets, financial markets have become increasingly frequent. However, with respect to foreign banks, capital management of commercial banks is only just beginning. Especially after the proposed Basel, how to adjust the capital assets of commercial banks is to enable them to comply with Basel II requirements, ensuring stability and development of the banking sector is the China Banking Regulatory Commission and the commercial banks. So, how intensive management can reduce capital occupation to increase the capital adequacy ratio is an important part of the commercial banks that must be studied.

Statistics on China Surfactant Industry in 2015

This article discussed the statistical study on products and raw materials of major enterprises in the field of surfactant industry in China. Through a series of data analysis,it has been pointed out that China＇s surfactant industry will usher in a period of eliminating overcapacity and industrial integration in next decades, and mentioning that enterprises should prepare for the risks about market structure change and homogenized competition.

Decoding Beauty Market for China Today and for South East Asia Tomorrow

The total FMCG spending sees a slowdown in nearly everywhere across the globe in 2016. However, what lies beneath the downturn is a vigorously evolving landscape, with quite a few categories rising against all odds with unstoppable force — beauty segment for example. Engaging consumers smartly with innovative measures is its key for winning. Kantar Worldpanel has been investigating that how beauty market is developing in China in the new era of beauty, by providing a deep dive in consumers, channels and mobile interaction. This article provides a quick look at what could be found in the study.

Logistic Model for Customer Dynamics in the Mobile Telecommunication Sector

Starting from the last decade of the 90＇s mobile phone makes its appearance in the world markets, in Mexico it＇s also on that date that the first companies are formed, today there are only four mobile companies that compete strongly for the Mexican market, In this article we use the logistic model （S - shaped logistic curve）, which describes competitive environments, especially for the popularization of new technologies, to describe the dynamics of the telecommunications sector in Mexico and the probability of the companies to fail and disappear in the market. In economic articles, we see more attention to the dynamics of monopolistic competition and power companies, but it is less used the study of the sales dynamics of the sector and the curves that represent it. The proposed model uses as data the total number of subscribers to mobile phone lines to generate the logistic curves of each company and the total market, in search of main points singularities and stability conditions as predictors of the extinction of technologies and the shot-down of companies in the sector.

Using Wheat Futures to Stabilize the Cost of Raw Material in Bakery Sector

The article presents the example of using relations between the price of wheat flour sold by the milling companies and the price of wheat futures listed on the FOREX market to protect the companies from bakery sector against adverse price movements of raw material--wheat flour. The paper aims to present a method which can help to reduce risk of changes wheat flour price in the market by using wheat futures traded at FOREX market. For the analysis authors used weekly data since January 2006 until October 2010 about wheat flour price, wheat grain price, wheat futures prices, quotes a currency pair USD/PLN. Wheat flour prices came from studies of the Department of Agricultural Markets, Ministry of Agriculture, and Rural Development in Poland and represented the average sales price of wheat flour by milling companies. Information about wheat futures and quotes a currency pair USD/PLN reflects the actual trading of the FOREX market. Authors used statistical analysis tool for determining the strength of the relationship between the price of wheat flour and the wheat price on the domestic market and the wheat futures price. The correlation coefficient between them was 0.763. For further test authors used seven different options that use future contracts to reduce fluctuations in the flour price which can be used in bakery businesses. These results of research show that someone can effectively use wheat futures contracts listed on the FOREX market to protect the bakery business against adverse movements of wheat flour prices. Application in practice chosen strategies can allow bakery companies to achieve cost advantages by reducing the adverse changes in the wheat flour prices. Chosen strategies are more efficient if the prices of flour in the domestic market are rising. If prices drop down, the effectiveness of using wheat futures contracts was lower. It should be noted that wheat futures contracts are a good tool to achieve cost advantages in the bakery industry, especially when the wheat flour prices are increased on the domestic market.

An Overview of Turkish Pistachio Sector

Originating from the genus Pistacia, the only edible species, Pistacia vera, covers at least 10 different sub-species and has a commercial value in the nut industry as a snack food. Pistachio kernels arc very popular ingredients used in meat products and in the confectionary industry as a part of various pastry products. Historically, Iran has the advantage in supply side and leads the world in pistachio trade. Turkey comes in the third place in terms of production and provides over 70 thousand metric tons of pistachios in 2007, capturing 14 percent production share world wide. As being one of the major habitats of pistachios, Turkey has potential to develop new variaties and increase the productivity, thereby to take advantage of higher profits that may arise from foreign trade in pistachios. Even though pistachio production in Turkey has increased in the last 20 years, this opportunity is yet to be discovered since yield and quality factors are still at low levels, resulting in dramatic losses in foreign market shares. Possible remedies for this problem include irrigation made available to pistachio orchards, adopting new caltivars more tolerant to diseases, preventing the illegal entrance of Iranian pistachios, facilitating the unification of pistachio producers, provoking the consumption of fresh pistachios, and expanding the business into new international markets.