In this article, the author will analyze the phenomena of soaring oil price today, how it happened, and find the reasons for the creation of OPEC, how it conducted its affairs in the market, and the economic factors t...In this article, the author will analyze the phenomena of soaring oil price today, how it happened, and find the reasons for the creation of OPEC, how it conducted its affairs in the market, and the economic factors that influenced Dr. Yamani in managing the organization effectively for a fairly long period of time to attain by the goals set out by him. I will apply the economic theories of market models, substitutability of products, the concept of price leadership etc. to explain the situation in the oil market and OPEC＇s function, which also illustrates current market behavior in the business world.展开更多
China is experienciug from serious water issues. There are many differences among the Nine Major Rivers basins of China in the construction of dikes, reservoirs, floodgates, flood discharge projects, flood diversion p...China is experienciug from serious water issues. There are many differences among the Nine Major Rivers basins of China in the construction of dikes, reservoirs, floodgates, flood discharge projects, flood diversion projects, water ecological constructions, water conservancy management, etc. The shadow prices of water resources for Nine Major Rivers can provide suggestions to the Chinese goverument. This article develops a dynamic shadow prices approach based on a multipeziod input-output optimizing model. Unlike previous approaches, the new model is based on the dynamic computable general equilibrium （DCGE） model to solve the problem of marginal long-term prices of water resources. First, definitions and algorithms of DCGE are elaborated. Second, the results of shadow prices of water resources for Nine Major Rivers in 1949-2050 in China using the National Water Conservancy input-holdiug-out in table for Nine Major Rivers in 1999 are listed. A conclusion of this article is that the shadow prices of water resources for Nine Major Rivers are largely based on the extent of scarcity. Selling prices of water resources should be revised via the usage of parameters representing shadow prices.展开更多
文摘In this article, the author will analyze the phenomena of soaring oil price today, how it happened, and find the reasons for the creation of OPEC, how it conducted its affairs in the market, and the economic factors that influenced Dr. Yamani in managing the organization effectively for a fairly long period of time to attain by the goals set out by him. I will apply the economic theories of market models, substitutability of products, the concept of price leadership etc. to explain the situation in the oil market and OPEC＇s function, which also illustrates current market behavior in the business world.
基金National Nature Science Foundation of China(No.70472074.No.70131002.and No.60474063)China Postdoctoral Science Foundation.
文摘China is experienciug from serious water issues. There are many differences among the Nine Major Rivers basins of China in the construction of dikes, reservoirs, floodgates, flood discharge projects, flood diversion projects, water ecological constructions, water conservancy management, etc. The shadow prices of water resources for Nine Major Rivers can provide suggestions to the Chinese goverument. This article develops a dynamic shadow prices approach based on a multipeziod input-output optimizing model. Unlike previous approaches, the new model is based on the dynamic computable general equilibrium （DCGE） model to solve the problem of marginal long-term prices of water resources. First, definitions and algorithms of DCGE are elaborated. Second, the results of shadow prices of water resources for Nine Major Rivers in 1949-2050 in China using the National Water Conservancy input-holdiug-out in table for Nine Major Rivers in 1999 are listed. A conclusion of this article is that the shadow prices of water resources for Nine Major Rivers are largely based on the extent of scarcity. Selling prices of water resources should be revised via the usage of parameters representing shadow prices.
