For the suppliers of concerned services, theories about infrastructure pricing： SAT （Stand Alone economists such as Laffont, Tirole, etc. developed Test）, ECPR （Efficient Component Pricing Rule）. Especially, Sida...For the suppliers of concerned services, theories about infrastructure pricing： SAT （Stand Alone economists such as Laffont, Tirole, etc. developed Test）, ECPR （Efficient Component Pricing Rule）. Especially, Sidak, Spulber, put forward M-ECPR （Market Efficient Component Pricing Rule） method for bottleneck infrastructures. In this article, we bring the M-ECPR principles into the study of Chinese railways pricing of its network infrastructures. Combined with our Engineer Model and Opportunity Cost Model, we analyzed the special conditions faced by Chinese railways, and developed a model for sharing infrastructure fees among freight and passenger transportations. Engineer Model split Variable Cost （VC） and Fixed Cost （FC） into freight and passenger activities, and Opportunity Cost Model take the insufficient supply of infrastructure capacity into consideration. Of course, the subsidy from the government greatly affected the price standard for bottleneck facilities, or so-called network infrastructures.展开更多
With the acceleration of economic globalization and financial liberalization,factors of asset prices such as stock,bond and real estate and so on become important economic variables that affect inflation. After a brie...With the acceleration of economic globalization and financial liberalization,factors of asset prices such as stock,bond and real estate and so on become important economic variables that affect inflation. After a brief review of the latest literature,this paper analyzes the specific conduction mechanism from different aspects of consumption,investment,credit and exchange rate channels in which asset prices affect inflation. Then,this paper analyzes the monthly data from January,2002 to December,2013 with the PLS method(partial least squares regression method)and discusses whether a structural change has taken place in the inflation mechanism during this period. Finally,policy recommendations are provided.展开更多
Against the background of high-speed development and the continuing deepening of market-oriented reform there have appeared at least the following three unique contradictions in the disequilibrium of China's econo...Against the background of high-speed development and the continuing deepening of market-oriented reform there have appeared at least the following three unique contradictions in the disequilibrium of China's economic growth:展开更多
文摘For the suppliers of concerned services, theories about infrastructure pricing： SAT （Stand Alone economists such as Laffont, Tirole, etc. developed Test）, ECPR （Efficient Component Pricing Rule）. Especially, Sidak, Spulber, put forward M-ECPR （Market Efficient Component Pricing Rule） method for bottleneck infrastructures. In this article, we bring the M-ECPR principles into the study of Chinese railways pricing of its network infrastructures. Combined with our Engineer Model and Opportunity Cost Model, we analyzed the special conditions faced by Chinese railways, and developed a model for sharing infrastructure fees among freight and passenger transportations. Engineer Model split Variable Cost （VC） and Fixed Cost （FC） into freight and passenger activities, and Opportunity Cost Model take the insufficient supply of infrastructure capacity into consideration. Of course, the subsidy from the government greatly affected the price standard for bottleneck facilities, or so-called network infrastructures.
文摘With the acceleration of economic globalization and financial liberalization,factors of asset prices such as stock,bond and real estate and so on become important economic variables that affect inflation. After a brief review of the latest literature,this paper analyzes the specific conduction mechanism from different aspects of consumption,investment,credit and exchange rate channels in which asset prices affect inflation. Then,this paper analyzes the monthly data from January,2002 to December,2013 with the PLS method(partial least squares regression method)and discusses whether a structural change has taken place in the inflation mechanism during this period. Finally,policy recommendations are provided.
文摘Against the background of high-speed development and the continuing deepening of market-oriented reform there have appeared at least the following three unique contradictions in the disequilibrium of China's economic growth:
