Game Analysis on the Efficiency of Chinese Security Market

According to earnings information of annuals and grade regulation,50 low_grade and 50 high_grade Chinese listed corporation are chosen,through building model and calculating the excess yield.This article educes demonstration result,which is analyzed by game theory.     

Comparatively Research of Methods of Electricity Pricing at Transitional Period in China

With the reform toward power market processing, how to decide electricity price becomes a key problem which one power plant have to face. So in this paper, the authors show two ways to the problem, a pricing model by account and a pricing model by economics, then they analyze the cost structure and counting principle of three-electricity price, which is determined by the methods of repayment of capital with interest (RCI pricing), of the operation period (OP pricing) and of marginal cost (MC pricing). Then similarities and differences among these three pricing methods existing in the transitional period are examined by a case in china. The indicate that it is important and inevitable to reform RCI pricing, to popularize OP pricing and to transfer to MC pricing.     

Positive Research on the Market Reaction of the Execution of the Shareholder Structure Reform Scheme

With the 41 samples of the second Shareholder Structure Reform companies,this paper analyzes the stock market abnormal fluctuation in a given event window,and tries to find out the reasons which result in it,and whether the companies'consideration scheme matters.The result of empirical research proves that the execution of Shareholder Structure Reform has apositive effect on the stock market.What's more,the stock consideration ratio and cash consideration ratio have a significant effect on the companies' stock,which is going up along with the increase of the ratios,but the additional promise is not so significant.     

Analysis on Developing Credibility Mechanism in Tourism Market

Credibility mechanism is the corn stone to ensure the transaction in the market economy. By the one-time game and repeated game models, the article explains that the message can be easily spread, and the bad businessman can be punished, and in the repeated games, credibility mechanism can develop. But the characteristics of the tourism market cause more difficulty in developing credibility in it. According to the problem, the authors make some suggestions on it.     

False-Signaling Game in Security Market

Based on informational asymmetry,this article builds up a false-signaling game model in security market.The game model illuminates the mechanism of Herd Behavior in the stock market by a way in which the more-informed investor cheats the less-informed investor through the derivative financial market .Meanwhile,it makes a conclusion of separating equilibrium for common investors'security investment.Finally,the article gives some policies for reference for both the development of Chinese security market and the opening as well as development of Chinese derivative financial market.     

Game of Hospital-tient Relationship Under Asymmetric Information

The hospital and patient are in the state of asymmetric information in the medical market, which could lead to moral hazard, adverse selection, and low market efficiency. By the game model, we analyze the game process and equilibrium between the hospital and patient under the condition of asymmetric information. The analyzing result suggest that asymmetric information in the medical market is harmful to the patient's benefit and the development of the medical market. Therefore, it's necessary to set up medical information opening system and strengthen the communication between the hospital and the patient so as to relieve the asymmetric information between hospital and patient.     

Prospect of Chongqing Housing Market

Chongqing is the sole municipality in the west of China directly under the China central government and it is an important site for the movement of west development. This paper analyzes the present situation of Chongqing housing market and puts forward suggestions for the prospect of Chongqing housing market.     

中国乳制品工业的10年回顾与展望

回顾了中国乳制品工业的发展历程以及10年来所取得的成就。在分析乳制品市场供需关系变化、人们膳食结构变化、乳品消费现状和消费区域转化的基础上,论述了未来5年中国乳品业的发展前景,指出乳制品行业的企业家和员工要审时度势,与时俱进,齐心协力地推动乳制品行业持续、健康地向前发展。     

Optimal Standby Capacity and Its Valuation in Power Pool

The problem of optimal standby capacity and its valuation in Power Pool is very important and complicated. On the basis of researching literatures concerned, this paper constructs an optimal standby capacity model and researches the problem of pricing optimal standby capacity and determining power price on the user-side. The result shows that the optimal standby capacity at some period t is completely determined by the probability distribution density function of power load demand at this period and surplus power loss and insufficient power loss, and the price of optimal standby capacity is determined by real power price of entering power grid and the power price of forecasting load demand, and the expected power price on the user-side consists of the settlement price with grid loss on generation-side and reasonable gains and expected additional loss.     

中国花卉拍卖交易问题的思考

拍卖作为价格发现和资源配置机制,效率是不容置疑的。但中国花卉拍卖市场除了昆明拍卖市场还在正常运作外,其它的都步履维艰。那么到底什么在制约着中国花卉拍卖市场的发展,什么是走出困境的必须解决的问题。根据中国花卉产业的现状及拍卖市场面临的问题,分别从3个不同质市场之间的相互替代、花卉拍卖市场参与者现状和拍卖市场构建前提等3个方面分析了背后深层次的制约因素。并指出电子直销和传统市场对拍卖市场的替代性影响是造成竞价偏离的关键因素,拍卖市场要发展必须吸收这两个市场在流通上的优点才能更好地发挥竞价的效率优势。