1999 Vol. 28, No. 6

A Signalling Game Theory Model of Market with Counterfeit Products
Pu Yougjian
1999, 28(6): 563-569.
Abstract:
A signalling game theory model of market with counterfeit products is constructed in this paper. According to the model, products produced by enterprises which have stronger market power are liable to be counterfeited. From the model, some meaningful inferences suggest that the government should strengthen the punishment on or inspecting of counterfeit products-makers, which is conducive to the withdrawal of counterfeit products-makers from the market.
Analysis of Game of Chengdu-Chongqing Passengers' Transportation Market
Long Zhihe, Xing Yaping
1999, 28(6): 570-574.
Abstract:
Positive analysis of competitions on the Chengdu-Chongqing passengers' market is conducted using game model. The research with Stacketbers model shows that the Chengdu-Chongqing passengers' transportation market reaches Nash equilibrium before the express highway enters it. Price game model indicates that avoidance of fierce competition by price deduction is the best strategy for both parties. Results of PUV games betWeen passengers reveal that passengers distribution in different means of transportation is the outcome of the game on their overall effects.
Demand Effect and Incentive Problem of Retail
Guo Wenxin, Pu Yongjian
1999, 28(6): 575-577.
Abstract:
This paper gives a result that the incentive effect is related to the elasticity of demand.When a contract is based on the sale, the absolute risk avoidable degree is not the only decisive factor for incentive effect. The model's policy meaning is that the sellers with higher absolute risk avoidable degree should be charged with the sale task in areas with a higher elasticity of demand, and some competition mechanism should be drawn into the marketing management.
Analysis of Optimal Capital Structure Under Condition of Noise Market
Tang Xiaowo, Ni Debing
1999, 28(6): 578-581.
Abstract:
This paper builds an optimal capital structure game model under the condition of nois emarket, and presents the functions with noise risk of value of shares, value of debts and capital structure.The influences of the noise on value of shares, value of debts and capital structure are also discussed.
Analysis of Capital Structure and Efficiency
Ni Debing, Tang Xiaowo
1999, 28(6): 582-585.
Abstract:
This paper studies manager's constrain from capital structure, presents the condition of bankruptcy and firing, and analyzes the relation betWeen capital structure and efficiency.The conclusion is also drawn that the owner of the company can design a capital structure to make the manager's operation more efficient.
Game Analysis About Controlling and Fighting Against Coutherfeit and Inferior
Tu Jing, Wu Jingye
1999, 28(6): 586-590.
Abstract:
Efficiently operating the system of controlling and fighting against counterfeit and inferior depends on the descriptions of gems' rational activities of the system. Based on the game analysis, some models are formulated to analyze the affecting factors between the system gemts. This paper also gives some suggestions.
Study on Rational Assumption in Experimental Economics
Jing Runtian
1999, 28(6): 591-595.
Abstract:
Some problems about rational assumption in experimental economics are discussed in this paper Several paradox in economic experiments are raised. Rational and irrational factors included are analyzed. Four pieces of conclusions ale drawn that the:maximization of individual utility or benefits can not be ensured under rational assumption; rational assumption is influenced by behavior repetition; rational assumption is influenced by claim for "justice"; and irrational factors are influenced by their cultural background.
Analysis of Vertical Constraints and Vertical Integration of Monopoly Goods
Tang Xiaowo, Xu Jiuping, Hu Zhineng
1999, 28(6): 596-600.
Abstract:
This paper puts forward secrete systems of monopoly goods by considering monopolists,resellers and consumers. The retail price strategies of vertical constraints and vertical integration are discussed, and some important price strategies are given.
An Analysis of Dynamic Adaptability of Capital Structure to Macroeconomic Policy
Ni Debing, Tang Xiaowo
1999, 28(6): 601-604.
Abstract:
This paper builds a game model betWeen company and government, and analyzes the adaptbility of capital structUre to macroeconomic policy. The optimal capital structure function is also given. which includes the variable of macroeconomic policy. The influences of the macroeconomic policy on the optimal capital structure of the company are discussed.
Study of Motivation of Vertical Mergers
Shuai Xu, Tang Xiaowo
1999, 28(6): 605-608.
Abstract:
This paper analyzes the effects on vertical meaders in several typical micro-economic situation and gives some advisable conclusions which are conducive to the meager action. The production function includes fixed-preportional function and variable-proportional function. Some important conclusions are also drawn in this paper
Analysis of Property Right in Merger
Shuai Xu, Tang Xiaowo
1999, 28(6): 609-613.
Abstract:
This paper analyzes the disthbution of property right in merder on the basis of theory of phncipal-agent which is of importance for the inner stimulation and control of a company.
Marketing Competition and Merger
Li Shaocai, Shuai Xu
1999, 28(6): 614-617.
Abstract:
Game theory is applied to analyze the action of merder in this paper Under thehypothesis of non-variable scale or variable scale, this paper formulates the effect of integration/melgerwhich includes the price, quantities, profitS for the mergers or not and puts forward the concept of "optimalscale of meadedr". The result is advisable for the assets reconstruction and economic reform.
Cournot Competition and Merge
Li Shaocai, Li Keke
1999, 28(6): 618-620.
Abstract:
This paper studies a part of motives of horizontal merge with the frame of Cournot competition. The merge for more market power is unprofitable, but the merge for cost saving can be profitable. It is found that capacity restriction is another cause of merge, and merge are more likely to happen for firms with higher capacity. It is a complement to the theory of merge.
A Supplement Study of Competition and Diffusion Models About Two Produce
Ai Xingzheng, Li Shaocai, Tu Zhishou
1999, 28(6): 621-624.
Abstract:
On the question about non-monopoly Bass models, this paper presentS the competition and diffusion models about two products, and analyzes the diffusion procedure from economy, which provides theoretical proof for forecasting and imitating the dynamic market structure.
Further Study of Competition and Diffusion Models About Two Products
Tang Xiaowo, Ai Xingzheng
1999, 28(6): 625-628.
Abstract:
On the question about non-monopoly of Bass models, this paper presents the competition and diffusion model about two products in advertisement, and analyzes the diffusion procedure further. It also gives a theoretical proof for forecasting and imitating of the dynamic market structure.
Optimal Non-linear Pricing
Li Keke, Li Shaocai
1999, 28(6): 629-631.
Abstract:
The model of the optimal nonlinear pricing with two groups of customers is developed in this paper How monoplists who know customers' demand distribution determine prices according to the system of customers' self-selection is shown. It is concluded that the monopolists largely decrease the quantity of low-demand customers and occupy utility of more customers to gain more profits.
Study of Two-part Pricing
Tang Xiaowo, Li Keke
1999, 28(6): 632-634.
Abstract:
The formula of two-part pricing for two groups of customers are drawn in this paper. It is concluded that the optimal marginal price depends on the differentiation of customers' preference and the marginal cost. Relationship between two-part pricing and demand elastic is also discussed. The range of the optimal marginal range is also calculated.
Study on Price Model of Peak Load Under Dynamic Demand
Ai XingZheng, Tan Xiaowo, Zeng Yong
1999, 28(6): 635-641.
Abstract:
Based on the price question of peak load when demand is dynamic presented by Machael.R, this paper give a new price model of regUlation under the practical hypothesis. It is concluded that different price strategies market make different influences on the market under different stages, which deepers the result of Michael.
Analysis of Price Discrimination of Monopoly Goods
Xu Jiuping, Hu Zhineng
1999, 28(6): 642-646.
Abstract:
This paper deals with price discrimination from viewpoints of monopolists and discusses the influences of quality discrimination and price discrimination to the marginal utility and society welfare.
Analysis of Quality and Price of Monopoly Goods
Hu Zhineng, Tang Xiaowo, Xu Jiuping
1999, 28(6): 647-651.
Abstract:
In this paper, quality selection and price-making of monopoly goods are analyzed based on the optimal control theory from social viewpoint. The impact of government intervention on social welfare is discussed. It is possible to induce geometric property of monopoly goods with respect to quality and price level. The dynamical properties of quality and price of goods are investigated.
Advertising Competition and Barrier to Entry
Li Keke, Tang Xiaowo
1999, 28(6): 652-654.
Abstract:
A model of advertising competition with duopoly is established. Through the equilibrium of two-stage game, the cost condition is drawn when advertising investment forms barriers to entry。It is concluded that firms will take advantages of preemptive advertising which would be a kind of barrier to barrier to entry. But it will not last for a long time.
Analysis of Intra-industry Competition Trade Between Two Countries
Tang Xiaowo, Xu Jiuping, Hu Zhineng
1999, 28(6): 655-658.
Abstract:
This paper builds a dynamical system of competition trade betWeen tWo countries by considering intra-industry international trade and analyzes the stability of the system while the tariff and exchange rate are varying. This paper also investigates the competition price strategies of companies under the same circumstance, which is important both in theory and practice.
Analysis of Effects of Exchange Rate and Tariff on International Trade
Hu Zhineng, Tang Xiaowo, Xu Jiuping
1999, 28(6): 659-662.
Abstract:
This paper builds an international trade dynamical syStems for the intra-industry international trade, then analyzes the stability of the intra-industry international trade, and discusses the effects of the adjustment of exchange rate and tariff on international trade.
Ration Evaluation of Effect of Interest Rate Policy in China
FuHao, Long Zhihe, Yu Jiang
1999, 28(6): 663-666.
Abstract:
Base on the elasticity theory and econometrics methods, this paper studies the interest rate quantitatively. The final submission is:the rate policy takes a littie effect; it is difficult to market by purely rate adjustment.