The Cost Theory and Development in Contemporary China

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An Analysis of the Cost of Industrial Products in China

Sincetheintroductionofreformin1978,China'sindustrialproductionhasforgedaheadataraterarelyseeninthemodernworld.Atthesametime,thespiralingcostofindustrialproductshasinevitablycausedgreatconcern.Thispaperwillexaminefromamacro-economicperspectivewhycostshavec…     

Are More Alternatives Better for Decision-Makers? A Note on the Role of Decision Cost

While the traditional economic wisdom believes that an individual will become better off by being given a larger opportunity set to choose from, in this paper we question this belief and build a formal theoretical model that introduces decision costs into the rational decision process. We show, under some reasonable conditions, that a larger feasible set may actually lower an individual’s level of satisfaction. This provides a solid economic underpinning for the Simon prediction.     

Market Structure, Cost Differences and the Process of Non-public Conversion of the State-owned Enterprises: A Theoretical Analysis and Its Implications

本文通过国企民营化前后市场结构变化的比较静态均衡分析,获得国企民营化关于行业内国企同私企的边际成本差与私企个数的内生性机制。国企同私企的边际成本差达到临界值是国企民营化的必要条件,行业内私企发育通过降低临界值加速了国企民营化的进程。在此基础上,文章认为东欧转轨之初出现了中国所没有经历的衰退,在于忽略了国企民营化的必要条件以及私企的发育程度。而中国各竞争性行业内生机制的不同,决定了其转轨进程的非均衡性。