A comparative study of social assistance systems in Macao and Hong Kong

This article compares social assistance systems in Macao and Hong Kong. It finds that Macao delivers a higher level of social assistance benefits, whereas Hong Kong has a larger group of social assistance beneficiaries. The Hong Kong Government spends a larger amount on social assistance provision and imposes tougher controls on the recipients, compared to Macao. The results of the comparison indicate that Macao and Hong Kong differ markedly in the type of productivist welfare regime they belong and challenge the assertion that the two welfare systems form a distinct welfare model.     

Sourcing with Deferred Payment and Inspection under Supplier Product Adulteration Risk

We study the deferred payment and inspection mechanisms for mitigating supplier product adulteration, with endogenous procurement decision and general defect discovery process. We first derive the optimal deferred payment contract, which reveals that either entire or partial deferral can arise, depending on the moral hazard severity and the information accumulation rate. Because of the supplier's incentive to adulterate, the optimal procurement quantity under deferred payment generally is smaller than the first‐best quantity. We then investigate the inspection mechanism and characterize the equilibrium. We find that under the inspection mechanism, the optimal procurement quantity is no less than the first best. A comparison between these two mechanisms shows that the deferred payment mechanism generally can outperform the inspection mechanism when either the market size is small or the profit margin is low. However, we find that these two mechanisms can also be complementary, for which we characterize a necessary condition.     

Signaling to Partially Informed Investors in the Newsvendor Model

We analyze a signaling game between the manager of a firm and an investor in the firm. The manager has private information about the firm's demand and cares about the short‐term stock price assigned by the investor. Previous research has shown that under continuous decision choices and the Intuitive Criterion refinement, the least‐cost separating equilibrium will result, in which a low‐quality firm chooses its optimal capacity and a high‐quality firm over‐invests in order to signal its quality to investors. We build on this research by showing the existence of pooling outcomes in which low‐quality firms over‐invest and high‐quality firms under‐invest so as to provide identical signals to investors. The pooling equilibrium is practically appealing because it yields a Pareto improvement compared to the least‐cost separating equilibrium. Distinguishing features of our analysis are that: (i) we allow the capacity decision to have either discrete or continuous support, and (ii) we allow beliefs to be refined based on either the Undefeated refinement or the Intuitive Criterion refinement. We find that the newsvendor model parameters impact the likelihood of a pooling outcome, and this impact changes in both sign and magnitude depending on which refinement is used.     

中国经济转型期城镇少数民族教育收益率的实证研究

文章分别使用了OLS方法和分位回归技术,考察了1995—2007年间中国城镇少数民族教育收益率的总体水平及其长期变化趋势,并将之与汉族进行了比较,发现在经济转型期,中国城镇居民教育收益率总体上呈逐年上升趋势,少数民族与汉族之间的教育收益率没有显著差异。政策的力量与市场的力量有机结合、相互叠加,是转型时期中国城镇少数民族的地位并没有发生逆转的重要原因。与汉族相同,少数民族的教育收益率随着收入分位点提高而逐渐减小,即收入水平越高,教育收益率越低。     

Tweeting about emergency: A semantic network analysis of government organizations’ social media messaging during Hurricane Harvey

While social media like Twitter have been increasingly adopted by public-sector organizations, it remains less explored as to how government and emergency management (EM) organizations use these platforms to communicate with the public in response to emerging natural disasters. Extending the Situational Crisis Communication Theory (SCCT) to the realm of social media, this study examines the emerging semantic networks from 67 government and EM organizations’ official tweets during Hurricane Harvey over a three-week period. It identifies how multiple crisis response strategies—including instructing information, adjusting information, and bolstering—are constituted of different issues, actions, and organizational actors before, during, and immediately after the disaster event. Results suggest that government agencies use the strategy of instructing information predominantly before and during the disaster, whereas adjusting information and bolstering strategies are utilized more during post-disaster recovery. The study offers theoretical and practical implications of using a semantic network approach to studying organizational crisis responses.     

哲学是人幸福生活的仆人

寻求哲学合理的存在方式,是今天困扰人们的重大课题之一。在此问题上,最为根本的是如何理解哲学与生活的真实关系,即回答哲学究竟应成为人的幸福生活的"主人"还是"仆人"。在哲学史上,以传统形而上学为代表的哲学形态长期以来把成为人"幸福生活的主宰"作为哲学的使命,其结果导致了人的思想和生活的抽象化。这是哲学陷入深层困境、人的思想和生活陷入深重灾难的重要根源。抛弃和摆脱成为人"幸福生活的主人"的欲望,甘心成为"幸福生活的仆人",这是哲学的重大觉醒,也是兑现它为人类服务诺言的基本前提。     

Effects of placement point of background music on shopping website

Consumer on-line behaviors are more important than ever due to highly growth of on-line shopping. The purposes of this study were to design placement methods of background music for shopping website and examine the effect on browsers' emotional and cognitive response. Three placement points of background music during the browsing, i.e. 2 min., 4 min., and 6 min. from the start of browsing were considered for entry points. Both browsing without music (no music) and browsing with constant music volume (full music) were treated as control groups. Participants' emotional state, approach-avoidance behavior intention, and action to adjust music volume were collected. Results showed that participants had a higher level of pleasure, arousal and approach behavior intention for the three placement points than for no music and full music. Most of the participants for full music (5/6) adjusted the background music. Only 16.7% (3/18) participants for other levels turn off the background music. The results indicate that playing background music after the start of browsing is benefit for on-line shopping atmosphere. It is inappropriate to place background music at the start of browsing shopping website. The marketer must manipulated placement methods of background music for a web store carefully.     

Characterizations of <Emphasis Type="Italic">k</Emphasis>-cutwidth critical trees

The cutwidth problem for a graph G is to embed G into a path such that the maximum number of overlap edges (i.e., the congestion) is minimized. The investigations of critical graphs and their structures are meaningful in the study of a graph-theoretic parameters. We study the structures of k-cutwidth \((k>1)\) critical trees, and use them to characterize the set of all 4-cutwidth critical trees.