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Russia is one of the major global actors in the field of energy. Endowed with abundant resources, it enjoys high production rates in oil and natural gas. The country is the world's largest natural gas exporter controlling almost 20% of the international gas market. It is particularly well known for its dominant position in the FSU and EU gas markets where it provides most of the gas imports. Strong...
This paper discusses the the pricing of carbon emissions trading on the primary and secondary markets respectively under total emissions control. Through the analysis, for the construction of China's cabon emissions trading market, the author proposes five political recommendations such as focusing on the primary market and developing pilot of industry and region actively, establishing carbon emissions...
We examine the pass-through effects of RMB exchange rate changes on the domestic prices during 2000 to 2010 using the conventional pass-through equation and a Distributed lag model analysis. The results show that the pass-through effect of RMB exchange rate changes is very weak, but it can be one reason for China's inflation.
Economy hotel is a relatively new concept, and first appeared in China in the late 1990's. After a rapid growth in the 2000's, the industry has become highly competitive and pricing strategy has become crucial for a company to succeed in such an industry. In this paper, we apply the game theory to quantitatively analyze the competitive pricing strategies. Nash equilibrium is characterized and other...
This article uses the autoregressive distributed lag - Error Correction Model (ARDL-ECM) to analyze the real estate prices and interest rate data from the fourth quarter of 1998 to the first quarter of 2008 .The results show that the interest rate and the real estate prices , in the long run, are negatively related; in the short term, the impact of interest rates on real estate prices lags 2 periods,...
This paper conducts empirical analysis on exchange rate pass-through to import and export prices in China with monthly data from 1999 to 2008, and finds that exchange rate pass-through is higher to export prices than to import prices. The analysis shows that the difference in the pass-through of exchange rate to import and export prices arises from the difference in industrial margin, international...
The development of Shenyang's real estate market is healthy, stable and sustainable in recent years and has contributed much to the development of Shenyang's economy. However, there is still lacking of index system that reflects the situation of Shenyang's real estate market. According to the feature of real estate price indexes in China and different cities and through the price analysis to housing...
This paper analyzes the factors driving housing market cycle in China from 1986 to 2009 by extending the traditional stock-flow model. The conclusions are as follows. (1) Land supply, housing stock, population and income affect housing price significantly. (2) Housing price greatly affects housing construction with an elasticity of 1.28. (3) Expectation rather than user cost is the main determining...
This paper constructs a DSGE model to investigate the influences of oil price shocks on China's economy. Parameter estimation indicates that China's money supply mechanism does not target oil price shock, but makes a significant pro-cyclical response to output and a counter-cyclical reaction to inflation. It also shows that the persistence and volatility of oil price shocks are much stronger than...
This paper illustrates the input-output relationship of logistics industry and other industries basing on the data of China and analyzes the effect coefficient, sensitivity of dispersion coefficient, output ripple effect and price ripple effect. It reveals the status and role of logistics industry for the development of economic, then makes relevant policy recommendations promote the further development...
Abstract-Approval standard of electricity price is currently the focus of discussion in the national wind power industry. How to determine an appropriate electricity tariff to promote the sustainable and healthy development of wind power is the urgent problem that wind power company need to solve. In this paper, a generation cost assessment model for wind power is established, taking the cost accounting...
In China, private placement fund has a major impact on the operation of stock market. Due to the characteristics of private placement fund and the lack of legislation, there are a number of risk factors in the operating of private placement fund. This article introduces the operating state of private placement fund in China, and analyzes the characteristics of the risk. In the last part, on the basis...
This research focuses on the issue of pricing in C2C commerce, and the relationship between pricing and customer's perception. Basing on the theories in marketing and psychology, using observation data from Taobao, this paper divides most popular goods into 5 series, takes peak value and sales volume of them, in order to find the most logical pricing level for them. Moreover, the environment of China...
In this study, According to logic of business diversification and firm performance, assuming exists an optimal degree of diversification enterprises under certain conditions, according to empirical analysis of 109 listed companies, we get two conclusions: First, the higher level of diversification of listed companies, its Price-earnings Ratio is lower, that is to say it is harder to get approval by...
Longevity risk pose a major challenge for life insurers and pension funds around the world. As a new risk management tool, securitization can offer great opportunities for hedging this risk. The purpose of this paper is to improve the design of longevity bonds in an incomplete market framework. The paper develops a stochastic survival model suitable for financial pricing and risk management applications...
Energy tax implementation is critical for the environmental protection and economic sustainable development of China, and the production cost and energy consumption price will accordingly rise as a result of the extra energy tax cost incurring. In this situation, a clean living environment is helped to be established because of the declining social demand for traditional energy and the application...
The credit risk measurement of the Small and Medium Enterprises (SMEs) is a big problem in resolving their financing difficulties. In this paper, by improving the precision of parameters, we use the improved KMV model to identify the credit risk of listed SMEs in China. The model effectiveness test indicates that the KMV model after adjusting parameters is sensitive to the changes of credit risk,...
In this paper, reasonable cost-sharing steps and the corresponding counting model of various types of transmission services were elaborated.On this basis, the transmission price formation mechanism was discussed. In deciding the principles of transmission cost allocation, the thinking of large scale system theory with voltage level decomposition was applied so that cost allocation model reflects the...
At present, because of different environment among cities, enhance liquidity of the labor force between different cities. At the same times, housing price is the main expense of resident flowing between cities, which stands for the willingness to pay for the urban environment. Through the demonstration of 35 major cities in this research, it shows that the urban environment dominates the urban housing...
An important reason for rising prices is the market monopoly, and Lerner index is an important indicator to measure the degree of market monopoly. Based on the real estate sales prices and sales data, the real estate market monopoly degree was calculated. The results show that China's real estate market monopoly is rather serious is one of the important reasons for the failure of China's real estate...
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