Next >

Resources, Power, and Economic Interest Distribution in China

Preface Research questions Exploration of the research questions Notes Power and economic power paradigm The concept of power Historical basis of the economic power paradigm Primitive society: the gradual formation of power relations Agricultural society: a relatively closed and unbalanced power structure Early industrial society: from single-element to a multi-element power structure The power structure of 20th century industrial society The logic behind the emergence of an economic power paradigm Classic assumptions of economic man Perfectly rational economic man in neoclassical economics The assumption of hounded rational economic man From transaction economic man to the contract economic man Economic power and corporate contractual arrangements The formation and allocation of the corporate right of internal control The nature of the firm's contract The view of power iv. the view of efficiency The residual value and Jinn’s right of control The firm’s pricing mechanism and interest distribution The firm’s residual income Economic power and corporate governance The firm's pricing function anti distributional effects Economic power and firm performance Cooperation between human capital and material capital Income distribution and the Jinn’s performance Notes Theory of transaction price based on the power paradigm Review of price theories Equilibrium vs. disequilibrium price theory The price theory of new institutional economics Price theory of information economics Limitations of existing price theories Market power and its formation Market power and its characteristics The subjects of power and market behavior Power games and price formation Re-defining economic rationality The power games among market players and price equilibrium Price determination in goods market Price dispersion in the e-commerce market Commodity pricing properties Equilibrium price vs. transaction price The distribution function of price Transaction mode and the bargaining process The bargaining model and transaction price Economic power and market efficiency Notes Price determination in financial market The microstructure of financial markets The essence of financial goods pricing determination The power to decide interest rates and market interest rate determination Interest rate determination in formal financial markets Interest rate determination in informal financial markets Capital, information, and the determination of securities pricing Re-thinking the equilibrium process of securities pricing Impact of the quantity of capital on pricing strategy Notes Price determination in labor market A review of labor market theories The ordinary labor market The influence of collective wage negotiation by unions The highly skilled labor market The formation of a highly skilled labor market Characteristics of a highly skilled labor market Human-capitalization of skills and its effects The senior management labor market The emergence of the senior management labor market and related theories The determination of senior management compensation Manager’s incentives and compensation adjustment Theoretical foundations and boundaries for government intervention Market failure and economic power out of control Scope and manifestation of economic agent’s power The root cause of market failure: economic power out of control Theoretical foundations for executive power intervention in economic activities The limitation of market's ability to adjust Government regulations and adjustment controls Power games among consumers, firms, and government based on externalities Theoretical boundaries for the intervention of government executive power The influence of government executive power on the boundaries of firms’ economic power Nash equilibrium of power games between consumers and firms with government participation Case study: the effects of government regulation Notes Economic power structure and the optimal allocation of production factors Economic power and factor allocation The symmetry between power and responsibility and economic efficiency Economic power and economic interest distribution Power reciprocity and market clearing Institutional change with power as the underlying logic The nature of institutions Equilibrium of power games and the endogeneity of institutions A model of economic institutional change Notes Conclusions of the research based on power paradigm Prospects of the research based on power paradigm The current situation of wealth distribution and the predicament of common prosperity The way to the common prosperity under the power paradigm Notes Afterword

Next >

Economic power and economic interest distribution
Let (q,t) be the contract that economic agents A and В reached after bargaining, q is the output brought out by B's inputs, and t is the transfer payment by A to В for B's inputs, which is B’s reward. The value of output q...
(Resources, Power, and Economic Interest Distribution in China)
Theoretical perspectives: Securitisation, normative power and economic interests
Securitisation is a ‘speech act’ (Zayzda, Ash-Shafikh and Kusuma, 2019). It is the intersubjective establishment of an existential threat demanding urgent use of extraordinary countermeasures. The main argument of securitisation theory is that, by uttering ‘security’ something is done. ‘It...
(The East African Community: Intraregional Integration and Relations with the EU)
Yang Ruilong, Professor of School of Economics, Renmin University of China: Emphasizing the Bottom-Line Management While Facing New Challenges Under
the Conditions of the “New Normal” Thanks for the invitation, and congratulations to Xiamen University for hosting the macroeconomic conference report continuously. “New normal” is, in fact, to describe a state of decline of potential economic growth rate. There is a little comfort though the...
(China’s Macroeconomic Outlook Quarterly Forecast)
Economic Interests
From an economic perspective, too, the Persian Gulf is of enormous importance to Iran as most of Iran’s energy resources are located in provinces which abut the Gulf or are located on its continental shelf. National Identity Despite the persistent myth that Iran was called Persia before the...
(Security and Bilateral Issues between Iran and its Arab Neighbours)
Economic interests and education policies
The previous paragraphs have illustrated how Brazilian politicians since the 1960s pursued, in general terms, the objective of industrializing their economy and to achieve economic growth. Second, there were certain continuities in their politics. For instance, ISI was maintained by the military regime...
(Varieties of Economic Inequality)
ECONOMIC AND DISTRIBUTIONAL EFFECTS OF TAX EXPENDITURE LIMITS
Len Burman, Eric Toder, Daniel Berger, and Jeffrey Rohaly Tax expenditures are special tax rules in the form of deductions, exclusions, credits, and favorable rates that benefit selected activities, industries, or groups of taxpayers. Since Stanley Surrey originally popularized the concept in...
(The economics of tax policy)
Functions and powers ORR’s economic functions
Network Rail regulation4 ORR holds Network Rail to account for delivering what it promised - at the amount it agreed to do it for under the 5 year periodic review set by ORR - and requires it to provide passengers with a punctual, reliable service. ORR does this by • holding Network Rail to account...
(The Governance of Regulators Governance of Regulators’ Practices: Accountability, Transparency and Co-ordination)
Services of general economic interest in primary law
In primary EU law, a number of provisions refer to services of general economic interest, without, however, providing a definition of this concept. Article 106(2) TFEU (ex Article 86(2) EC) stipulates that: ‘Undertakings entrusted with the operation of services of general economic interest or having...
(EU consumer law and human rights)
Services of general economic interest
Besides the cultural state aid derogation, the TFEU also foresees a special status for SGEI. While these services remain undefined in the TFEU, they are generally assumed to be important for and open to all consumers (Gromnicka, 2005: 492; Nicolaides et al., 2005: 48). According to the Commission's Communication...
(Cultural Governance and the European Union: Protecting and Promoting Cultural Diversity in Europe)
Interest groups in China’s environmental foreign relations
Global environmental governance is. in essence, relational. The 1972 United National Conference on the Human Environment (Stockholm Conference) symbolises the beginning of “an expression of a changing view of mankind’s relationship to the earth”.1 It pointed out the unsustainability of the obsession...
(China’s Environmental Foreign Relations)