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主办:中国人民大学
ISSN 0257-2826 CN 11-1454/G4
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A Review of Chinese Researches on Stock Market Bubbles
LI Shi-yin, YANG Qian
Teaching and Research 2007, (
12
): 80-85.
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1266
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Based on the recent theoretical and empirical contributions in the bubble research,many Chinese researchers have been devoted to the bubble examination for the Chinese stock market.However,it is concerned that the research just started with weak theoretical inferences and insufficient empirical evidences,which stop the research stepping forward to explain the real-world behaviors in stock markets.This paper is dedicated to reviewing the literatures on bubble studies in the Chinese academia with the purpose of expanding the study horizon on bubbles in China.
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A Review of Researches abroad on the Foam in the Stock Market
LI Shi-yin, YANG Qian
Teaching and Research 2006, (
9
): 83-88.
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1169
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Twenty years of research on ineffective of marketing has resulted in two major sub-theories,namely,the school of rational foam and behaviorist finance.The behaviorist finance is still considered the basic theoretical foundation of ineffective marketing.However,the author maintains that the primary research topics of ineffective marketing theory are justification,estimation and explanation of the foam.Only with the establishment of a well-grounded theory of foam with sufficient evidence can the ineffective marketing theory challenge the effective marketing theory,and in turn,lend theoretical support for researches on marketing behaviors.
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Institutions, Institutional Evolution and Game Equilibrium
LI Jun-lin, LI Shi-yin
Teaching and Research 2001, (
10
): 44-50.
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1142
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The author points out that evolutionary game theory has inserted significant influence on the new systemic economics ever since it was introduced into this study area. It has offered a different interpretation of the transition of systems, though. Three methods of analysis are prominent today. They are a theory of the evolutionary emergence of social conventions, a theory of exchange or contract, and a bargaining theory. These theories are inter complementary to a certain degree. Therefore, integration of the three seems to be the only way to reach satisfactory solutions to problems.
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