Social and Behavioral Sciences Commons^™

A Risk-Averse Newsvendor Model With Pricing Consideration, Zuobin Ye

Lingnan Theses and Dissertations (MPhil & PhD)

A decision maker who is facing a random demand for a perishable product, such as newspapers, decides how many units to order for a single selling period. This single-period inventory problem is often referred to as the "classic newsvendor problem", in which the selling price is fixed, the order must be made before the selling period, and the decision maker is risk-neutral. If the decision maker orders too many (overage), the inventory cost will be too high. If the decision maker orders too few (underage), the potential profit will be lost. The optimal order quantity is a balance between the …

The Lingnan Commentary - April 2004 (No. 9), Hong Kong Institute Of Business Studies, Lingnan University

The Lingnan Commentary 嶺南評論 : A Quarterly Review of Economic, Business and Social Issues by Lingnan University

No abstract provided.

Globalization, Unemployment, And Excess Capacity : A Model And A Conjecture, Lok Sang Ho

Centre for Public Policy Studies : CPPS Working Paper Series

Using a theoretical model with an industrial world trading with a developing world and assuming no impediment to capital flows, it is shown that an abundant supply of unskilled labor will render real wages for the unskilled close to the subsistence level and will result in excess capacity. The rate of return for traditional manufacturing investment at the margin will decline so funds will seek to invest in financial assets and real property, boosting their prices. Under reasonable assumptions about the income elasticity and the price elasticity of demand for manufacturing products in rich and poor countries, it is shown …

Privatization Of Public Housing : Did It Cause The 1998 Recession In Hong Kong?, Lok Sang Ho, Wai Chung, Gary Wong

Centre for Public Policy Studies : CPPS Working Paper Series

This paper finds evidence that a public housing privatization program produced adverse effects on housing transactions and the economy in Hong Kong. A scheme announced in December 1997, offering tenants an opportunity to buy their units at deeply discounted prices, reduced public housing tenants’ bids for private homes and adversely affected home transactions. This effect is more pronounced than the effects of the Asian Financial Crisis. An effect on housing prices is also indirectly demonstrated though a demonstration that a structural break in the housing price relationship occurred at the time the privatization program is introduced. Declines in housing prices …

The Economic Challenges For The New Chinese Leadership, Yue Ma, Ping Wang

CAPS Working Paper Series

"The Impact of China's Accession to the WTO" 中國入世後的初步分析

This paper will first review the early concerns about China's entry to the WTO. Then we will evaluate the preliminary impact of the WTO membership on the Chinese economy, which turned out to be better than expected. We also discuss the current international debate on the Chinese currency renminbi revaluation and suggest that a gradual improvement of the current Chinese rigid exchange rate system will be inevitable.

Finally we will explore the potential problems and challenges to both economies of mainland China and Hong Kong in the future. We argue that …

Impacts Of Banking Sector On The Chinese Economy : Research On The Monetary Transmission Mechanism, Shu Yee, Zoe Liaw

Theses & Dissertations

Researches on impacts of the banking sector on economic performance are not only provided for those developed economies such as the United Kingdom, the United States, Germany, and Japan, but also for those developing economies, such as South American, Asian and Eastern European countries. In this research, empirical approach has been adopted to explain the monetary transmission mechanism to document the characteristics of the bank lending channel in China since her implementation of the open-door policy. We study how bank loans are transmitted into changes in the economy reflected by variables such as real GDP and inflation. Furthermore, the key …