The investment in green technology in the process of product design and production is viewed asa powerful tool for sustainable development and carbon emission reduction However,the substantial cost and pressure of com...The investment in green technology in the process of product design and production is viewed asa powerful tool for sustainable development and carbon emission reduction However,the substantial cost and pressure of competition weaken incentives for manufacturers to engage in green technology.In this paper,we consider two competitive manufacturer-retailer supply chains,where each manufacturer sells partially substitutable products through the exclusive retailer,study green technology investment selection by manufacturers,and examine the efficacy of retailer cost sharing scheme.Our analysis shows that a dominant equilibrium strategy for both manufacturers is to invest in green technologies,whether cost sharing is in place or not.Retailer sharing the cost of manufac turer green technology investment can avoid firms'preference confliction over the green technology investment and improve social welfare simultaneously when both the cost-sharing rate and the degree of product/channel competition are relatively low.We also find that green technology investment by manufacturers does not necessarily curb total carbon emission,and the cost sharing can either strengthen or weaken the carbon emission reduction of green technology investment.展开更多
Blockchain technology plays a very positive role in promoting the development of the port supply chain.Although there are some practical examples of blockchain in the port supply chain(eg.Trade Len or Cargo Smart),the...Blockchain technology plays a very positive role in promoting the development of the port supply chain.Although there are some practical examples of blockchain in the port supply chain(eg.Trade Len or Cargo Smart),there are few application scenarios.Therefore,blockchain technology has yet to be widely used in the port industry.This may be related to the construction of blockchain.This paper analyzes the impact of blockchain technology on the port supply chain and the technology sharing on the shipping market.It is found that the investment of blockchain technology in a competitive environment has different characteristics.When the efficiency of technology investment and the proportion of market expansion reach a certain combination,there are two different equilibrium strategy choices:Only technology investment or technology sharing.Based on the above research results,this paper further investigates the results of the comprehensive influence of different factors such as competition intensity and market expansion proportion.展开更多
In this research, the materials and the compositions of the surface slurries were chosen by considering the characteristics of Ti investment casting. The effects of solid-liquid ratios on the properties of the slurry ...In this research, the materials and the compositions of the surface slurries were chosen by considering the characteristics of Ti investment casting. The effects of solid-liquid ratios on the properties of the slurry and the effects of baking temperatures on the flexural strength have also been investigated. Flawless shells having smooth inner surface were manufactured with proper technology. Ti and its alloys were melted and poured by water-cooled Cu crucible vacuum induction furnace. The qualities of the investment castings made accordingly were studied and analyzed.展开更多
Hongkong’s smooth return creates vast prospect and numerous opportunities for Guangdong-Hongkong economic cooperation. Over the past decade the cooperation has gone a long way, from non-governmental to governmental, ...Hongkong’s smooth return creates vast prospect and numerous opportunities for Guangdong-Hongkong economic cooperation. Over the past decade the cooperation has gone a long way, from non-governmental to governmental, from processing trade to high technology. Presently, it has become a highprofile activity which covers various areas.More than 20,000 representatives from 5,063 corporations participated the symposium. And 1,559 agreements, involving $ 13.159 billion, were signed. Of the investment, $8.7851 billion, or 66.8 per cent is from overseas investors. Of the agreements, 810 or 65 per cent, are high new展开更多
No. Name of Project Cooperative Estimated Foreign Invest- Chinese Partner Form Investment ment(USD) (USD)Machine-Building Industry1 Joint production of J.V 2.94 M Shijiazhuang Boiler Works high performance low polluti...No. Name of Project Cooperative Estimated Foreign Invest- Chinese Partner Form Investment ment(USD) (USD)Machine-Building Industry1 Joint production of J.V 2.94 M Shijiazhuang Boiler Works high performance low pollution circulating fluidized bed boiler2 High-voltage insulator J.V 9M 6M Shijiazhuang Electric production line Ceramic Factory3 Enlargement of pro- J.V 18 M 8 M Shijiazhuang Building duction capacity of Machinery Factory air cooled展开更多
This paper applies the Pairwise Panel Granger Causality test to examine the relationship between ICT （information and communication technology） expenditure and the rate of growth of GDP （gross domestic product） pe...This paper applies the Pairwise Panel Granger Causality test to examine the relationship between ICT （information and communication technology） expenditure and the rate of growth of GDP （gross domestic product） per capita. This is accomplished by using cross-country time-series data for a total of 70 developed and developing countries for the period from 2003 to 2008. The study reveals that the existence of causality and its direction differ across different income-group of countries and over the number of lags included. ICT investment expenditure as a percentage of GDP appears to cause the rate of growth of GDP per capita for the high income group and all income groups combined with lags higher than one year. However, for the upper- and lower-middle income groups, the study detects causality in neither direction. Also, when only one lag is included, the study suggests no causality in either direction for any of the income-groups of countries.展开更多
Viewing investment projects in new technologies as real options, this paper studies the effects of endogenous competition and asymmetric information on the strategic exercise of real options. We first develop a multi-...Viewing investment projects in new technologies as real options, this paper studies the effects of endogenous competition and asymmetric information on the strategic exercise of real options. We first develop a multi-period, game-theoretic model and show how competition leads to early exercise and aggressive investment behaviors and how competition erodes option values. We then relax the typical full-information assumption found in the literature and allow information asymmetry to exist across firms. Our model shows, in contrast to the literature that payoff is independent of the ordering of exercise, that the sequential exercise of real options may generate both informational and payoff externalities. We also find some surprising but interesting results such as having more information is not necessarily better.展开更多
基金Supported by the National Social Science Fund of China(16BGL079)。
文摘The investment in green technology in the process of product design and production is viewed asa powerful tool for sustainable development and carbon emission reduction However,the substantial cost and pressure of competition weaken incentives for manufacturers to engage in green technology.In this paper,we consider two competitive manufacturer-retailer supply chains,where each manufacturer sells partially substitutable products through the exclusive retailer,study green technology investment selection by manufacturers,and examine the efficacy of retailer cost sharing scheme.Our analysis shows that a dominant equilibrium strategy for both manufacturers is to invest in green technologies,whether cost sharing is in place or not.Retailer sharing the cost of manufac turer green technology investment can avoid firms'preference confliction over the green technology investment and improve social welfare simultaneously when both the cost-sharing rate and the degree of product/channel competition are relatively low.We also find that green technology investment by manufacturers does not necessarily curb total carbon emission,and the cost sharing can either strengthen or weaken the carbon emission reduction of green technology investment.
基金National Natural Science Foundation of China(71932002,71774019)。
文摘Blockchain technology plays a very positive role in promoting the development of the port supply chain.Although there are some practical examples of blockchain in the port supply chain(eg.Trade Len or Cargo Smart),there are few application scenarios.Therefore,blockchain technology has yet to be widely used in the port industry.This may be related to the construction of blockchain.This paper analyzes the impact of blockchain technology on the port supply chain and the technology sharing on the shipping market.It is found that the investment of blockchain technology in a competitive environment has different characteristics.When the efficiency of technology investment and the proportion of market expansion reach a certain combination,there are two different equilibrium strategy choices:Only technology investment or technology sharing.Based on the above research results,this paper further investigates the results of the comprehensive influence of different factors such as competition intensity and market expansion proportion.
文摘In this research, the materials and the compositions of the surface slurries were chosen by considering the characteristics of Ti investment casting. The effects of solid-liquid ratios on the properties of the slurry and the effects of baking temperatures on the flexural strength have also been investigated. Flawless shells having smooth inner surface were manufactured with proper technology. Ti and its alloys were melted and poured by water-cooled Cu crucible vacuum induction furnace. The qualities of the investment castings made accordingly were studied and analyzed.
文摘Hongkong’s smooth return creates vast prospect and numerous opportunities for Guangdong-Hongkong economic cooperation. Over the past decade the cooperation has gone a long way, from non-governmental to governmental, from processing trade to high technology. Presently, it has become a highprofile activity which covers various areas.More than 20,000 representatives from 5,063 corporations participated the symposium. And 1,559 agreements, involving $ 13.159 billion, were signed. Of the investment, $8.7851 billion, or 66.8 per cent is from overseas investors. Of the agreements, 810 or 65 per cent, are high new
文摘No. Name of Project Cooperative Estimated Foreign Invest- Chinese Partner Form Investment ment(USD) (USD)Machine-Building Industry1 Joint production of J.V 2.94 M Shijiazhuang Boiler Works high performance low pollution circulating fluidized bed boiler2 High-voltage insulator J.V 9M 6M Shijiazhuang Electric production line Ceramic Factory3 Enlargement of pro- J.V 18 M 8 M Shijiazhuang Building duction capacity of Machinery Factory air cooled
文摘This paper applies the Pairwise Panel Granger Causality test to examine the relationship between ICT （information and communication technology） expenditure and the rate of growth of GDP （gross domestic product） per capita. This is accomplished by using cross-country time-series data for a total of 70 developed and developing countries for the period from 2003 to 2008. The study reveals that the existence of causality and its direction differ across different income-group of countries and over the number of lags included. ICT investment expenditure as a percentage of GDP appears to cause the rate of growth of GDP per capita for the high income group and all income groups combined with lags higher than one year. However, for the upper- and lower-middle income groups, the study detects causality in neither direction. Also, when only one lag is included, the study suggests no causality in either direction for any of the income-groups of countries.
文摘Viewing investment projects in new technologies as real options, this paper studies the effects of endogenous competition and asymmetric information on the strategic exercise of real options. We first develop a multi-period, game-theoretic model and show how competition leads to early exercise and aggressive investment behaviors and how competition erodes option values. We then relax the typical full-information assumption found in the literature and allow information asymmetry to exist across firms. Our model shows, in contrast to the literature that payoff is independent of the ordering of exercise, that the sequential exercise of real options may generate both informational and payoff externalities. We also find some surprising but interesting results such as having more information is not necessarily better.
