Spot markets cover most transactions. 现货市场涵盖了大多数交易。 Once money is exchanged for goods, the deal is completed. 一旦货币被换成商品,交易即告完成。 The transaction is simple: one party wants, another supplies. 这

发表于:2018-12-31 / 阅读(54) / 评论(0) 分类 经济学人财经系列

In 1991 Coase was awarded the Nobel prize for economics, largely on the strength of these two papers. 1991年,主要是因为这两篇论文的力量,科斯荣获了诺贝尔经济学奖。 But as late as 1972, he lamented that The nature of the

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A well-defined task can easily be put out to the market, where a contractor is paid a fixed sum for doing it. 定义明确的任务可以被轻轻松松地交于市场。在那里,签约人被付给一笔固定的钱来完成这项任务。 The fir

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Briefing 概述 The theory of the firm: Coase call 公司理论:科斯集结令 If markets are so good at directing resources, why do firms exist? 如果市场这么擅长于指挥资源,公司是为什么而存在呢? The first in our series o

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But the latest survey reflected fears that the enthusiasm may have gone too far: 但是最近的一个调查反映已经有人开始担忧是否对科技股的热情过头, 38% of managers thought that betting on tech stocks was the most crowded tr

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Since then, investors have focused their enthusiasm on companies that can exploit network effects and become dominant in their sectorGoogle in internet search, for example. 从此,投资人将热情放在有网络效益且在他们的领域里占领导

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But Messrs Grossman and Hart identified a next-best solution: the party that brings the most to any venture in terms of non-contractible effort should own the key assets, 但是,格罗斯曼和哈特认同了一种次佳的解决方案:在不可合

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Finance and Economics 财经 Buttonwood: Hope rebooted 梧桐树专栏:重燃希望 Tech stocks have regained their dotcom-era highs. 科技股已经重获了信息泡沫时代的高点。 Cast your mind back to when Bill Clinton was president, Ton

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Finance and Economics; The global crash; Japanese lessons; 财经;全球危机;日本教训; After five years of crisis, the euro area risks Japanese-style economic stagnation; 经过五年危机,欧元的状况正冒着日本当年经济模式

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Finance and Economics;Inflation around the world;Parsing prices; 财经;全球通胀;价格分析 Rising inflation is not as worrisome as it appears, at least for now. 通胀没有看上去那么可怕,至少现在如此。 Inflation is b

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Finance and Economics;Better Than Goldman? A Brazilian star heads to market 财经;比高盛还好?巴西投行业明星即将上市 The announcement on March 1st that BTG Pactual plans an initial public offering (IPO) came after weeks of specu

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Finance and Economics;The Dodd-Frank act;Unhappy birthday to you; 财经;多德弗兰克法案;生日不快乐! A tiny Texas bank challenges Dodd-Frank; 小小德州银行挑战多德弗兰克法案; Call the State National Bank of Big Spring,

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Finance and Economics;Spain and the markets;The Spanish patient; 财经;西班牙及市场;西班牙患者; A full bail-out of the euro area's fourth-largest economy is looming; 对欧元区第四大经济体的全面纾困正在逼近;

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Finance and Economics;The world economy;Mountains to climb 财经;世界经济;任重而道远 August was a nerve-racking month for the world economy. September and October will be no better 对世界经济来说,八月是伤脑筋的一个月

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Business;The changes facing fast food;Good and hungry;More than menus need to be revamped if fast-food firms want to keep growing; 商业;整改指向快餐业;美味与饥饿并存;如果快餐业想要持续的增长所要做的远不止改变一

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Finance and Economics;Microfinance in India;Road to redemption;The industry is starting to revive; 财经;印度的小额贷款;救赎之路;小额信贷蓄势再发; India'S microfinance sector was once touted as a saviour of the poor and a good bet

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Finance and Economics;Building euro-zone competitiveness;Ports in the storm; 财经;加强欧元区竞争力之;暴风雨中的港口; Portugal needs to privatise its ports to reap the full benefits of its location. The latest in our series on

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Finance and Economics;Bank capital;Half-cocked Basel; 财经;银行资本;操之过急的巴塞尔; Stop-gap rules on banks' trading books may add perilous complexity. 把银行交易帐户作为权宜之计可能增加了危险的复杂性。 The nn

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Finance and Economics;The euro crisis;A firewall full of holes; 财经;欧元危机;漏洞百出的防火墙; The euro zone's rescue strategy still does not add up; 欧元区救助策略依然一盘散沙; There is a new swagger among European financ

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Finance and Economics;Man and machine; 财经;投资人与经济机器; The economic ideas of the world's most successful hedge-fund boss; 世界最成功的对冲基金经理的经济思想; The most beautiful deleveraging yet seen is how Ra

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