虚拟经济与实体经济互动发展的边际溢出效应分析

虚拟经济是指以金融系统为依托,通过虚拟资本运作而获取未来资本价值增值的经济活动,其主要构成部分包括银行、证券、基金、保险等部门;实体经济则是以社会物质资源为对象,以实物形式和货币形式为社会创造财富的经济活动,其主要构成部分包括农业、工业、交通运输业、商业、建筑业、邮电业等部门。就中国在1978～2004年期间虚拟经济与实体经济互动发展的边际溢出效应进行实证分析,结果表明中国虚拟经济部门产出对实体经济部门产出的边际溢出效应大于实体经济部门对虚拟经部门的边际溢出效应,这说明在1978～2004年期间中国虚拟经济与实体经济互动发展基本上是处于“供给引导型”阶段。     

实Banach空间中渐近半压缩映射的强收敛性

利用新的分析技巧,建立了任意实Banach空间中具随机误差的Ishikawa迭代法生成的序列{xn}强收敛于渐近半压缩映射的不动点的一些充要条件.作为应用,证明了Oslike和Aniagbosor最近的q-一致光滑实Banach空间中渐近半压缩映射的不动点的迭代逼近的一主要结果(它本身主要是1998年Osilike的一定理的一般化)能被延拓至任意实Banach空间上,并给出了Ishikawa迭代序列的误差估计,且所用证明方法比已有的简单.     

On the Nonrepresentability of Functions of Several Variables by Quadratures

The paper completes the construction of a multidimensional topological version of differential Galois theory. We construct a rich class of germs of functions of several variables which is closed under superpositions and other natural operations. The main theorem describes the behavior of the monodromy groups of such germs under the natural operations. As a result, we obtain topological obstructions to the representability of functions by quadratures, which give the strongest known statements about unsolvability of equations in closed form.     

管理人因素对风险项目期权估值的影响

本基于对风险项目及其“孪生证券”风险和收益特性的分析，认为真正的“孪生证券”实际中很难存在，进而提出利用“近似孪生证券”与无风险证券构造资产组合来复制实物期权收益特征，利用无风险套利分析确定项目实物期权价值的方法。但考虑到管理人因素造成的实物期权内部风险特征的不可复制性，本进一步提出利用“确定性等值”将内部风险价值V1具体化，从而实现对“近似孪生证券”方法进行修正。     

技术创新与增长期权定价

本采用了净现值(NPV)和实物期权定价方法对一个实际的MMDS的发射放大器项目进行了定价，并对两种方法定价的结果进行了分析和对比。由于实物期权方法定价的结果包含项目中的增长期权和放弃期权的价值，因而实物期权方法定价的结果比NPV方法定价的结果更合理和更高。     

A real options approach for entering the Internet securities trading businesses with start‐up time

This paper uses a real options approach to establish a new evaluation model under uncertainty of both the volume of Internet securities transactions and the total transaction volume of a securities firm. The proposed approach can assist securities firms in evaluating the optimal thresholds for entering the Internet securities trading business and withdrawing from the conventional securities trading business. This paper assumes that the annual number of Internet securities transactions and the total annual number of securities transactions both follow a geometric Brownian motion. Besides, this model considers a start‐up time to complete the entry project's procedure. Accordingly, a decision model based on the real options approach is introduced, and the closed form solutions for the optimal threshold values of the entry or withdrawal models are determined. The conclusions provide some valuable references to help strategic managers of securities firms in making decisions on entering the Internet securities trading business or withdrawing from the conventional trading business. Copyright © 2003 John Wiley & Sons, Ltd.     

The Improvement of Fischer's Inequality and Hadamard's Inequality

ＴｈｅＩｍｐｒｏｖｅｍｅｎｔｏｆＦｉｓｃｈｅｒ＇ｓＩｎｅｑｕａｌｉｔｙａｎｄＨａｄａｍａｒｄ＇ｓＩｎｅｑｕａｌｉｔｙＨｕａｎｇＬｉｐｉｎｇ（黄礼平）（ＤｅｐａｒｔｍｅｎｔｏｆＢａｓｉｃＳｃｉｅｎｃｅｓ，ＸｉａｎｇｔａｎＭｉｎｉｎｇＩｎｓｔｉｔｕｔｅ，...     

Hypersurface with Constant Main Curvature Symmetric Functions

ＨｙｐｅｒｓｕｒｆａｃｅｗｉｔｈＣｏｎｓｔａｎｔＭａｉｎＣｕｒｖａｔｕｒｅＳｙｍｍｅｔｒｉｃＦｕｎｃｔｉｏｎｓ￥ＷｕＢａｏｑｉａｎｇ；ＳｏｎｇＨｏｎｇｚａｏ（ＸｕｚｈｏｕＴｅａｃｈｅｒｓＣｏｌｌｅｇｅ，２２１００９）（ＨｅｎａｎＵｎｉｖｅｒｓｉｔｙ，...     

复射影空间和四元数射影空间中广义赤道的一个新特征

本文研究复射影空间ＣＰ＾ｎ和四元数射影空间ＱＰ＾ｎ中的紧致极小超曲面，对其上Ｊａｃｏｂｉ算子的最小特征值给出了一个最佳上界估计，由此给出了ＣＰ＾ｎ和ＱＰ＾ｎ中广义赤道的一个新的特征。     

An invariant trace formula for the universal covering group of SL(2,ℝ)

Automorphic forms of arbitrary real weight can be considered as functions on the universal covering group of SL(2, ). In this situation, we prove an invariant form of the Selberg trace formula for Hecke operators. For this purpose, the Fourier transforms of weightet orbital integrals, obtained by J. Arthur, R. Herb and P. Sally, jr., are explicitly calculated. Our formula does not follow from Arthur's invariant trace formula, since the group has infinite centre, and vector-valued automorphic forms with respect to non-congruence lattices are considered.