1st Edition

Resources, Power, and Economic Interest Distribution in China

328 Pages 37 B/W Illustrations
by Routledge

328 Pages 37 B/W Illustrations
by Routledge

328 Pages 37 B/W Illustrations
by Routledge

Based on an investigation of economic and resource allocation factors and their close relation to economic power, this book puts forward the power paradigm, a new economic research paradigm revealing the relationship among power, institutions, and resource allocation mechanisms, helping to establish a valid connection between macroeconomics and microeconomics and shedding light on real-world... Read more
Preface;  1. Introduction;  2. Power and Economic Power Paradigm;  3. Economic Power and Corporate Contractual Arrangements;  4. Theory of Transaction Price based on the Power Paradigm;  5. Price Determination in Goods Market;  6. Price Determination in Financial Market;  7. Price Determination in Labor Market;  8. Theoretical Foundations and Boundaries for Government Intervention;  9. Economic Power Structure and the Optimal Allocation of Production Factors;  10. Institutional Change with Power as the Underlying Logic;  11. Conclusions and Prospects of the Research based on Power Paradigm; AfterwordReferencesIndex

Biography

Zhang Yishan, a senior professor in the Business School at Jilin University, has been engaging in the teaching and research of quantitative economics since 1980 and has fruitful achievements in the fields of distribution economics and institutional economics.

Yu Weisheng is Professor in the Business School at Jilin University. He specializes in mathematical economics, decision-making and modeling, economic game theory, and advanced operations research.

Wang Guangliang is Professor in the Business School at Jilin University. He specializes in the research of enterprise contract theory and application of game theory.