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Abstracts of Papers Published by Faculty of Tsinghua Institute of Economics

The Sixth Issue

[1] He Guoqing, Long Denggao, Liu Qiping. Altruism, Social Preference and Economic Analysis [J] Economics Information, 2016,11:59-60
【Abstract】 For a long time, hypothesis of self-profiting rational man has been the core proposition of new classical economics. The economic thoughts of altruism including new classical economics were covered in works written by famous economists such as Smith and Pareto. In the late twentieth century, taking the advantage of the development of economic imperialism and behavioral economics, the altruism hypothesis became a leading-edge economics theory. Building on the study of previous work, we extend Smith's altruism and fairness preference theory, Pareto's statement on identity and social norms and Coase's analysis of enterprise command economy, take actors' utility function as the multiplication of diverse social preferences, and allow actors to make a dynamic adjustment of their preference index to respond to ever-changing social relations. In addition, we model system rules as actors' 0-1 decision factor (compliance or breach) and put forward an effect model of altruism based on an adaptable social preference.

[2] Li Bangxi, Cui Zhen. The Study on the Economic Role Relationship of China's State-owned Enterprises and Private Enterprises--Dynamics Evolution Model-based Analysis. [J] Contemporary Economic Research, 2016, 09:44-51.
Abstract:More than 30 years of economic reform and practices in China shows that China has made great progress in building a socialist market economy with Chinese characteristics. However, there still exists controversy in the academic world about the contribution that state-owned enterprises and private enterprises, two major players in socialist market economy with Chinese characteristics, made to China's economic development. On the one hand, according to the Bio-dynamics model while guiding private enterprises towards the path of rational development as the regulator for economic development, state-owned enterprises can stand independently from private enterprises and ensure ongoing development of the national economy. On the other hand, the introduction of private enterprises can enable market competition mechanisms to be more effective, which will in turn provide impetus to the overall economic performance and improve the overall economic efficiency.