主管:中国科学院
主办:中国优选法统筹法与经济数学研究会
   中国科学院科技战略咨询研究院
Articles

The Analysis of Pricing Power of Preponderant Metal Mineral under the Perspective of Intergenerational Equity and Social Preferences ——An Analytical Framework Based on Cournot Equilibrium Model

Expand
  • 1. School of Business, Central South Unversity, Changsha 410083, China;
    2. Institute of Metal Resources Strategy, Central South University, Changsha 410083, Hunan, China

Received date: 2013-11-03

  Revised date: 2014-07-23

  Online published: 2016-01-28

Abstract

The lack of pricing power of preponderant metal minerals in China exerts significant impact on economic growth and economic security of our country, which causes related models established by many scholars to explain it. So in this paper, intergenerational equity equilibrium and social preferences equilibrium are combined with Cournot model to solve the technological problem of intergenerational compensation and strategic value compensation. And by calculating market demand of preponderant metal minerals and setting up tax subjects, statistics concerned development compensation could be obtained and results of theoretical model could be verified by examples. The conclusion of the theoretical model and the numerical simulation shows that intergenerational equity equilibrium and social preferences equilibrium enhance international trade market power of preponderant metal minerals owing to the production of intergenerational value and strategic value. However, the impact exerted on market power by social preference is inconsistent, that is, changes of altruistic Cournot equilibrium and reciprocal inequity Cournot equilibrium are consistent, while inequity aversion Cournot equilibrium has the characteristic of loss aversion, namely, under the consideration of inequity aversion Cournot competition, Counot-Nash equilibrium transform monotonically with sympathy and envy of inequity aversion. The conclusions and theoretical models achieve the effective combination between sustainable development concept and value evaluation thinking and expanding the theoretical framework for the lack of pricing power of mineral resources, and establish provide new thinking and analysis theoretical framework for pricing power explanation of related merchandise trade.

Cite this article

ZHONG Mei-rui, ZENG An-qi, HUANG Jian-bai, CHEN Jin-yu . The Analysis of Pricing Power of Preponderant Metal Mineral under the Perspective of Intergenerational Equity and Social Preferences ——An Analytical Framework Based on Cournot Equilibrium Model[J]. Chinese Journal of Management Science, 2016 , 24(1) : 47 -55 . DOI: 10.16381/j.cnki.issn1003-207x.2016.01.006

References

[1] 胡锦涛.高举中国特色社会主义伟大旗帜, 为夺取全面建设小康社会新胜利而奋斗-在中国共产党第十七次全国代表大会上的报告[R/OL].(2007-10-15)[2007-10-25].paper.people.com.cn/rmrb/html/2007-10/25/content_271984.htm.

[2] 胡锦涛.坚定不移沿着中国特色社会主义道路前进为全面建成小康社会而奋斗-在中国共产党第十八次全国代表大会上的报告[R/OL].(2012-11-08)[2012-11-18].www.gmw.cn/sixiang/2012-11/18/content-5725672.htm.

[3] Zhong Meirui, Chen Jieyu. Strategic equilibrium price analysis and numerical simulation of preponderant high-tech metal mineral resources[J]. Transactions of Nonferrous Metals Society of China, 2013, 23(10):3153-3160.

[4] Hotelling H. The economics of exhaustible resources[J]. Journal of Political Economy, 1931, 39(2): 137-175.

[5] Hartwick J M. Intergenerational Equity and the Investing of Rents from Exhaustible Resources [J]. American Economic Review, 1977, 67 (5) : 972-974.

[6] Fattouh B. OPEC pricing power: The need for a new perspective[J].Oxford University Press, 2007, 158(23).

[7] Kaufmann R K. The mechanisms for autonomous energy efficiency increases: A cointegration analysis of the US Energy/GDP ratio[J]. The Energy Journal, 2004, 25(1):63-86.

[8] Rubinstein A. Perfect equilibrium in a bargaining model[J]. Econometrica, 1982, 50(1):13-21.

[9] 章洁.我国稀土产品出口定价权缺失问题与原因分析[J].北方经济, 2010, (7):66-67.

[10] 王正明, 张许静.稀土资源税对"寡头"国出口市场势力的影响研究[J].经济经纬, 2012, (2):52-55.

[11] 蒋舒, 吴冲锋.中国期货市场的有效性:过度反应和国内外市场关联的视角[J].金融研究, 2007, (2):49-62.

[12] Alexander R, Achim W, Kristina W. Bargaining and inequity aversion: On the efficiency of the double auction[J]. Economics Letters, 2012, 114(2): 178-181.

[13] Marc G, Oliver G. Inequality aversion and externalities[J]. Journal of Economic Behavior & Organization, 2012, 84(1):111-117.

[14] Caleb C A. Inequity aversion and advantage seeking with asymmetric competition[J]. Journal of Economic Behavior & Organization, 2013, 68: 121-136.

[15] Santos-Pinto L. Making sense of the experimental evidence on endogenous timing in duopoly markets [J]. Journal of Economic Behavior & Organization, 2008, 68(3): 657-666.

[16] 李真, 孟庆峰, 盛昭瀚.考虑公平关切的工期优化收益共享谈判[J].系统工程理论与实践, 2013, 33(01): 82-91.

[17] 王磊, 成克河, 王世伟.考虑公平关切的双渠道供应链定价策略研究[J].中国管理科学, 2012, (S2):563-568.
Outlines

/