Browsing by Author "Hu, JL"

Now showing 1 - 6 of 6

"Buy domestic" campaigns and optimal tariffs
(2003-10-01)
Chiou, JR
;
Hu, JL
;
Lin, YS
;
經營管理研究所
;
Institute of Business and Management
This paper attempts to analyze the strategic use of optimal tariffs and to examine the effects of national bias on the optimal trade policy and social welfare in a two-country, two-good, price competition model derived from Neven et al. (1991). The major findings are as follows. (1) If all consumers prefer the domestic good, then "buy domestic" campaigns will decrease the prohibitive tariff rate and increase local welfare. (2) If at least some consumers prefer the foreign good, but not to a great extent, then "buy domestic" campaigns will not change the optimal tariff rate, but may improve local welfare. (3) When all consumers greatly prefer the foreign good, then promotion of "buy domestic" decreases the optimal tariff rate, but it cannot improve social welfare. With this framework, we also prove that "buy domestic" campaigns serve as a substitute for tariffs with respect to a strategic trade policy.
Ownership and production efficiency: Evidence from Taiwanese banks
(2004-07-01)
Li, Y
;
Hu, JL
;
Chiu, YH
;
經營管理研究所
;
Institute of Business and Management
In the early 1990s, Taiwan began her deregulation trend in order to enhance competition and economic efficiency across all industries. We derive a theoretical framework to predict possible rankings in technical efficiencies of public, mixed, and private banks. A panel data set with 43 Taiwanese banks during 19971999 is used for empirical analysis. We then apply a translog distance function to estimate technical efficiencies. The relationship between technical efficiency and government shareholding is also examined. Empirical results show that a public bank in Taiwan can improve its technical efficiency by mixed ownership at a diminishing rate. Moreover, banks in Taiwan on average performed worse after the 1997 Asian financial crisis.
Payment types and number of franchisees
(2003-09-01)
Chiu, YH
;
Hu, JL
;
經營管理研究所
;
Institute of Business and Management
Current studies of the franchise system usually assume that the number of franchisees is exogenous and irrelevant to the payment types. However, to a franchise system or a franchiser the optimal number of franchisees is related to the payment types, e.g., franchise fee, royalty, etc. We develop a game-theoretical model and then use 1998 Bond's Franchise Guide Data for US franchise stores in order to test the theoretical predictions. According to our theoretical predictions, the optimal number of franchisees under a royalty is strictly less than that under a franchise fee. This is because royalties distort the effort incentive of franchisees and the franchiser can increase average revenue by having a smaller number of franchisees. A franchise fee will not distort the effort incentive of franchisees and can help achieve a higher profit for both the franchiser and the franchise system. When demand is certain, the optimal royalty rate to the franchise system is zero. Under a royalty payment, the royalty rate will be greater than zero if the franchiser maximises its own profit. Empirical results support our theoretical predictions: there is no significant relationship between franchise fee and number of franchisees. The number of franchisees has a significantly negative relationship with royalties, while it is significantly and positively correlated with the experience of the franchise system, area, training, and advertising fees required by the franchiser.
Taking CO2 emissions into a country's productivity change: The Asian growth experience
(2005-09-01)
Lo, SF
;
Sheu, HJ
;
Hu, JL
;
管理科學系
;
經營管理研究所
A country's macroeconomic policies have two basic objectives: to provide its citizens with a means to make a better living and a preferable environment. For the past decades, accompanying its fantastic economic growth, fast-developing Asia has become one of the major contributors to the increase of global carbon dioxide emissions. This paper analyzes productivity growth of ten Asian countries, namely, China, Japan, the NIEs and the ASEAN-4, by examining their outputs from economic performance and environmental impact standpoints. Productivity growth and its components are calculated using the Malmquist index. There appears to be a widening gap between the productivity growth trends without/with CO2 emissions of the ten Asian economies. This implies that the factor of productivity could be over-emphasized at great cost to the environment. A cross-country comparison analysis, considering CO2 emissions, shows that the productivity of China and ASEAN-4 deteriorated while the productivity growth of Japan and NIEs performed much better.
Time factors of patent litigation and licensing
(2003-06-01)
Aoki, R
;
Hu, JL
;
經營管理研究所
;
Institute of Business and Management
This study incorporates the concept of time into an analysis of patent litigation and licensing. We show that increasing imitation or litigation costs with a longer imitation lag or litigation time may have effects on licensing, settlement, and fees other than increasing the pecuniary costs. A higher pecuniary imitation cost always benefits the patentee and hurts the imitator. However, the patentee may prefer faster imitation to induce ex ante licensing, while the imitator may prefer slower imitation to reduce the settlement fee. We also show that both parties may find longer litigation beneficial, unlike higher legal costs.
Under the shadow of Asian Brown Clouds: Unbalanced regional productivities in China and environmental concerns
(2005-12-01)
Hu, JL
;
Sheu, HJ
;
Lo, SF
;
管理科學系
;
經營管理研究所
China has seen rapid economic growth over the past two decades, but severe environmental problems have accompanied this, such as the looming danger of Asian Brown Clouds. This paper analyzes the regional development of China by examining economic performance and environmental factors. Technical efficiency and productivity changes in 31 regions of China are computed for the period 1997-2001. In the case of regional GDP, the fast-developing eastern (coastal) regions experience higher technical efficiency and productivity growth than the inland central and western regions. When environmental factors are incorporated, the eastern regions still perform better than inland regions, both from static and dynamic analysis. This phenomenon is termed the 'double deterioration' of the inland areas in China. Double deterioration is attributed to the lack of economic resources to replace highly-polluting production equipment and technology in those less developed regions.