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March 14, 2010
by Liyun
2 Comments

What Do We Pay For Asymmetric Information? The Mechanism Evolution of Reputation, Punishment and Barriers to Entry in Online Markets

Well, in fact it is not a piece of news. It is the title of a paper I wrote last winter. After finishing it, I went on doing something else and forgot it. Now it is already a new spring, … Continue reading

September 12, 2009
by Liyun
0 comments

NO.2 Will "Shan Zhai Pin" (the bad productions made by household workshop) take place of good-quality goods?

Idea: Like “Lemon Market”, “Shan Zhai Pin” has a lower standard of quality with a lower cost, so if it cannot be easily distinguished from good-quality goods, then there will be the situation like “bad money drives out good”. I’d … Continue reading