船舶拍卖实务问题研究

船舶拍卖是海事审判中独具特色的法律制度。虽然《海诉法》对此作出了系列规定 ,但在船舶拍卖实务中仍然存在诸多问题。文章根据船舶拍卖的性质对拍卖公告期限、债权登记、确权诉讼、拍卖价款的受偿等问题从实务方面进行了探讨     

商品住宅价格高位运行的原因及平抑对策

最近几年,商品住宅价格的快速增长,已经引起人们的普遍关注。房价的高位运行,直接影响了社会的稳定和经济的健康发展。房价上涨,除了需求拉动之外,还有开发商的行为不规范、投机等诸多因素所致,本文从多方面入手分析了房价高位运行的原因,并提出平抑房价的对策。     

The impact of real estate agents on house prices near environmental disamenities

The purpose of this paper is to determine the impact of real estate agents on the price of houses that are located close to an environmental disamenity. Our main hypothesis is that real estate agents obtain higher prices than those theoretically expected when the houses are located closer to an environmental disamenity. We attribute this result to agents' ability to effectively match potential buyers to house sellers as well as their influence on bargaining power. Estimates from a sample selection corrected hedonic model suggest that the percentage increase in the house price obtained by a real estate agent is greater than the commission rate.     

Information Transmission Among World Major Gold Futures Markets： Evidence From High Frequency Synchronous Trading Data

This study examines the international information transmission among three major gold futures markets namely New York Mercantile Exchange in division of Commodity Exchange （COMEX）, Multi Commodity Exchange （MCX）, and Tokyo Commodity Exchange （TOCOM）. The main concept of this research is no matter where gold futures traded, they share the same underlying asset. Two well-documented approaches, which are vector error correction model and information share, are utilized to measure the process of price discovery under this trivariate system. The uniqueness of this study is that it employs synchronous intraday time series which can mitigate the stale price problem from daily observations. The evidences indicate that the three gold futures prices are cointegrated and driven by the same fundamental factors. New arrival information disseminates efficiently among the three markets and the pricing information transmission among exchanges is very rapid. However, the lead-lag relationship among markets still exists with the dominance of COMEX gold futures as the centre of price discovery The US gold futures market is the most efficient in processing information. Its role on price discovery and information can be attributed to COMEX＇s massive trading volume.