Abstract:In this paper, we consider that the ultimate purpose of the firm is to create and distribute the organizational rent, although the arrangements of residual claim right and control is very important. A lot of literatures confuse the “specificity” with the economic base which can help the interested parties obtain some organizational rent, but in fact “specificity” will weaken the interested parties bargaining power. We put forward that the base of bargaining power is virtually the “exclusiveness”, a variable that exercises a great impact on the choice and evolution of enterprise instituion. In short,we consider that in reality the enterprises institutional arrangements is not the product of social welfare maximization or transational cost minimization,but the outcome of games among rational interested parties.

Abstract:This paper presents a group of models showing the striking different implications of foreign aid to the private sector and public sector. In the first model, with decentralized decisionmaking and without optimal choices of fiscal policies on behalf of the government, foreign aid to the private sector has no effect on the long run capital accumulation and it raises private consumption one to one; whereas foreign aid to the government leads to more public spending and higher private capital accumulation. In another model with optimal choices of both fiscal and monetary policies, foreign aid to the private sector gives rise to higher inflation and income taxation. Although aid to the private sector raises private money holdings and consumption, it reduces capital accumulation. However, when foreign aid is provided to the public sector, the government cuts both the inflation rate and the income tax rate, raises public spending, and provides more incentives for private capital accumulation and money holdings. In the long run, aid to the public sector leads to more private capital accumulation, consumption, money holdings, and welfare.

Abstract:The theory of endogenous money supply points out that the money demand of the public could affect directly the money supply of the central bank. Therefore, the public could have an uncertain influence on the effect of monetary policy of the central bank through the adjustment of the money demand. This paper, using the endogenous money supply theories, analizes the influence of the public behavior on the effect of the central banks policy which aims at the stable price level, and confirms via empirical analysis the strong enogeneity in the supply of M 2 in China, as well as the assymetry in Chinas monetary policy aiming at the control of inflation and deflation. This paper attempts to help us to reunderstand the effectiveness of Chinas present monetary policy.

Abstract:Recently, transnational taxpayers are often engaged in international tax evasion, international tax avoidance and international tax cheating within China. Allingham Sandmo Model and Benjamini Maital Model cant give appropriate explanations in this regard. Its the first time that this article disclosed international tax laundering behaviour and found out the close relation between transnational taxpayersnoncompliance and international tax laundering. Moreover, this article analyzes the intrinsic motive of international tax laundering by establishing a game model, and gives policy advices about it.