Comparison. 16

Author: Wu Jinglian
Publisher:
Publish Date: 2005-01-01
Features: The Comparison provides an academic platform for comparative institutional analysis for readers. Standing at the forefront of theory, it selectively introduces the experiences and lessons of other countries, the theories and practices of transition economies, and the developments in the field of comparative research, based on major issues encountered in China's economic reform. It also provides targeted introductions of proposals, policy recommendations, and commentary on China's economic reform from academic circles both domestically and internationally. This issue of The Comparison collects some research materials on the comparison of China and India's economies. Paul Milgrom's article on auction theory and Oliver Hart's article on financial contracts are classic and concise discussions in their respective fields. Particularly, Milgrom uses vivid and interesting examples to illustrate the application of auction theory in economics. In the New Books section, Professor Wu Jinglian and Professor Qian Yingyi recommend two richly informative books to us. Professor Qian also elaborates on his views on economic growth, emphasizing that incentives must be properly addressed for sustainable growth. Andre Shleifer's article, Paul Joskow's article, and George Yarrow's article all revolve around the theme of regulation. Ronald Gilson and Kurtis Mody's article specifically discusses government regulation with Japan as an example.