Transferring ownership of public housing to existing tenants: A market design approach
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Mechanism Design
Rental housing
Identification
Market mechanism
Revealed preference
Price mechanism
This paper tries to discuss about Market, Market Mechanism and Price Levels in Islamic Microeconomics Perspective. In contrast to the conventional economy which frees the formation of price levels only on the market mechanism, determining the price level through market mechanisms in Islamic economics is based on the principles of justice in order to achieve mutual benefit (al-Mashlahah). Therefore, when inequality is detrimental to one party in a market, the role of the government in creating justice for both parties is a solution that is legitimate. This in microeconomic terminology is known as market intervention, which is carried out by the government as a step to stabilize the price level so that it does not harm one party in the market. Therefore, this study aimed to analyze the market and price levels in Islamic microeconomics with a philosophical approach. The methodology used in this study used qualitative research based on literature study. The result showed that there were some fundamental things that distinguished Islamic microeconomics from conventional in determining the price level in the Islamic market mechanism.
Price mechanism
Market mechanism
Economic interventionism
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Double auction
Market mechanism
Mechanism Design
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Journal of Shandong Administrative College and Shandong Economic Management Personnel College (2005)
Price mechanism used as an invisible hand of the market economy, is a foundation signal to allocate the resources. So it is the important link of the market order with fair competition that we make reasonable price for merchandise and factor, which is most important to perfect socialist market economy. Insisting Mars's the production price theory is not only the market economy's inner request, but also the basis determining the market price of the commodity, as well as the condition of resources allocating optimally. It is of actually important guiding meaning.
Price mechanism
Market mechanism
Perfection
Market system
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Whether the price mechanism is rationally or not has determined the playing degree of the value-finding function and the resource distribution function of the security market,the practice of domestic and international indicates,the most effective price mechanism is the market-based price mechanism.The price mechanism of our country security market is twisted seriously at present,the security price is not the true reflection of inherent value and supply-demand relationship,has formed a lot of deformity stock price.The price mechanism twisted has great defect,it is impossible to bear the important task of leading social economic resources,will cause the mistake disposion of financial resources.So,the security market of our country must accelerate advancing marketization and standardized process,make great efforts to foster market-based price mechanism,set up scientific,rational appraising system of company value,promote the ability of disposing and combineing the social economic resources of security market conscientiously.
Price mechanism
Market mechanism
Value (mathematics)
Marketization
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The price mechanism plays an important function in any market-based economic system,The price is the most feature of the market economy for allocation resources to various users.Introduction of this essay presents concisely the process that is changed from planning price system to market price system in China,the change how to push the development of the national economy.
Price mechanism
Price formation
Market mechanism
Factor price
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Mechanism Design
Popularity
Market mechanism
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The mathematical models for centralized mechanism and market mechanism of water resources allocation are established respectively.The problems existing in centralized mechanism are analyzed in term of the ideas of information economics.The efficiency of the market mechanism is revealed by an equilibrium price system.The efficiency implies that in the equilibrium price system the market mechanism can realize the maximum whole benefit of the centralized mechanism.Meanwhile,the problems in market mechanism of water resources allocation are also pointed out.
Market mechanism
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Optimal allocation
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Perfect the market determines the price mechanism is not only the main task of China's comprehensive reform of the economic system,the necessary condition is also the perfect socialist market economy system.InChina'sfuturepricemechanismreformpath,shouldbetocreateafreeandcompetitivemarketenvironment,supply and demand in the market as leading to further improve the market determine the price mechanism,pricecontrolaspreventionofmarketrisk,pricemaintenancesafeguardsocialandeconomicstability.
Price mechanism
Market mechanism
Socialist market economy
Market system
Price formation
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Market is an effective means in allocation of resources. Whether the talent resource can be abundantly and reasonably developed depends on the realization of the optimal market allocation,which is closely related with the function and mechanism of the resource allocation in talent market.Therefore,it is the key element to resolve the existing obstacles in our talent market mechanism that we try to ensure the talent supply and demand in the market,the establishment of the convergence of supply and demand mechanisms,the formation of price competition mechanism,and a sound social security system.
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Market design is a kind of design using mechanism as its research object.By designing the micro-mechanism of market,the result of market resource allocation can better meet the internal regulations and basic requirements of economic and social development.Market designers must have wide view like an engineer,and by using multi-tools like design theory,experimental economics and computer tools,they can think and grasp market details and the game process between market participants and market principles.The authors analyze market inefficiency and market failure problems from several aspects,and propose some feasible solutions.
Market mechanism
Mechanism Design
Nonmarket forces
Market Analysis
Market research
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