Other developing countries also face problems with inequitable pricing and raw water shortages - which is what really keeps communities from having clean,piped water.
VOA: standard.2010.08.04
So one case to think about is what if the other firm, you're Coke, what if Pepsi is pricing below cost?
一种情况是如果另一家公司,假如说你是可口可乐,如果百事可乐定价低于成本怎么办
and we're not going to see the same sort of pricing model, the same sort of...
我们的定价模式就不一样了,同样的……
Projects to build Gazprom pipelines to China have been delayed because of disagreements over gas pricing.
VOA: standard.2009.10.13
That will lead us into the capital asset pricing model, which is the cornerstone of a lot of thinking in finance.
然后引出资本资产定价模型,这个模型是很多金融思想的基础。
Right now, And that has created problems - like in January, when a gas pricing dispute with Ukraine cut energy supplies and left a number of Europeans without heat.
VOA: standard.2009.05.08
Suppose Firm 1 is pricing at marginal cost and Firm 2 is pricing at something higher, a little bit higher.
假设公司1定价在边际成本,公司2定价稍微高点,高一点点
I think in the past, the pricing model for songs and selling music was,
我觉得在过去,歌曲定价和销售唱片的模式是,
Then they should be pricing whatever they're selling at a lower price
那么他们应该把所卖的物品价格定得低一点
If you accept my estimates and you accept the capital asset pricing model, that would have to be true.
如果你同意我的估算,而且认同资本资本资产定价模型,那这种投资组合就会带来最大收益。
If the other guy is pricing below costs, you don't want to sell anything, that's the right intuition.
如果另一家公司定价低于成本,你不想卖任何产品,这是正确的经济学直觉
Jeremy Siegel, in his book, which is assigned for this course, is really emphasizing this capital asset pricing model, emphasizing the kind of efficient portfolio frontier calculations that I've done.
杰里米·西格尔的著作,是本课的指定书目,书中着重讲述了资本资产定价模型,以及有效边界等的计算方法,这部分我已经讲完了。
Pepsi's pricing below cost, what's your best response?
百事可乐定价低于成本,你的最佳对策是什么
All right, so if the other guy is pricing above costs, I want to set prices below his so that I steal the whole of the market and make profits on those sales.
正确,如果对手定价比成本高,我就想定价比他的价格低,这样我就可以占领整个市场,并获得销售利润
It's so called capital asset pricing model.
这个称作是资本资产定价模型。
Zero profits, I'll make zero profits, so that certainly is a best response, pricing at marginal cost as well.
零利润,我将没有利润,所以这确实是一个最佳对策,也定价在边际成本
What they do is they're pricing a portfolio up here and they keep substituting in new ones.
他们的工作是为一个投资组合定价,不停的用新股票进行替代
Okay, so now more interestingly, we leave a little gap here, what if the other guy is pricing above costs?
现在更有趣的来了,我们这边留一点空白,如果对手的定价比成本高呢
What we did--the core theoretical framework that we had-- was the mean variance theory, which led us to the capital asset pricing model.
我们讲到了投资组合多元化的核心理论框架,即均值-方差模型,之后又讲到了资本资产定价模型
So the other guy is pricing below costs, the way which I avoid making losses is to set my price above his price.
所以另一家公司定价低于成本,我想要避免损失的方法是,将我的价格设定得比它高
.. In the capital asset pricing model, in finance-- this is the most famous model in finance.
金融学里的资本资产定价模型-,是金融学里最有名的模型。
What do I want to do if the other guy is pricing above costs?
如果对手定价比成本高,我要怎么做
Suppose Firm 1 is pricing at marginal cost is this a Nash Equilibrium?
假设公司1定价在边际成本,这是纳什均衡吗
So where is--suppose he's pricing-- We'll say the prices are between 0 and 1, suppose he's pricing at .8, what would be a good price for me to set?
如果他定价,假设他的价格,取值在0和1之间,假设他的价格设定在0.8,我应该设定哪个价格比较好呢
There just aren't pricing anomalies that are significant that are going to resolve themselves in a matter of months or weeks and so it's a silly game to play.
显著失常的定价,不会在短短几月或几周内,就在市场中显示出来,因此类似月进月出那些是一种愚蠢的行为
The first problem set asked you to manipulate the model that I just presented-- the model of how you form portfolios and the model of the capital asset pricing model.
第一道习题,考察的是你们能否活用我刚刚给出的几个模型-,包括怎样构成投资组合的模型,和资本资产定价模型。
It will be about the capital asset pricing model.
会讲到资本资产的定价模型
I just wanted to get the pricing formula.
你们只要知道价格公式
Pricing at the monopoly price.
将价格设定在垄断价格
And notice that if Pepsi has priced above the monopoly price, suppose Pepsi has priced this good so high that it's above the monopoly price, then, as the gentleman said, I can capture the whole market by pricing just below Pepsi.
注意如果百事设定的价格高于垄断价格,假设百事把价格定得太高了以至于,高于垄断价格,那么像那位先生说的,我可以用低于百事的价格来占领整个市场
应用推荐