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Then again, with the aid of a multi period game model, the passage give the social welfare effects in firm's horizontal merger under open economy a dynamic analysis. In this way, no only the results are more systemic and more general, but also it can show the difference of the social welfare effects in short run and in long run of merger. In addition, it shows the potential conflict between governments and firms in dynamic condition.

其次，鉴于技术发展、产业变迁所产生的动态影响，本文运用多阶段博弈模型对企业兼并的社会福利影响给予了动态的分析，这样不仅使研究成果更加系统和客观，也反映了企业兼并对企业利润和社会福利的影响在短期与长期考察存在的差异，并揭示了动态条件下可能存在于政府和企业之间的利益冲突。

In the analysis of incentives of firm's horizontal merger under open economy, through the agency of study about the cost function of firms and the enterablity of industries, the passage makes a study of the horizontal merger incentive influence from import duty, the most important international trade barrier.

在对开放经济下企业兼并动机的考察中，本文从企业的成本函数和产业的可进入性这两个方面出发，研究了进口关税这一最为重要的贸易壁垒对出口企业兼并动机的影响。

And it has very important practical significance in the policies decision and the conflicts solution. 2 . This paper, with the aid of a multi period game model, discusses the firms profit and the social welfare in short run and in long run after firm's horizontal merger under open economy.

例如在本国企业发生兼并的情况下，当参与兼并的企业在兼并前的产量之和不超过该国的净出口额时，则使兼并企业利润增加且使市场价格提高的横向兼并将促进该国社会福利的增长；而当国外企业间发生使均衡价格提高的横向兼并时，将导致净出口国社会总福利的提高。

With Messrs Pandit and Hornsby, bosses at many other firms have been cutting hundreds of thousands of jobs.

紧随Pandit先生和Hornsby先生的裁员决定，很多其他公司的老总也纷纷裁减了数以十万计的就业机会。

In most two stage horizontal differentiation Hotelling models, the locations of firms always deviate from the social optimum.

在大多数研究产品水平差异的两阶段Hotelling模型中，厂商的选址总是偏离社会最优结果。

They hire a Netherlands Institute of Management for the president of the company's "steward" of consultants, in its development of district-based management is not only a "steward" of the Ministry, house-keeping department are equipped with a number of "steward" as a front desk service, each "steward" is responsible for day-to-day household floors of the management services required for all professional services contract as a background service to the community of professional firms to complete, causing the industry a high degree of attention and interest.

他们聘请荷兰管理学院的主席，该公司的"管家"顾问，在其发展区为基础的管理不仅是一个"管家"部，管家部都配备有一些"管家"作为一个接待台的服务，每一个"管家"，负责日常家庭楼层管理服务所需的所有专业服务合同作为背景服务社会的专业公司来完成，造成了该行业的高度的注意和兴趣。

Just as remarkable is the combination of hubris and ineptitude of those running the most troubled firms.

同样引人注目的，是自以为是的合作，以及管理绩差公司的失职。

Their results were both more extreme and more volatile than those of firms run by their humbler peers.

与那些由谦逊之人领导的公司相比，自恋的管理者的公司会有更极端的后果和更加不稳定情况。

Mr Prahalad was particularly struck by the ability of these firms to harness the ideas of their humbler employees.

让普拉哈拉德印象最深的是，这些企业能够采纳普通员工的想法。

Seven African governments and some of the world's largest banks and construction firms are meeting in London to plan the biggest hydro-electric power project in the world.

七个非洲国家的政府和一些世界上最大的银行及建筑公司在伦敦开会，商讨世界上最大的水电工程项目。

I am accused of being overreligious," she said in her quiet, frank manner,"but that does not prevent me thinking the children very cruel who obstinately commit such suicide.""

客人们在卡罗利娜·埃凯家里，举止就文雅一些，因为卡罗利娜的母亲治家很严厉。

Designed by French fashion house Herm è s, this elegant uniform was manufactured in our home, Hong Kong, and was the first without a hat.

由著名品牌 Herm è s 设计，这件高贵的制服是香港本土制造，是我们第一套不配帽子的制服。