价格

This paper contains following studies and results:(1) In the theory analysis and the method analysis of price regulation in water industry, after concluding systemically characters of water industry, the experience of price regulation in water industry of other countries and disadvantages for price regulation in water industry of China, this paper considers that the enterprise conceals the real cost, implicit output and the leaking and losing rate of water pipelines should be settled.

论文的研究工作和结论包括：(1)在供水行业价格规制的理论分析和供水行业价格规制方法分析中，论文主要对供水行业的性质、国外供水行业价格规制的实践经验和我国供水行业价格规制弊端等方面进行了系统的阐述和分析，认为虚报成本、产量隐性和管网漏损率大是目前供水行业价格规制中最突出的问题。

Based on modern option pricing theories,Black-Scholes and Merton option pricing model are used to study the pricing of the structured products,and its design,characteristics and risk are studied respectively.Based on Black-Scholes and Merton option pricing models,I also use the checking method to estimate the parameters of the model following real prices data,And calculate the theoretical price.Then,I compare the real and theoretical prices of the two pricing models.The results show that the effects of the Merton option pricing model are superior to the Black-Scholes option pricing model.Moreover,It shows that Hong Kong stock prices are also affected by the instant messages,and the jump phenomenon may exist in Hong Kong stock market.

本文以香港衍生品市场上三种主要结构性产品结构性票据、牛熊证和衍生权证为例，探讨了结构性产品的设计、特点、风险和定价，以现代期权定价理论为基础，以B-S和Merton两种期权定价为基础，根据市场价格经过校验得出模型隐含的参数，编程计算出两种定价模型下的理论价格，并将其实际价格和理论价格进行了比较，结果显示：Merton定价模型的效果要优于Black-scholes定价模型，说明香港市场的股票价格也可能受即时信息的影响，存在跳跃现象。

Sino-Swedish market research company ZHU Sheng-yuan analysts think the price is a reflection of an inverted region office market has great investment potential, as prices for office space in general than with regional residential highest three percent, with the international benchmarks to measure, the North Bund office price potential remains to be excavated, and the view from the recent North Bund area accounts for the supply of offices in Shanghai, the northern part of the total supply of nearly 50% in the North Bund many favorable under planning, developers in the region are very optimistic about the future of office environments, and the other , the price also reflects the upside down house prices there are High components.

中瑞市场研究公司朱圣元分析师认为，价格是反映了一个倒区域写字楼市场具有很大的投资潜力，如办公用房的价格一般比同区域住宅最高百分之三，与国际标准来衡量，北外滩办公室价格潜力有待挖掘，并认为从最近的北外滩地区占供应的办公室设在上海，北部地区的总供应量的近50 ％在北外滩诸多有利规划下，开发商在该地区都非常乐观的未来，办公环境，和其他的价格也反映了房屋价格倒有高级组件。

The results shows that the two-way lead-lag cointegrating price relationship between milkfish wholesale and retail prices. Since the fish wholesale market could not completely and quickly assimilate the retail market information, the speed of wholesale price response to retail price changes is relatively slow, inducing the low pricing efficiency .

研究结果指出虱目鱼生产批发与消费零售价格间具有显著双向因果价格共整合关系，但生产批发价格因应於消费零售价格变动表现出较弱的价格感应度，其反应消费零售交易资讯比较不易完整且快速地传递到生产批发市场，因而造成生产批发市场相较於消费零售市场呈现较低决价效率。

The price system of the United States is a complex network composed of the prices of all the products bought and sold in the economy as well as those of a myriad of services, including labor, professional, publicprofessional, transportation, and public-utility services.

美国的价格系统是复杂的网状系统，美国的价格系统是复杂的网状系统，包括经济生活中一切产品买卖的价格，也包括名目繁多的各种服务，诸如劳动力，品买卖的价格，也包括名目繁多的各种服务，诸如劳动力，专职人员，交通运输，公共事业等服务的价格。

Miller was in that day " Russia " say in the news program of the TV station, the natural gas price that at present Russia offers to black is every 1000 stere 230 dollars, this one price fixes according to market price case, also meet undoubtedly in the future change according to the price of value of natural gas market and petroleum products lift or reduce.

米勒当天在"俄罗斯"电视台的新闻节目中说，目前俄向乌提供的天然气价格为每千立方米230美元，这一价格是根据市场价格确定的，将来无疑也会根据天然气市场价格和石油产品的价格变动升。。。。。。

Analyzing stipulations of current price hearing system and the practice of it, this paper find out following deficiencies: unreasonable mechanism of hearing representative nomination, anisomerous of price information in the hearing, hearing records and minutes lack binding force. These deficiencies are caused by the vacancy of administrative law on hearing procedure, short history of hearing system establishment, distemperedness of public participate procedure.

本文通过对现行价格听证制度的法律规范和价格听证会实践进行分析，揭示我国现行价格听证制度主要存在听证会代表遴选机制不健全、价格听郑重信息不对称、听证笔录和听证纪要对价格决策机制缺乏约束力等缺陷；而这些缺陷是由于我国行政程序法缺位，听证制度建立时间短和公众参与程序基础薄弱等原因造成的。

According to a report by cheshi.com.cn, the prices at mini-cars market rosed remarkably in September, and the prices at the mid-end,high-end and luxury markets remained the same as in August. The prices of small-sized cars continued to fall sharply, lowering the general price level of domestically produced passenger cars.

据网上车市发布的&中国汽车市场价格指数报告&显示，9月份，微型车市场价格出现较大幅度提升，中级车、高级车和豪华车价格指数与上月基本持平，小型车降势未改，价格仍呈加速下降状态，拉低了国产乘用车整体价格水平。

Article 18 Where a price monitoring institution does not comply with the price monitoring report rules when organizing the survey and monitoring of prices, thus causing the relevant price monitoring data unable to be submitted accurately in time, and seriously affecting the gathering of national or regional data, it shall be ordered by the price administrative department at the present or higher level to make a correction, and be given a circularized criticism.

第十八条价格监测机构不按价格监测报告制度规定组织实施价格调查、监测工作，造成不能及时、准确上报有关价格监测数据，严重影响全国或地区数据汇总的，由本级或上级价格主管部门责令改正，予以通报批评。

In equilibrium, the bid and ask prices depend only on the numbers of buy and sell orders in the book. The model has a number of empirical predictions: higher trading activity and higher trading competition cause smaller spreads and lower price impact; market orders lead to a temporary price impact larger than the permanent price impact, therefore to price overshooting; buy and sell orders can cluster away from the bid-ask spread, generating a hump-shaped order book; bid and ask prices display a comovement effect: after, e.g., a sell market order moves the bid price down, the ask price also falls, by a smaller amount, so the bid-ask spread widens; and when the order book is full, traders may submit quick, or fleeting, limit orders.

均衡时，出价和要价仅仅依赖于买卖本书的订单数量：（1）较高的贸易活动和贸易竞争造成较小的买卖差价并且降低价格的影响；（2）市场订单导致了临时的价格影响会大于永久性的价格影响，因此会形成价格过度；（3）买卖订单可以从集群申办远离价差，产生驼峰形的订单；（4）出价和要价显示了联动效应：例如，由于份额较少，销售市场订单导致投标价格下降，卖出价格也会下跌，因此买卖价差扩大；（5）当订单已满，投资者可以提高提交速度，或短暂的使用限价订单。

Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时，他斥责什叶派民兵领导人对中央集权的挑衅行为。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了