外在性

We use the model to examine the effect of preference heterogeneity on asset pricing. We find that in generally, internal habit increase the equity premium while external habit effect on equity premium dependent on the correlation between habits level and risk assets.

我们用这种模型来分析异质偏好对资产定价的影响，发现在通常情形下，内在消费习惯增加股权溢价水平，而外在性消费习惯对股权溢价的影响取决于习惯水平与风险资产的相关性。

Individuals may be liberated and free only when the exterior factors from politics and society be removed, just as belles-lettres may be independent only when non-literature factors be excluded.

正如"纯文学"被认为只有在不断排除"非文学负载"的情况下才能走向独立一样，个体也只有脱离政治、社会等外在性因素的制约才能实现"自我"的解放和自由。

On the one hand, through regional, national productivity, the inherency of labor has taken the form of productivity, and develops to human productive forces which have the ability to have a comprehensive system in a capitalist society, that is the domain of human freedom; On the other hand, the externalism or externality of labor, has taken the form of relations of production, through exchange and private ownership, generates the alienation of labor and capital in capitalist society ,then formats other social relations and develops personal ability one-sided, being in survival of alienation living model, losing transcendence or freedom; this is a double of the human world.

这一过程，既是作为劳动内在性表现形式的生产力在其发展中，不断扬弃劳动外在性或落后的生产关系而推动历史前进的过程，同时也是扬弃"人的依赖关系"而形成"物的依赖关系"的过程。

We think the market failure below market externalism can make governmental function expands, the governmental failure below inhesion of market of and rather than asks to cut down governmental function again.

我们认为市场外在性下的市场失败会使政府的职能扩大，而非市场内在性下的政府失败又要求削减政府职能。

Public welfare forests in building forest ecosystem are possessed of nonexclusive characteristic of public goods, which leads to economic externality.

森林生态体系建设中的公益林，具有公共物品非排他性和非排斥性的特征，由此带来的外在性是市场失灵的一个重要因素，它将导致生态资源配置的长期低效。

Public welfare forests in building forest ecosystem are possessed of nonexclusive characteristic of public goods, which leads to economic externality. It is an important factor of market failures and causes law-efficient allocation of ecological resources for a long time.

森林生态体系建设中的公益林，具有公共物品非排他性和非排斥性的特征，由此带来的外在性是市场失灵的一个重要因素，它将导致生态资源配置的长期低效。

He seeks apodictically certain ways by which, within his own pure inwardness, an Objective [2] outwardness can be deduced.

他试图寻找绝然确定的方式，通过这些方式，在他自己的纯粹内在性『pure inwardness』中，能够演绎出『deduce』客观外在性『an Objective outwardness』。

Business School of Wuhan Universty, Wuhan 430072, ChinaAbstract : In this paper , we present an equilibrium model of asset pricing. The basic model considers a production economy of two classes of investors with habits formations: one class have "internal habit" such as those in Constantinides (1990) and Sundaresan(1989), habit depends on an agent's own consumption and the agent takes account of this when choosing how much to consume; the other class have "external habit" such as those in Abel(1990) and Campbell and Cochrane(1991), habit depends on aggregate consumption that is unaffected by any one agent's decisions.

本文建立一种拥有两类投资者的模型：一类具有Constantinides(1990)和Sundaresan(1989)模型中的&内在性消费习惯&，该习惯依赖于其自身的消费，投资者在进行消费选择时均要考虑内在消费习惯的影响；另一类具有Abel(1990)、Campbell和Cochrane (1999)模型中的&外在性消费习惯&，该习惯依赖于总的消费水平但不影响消费决策。

This process, productivity in its development as a manifestation of inherency of labor not only constantly sublets labor externalism or Backward relations of production so as to promote the process of historical progress, but also a process to sublets "the dependence of people" relation and formats a "material dependent "relation.

这一过程，既是作为劳动内在性表现形式的生产力在其发展中，不断扬弃劳动外在性或落后的生产关系而推动历史前进的过程，同时也是扬弃&人的依赖关系&而形成&物的依赖关系&的过程。

Based on the basis of Marxist philosophy, Fengqi proves the first principles of the material through the feelings of actuality in the practice and proves that human beings could recognize the world through two concepts which are internal and external in the western philosophy and the principle of "Ti and Yong are Ingrates into one" in the Chinese philosophy. Thus he solves the basic problem of philosophy perfectly and lays a scientific foundation for his wisdom theory.

冯契立足于马克思哲学的基础上，一方面以实践为基础，通过人在实践活动中对象的实在感来论证物质第一性原理；另一方面，冯契又借用西方哲学中内在性与外在性概念以及中国哲学中&体用不二&的原理论述了人的认识是可以把握对象的，从而很好地解决了哲学基本问题，为自己的智慧说奠定了科学的基础。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。