市场

Director, Investment Director, securities fund managers, CFP, the main manipulator of an important institution in Beijing, 1999, managee funds amounted billio level,16 years experience in investment. His investment philosophy is to invest in the trend under the band operate and good at tracking the market hot spots, has its own unique analysis and implementation capacity. His excellent ability of forward-looking analysis and grasp the reailience of the market were approved in the investment domain. first-hand experience of the network science and technology concept market, in 2007 the investment income rate up to 300%.

施建民：董事，投资总监，证券基金经理，CFP.1999年任北京某机构主力操盘，管理资金的规模达亿元级别。16年的投资经历，投资理念是趋势投资下的波段操作，善于跟踪市场热点，有自己独特的分析和执行能力，对市场的前瞻性分析和把握市场的应变能力为投资界所认可，亲身经历了网络科技概念行情，2007年牛市的投资收益率高达300%。

According to Meese's exchange rate model in 1986, in this paper, we modified Meese's (1986) model and suppose the Interest Rate Parity is untenable, the risk premium factor and real exchange rate parameter are considered, and the Purchasing Power parity doesn't follow random walk, we derive our modified equilibrium model. Base on the State Space Model, we try to estimate bubbles and risk premium which are unobservable variables by Kalman Filter to test which one is or both are the main factors that to cause the real assets price biased from the market fundamental price.

本文是以Meese(1986)所决定的汇率模型为基础，但Messe一文并未讨论到风险溢酬的问题，故本文为了克服此一缺憾，而假设未抛捕的利率平价说(uncovered interest parity，UIP)不成立，以加入风险溢酬因子，且更进一步假设偏离购买力平价理论(purchasing power parity，PPP)不服从随机漫步，若如此则顺利将实质汇率变数纳入於模型中，重新建立均衡汇率模型，为了验证本文所创立的模型，实证方法以状态空间模型为基础，运用卡门滤波器递回法来估计不可观察的变数，以观察台湾的外汇市场上是因泡沫现象还是风险溢酬造成资产价格偏离市场基要价值或是两者皆是造成实际资产价格偏离市场机要价格的因素。

As Intel and AMD move down into their market, they are trying to move up, by challenging Intel in the market for small laptops and MIDs.

随着Intel和AMD进入他们的市场，他们在将自己的市场外移，在小型便携式电脑和移动互联网设备市场对Intel发出挑战。

Summary u u A monopolistically competitive market is characterized by three attributes: many firms, differentiated products, and free entry.

垄断竞争市场均衡在相关的两个方面不同于完全竞争市场：同于完全竞争市场：每个企业有过剩生产能力，产能力，每个企业收取高于其边际成本的价格。

This marticle reflects the state of affairs concerning magnaement and competition in the highway transnsportation market after it has been invigorated, The article, using Plenty of research data, demonstrates the Positive role that a multilevel, multichannel and economially multiformed system Played in Promoting Circulation and Smoothing away the difficulties in the movement of freight and Passengers from one location to another, It also introduces the effective measures taken by State-run enterprises to fa...

本文反映公路运输市场搞活后，在经营竞争方面的情况。文章运用较多的调查数据，说明了公路运输多层次、多渠道、多种经济形式的体制对搞活流通，解决行路难、运货难所起的积极作用。文章介绍了国营运输业在竞争面前采取的有效对策，也提出了当前运输市场在竞争中存在的问题，以及产生这些问题的原因，针对在价格、税收、能源等方面的不等同竞争，作者从宏观的角度提出了一套解决的办法，即利用经济杠杆，保护合理竞争又杜绝运输市场一些不正之风，从而提高社会经济效益。

The Chinese operators also are delivering service in a market starved for content, where there is no satellite service and cable TV is provided by thousands of small cable operators, many municipally owned, and none approaching the kind of service taken for granted by cable consumers in the U.S.

中国的IPTV业者们所面临的市场是一个内容匮乏的市场，这个市场里没有什么卫星电视服务，多达两千多个市属的有线电视台在为观众提供有线电视服务，而对美国有线电视台来说一些必须的服务项目这些电视台几乎都不能够提供。

The selection of developing chiral drug s as strategy is on the important basis of chiral pharmacology study results but it is necessar.

基础生物化学研究推动手性药物市场持续增长，2 0 0 1年单一对映体药物市场为 14 70亿美元，占世界药品市场 4 10 0亿美元的 36 %。

If Ngai and Tenreyro are right, then the housing market dynamic is something like this: buyers slightly prefer to buy houses in the summer, so house prices are slightly higher in the summer, so sellers prefer to put their houses on the market in the summer, and with more houses on the market, the market is thicker.

如果纳吉和滕雷罗是对的，那么房产市场的动向可能会是这样：购房者略偏向于在夏季买房，因此夏季的房价会略高一些，卖房者也偏向于在夏季出售自己的房子。市场上的房子越多，市场就会越&丰厚&。

An attractive niche is characterized as follows: The customers in the niche have a distinct set of needs; they will pay a premium to the firm that best satisfies their needs; the niche is not likely to attract other competitors; the nicher gains certain economies through specialization; and the niche has size, profit, and growth potential.

有吸引力的精致市场有如下特征：顾客有截然不同的一系列需要；他们为了更好满足需要愿意支付多一点钱给公司；精致市场不太可能吸引其他竞争者；精致营销者通过专业化获得实惠；精致市场有规模、盈利和成长潜力。

However, in an era when digital camera markets are embracing rapid growth, only by repositioning the products based on future market demands and developing new products by means of creative designs can markets be expanded and nitch markets be created successfully.

而在数位相机市场走向快速成长阶段时，若能以未来市场需求将产品重新定位，经由创新设计的手法来开发产品，才能成功拓展市场并创造利基。

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