软预算约束下的产业内卷与治理扭曲
分析从新能源到AI等产业因软预算约束机制导致的产能过剩、低水平均衡及宏观经济失衡问题。
odus@odusChina’s Discounts and Three Paths: Why High-Profit Businesses Struggle to Survive in China
The New Three Products Price War；China’s Discounting and Profit Shredder
obiak@obiakSoft Budget Constraints: From Kornai to Jia Yueting, Incentive Distortions
Xu Jiayin and the three-high model of soft budget constraints；Comparing Jia Yueting and Xu Jiayin's soft budget constraints；Jia Yueting's incentive structure and soft budget constraints
obiak@obiakIdeal types: instruments for measuring deviation beyond predictive power
Differences in authority hierarchy between long-term and short-term winners；Comparison of calcification in political dynasties and religious orders；Theoretical invocation and cultivation of judgment
odus@odusGaming Table Quotas: Asset Management Code Under the 6,000-Table Cap
Henry Fok's control game over the STDM concession；Macau's gaming oligopoly and geopolitical balance；Gaming table quota allocation and the mystery of vacancies
obiak@obiakNg Shih-jung and Wong Kum-ching: the tragic bankruptcy of angel investors
Sun Yat-sen’s dead end in Penang and the Penang Conference；The bankruptcy and tragic fate of Ng Shih-jung and Wong Kum-ching
obiak@obiakSoft Budget Constraints: Ex-Ante Expectation Structure Rather Than Ex-Post Bailout Facts
The Tension Between Industrial Policy and Soft Budget Constraints；The Expectation Structure and Cost Shifting of Soft Budget Constraints
Sdreavmer@SdreavmerLow profits in the middle tier of industrial economies: four paths beyond mere monopoly-driven clearing
Solutions to the low-profit predicament of mid-tier companies in industrialized countries；The formation of the German-Japanese niche-market model and institutional safeguards
Sdreavmer@SdreavmerSoft Landing for Mid-Tier AI Enterprises: The Tension Between Short-Term Stability and Long-Term Attrition
Comparison of China-US AI Industry Models and Western Giant Stop-Loss Mechanisms
odus@odusHiggs Factory Precision vs. Engineering Transformation Lag: From Positrons to PET-CT
SSC vs. LHC Scale Debate；Higgs Factory vs. LHC；Higgs Boson and Engineering Transformation
odus@odusDumbbell-shaped meteorite market: abundance causes of Swedish M iron and Xinjiang Altay
**Meteorites: Bargain Prices vs. Sky-High Prices**；Swedish M iron vs. Xinjiang Altay；Chondrites vs. Achondrites
odus@odusZweig's Death: The 1942 Illusion of Nazi Invincibility and the Survival of Europe's Humanist Spirit
Zweig's exile and suicide in Brazil；Zweig's despair and the invincibility of the Nazis；Zweig's old Europe and the barbarism of Auschwitz
odus@odusUS Bailout: Layered Mechanism of Bad Debt Clearance and Top-Level Guarantee
2008 Bailout vs. Market Clearing；Europe's "Radical Cure" vs. "Delay and Cover-Up"