软预算约束与产业博弈
分析地方政府软预算约束如何驱动新兴产业的产能过剩、寡头内卷及政商资本博弈。
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: 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
odus@odusInvolutionary Thrust: Capital Anxiety, Startup Leapfrog, and Humanoid Robot Specimens
Soft Budget Constraints vs. Corporate Efficiency；Price Wars and Overcapacity；Humanoid Robot Startup Leapfrog