Economics & Management Information

Modeling and Numerical Solution of Optimal Investment and Reinsurance Problems in Ambiguity Markets

2026-01-06T14:11:41+08:00

In a framework of market incompleteness induced by ambiguity, this paper employs stochastic processes and stochastic analysis to formulate the decision-making problem concerning investment, consumption, and proportional reinsurance in an ambiguous market as a one-dimensional stochastic optimal control problem over a finite time horizon. Specifically, the insurer aims to maximize the utility of terminal wealth through dynamic optimal strategies, which is inherently a forward–backward stochastic differential equation system. The ambiguity in the model is captured by the Chen–Epstein multiple-priors framework, leading to a fully nonlinear Hamilton–Jacobi–Bellman equation that is generally analytically intractable. To address this, an implicit finite difference scheme is designed to numerically solve the value function as well as the optimal investment proportion, consumption strategy, and retention ratio. Furthermore, a systematic analysis is conducted to examine the quantitative impact of key market parameter variations on these optimal strategies. The findings provide theoretical support and numerical decision-making references for insurance institutions in asset allocation and risk management under complex and uncertain environments.

Research on the Construction of Ecological Compensation Mechanism Under the Guidance of Agricultural Green Development

2026-03-26T10:06:13+08:00

Under the era-oriented background of agricultural green development, the ecological compensation mechanism is the key grasp to open up the transformation channel of “lucid waters and lush mountains are invaluable assets”. Its core essence lies in resolving the coordination dilemma between ecological protection and agricultural production through scientific system design. Relying on three pillars—vertical fiscal compensation, horizontal inter-regional compensation, and market-oriented independent compensation—this mechanism constructs a classified compensation system targeting core ecological elements such as cultivated land conservation, river basin governance, and forest preservation. The purpose is to take economic incentives as the link to guide agricultural producers to actively adopt environment-friendly technologies, so as to realize the value of ecological products effectively. Based on this, this paper focuses on exploring the construction path of the ecological compensation mechanism under the background of agricultural green development, aiming to provide reference for practical work.

Dynamic Efficiency and Evolution Trends of Higher Education Resource Allocation in China: A DEA-Malmquist and Markov Chain Approach

2026-02-06T13:49:44+08:00

Under the general trend of the global economy shifting to knowledge-intensive, the efficiency of higher education resource allocation has become a key factor in determining development. This study analyses the problems related to the efficiency of higher education with the help of Data Envelopment Analysis (DEA), Dynamic DEA-Malmquist Index and Markov Chain Prediction. The study shows that China’s input efficiency is better overall, but regional differences are more significant, with the east being better than the west. In the Markov chain prediction of total factor productivity development trend, the total factor productivity level of higher education efficiency presents strong dynamic change characteristics, the transfer probability between states is scattered, and it is difficult to maintain in the original efficiency state for a long time. Based on this, the following suggestions are put forward: optimize resource allocation, promote technological innovation, and steadily improve the efficiency of higher education; strengthen regional collaboration, and promote the balanced development of higher education in various regions; universities and colleges to innovate the management mechanism, and inject new vitality into the development of education; and dynamically adjust the input strategy, reasonable resource allocation scheme and management measures.

The Reconstruction Value and Practical Enlightenment of Buddhist Economic Thought to Modern Economics

2026-02-22T09:22:29+08:00

The current global challenges—including widening wealth disparities, escalating ecological pressures, rampant consumerist culture, and stagnant social well-being—certainly correlate with mainstream economics’ overemphasis on instrumental rationality while neglecting ethical values and humanistic care. Buddhist economic philosophy, grounded in core principles like the Middle Way, righteous livelihood, pure wealth, generosity, equality among all beings, and the unity of dependent and independent existence, has developed an Eastern ethical framework that integrates moral constraints, sustainable development, shared benefits, and life-centered perspectives. This system provides crucial intellectual resources for modern economics’ theoretical refinement, paradigm shifts, and practical optimization. This paper systematically examines the core ethical dimensions and practical paradigms of Buddhist economic thought. Through five key dimensions—human nature assumptions, value theories, consumption logic, distribution mechanisms, and growth objectives—it engages in theoretical dialogue with modern economics. Practical implications are distilled across three levels: microeconomic agent behavior, macroeconomic development models, and theoretical paradigm reconstruction. The study explores localized applications through contemporary practices like ethical enterprises, social enterprises, philanthropy, and green development. Research demonstrates that Buddhist economic thought does not negate modern market economies. Instead, it addresses mainstream economics’ theoretical shortcomings through holistic, long-term, and ethical thinking, shifting economic development from material growth to life well-being. This approach holds significant theoretical and practical value for building a modern economic system that is fair, inclusive, sustainable, and warm-hearted.

Construction and Operational Optimization of Corporate Financial Shared Service Centers in the Digital Economy Era

2026-01-14T14:46:32+08:00

Under the backdrop of the burgeoning digital economy, enterprises are grappling with prominent issues such as fragmented financial processes, high operational costs, and insufficient data synergy. Traditional financial management models are increasingly inadequate in meeting the demands for scale expansion and refined control. This paper focuses on the core challenges in corporate financial transformation, proposing a solution for the construction and operational optimization of Financial Shared Service Centers (FSSCs). By integrating financial business processes, establishing a digital management platform, and implementing a standardized operational system, the solution aims to centralize and standardize core financial functions—including accounting processing, fund management, financial reporting, and tax compliance—into a cohesive operation. The goal is to provide enterprises with a financial service model characterized by efficient collaboration, controllable costs, and manageable risks. The anticipated deliverables include a standardized FSSC process manual, a digital operations management platform, an operational optimization implementation plan, and a practical guide. These outputs are designed to offer practical support for enterprises to enhance their financial governance capabilities and bolster strategic development in the digital economy era.