The last thing you want is to have the other firm undercut you, in an attempt to push prices down.
你最不想看到别的企业,通过降价来打压你
to make sure that you speak with someone who is very knowledgeable about the prices of certain things.
一定要跟某些很了解价格行情的人谈谈。
That is to say, current prices reflect all publicly known information about each stock, and therefore are unbiased.
也就是说,现在的价格,反映了关于股票的所有公共信息,也就是说它是无偏向性的。
You said,if we invest in real estate The question is how we've dealt with decline in housing prices.
您提到过,耶鲁也有地产投资,提问是,我们是怎样应对房价下跌的
There's one other possibility here I've missed which is what if Pepsi prices at marginal cost itself?
这里还缺少一个可能性,即,如果百事定价在边际成本怎么办
There are other factors involved too like high energy prices, but certainly U.S. policy is affecting that, but we're also affected by the rest of the world.
还有诸如能源价格高昂等其它因素,但美国的政策肯定是有影响,但世界其它地区的情况也影响了我们
You know, they keep raising prices on everything, which I think is shady because
他们不停地涨价,我觉得太可耻了,因为
One is, in 1988 home prices were rising rapidly in Los Angeles, not so in Milwaukee, so people were just extrapolating the price increase.
其一,1988年,洛杉矶房价上升的势头很猛,密尔沃基却没有,所以人们推测房价会继续上涨
So we know how prices are set, they're set by the firms, so the next question is where do the quantities come from?
现在我们知道了价格是怎么决定的,它们是由公司决定的,下一个问题是产量怎样得到
You can see various--this is the growth rate of home prices actually I should update this.
你能看到各种...这是房价增长率,这些数据现在需要更新
I constructed a series of home prices -that's the red line and the red line is -you can see how it's moved through history.
我绘制了一条房屋价格的时间序列曲线...,就是那条红色的线,你可以看到它的历史走势
The subprime crisis is happening today because home prices are falling and with falling home prices more subprime borrowers are failing to pay their mortgage.
次贷危机之所以会发生,时因为房屋的价格在下降,随着房屋价格的下降更多的次贷借款人,将会无法支付他们的贷款
What I'm going to do here is I'm going to substitute in for prices.
接下来我要用表达式来替换价格
The most recent example, as I mentioned before, is the huge spike in food prices around the world which has created rioting, starvation, major crises in various countries.
最近的一个例子,我之前提到过,是全世界范围食品价格的巨大变动,它在许多国家导致了骚乱,饥荒,以及其他重大危机
So we'd like an outcome that looks a little bit like Cournot, but we'd like the strategy set to be prices, and this is going to do the trick.
我们想要一个跟古诺有点像的结果,但我们希望通过策略来定价,这就需要一些技巧了
The Cournot was competing in quantities and Bertrand is competing in prices.
古诺是在产量上竞争,而伯川德是在价格上竞争
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