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That is Philip Levy's intriguing argument in a new AEI working paper,"Economic Integration and Incipient Democracy."

这正是Philip Levy在一篇新的AEI工作稿《经济一体化和初始民主》中提出的耐人寻味的观点。

William Blomquist, Consuelo Giansante, Anjali Bhat, Karin Kemper, Institutional and Policy Analysis of River Basin Management-The Guadalquivir River Basin, Spain, World Bank Policy Research Working Paper 3526, February 2005

这里选择了两条在我国国内研究环境法文献中较少引用的河流的管理体制来作比较，主要是因为与经常引用作为比较的田纳西流域、墨累－达令流域以及日本、新西兰等国的流域管理体制而言，这两条河的流域管理机构有着和中国的长江水利委员会更接近的法律地位和性质

William Blomquist, Ariel Dinar, Karin Kemper, Comparison of Institutional Arrangements for River Basin management in Eight Basins, World Bank Policy Research Working Paper 3636, June 2005

分散由两个部分组成，一个是组织管理责任的下移（即把具体管理的权限从中央政府下放的流域层面）；其二就是在流域决策和运营方面吸收利益相关人的参加。

In "Folk Wisdom About the Effects of Relationship Conflict," an October 2006 working paper at the Stephen M.

在《关于人际冲突的影响的民间智慧》——一份Stephen M。

A new IMF working paper* by Bernard Laurens and Rodolfo Maino argues that interest rates need to play a much bigger role in China's monetary policy.

Bernard Laurens和Rodolfo Maino新近撰写的一份IMF工作论文提出，中国的货币政策应该让利率发挥更大作用。

A new IMF working paper* by Bernard Laurens and Rodolfo Maino argues that interest rates need to play a much bigger role in China's monetary policy. If the PBOC adopted a short-term money-market rate as its operational target, its policy would be more effective and the allocation of capital would be more efficient.

一份新近由Bernard Laurens和Rodolfo Maino撰写的国际货币基金组织工作报告，称利率须在中国的货币政策中发挥更多作用，如果中国人民银行将短期货币市场利率定为运作目标，其政策会更加有效，资本配置也会更有效率。

A new IMF working paper* by Bernard Laurens and Rodolfo Maino argues that interest rates need to play a much bigger role in China's monetary policy. If the PBOC adopted a short-term money-market rate as its operational target, its policy would be more effective and the allocation of capital would be moreefficient.

一份新近由Bernard Laurens和Rodolfo Maino撰写的国际货币基金组织工作报告，称利率须在中国的货币政策中发挥更多作用，如果中国人民银行将短期货币市场利率定为运作目标，其政策会更加有效，资本配置也会更有效率。

Hoxby, Caroline Minter, Is There an Equity-Efficiency Trade-Off in School Finance Tiebout and a Theory of the Local Public Goods Producer, NBER Working Paper 5265, 1995;Peltzman, Sam, The Political Economy of the Decline of American Public Education, Journal of Law and Economics,

Tibout的公共品提供和地方政府竞争的模型中，政府的税收是人头税，而中国的地方政府获得的收入所得税本质上也是人头税，这些税收支持了地方的教育财政，因此，Tibout模型的基本结论也同样适用于中国。

We find that,(1) the regional market development influences CG——better institutional environment can improve CG and decrease the agency costs.(2) However, there is no influence for perquisite consumption, the reason for which is the existence of compensation regulation in our stated-owned corporate. The perquisite consumption remedies the low monetary reward and undertakes the recessive motivating effect. This is in accord with Li, Sun and Liu (2005) in which the managers' compensation contracts conform to the superior contracting theory.

经过实证检验我们发现：1、上市公司所处地区的市场化程度较高，那么公司的代理成本相对较低，从而证明了地区的市场化程度确实影响公司的治理结构，好的法律制度环境有利于上市公司治理结构的完善，降低公司的代理成本。2、地区市场化程度的高低对于上市公司经理人的在职消费没有显著的影响，这是因为我国国有企业薪酬管制的存在，在职消费作为低货币性报酬的补偿，承担着隐性激励的作用，这与李增泉、孙铮和刘凤委（working paper，2005）关于我国上市公司经理人的薪酬契约符合最优契约论的研究结论保持一致。

The trial balance, on the other hand, is merely a working paper, useful to the accountant but not intended for distribution to others.

但是，试算表只是一种工作底稿，对会计人员有用，但并不是为了分发给他人的。

If Pentium 4 used to be the master of all games built on Quake3 engine, now the situation has changed completely.

如果奔腾4使用的是掌握所有游戏建立在求苛刻的发动机，现在的情况已完全改变。

No, this is not what we mean by framing, although the principle is the same.

不，这不是我们所讲的框架的含义，尽管法则是一样的。