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By applying the Evolutionary Game Theory, this paper analyzes the credit behavior of banks and the lender under the condition of dynamic model of incomplete information. And it also discusses the process of the dynamic evolution and the stable equilibrium strategy under two different economic environments. Finally, this paper expounds the cause of the subprime crisis based on the evolutionary game...
Enterprises are facing difficult problems such as overstock, funds shortage and so on under a grim economic recession caused by global financial crisis. Warehouse financing of ports-hinterland supply chain system could liquidize cash occupied by a large backlog of inventory,effectively alleviate the financial situation of enterprises. From the perspective of game theory, this paper explores the theoretical...
Based on prepayment intensity process, this paper studies the valuation of fixed-rate mortgage contracts and an (game-theoretic) equilibrium model is built. Under the assumption of the rate process of time-homogeneous Markov chain and positive linear refinancing cost, the dynamic programming problem of the mortgagor is simplified to a Markov decision chain with only three discrete state variables...
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