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We focus on a coordinating issue in the presence of service free-riding in a dual-channel supply chain consisting of a manufacturer and a traditional retailer. We incorporate information asymmetry into the model where the manufacturer has incomplete information about the retailer's cost of providing service, and present an analytical framework and obtain equilibrium decisions in a centralized scenario...
Because of increasingly serious pollution of the natural environment, the government regulation on enterprise sewage problems has become the important issue of Chinese economic development. Based on the information asymmetry between the government and enterprises, this paper constructs a game dynamic model of restrictions handling and uses evolutionary game theory to copy dynamic analysis of the game...
Information asymmetry will lead to adverse selecting and moral risk which causes the invalidation of C2C e-commerce market finally. This article introduces e-commerce intermediaries into the gambling analysis, transform the prestige mechanism to influence factor of the parameter, to reveal the four mechanisms taken by e-commerce intermediaries in buyers and sellers gambling and explain how to alleviate...
In the research of revenue in the outsourcing process, the traditional model rarely takes the invisible benefits into account. This leads to an asymmetric information model in the revenue game between outsourcers and contractors. On this basis,with the study of outsourcers who are providing the same excitation conditions, we study the difference of effort in the contractors within the invisible and...
In this paper, we analyze the function of executive compensation, as well as the effect of asymmetric information on the effectiveness of compensation contract, using the theory of information asymmetry in information economics. We also put forward measures to improve the effectiveness of compensation contract.
Based on the perspective of information asymmetry, this paper uses game theory to construct a model, focusing on phenomena of concealing and cheating which are common in E-commerce between buyers and sellers in the process of transaction. Under the premise of setting participants, utility function and external environment, we take each equilibrium solution from signaling game and game of complete...
To solve the moral hazard problems arising from the information asymmetry in construction market, analyze the role that the corporate reputation of construction firms can play, and prove it using “Reputation effects model in agent market” in information economics. Then in consideration of the model and the actual situation of the construction market in China, make a further analysis on the key issues...
The existence of information asymmetry in the real credit market is the key to SMEs financing difficulties. This has already become a common view of many scholars. Meanwhile, Gresham's law appears due to the lack of a credit rating system specially designed for SMEs as well as management after loan in commercial banks. This article exposes the substantial causes of SMEs predicaments in financing from...
Actuality of financial support and financing predicament of SME (small and medium-sized enterprises) in Jiangsu coastal area is investigated first under the background of Jiangsu coastal exploitation in this paper. Then the concept of bounded rationality is introduced to establish dynamic game model for financing of SME and analyze respectively replicator dynamics and stable point. Finally, policy...
Due to the information asymmetry, investors are confronted with the "moral risk" of entrepreneurs in the venture capital investment. By using game theory, this paper gives an in-depth analysis to the "moral risk" of entrepreneurs and draws some valuable research conclusions and suggestions, including: behavioral choice of entrepreneurs is a function of the system; the enterprises...
In the mode of c2c e-commerce, because of the increased degree of information asymmetry and frequent occurrence of internet fraud, the credit problem has ever been the biggest obstacle in the c2c e-commerce development. Taking Taobao as an example, through analyzing the personal credit evaluation system , this essay think what does Taobao do on personal credit method, reward points gradients setup...
Based on the research results related to product over-functions, interviewing with business and consumer, to build in line with our business and market characteristics of the product over-functions incentive model. Mobile phone manufacturers as the main survey, conducted a questionnaire survey, based on regression analysis using SPSS to test the model results showing that: to promote sales contribution...
With information asymmetry existing between the public and joint state - private enterprise , the service quality uncertainty is serious in the public projects invested by social corporation ,pricing method for the public service influence social welfare of the project and benefit of the project sponsor. Therefore , it is important for government department who management public projects how to signal...
In the field of construction, asymmetry information between owners and contractors leads to a non-cooperative relationship between them for contractors reaping their own economic profits at the expense of owners, nothing but the reasonable and effective incentive mechanism to the contractor can establish a basis on which their partnership and jointly promote success of a project. This paper built...
E-business is developing rapidly around the world with the modern electronic information technology. Compared with other countries, however, E-business in China is still on the underway stage. One of the main reasons lies in lack of a good legal system in regulating the information asymmetry, which impairs the credit heavily in the market. Therefore, it is very necessary to embark on the research...
Various P2P applications on the Internet were accused by organizations, corporations, individuals and countries. An important reason is that many popular P2P networks were not well controlled: The user generally does not need to be responsible for his behavior. As typical P2P-like applications, many C2C E-commerce websites adopt simple voluntary binary voting which leads to plenty of fake or insignificant...
Based on analyzing the current employment incentive system of the university of China, this paper develops a practical incentive compatibility model of employment work. This model solves the defect of employment incentive system of some universities of China. The defect is that because of information asymmetry, the employment rate given by university manager is not incentive compatible probably, and...
The phenomenon of dominant majority shareholders is widespread among Chinapsilas listed companies, despite it could reduce the agent cost between shareholders and managers, but major interest conflict often occur between majority shareholder and exterior minority shareholders. Due to ldquothe information asymmetryrdquo between them, majority shareholder could obtain private interest through ldquomanagingrdquo...
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