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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...
With the rapid development of electronic information technology and internet, e-commerce has been a new means of market transactions, which take a huge advantage in market for its convenience and openness in information acquisition, transmission, and communication and transaction costs. However, the moral hazard and adverse selection resulting from information asymmetry induce imbalance between the...
As a way of risk management, insurance plays an important role in people's daily life. Health insurance becomes one of the most concerned types of insurance because it related to health, which is paid much attention by people. Because of information asymmetry and the participation of physician, health insurance market has developed a unique principal-agent relationship of three participants, which...
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 risk investment system, whether the double principal-agent relationship which is formed by different interest subjects can smoothly operate is the key to determine the success of risk investment, yet the issue of information asymmetry in the field is more serious than other industry, so that double principal-agent relationship formed in it exists huge risks. A series of binding agreements and...
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