Individual interaction and mechanism design in asymmetric information
Chen Zeng-shuai
Abstract
Chen Zeng-shuai
Abstract
The information distribution between both sides in the transaction is asymmetrical,thus asymmetric information affected behavior choice of the supply side and demand side in market.It takes us a long time to form and accept the thought of information asymmetry.Because game theory is the basic instrument and method studying the question of information asymmetry,so we can use it to analyze the system and the organization that affected the personal behavior.The information economics will advance and consummates socialist market economy theory.It is helpful to state-owned enterprise reform.
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The information distribution between both sides in the transaction is asymmetrical,thus asymmetric information affected behavior choice of the supply side and demand side in market.It takes us a long time to form and accept the thought of information asymmetry.Because game theory is the basic instrument and method studying the question of information asymmetry,so we can use it to analyze the system and the organization that affected the personal behavior.The information economics will advance and consummates socialist market economy theory.It is helpful to state-owned enterprise reform.
Key concepts: Information asymmetry, Database transaction, Mechanism (biology), Microeconomics, Demand side, Economics, Supply side, Supply and demand