The Market Strategies Based on the Dominant Price

摘要：

Akerlof have already built the market model and prove that the result of adverse choice made the market fade. but in fact; the modern market (lemon) does not fade drastically. So in this paper we make some progress to improve the model by making a new mass distributing which is dominant by the price and gain a near normal distribution to approximately achieve the simulative distribution of the completely compete market. So it reflects the market modern much more factually and solutes the market equilibrium.

关键词： information asymmetry expected utility risk-neutrial adverse choice

作者: Wei Li Zuo-feng Gao Jian Yu Ying Ma

作者单位: Yanshan University, Qinhuangdao, Hebei province, China 066004

会议类型: 国际会议

会议名称: 第二届中国对策论及其应用国际学术会议(The Second International Conference on Game Theory and Applications)

会议地点: 青岛

会议语种:英文

页码: 110-113

在线出版日期: 2007-09-17（万方平台首次上网日期，不代表论文的发表时间）