Game Analysis of Establishing Information Sharing System among Banks
Zhang De-chang · Journal of Guangxi University of Finance and Economics · 2007
Information asymmetry is the main cause of the credit rationing.Relieving the information asymmetry between banks and enterprises will ease the credit rationing.Through establishing an information sharing system among banks,more information can be obtained to relieve the information asymmetry.This article analyzed the benefit game among banks,and found the difficulties of establishing the sharing system.It believed,in the infinite repetition of game,cooperation among banks could reach equilibrium solution,but the information asymmetry among banks would lead to ahitching a ridephenomenon,which would become a thorny problem in establishing the system.