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題名 中介契約, 效率與市場機能
其他題名 Intermediatd Contracts, Efficiency Gains and Market Mechanisms
作者 江永裕
關鍵詞 逆選擇;中介;隨機檢驗;中介契約;市場機能;效率
Adverse selection;Intermediation;Randomized inspection;Intermediated contract;Market mechanism;Efficiency
日期 2000
上傳時間 18-Apr-2007 16:34:46 (UTC+8)
Publisher 臺北市:國立政治大學金融系
摘要 This paper tries to illustrate by examples that intermediated contractual arrangments make efficiency gains under price mechanisms. There examples of pure exchange environments, one in partial equilibrium and two in general equilibrium, are provided. When asymmetric information causes adverse selection problems, intermediated contractual arrangements with state-contingent payments and randomized information-processing make efficiency gains. Moreover, in some of these examples, intermediated contractual arrangements can be decentralized and coordinate with competitive market prices of goods. A policy implication is that the presence of imperfect information does not necessarily gives reasons for the government`s intervention in the market. The market itself can handle information problems. When an appropriate information technology presents in some environments with adverse selection problems, market mechanisms together with intermediated contractual arrangements perform well just as they do in the perfect information world. However, market mechanisms sometimes does not work well enough to eliminate all adverse selection problems. In numerical example 3, we show a case in which contractual arrangements through decentralized intermediaries alone can solve the problem; however, such arrangements cannot coordinate with market prices of goods.
描述 核定金額:110200元
資料類型 report
dc.coverage.temporal 計畫年度:89 起迄日期:19990801~20000731en_US
dc.creator (作者) 江永裕zh_TW
dc.date (日期) 2000en_US
dc.date.accessioned 18-Apr-2007 16:34:46 (UTC+8)en_US
dc.date.accessioned 8-Sep-2008 16:41:17 (UTC+8)-
dc.date.available 18-Apr-2007 16:34:46 (UTC+8)en_US
dc.date.available 8-Sep-2008 16:41:17 (UTC+8)-
dc.date.issued (上傳時間) 18-Apr-2007 16:34:46 (UTC+8)en_US
dc.identifier (Other Identifiers) 892415H004013.pdfen_US
dc.identifier.uri (URI) http://tair.lib.ntu.edu.tw:8000/123456789/3720en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/3720-
dc.description (描述) 核定金額:110200元en_US
dc.description.abstract (摘要) This paper tries to illustrate by examples that intermediated contractual arrangments make efficiency gains under price mechanisms. There examples of pure exchange environments, one in partial equilibrium and two in general equilibrium, are provided. When asymmetric information causes adverse selection problems, intermediated contractual arrangements with state-contingent payments and randomized information-processing make efficiency gains. Moreover, in some of these examples, intermediated contractual arrangements can be decentralized and coordinate with competitive market prices of goods. A policy implication is that the presence of imperfect information does not necessarily gives reasons for the government`s intervention in the market. The market itself can handle information problems. When an appropriate information technology presents in some environments with adverse selection problems, market mechanisms together with intermediated contractual arrangements perform well just as they do in the perfect information world. However, market mechanisms sometimes does not work well enough to eliminate all adverse selection problems. In numerical example 3, we show a case in which contractual arrangements through decentralized intermediaries alone can solve the problem; however, such arrangements cannot coordinate with market prices of goods.-
dc.format applicaiton/pdfen_US
dc.format.extent bytesen_US
dc.format.extent 2984485 bytesen_US
dc.format.extent 2984485 bytes-
dc.format.extent 1186 bytes-
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdfen_US
dc.format.mimetype application/pdf-
dc.format.mimetype text/plain-
dc.language zh-TWen_US
dc.language.iso zh-TWen_US
dc.publisher (Publisher) 臺北市:國立政治大學金融系en_US
dc.rights (Rights) 行政院國家科學委員會en_US
dc.subject (關鍵詞) 逆選擇;中介;隨機檢驗;中介契約;市場機能;效率-
dc.subject (關鍵詞) Adverse selection;Intermediation;Randomized inspection;Intermediated contract;Market mechanism;Efficiency-
dc.title (題名) 中介契約, 效率與市場機能zh_TW
dc.title.alternative (其他題名) Intermediatd Contracts, Efficiency Gains and Market Mechanisms-
dc.type (資料類型) reporten