in the end, it is concluded that the privileged investors will select the optimal investment time and the optimal monopolized output in terms of the identity of the low cost to become the leader of the market whether they are the high cost enterprises or the low; on the basis of observing the leaders'strategies, the followers will select the optimal investment time into the market according to the basic principle of applying the real option method into the investment decision; subsequently, the leaders and the followers will yield in terms of the perfect bayesian equilibrium output to get the equilibrium income together 无论是在高成本或低成本类型下,占优型企业均会以低成本的身份选择最佳投资时机和最佳垄断产量进入市场生产、成为市场的领导者;在观察到领导者行动策略的基础上,追随者按实物期权方法的投资决策基本规则确定其进入市场的最佳投资时机;随后,领导者与追随者按照精炼贝耶斯纳什均衡产量进行生产,共同获得市场均衡收益。
on the mechanism of microeconomics, consumption credit result from the game's perfect bayesian equilibrium between the bank of maximizing its profits and the consumer of maximizing his / her utility under the condition of modem market economics, and from the transitional economy transferred from selling market to purchasing market on the background of macroeconomics 从微观经济机制来看,现代市场经济条件下的消费信贷产生于追求盈利最大化的商业银行与追求个人效用最大化的消费者之间的博弈结果。博弈结果是精炼贝叶斯均衡。从宏观的角度看,消费信贷是卖方市场向买方市场转型的产物。
it is shown that through the competition for the priority of using the cpr, the elaborated mechanism will motivate the agents to signal their time preferences and marginal costs in a bayesian equilibrium, which ensures that people do not over-use the cpr and rewards the agents who have more patience and / or are more cost-efficient 通过让最低标价的成员最先使用公共资源这样一种简单的配置办法,本文提出的新机制鼓励更有耐性的成员选择等待而得到更高回报,相对于平均分配和随机分配(抽签),可以明显地提高资源的配置效率。