摘要
本文从非合作均衡博弈论出发讨论不良资产处置中常用的两种手段谈判出售和公开拍卖。公开拍卖成交机会较大 ,但效益较低 ,谈判出售对买卖双方的收益更大 ,因而效益也较高。
This paper discusses the application of Nash Non-cooperative Equilibrium to the transaction of Non-Performing Loans(NPL's).There are two methods to reach the Nash Equilibrium in the NPL market,public auction and private negotiation.The efficiency of the two methods is explored,it is concluded that private negotiaˉtion is more efficient while public auction is more likely to reach a deal.The last part of the paper discusses current capital market in China,especially the Non-Performing Loan market in China.
出处
《武汉金融》
北大核心
2003年第3期4-7,共4页
Wuhan Finance
