Game Equilibrium of the creditor and stockholder under the incomplete information

被引：0

作者：

Xu, Huiling ^{[1
]}

Xu, Chuanhua ^{[1
]}

机构：

[1] Huazhong Univ Sci & Technol, Sch Econ, Wuhan 430074, Hubei, Peoples R China

来源：

PROCEEDINGS OF CHINA-CANADA INDUSTRY WORKSHOP ON ENTERPRISE RISK MANAGEMENT 2008 | 2008年

关键词：

Risky debt valuation; Default risk; Default threshold; Debt contact;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper researches the decision of the outer-investors and stockholder on the assumption that the firm's information revelation is uncertain, however, if the information is exposed to the public, the outer-investors/creditors are able to realize the exact value of a company. Following the game theory, we get the investor's best choice of threshold of the debt Safety Covenant and also the stockholder's optimal control of the information revelation. Rational stockholder should choose complete information revelation according to the result.

引用

页码：127 / 132

页数：6

共 50 条

[1] Research on the Advantages and Equilibrium of Computer Game with Incomplete Information
Dong, Meiqi
Mei, Xian
Qi, Xin
Hou, Liyuan
Li, Jinqiu
[J]. 2017 29TH CHINESE CONTROL AND DECISION CONFERENCE (CCDC), 2017, : 7675 - 7678
[2] ON THE EXISTENCE OF APPROXIMATE EQUILIBRIUM IN PURE STRATEGIES FOR A GAME WITH INCOMPLETE INFORMATION
MEISTER, H
[J]. MATHEMATICAL SOCIAL SCIENCES, 1987, 13 (02) : 129 - 139
[3] Distributed Nash Equilibrium Seeking in a Multi-Coalition Noncooperative Game Under Incomplete Decision Information
Li, Yamei
Zhu, Yanan
Li, Tao
Zheng, Bo-Chao
[J]. IEEE TRANSACTIONS ON CIRCUITS AND SYSTEMS II-EXPRESS BRIEFS, 2022, 69 (08) : 3400 - 3404
[4] Game Analysis of Hydropower Bidding under Incomplete Information
Li, Jiaojiao
Zhao, Linfeng
[J]. JOURNAL OF COASTAL RESEARCH, 2020, : 398 - 401
[5] Game equilibrium under the condition of heterogeneous information
Song, Yu-Tao
Liu, Shan-Cun
Hu, Hu
[J]. Beijing Gongye Daxue Xuebao / Journal of Beijing University of Technology, 2010, 36 (02): : 284 - 288
[6] Epsilon Nash Equilibrium Differential Game Strategy for Spacecraft Terminal Pursuit-Evasion under Incomplete Information
Tang, Xu
Ye, Dong
Xiao, Yan
Sun, Zhaowei
[J]. Yuhang Xuebao/Journal of Astronautics, 2024, 45 (01): : 63 - 73
[7] Evolutionary ultimatum game on complex networks under incomplete information
Bo Xianyu
Yang, Jianmei
[J]. PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2010, 389 (05) : 1115 - 1123
[8] Target allocation decision of incomplete information game based on Bayesian Nash equilibrium
Wei, Na
Liu, Mingyong
[J]. Xibei Gongye Daxue Xuebao/Journal of Northwestern Polytechnical University, 2022, 40 (04): : 755 - 763
[9] Symmetric equilibrium strategies in game theoretic real option models with incomplete information
Delaney, Laura
[J]. ECONOMICS LETTERS, 2019, 174 : 42 - 47
[10] Stability of Evolutionary Equilibrium of Incentives for Teachers under Incomplete Information
Shi, Lu
[J]. FRONTIERS OF MANUFACTURING SCIENCE AND MEASURING TECHNOLOGY, PTS 1-3, 2011, 230-232 : 496 - 500

← 1 2 3 4 5 →