信用、信息与规制

200266(171)ChinaIndustrialEconomyJune,2002No.6/(,116025)[],,,,,[];;;[]F270[]A[]1006-480X(2002)06-0065-06,,,Credit(Reputation)(Trust)(Prestige),(Moral)(Ethics),,,,(,,,,,,,),,,,(Contract,),(,)(),,,[]2002-04-30[][],,,;,Credit56©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,,,,,,,,(Reputation),,,,,,11,:,;,,,,;,,;,21()(Externality),,,(),,,,;,,,,,();,(),(MarketFailure),,()31,,,,,,,66(AnInquiryIntotheNatureandCausesoftheWealthofNations),,1776;(TheTheoryofMoralSenti2ments),1759,15,,,,,©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.(RuleofLaw),,,,,,,,,,,,(Molho,1997),(CompleteContract),,11:,(PrivateInformation)(HiddenKnowledge),,,,(Lying),(AdverseSelection),(PrecontractualOpportunism),,(),,,,(Akerlof,1970)(MarketforLemons)21:(HiddenAction),,,,,(Cheating),(MoralHazard),(PostcontractualOpportunism),,,,(Principal-agent)()(),,,,,,,,,,76Lemons,,,,(RulebyLaw),(RuleofLaw)(,2000)©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,,,,,,,,11,,,,,,,,,,21,,,,(InformationRent)(CreditReward),,,,,,Sony,,,(IncentiveCompatibilityConstraint)(Molhol,1997),,,,,,,,,31,,,(,),,,,,,(Molhol,1997)()(),,,,86(ProductDifferentiation)(,1996)©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,(LumpSumPayment),(RoyaltySystem),,,,,,,,,,(Sappington,1991)(ContingentContract),,;,,,,,,,,:(),,,,,,,:,,,,,(,2000),,,(,2002),()(MarketFailure),(Regulation),,(RegulationFailure)(,2002),(1),20%(),(,2002),,,(2),,1993,,,,,,,96©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.(3),,,,,,,,WTO,,1:,200212:,,20013:,200034:,,19965DanielR.Fusfeld,1990,TheAgeoftheEconomist,Scott,ForesmanandCompany.6GeorgeAkerlof,1970,TheMarketforLemons:QualityUncertaintyandtheMarketMechanism,QuarterlyJournalofEconomics.7LanMolho,1997,TheEconomicsofInformation:LyingandCheatinginMarketsandOrganization,BlackwellPublishers.8D.Sappington,1991,IncentivesinPrincipal2AgentRelationships,JournalofEconomicPerspectives,2.9CharlesKWilber,1998,Economics,Ethics,andPublicPolicy,Rowman&LittlefieldPublishers.10StevenTadelis,1999,Whatsinaname?ReputationasaTradeableAsset,AmericanEconomicReview.11JamesMirrlees,1975,TheTheoryofMoralHazardandUnobservableBehavior:PartI,Mimemeo,NuffieldCollege,OxfordUniversity.12R.Myerson,1979,IncentiveCompatibilityandtheBargainingProblem,Econometrica.13RafaelLaPorta,FlorencioLopez2de2Silanes,AndreiShleiferandRobertW.Vishny,1997,TrustinLargeOrganizations,TheAmericanEconomicReview.14JacquesPelkmans,SandrineLaboryandGiandomenicoMajone,2000,BetterEURegulatoryQuality:AssessingCurrentInitiativesandNewProposals,inRegulatoryReformandCometivenessinEurope,I,editedbyGiampaoloGalliandJacquesPelkmans,EdwardElgar.Credit,InformationandRegulation:EconomicsAnalysistoKeepFaithandBreakFaithYULiYUZuoDINGNing(CenterforIndustrialOrganizationandBusinessOrganization,DUFE,Dalian116025,China)Abstract:FocusingonthenormalphenomenonofbreakingfaithinChinascurrenteconomy,thisessayanalyzedthenatureofthecredit,thecausesandthekindsofbreakingfaith,themarketmechanismagainstbreakingfaithandthegovernmentregulationforit,fromtheeconomicsespeciallyinformationeconomicsaspect.Themainstandpointofthisessayisthatitisaverygoodangleofviewtoanalyzedcreditfrominformation.KeyWords:credit;information;creditmechanism;creditregulation:07©1995-2005TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.