摘要
将商业银行R&D投入水平、技术溢出水平与投资者网上交易概率引进Hotelling模型,研究在信息不完全金融市场中,潜在引领创新的商业银行通过R&D投入引领金融产品创新,而潜在跟风创新的商业银行选择是否跟风创新,并与引领创新者进行动态博弈,得到创新前后的Nash均衡结果,分析R&D投入水平、技术溢出效应和投资者网上交易概率对均衡结果的影响。
This paper introduces the R＆D input of the commercial banks, the level of technology spillovers and the probability of in- vestors online trading into the Hotelling model, investigates how the commercial banks that potentially lead the financial innovation in- novate financial products through R＆D investment in the financial markets with incomplete information, and how the other commercial banks that potentially imitate the innovation choose whether or not to follow the innovation and play the dynamic game with the innova- tors. A Nash equilibrium result before and after innovation is obtained and the effect of R＆D investment, technical spillover effect and the probability of investors online trading on the equilibrium is analyzed.
出处
《经济与管理评论》
2016年第5期112-117,共6页
Review of Economy and Management
基金
国家自然科学基金项目"基于新监管标准的我国商业银行资本和流动性监管研究"(项目编号:71173140)
山西省重点学科建设专项项目"经济转型期金融产品创新及其风险控制研究"(晋教财[2013]289号)的阶段性成果
