China's Mobile Market For Payments: The Market Mechanism And Efficiency

The market mirostructure of the mobile payment is the key answer to the market mechanism and efficiency in China's mobile market. In this paper, I tried to analyze the situation and the trend of China's mobile payment market and advance some forecasting opinions by three representative economic theories: game theory, incentives theory and inframarginal analysis of the network of division of labor. Because mobile payment of China started relatively late, the regulations of China must benefit by the experience of other advanced country and avoid from the problems of other advanced country. Conclusion: regulated by Central Bank on the mobile payment market have priority to be developed in China.The efficiency of a mobile payment market critically depends on the amount and nature of information—about products and consumer tastes—available to sellers and buyers. When market agents are not...