Research On Credit Card System And Game Theory Of Card Issuing Organization In China

Bank credit card as a new payment tool,with its unique consumption characteristics and business model and business advantages in the market,achieved its own development and growth,and further formed the fierce competitive landscape in the market of credit card which banks to actively seize the market share,vigorously promote the numbers of their credit card products.As a modern payment instrument,bank credit cards have a certain amount of overdraft functions and also possess the characteristics of electronic money,which can provide cardholders with convenient and fast settlement functions.China's vigorous development of bank credit cards has stimulated social demand and promoted the mobility of social goods.The research significance of this paper lies in the in-depth analysis of China's bank credit card system,establishment of a balanced system based on the principles of property rights protection,organizational incentives,market competition,regulatory innovation,and fairness of laws and regulations to address the problems about to externalities of relevant actors in the credit card market in the information age.furthermore,use the mechanism of institutional change to improve the institutional arrangements of China's bank credit card system.The main content of this article includes the following sections:First,the review and analysis of bank credit card system research.This section summarizes and reviews bank credit card development research,bank credit card market research,bank credit card consumer behavior research,bank credit card risk control model research,bank credit card marketing system research and virtual credit card research,etc.,aiming at the past.The research ideas of this paper are put forward in the research of people.The study of bank credit cards is a hot topic in recent years,and there are a large number of relevant research documents.Therefore,it is of great significance to classify the literature.It is helpful for us to grasp the forefront of problem research,and to use the existing research results to improve research efficiency and research quality.Second,the theoretical analysis of bank credit card system.This section mainly analyzes the new institutional economics theory,property rights theory,credit theory and credit card related theories.The new institutional economics theory analyzes the institutional,organizational and institutional changes,transaction costs,Coase Theorem and property rights theory;credit theory analyzes Marx's credit theory,credit media theory and credit creation theory,credit adjustment theory and other relevant views;credit card theory Then analyze the subject of credit card behavior classification,credit card economies of scale and the unique contractual nature of credit cards.In the relevant theory system of bank credit card system in China,the theory of organization,transaction costs,bilateral market and monetary policy are closely related to the development and operation of bank credit card market.Institutional changes,economies of scale effects and other theories interpret the development track of China's bank credit card industry;Theories such as contractual rights of property rights and special products can be used as an analysis tool for the study of China's bank credit card system.Third,China's bank credit card system analysis.This section mainly analyzes the changes in China's bank credit card system,the status of China's bank credit card system and the problems existing in China's bank credit card system.The changes of China's bank credit card system analyzed the bank credit card system change process,the bank credit card system changes,the bank credit card system changes and the bank credit card system transition trends;China's bank credit card system status analysis of bank credit card data,bank credit card system overview,bank credit card Institutional characteristics and efficiency of bank credit card systems;problems in China's bank credit card system mainly analyze organizational and market issues,regulatory system issues,and laws and regulations with regard to regulatory agencies,banks,and third-party payment companies and consumers as the main actors.In the study of organizational and market issues,issues such as insufficient market competition,lack of unified market planning,lack of organizational restraint mechanisms,and organizational structural imbalances have been raised;in the study of regulatory systems,the regulatory system has been imperfect and the regulatory system has been insufficiently developed.Issues such as laws and regulations raise issues such as unfair recourse regulations,imperfect special regulations,and lack of relevant legal provisions.Fourth,the empirical analysis of the influencing factors of China's credit card system.This part takes David Finney's framework of institutional change supply and demand as a basic model,and carries out an empirical analysis of the motivation model of institutional change and its influencing factors.First,determine the equilibrium equation of the supply and demand relationship.Through the Cointegration relationship between supply and demand sample data,the measurement form of the equilibrium equation was determined.Secondly,according to the exogenous variables given in the institutional supply and demand model,the forms of independent variables are determined by the factors that affect the supply and demand of China's bank credit card systems.Again,the selection of the relevant sample number is processed,and the stationarity test is performed for the stationarity test.Finally,a three-stage least squares estimation method is used to solve the model.In the process of solving,other model solving methods are also used for parameter estimation,and comparing which of the estimated forms has the best fitting effect.After the parameters of the model are established,the entire simultaneous equation model is simulated and predicted.Fifth,the game analysis between China's bank credit card issuance organization and risk supervision game.First of all,in light of the game between China's bank credit card issuance organizations,the Cournot model was introduced to analyze the problems existing in the organization system,pointing out that the lack of a unified organization to allocate resources in the market leads to serious problems of disorderly competition,and to this The class question proposes a cooperation plan that refers to the merger case between Ctrip and the two major online tourism oligopolies as an example.The Shapley benefit allocation algorithm is used to illustrate how to establish a unified and effective market resource allocation mechanism..Secondly,in light of the fierce game process between regulatory agencies and innovative companies in China's bank credit card risk supervision,the multiple Nash equilibrium model is used to illustrate that the current regulatory system is an equilibrium of risk superiority and does not fully consider the overall efficiency development of the industry.The impact did not play a positive role in the development of China's bank credit card industry.For such inefficient regulatory mechanisms,using the idea of cooperative gaming,under the premise of quantifying the effects of corporate externalities,accurately measuring the risk costs generated by corporate innovation behavior,and according to the externality effect of Coase Theorem to solve ideas,using cost-based transactions The concept of coordinating the regulatory body's tit-for-tat attitude toward innovation risks,based on the effective control of risk,promotes the enterprise's innovation enthusiasm,and promotes the overall development of the industry's tripartite behavioral cooperation game-type monitoring program.Sixth,foreign bank credit card system and its inspiration analysis.This section analyzes the U.S.bank credit card system,the Bank of Japan credit card system,and the U.K.bank credit card system.After summarizing how the developed country bank credit card industry is organized and how it is supervised,it summarizes how bank credit card systems in these countries affect China's bank credit card system.Perfect inspiration.The construction of bank credit card systems in the United States,Japan,and the United Kingdom has achieved the goal of nurturing a national bank credit card brand,perfecting the bank credit card market competition mechanism,marketized bank card interest rates,and perfecting bank credit card risk prevention and control mechanisms.These institutional arrangements are worth learning from.Seventh,improve the bank's credit card system policy recommendations.This section proposes policy recommendations for improving China's bank credit card system.The first is to improve the bank credit card contract system,that is,to improve the basic credit card bank contract,improve bank credit card awards and punishment contracts,and cultivate bank credit card consumer culture.The second is to improve the banking credit card market system,that is,to strengthen supervision of card issuers,introduce competition mechanisms,coordinate the distribution of benefits,promote the marketization of interest rates,and foster the national credit card brand.The third is to improve the banking credit card supervision system,that is,to improve the efficiency of the bank's credit card supervision system,define the bank's credit card organization rights and functions,and establish a risk-cost property rights trading mechanism.The fourth is to improve bank credit card laws and regulations,that is,to improve the basic principles of bank credit card laws and regulations,establish special bank credit card laws and regulations,and improve bank credit card risk prevention and control.