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The Model Of Human Capital Investment And The Analysis Of Game Under The Condition Of Asymmetry Information

Posted on:2003-11-22Degree:MasterType:Thesis
Country:ChinaCandidate:Z LeiFull Text:PDF
GTID:2156360092485696Subject:Agricultural Economics and Management
Abstract/Summary:PDF Full Text Request
The human capital has become one of the most important impetuses to the economic and social development of one country. The contribute of the human capital to the development of one country is becoming increasing as the coming of the knowledge economy and information economy. There are many good examples, such as Germany, Japan and Israel. They all have great power in economy in the world with exiguous resource The Economist of Theodore W Schultz has analyzed the importance of the human capital. He put forward initiatorily that the human capital could be obtained through investment. The research about the investment mode of the human capital is becoming into recognition. The author thinks the research in human capital should begin with the reform of the theory and methodology. This article analyzes the problem using the theory of asymmetry information, puts forward lots of modes and carry out the demonstration research with the criterion research under the actuality of China.The first chapter introduces the basis of theory and methodology, and especially refers to the innovation to these theories. The first basis of theory is the theory of human capital, based on the conception of human capital and investment. The human capital can be acquired through investing in health and education, especially the plasticity of investing the education is large, the high or low in The human capital is decided by the investment of education. So this article will put emphasis on the research of education. Furthermore, in the investment of education, the high education is very important. As what he has said, "the problem of high education is beyond the capability which economics can handle", this article will put emphasis on the investment of high education The author believes nobody can deny what he has said, but there is a truth that the investment of high education contained large numbers of asymmetry information, And he cannot analyze the uncertainty of investment in human capital using the theory of asymmetry information which developed within the last 20 years. Furthermore, he rarely refers to the problem how to invest the human capital. Till now, we have no article that brings the theory of asymmetry information into the system of the investment. We cannot reach the core of the theory if neglecting the exists of asymmetry information. The mode of investing in western developed country is advanced, but cannot reach the optimization if valued by the principle of equity and efficiency. This is also one of the motivations of my study. In addition, China is a developing country, which has the largest number of people; the scientific mode of investment in human capital will become one of the real core competition ability to china. This is another motivation.The second chapter will put emphasis on the definition of human capital, it's investment and the actuality in inside and outside of china. This article will create the new characteristic of human capital, which is combination of deposit and increment, and the investment in human capital, which is combination of exterior and inherent investment. The national high education problem is standing out, for example the color of plan is dense, the quantity of investment is lack, the resource of education is scarce and the development of high education is lag behind thedevelopment of economy. The main mode of investment can be reduced to Japan mode, Western Europe mode and North American mode. This article will analyze these three modes separatelyIn the third chapter the author constructs a traditional mode of investment in human capital, based on the analysis in actuality and summarize the each microcosmic inter-subjective connection. We will point out that it is the mode which is invested mainly by government and householders and possesses the characteristic of extemalism. Also this article will analyze if the high education possesses the characteristic of public goods. Secondly, this article will analyze the system bug under traditional system using the theory of the...
Keywords/Search Tags:Human capital, Asymmetry information, Principal-Agent, Analysis of game, Competition equilibrium
PDF Full Text Request
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