Economic Analysis About Credit

At present, we are putting forth effort to build socialist market economy. Market economy emphasizes exchange of commodities and law of value, demands both sides of exchange to regard credit as prerequisite, forms the economic relation of believing in. If either party does not keep one's word, the relation of equal value exchange will be destroyed , The more developed and complicated the market relation is, the more needs to build the interrelated and restricted chain of credit relationship. Once this chain is broken, orderly market economy will be destroyed. So, the more developed market economy is ,the more necessary honesty and confidence are , this is important foundation and sign of modern society and civilization. This paper focuses on the exploration of basic theoy about credit question existing in the socialist market economic construction, and strives to offer some references for our country'credit building.This paper launches the inference on the premise that the interest is maximum , uses the methods of the cost, income from the static respect and game theory from the dynamic respect to carry on systematic analysis to the credit question. This paper draws the basic conclusion about the credit question under different conditions. According to these conclusions, this paper proposes the countermeasure that solve the present our country's" credit crisis" . This paper strives to describe the credit question fully,systematically, rationally. The main content of this paper are followed.The first and second section retrospect briefly and comment emphatically to the main theory view about credit at present, and draw forth the theory prerequisite of this paper: Credit is the behavior that the economic main body pursues interest maximum.Third, Fourth, fifth, sixth sections are focol point and the place of innovation of this paper, These sections focus on the disposition situation of credit under differentconditions during the process that economic main body pursues interest maximum.The third section analyses emphatically credit question from rare angle and does textual research to the process from free goods to economic goods at frist, then analyses the change of credit with interest after turning into economic goods in terms of experimental psychology.The fourth section probes into the situation of change of credit under perfectinformation term. This section gives " credit amount"," breaking one's promise cost","keeping one's word cost" concepts. At first, the paper analyses the cost of credit on thebasis of these concepts , through the research of " keeping one's word cost" and "breaking one's promise cost", obtains this cost curve of credit . Then the paper analyses the income of credit and draws the income curve of credit. By comparison of the cost and income of credit, we draw the following conclusion: Under perfect information term, there is a rational credit range, within the range of this rational credit, the interest of the economic main body is positive; outside this rational credit range, the interest of the economic main body is negative. The economic main body, for one's own economic benefits, must make credit amount within the range of rational credit. At the same time there is a best credit amount. Under this best credit amount, the interest of the economic main body is maximum.The fifth section probes into the situation of change of credit under imperfect information term. The method is the same as perfect information term. By comparison of the cost and income of credit, we draw the following conclusion: Under imperfect information term, the less credit amount is , the greater interest what the economic main body receives is; the greater credit amount is, the greater loss of the economic main body is. So, under imperfect information term, the net result on the market is that the economic main body which doesn't stress credit repels the economic main body of stressing credit, it is the economic main body which doesn't stress credit thatexists in the market fi...