Economic Analysis On Lack Of Credit

Credit is an important behavior rule, established with the social intercourse and commodity exchange. Credit relation not only reflect the economic benefit between different goods producer, but also embodies ethic and behavior norm that people have to adapt to in their common social life .Credit has special significance and function under market economy condition. With the establishment of socialism market economy, some kinds of anti-credit phenomena come out and badly affect the healthy economic development in our country. Therefore, the academic analysis to the credit problem is unavoidably an important subject in the economics investigation.The paper makes inquiry into how individuals take game to pursue utility maximization by using the model of once game, repeated game and supervised game. This analysis account for the model's practical meaning: the importance of information sharing, clearly established ownership and punish mechanism. Then through the analysis of credit system, explain the deep institutional reason of the distortion in social credit system. Finally based on the cognizance, the systematicalsuggestions——the institutional reform, are given to correcting lack of credit. Thesuggestions includes: establishing clear ownership, establishing credit file to share information, perfecting the law institution and prescribing the government's behavior.