Base On The Game Of The Construction Of The Collective Forest Community Microfinance Research Mode

Forest is not only an important commonweal cause and fundamental industry, but also a weak industry. At present, the whole world focuses on state financial support upon forestry in order to benefit from diverse aspects of forestry industry. Because administrative incentive in the extension of China's microfinance is larger than economic incentive in the development course of forestry, which causes lack of development power and the microfinance without marketization to go into financial trouble, this study is based on microfinance, which has been demonstrated to be financial instruments with poverty relief effect. Through the study of the current situation and problems of the microfinance modes of the collective forest community, new modes that can overcome the related defects of collective forest community's microfinance are constructed in this paper to develop the economy of forestry areas, to create more money sources to forestry industry, to improve the weak status of the forestry industry, to achieve sustainable development of forestry, and to consolidate the fruits of current forest reforms.First of all, after outlining the existing domestic and foreign microfinance develop-ment modes and the experience worth using for reference, we make a survey of two communities of Hunan province. Based on the analysis of collective forest areas ex-pansion to the microfinance characteristics of supply and demand of the community, we obtain a factual basis for the following game theory-based micro-credit model construction. Then, a qualitative analysis on the existing microcredit modes of the collective forest communities is made in accordance with different goals of practice agencies in terms of welfare and institutional patterns, so that all kinds of existing problems are analyzed.Subsequently, we quantitatively study with game theory as a basic tool the equilibrium process of the two credit providers of collective forest community microfinance (folk individuals and social financial organizations including the formal and informal organization of microfinance services provider; the following is also so), which is based on the static game theory of complete information, the dynamic game theory of complete information and the static game theory of incomplete information, introduces competition between the credit providers to make the market regulate the rates, adjusts the operating cost to reduce risks to realize the Nash equilibrium and achieve the profit maximization, stimulate both sides to realize service diversification and enhance the capacity to meet the financial needs. Then, at the core of sustainable development and with folk individuals and social financial organizations for the main body Nash equilibrium-based, subgame refined Nash equilibrium-based, bayesian Nash equilibrium-based microfinance development models are constructed, focused on the social financial organizations. These patterns under a directional premise can make collective forest community institutional and welfare credit services possess complementary advantages, overcome the defects of microfinance itself and guarantee both poverty alleviation effect and independent health operation. Based on the survey analysis of both characteristics of supply and demand in the collective forest community of Hunan province and of the deficiencies of the existing microcredit model community, the new mode constructed of collective forest community are shown in terms of the improvement of financial institution system, the modifycation of load and payment methods and the prescription of reasonable interest rate levels to theoretically optimize the existing credit service, to overcome the biggest bottleneck of the microfinance in the present development and to proved be feasible in practice.Finally, a series of policy suggestions are proposed in point of both the further reformation of the rural present finance system and the complete play of the function of the government in order to establish the macropoly support system of the collective forest aeras.