Cooperation or Competition: An Evolutionary Game Study between Commercial Banks and Big Data-Based E-Commerce Financial Institutions in China
Joint Authors
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-03-05
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
On the premise of participants’ bounded rationality and information asymmetry, this paper focuses on the cooperation or competition relationship between Chinese e-commerce financial institutions and commercial banks from the perspective of dynamic game.
Theoretical mathematical model is built to analyze an evolutionary stable strategy under different conditions.
We adopt real-life data set collected in Alibaba’s network credit loan business case and Jingdong’s supply chain financing business case to verify the evolution process of cooperation and competition relationship.
The results show that (cooperation, cooperation) is bound to be the evolutionary stable strategy (ESS) and cooperation tends to be increasingly in-depth and expansive for commercial banks as well as e-commerce financial institutions in China.
The complementarity of participants’ core competitiveness is explored as the root of cooperation.
Finally, strategic suggestions are put forward on cooperation between e-commerce financial institutions and commercial banks.
American Psychological Association (APA)
Zhao, Yi& Li, Dong& Pan, Liqiang. 2015. Cooperation or Competition: An Evolutionary Game Study between Commercial Banks and Big Data-Based E-Commerce Financial Institutions in China. Discrete Dynamics in Nature and Society،Vol. 2015, no. 2015, pp.1-8.
https://search.emarefa.net/detail/BIM-1060804
Modern Language Association (MLA)
Zhao, Yi…[et al.]. Cooperation or Competition: An Evolutionary Game Study between Commercial Banks and Big Data-Based E-Commerce Financial Institutions in China. Discrete Dynamics in Nature and Society No. 2015 (2015), pp.1-8.
https://search.emarefa.net/detail/BIM-1060804
American Medical Association (AMA)
Zhao, Yi& Li, Dong& Pan, Liqiang. Cooperation or Competition: An Evolutionary Game Study between Commercial Banks and Big Data-Based E-Commerce Financial Institutions in China. Discrete Dynamics in Nature and Society. 2015. Vol. 2015, no. 2015, pp.1-8.
https://search.emarefa.net/detail/BIM-1060804
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1060804