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期权定价与金融监管模式的理性分析
引用本文:雷耀山,徐崇勇.期权定价与金融监管模式的理性分析[J].华东经济管理,2000,14(1).
作者姓名:雷耀山  徐崇勇
作者单位:上海理工大学系统科学与系统工程学院!上海200093
摘    要:本文通过分析期权定价中信息的作用以及最优投资问题 ,阐述了金融市场的管制和放松管制是在投资者的最优收益和市场的稳定程度两者之间进行权衡的。如果金融市场的管制增加 ,投资者的最优收益将减少。在开放经济条件下 ,公司的国际竞争力将处于劣势。相反 ,放松金融市场的管制

关 键 词:管制与放松管制    期权定价    效用函数    最优投资    博弈

Options pricing and theoretical analysis of financial regulation pattern
LEI Yao-shan,XU Chong-yong.Options pricing and theoretical analysis of financial regulation pattern[J].East China Economic Management,2000,14(1).
Authors:LEI Yao-shan  XU Chong-yong
Institution:College of System Science and System Engineering,Shanghai University of Technology,Shanghai 200093,China)
Abstract:Based on the concept of information if the options pricing and optimization investment,the paper analyzes that the financial regulation and relaxation weigh the investor*ss optimal returns and the market*ss stability.If the financial regulation were strengthened,the investor*ss return would decrease,and in the open economic situation,the company would in and inferior position in the international competition.On the contrary,though the relaxation was advantage for the company to compete,the market would lose its stability.Appropriate relaxation is possible after the investors have enough information.
Keywords:regulation  and  relaxation  options  pricing  utility  function  optimal  investment  game
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