次贷危机的“金融公地悲剧”分析

由于金融本身固有的公共资源属性，极易出现“金融公地悲剧”。此次金融危机，华尔街的金融机构出于个体的理性，通过貌似合作的非合作博弈，过度放贷、过度金融创新，终致金融市场陷入危机。由于美国政府救机构不救市场，为救市融资频增国债，世界陷入“金融恐怖平衡”。美国所以如此，依仗的不仅是世界第一的经济实力，更是美元的世界货币的霸权地位。要走出“金融公地悲剧”这场世界金融市场的宿命，必须改变竞争规则，这是赢取博弈的根本出路。

A Gaming Analysis on "Tragedy of the Commons Finance"Based on the Financial Resources

As the financial inherent attributes of public resources,finance is vulnerable to the Tragedy of the commons finance. With regard to this financial crisis,taking individual rationality into account from Wall Street financial institutions,through non-cooperative game of seemingly cooperation,excessive lending,and financial innovation,the financial markets were dragged into a crisis in the end.Due to institutions not the market chosen to be rescued by the U.S.government,T-bonds have been frequency issued for ...