Analysis of the impact of information standardization on the improvement of market efficiency

被引：0

作者：

Feng, Zhihui ^{[1
,2
]}

Deng, Feiqi ^{[1
]}

Zhang, Yuhui ^{[2
]}

Luo, Xuan ^{[2
]}

Wang, Wei ^{[2
]}

机构：

[1] College of Automation Science and Engineering, South China University of Technology, Guangzhou

[2] Guangzhou Institute of Standardization, Guangzhou

来源：

Open Cybernetics and Systemics Journal | 2015年 / 9卷 / 01期

关键词：

Information standardization; Market scale; Trade efficiency;

D O I：

10.2174/1874110X01509010992

中图分类号：

学科分类号：

摘要：

Based on the case of China’s timber market, the paper analyses the impact of information standardization on the improvement of market efficiency. Information standardization can week the extent of asymmetric information, reduce the information costs in trade, and hence enlarge the market scale. Our microeconomic model shows that, if there is uncertainty in the market demand and market supply, the trader’s loss due to the unbalance of the market will be reduced as the market scale increasing. Therefore, information standardization will benefit the traders from scale economy. © Feng et al.

引用

页码：992 / 995

页数：3

共 12 条

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