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9 September 2019 Credit Mechanism under Asymmetric Information Conditions in Port Property Market Trading
Biao Zhou, Xiaofei Liu
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Abstract

Zhou, B. and Liu, X., 2019. Credit mechanism under asymmetric information conditions in port property market trading. In: Gong, D.; Zhu, H., and Liu, R. (eds.), Selected Topics in Coastal Research: Engineering, Industry, Economy, and Sustainable Development. Journal of Coastal Research, Special Issue No. 94, pp. 429–431. Coconut Creek (Florida), ISSN 0749-0208.

The global asset market for ports and terminals is increasingly active, focusing on the acquisition and transfer of assets between large international shipping companies and port terminal operators. However, in the asymmetric information market, in order to maximize their own interests, the party with the information advantage will conceal the real information and make decisions that are beneficial to them, thus affecting the efficiency of the entire supply chain. Simultaneously, under asymmetric information, effective incentives can provide positive incentives to those who have the advantage of information, and can effectively identify different types of customer companies. Due to factors such as the uncertainty of production, operation and the needs, port property companies often consider when to trade or how much to trade, which will create uncertainty for property right transactions. This paper develops the trading credit mechanism in the real estate transaction to improve the efficiency of the property rights trading system.

©Coastal Education and Research Foundation, Inc. 2019
Biao Zhou and Xiaofei Liu "Credit Mechanism under Asymmetric Information Conditions in Port Property Market Trading," Journal of Coastal Research 94(sp1), 429-431, (9 September 2019). https://doi.org/10.2112/SI94-085.1
Received: 16 March 2019; Accepted: 20 April 2019; Published: 9 September 2019
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KEYWORDS
asymmetric information condition
Credit mechanism
port-property market trading
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