A Game Analysis of the Evolution of the Supervision of the Tunneling Behavior of Block Shareholders
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Abstract In a simple framework, the authors established an evolutionary game model from the view of supervision to analyze the relationship between block shareholder and the authority. The results of the replicated dynamics equation show that the initial conditions of the excess gains and normal income of the authority, tunneling amount and the rent of the block shareholders all affect result ofthe game equilibrium|The reference to Walras’s general equilibrium analysis model inferred that different amounts of tunneling cause different equilibrium points, but not all the points are stable
ZHANG Hua-Hong,ZHANG Ren-Dun. A Game Analysis of the Evolution of the Supervision of the Tunneling Behavior of Block Shareholders. Economic Survey, 2011, 28(4): 0106.
2011, Vol. 28 
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