Analysis of Game between Supervisors and Fund Managers under Rat Trade Condition
The rat trade, the inevitable outcome of that particular period of the economic development, especially the certain stage in the development of the Securities Market, is the manifestation of the motivation of pursuing huge profits in the Securities Market. The paper is written on the basis of the connotation and the constitution of the rat trade, and makes an initial analysis for the behaviors of both sides. From the viewpoint of the game theory, this paper establishes models and analyzes on game between supervisors and fund managers, suggests improving the supervision guarantee system. It is significant for the authorities to bring the rat trade under control and establish the investment environment, which is impartial, fair, honesty and keeping promises.
Fund managers; Rat trade; Intendance game; Management proposals
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