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An Analysis of the Co-Operation between Bank and 3rd-Party Payment Based on Game Theory

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2 Author(s)
Yan Yin ; Sch. of Econ. & Manage., BUPT, Beijing, China ; Hong Wu

The 3rd-party payment accelerates the development of electronic payment. It provides a successful solution to two base problems that restrict the development of e-commerce for a long time in China, on-line payment and creditability. Using models and theories of game theory, the paper analyses the co-operative relationship between bank and 3rd-party payment. There are two steps to analyze the issue in the paper. Firstly, the article discusses bank's rational attitude to 3rd-party payment: cooperation or non-cooperation. Secondly, using the principle and agents theory, the paper answers the question of how to cooperate. At last, the paper advises bank to establish a cooperative mechanism with 3rd-party payment.

Published in:

Management and Service Science, 2009. MASS '09. International Conference on

Date of Conference:

20-22 Sept. 2009