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.
