Research On The Pricing Of Enterprise Property Rights Transaction

The pricing of property right transaction of enterprises is the focus of universal attention and difficult point as well. Obviously, traditional pricing method is hard to meet its need because of its particularity. Therefore, according to its characteristics, using a new pricing method to reveal its price must be of practical significance.Chapter 2 clearly defines the essential connotation of property right of enterprises and its transaction by analyzing different viewpoints concerned, clarifies the scope of this thesis. Basing on induction of different nature of enterprises, according to Marx's labor axiology, Chapter 3 analyzes the fundamental traits of enterprises as a kind of commodity and reveals its value and its decision from the angle of commodity value. From the two aspects of enterprises value and assessment method, this chapter studies the application of income method to evaluation in property right transaction of enterprises. According to the Game Theory and the theory of Information Economics, Chapter 4 explores the asymmetry information and game characteristics of property right transaction pricing of enterprises. Applying Signaling Game, this chapter establishes its Model of Signaling Games and analyses its adverse selection and market equilibrium as well. Moreover, according to the result, a suggestion is put forward to prevent its adverse selection and realize effective market equilibrium. Simply summarizing the negotiated price based on negotiation, establishing static game model through it, under the conditions of linear and first-order equilibrium, Chapter 5 analyzes the equilibrium bidding strategy of one-round of both parties of property right transaction of enterprises. Following a stream of thoughts of Rubinstein, it turns pricing model of negotiation into the game process of bargaining of both parties, establishes three relevant stages of it, finds a solution to them by using adverse induction, and has drawn a practical and guiding conclusion. According to auction theory, on the basis of clearly defining auction, Chapter 6 analyzes the basic features of bidding strategies of four basic auction methods and market objective, and discusses auction revenue equivalence theorem. Taking property right of enterprise as an objective of auction, this chapter establishes model of pricing on auction, under which it explores the optimal biding strategy of...