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本文介绍了两个不对称信息下的资本市场均衡模型 ,即存在逆向选择时的股权市场均衡和存在道德风险时的信贷市场均衡。这两个模型虽然简单 ,却形象地揭示了完全信息与不完全信息下资本市场均衡的差异
This paper introduces the capital market equilibrium model under two asymmetric information, that is, the stock market equilibrium with the adverse selection and the credit market equilibrium with the moral hazard. Although these two models are simple, they vividly reveal the difference of capital market equilibrium between complete information and incomplete information