电子商务第三方支付运行与监管研究

湖南大学硕士学位论文电子商务第三方支付运行与监管研究姓名：黄长宇申请学位级别：硕士专业：金融学指导教师：祝炳奎20070518IIIAbstractCommodityexchange,internationalservices,GlobaleconomicintegrationandtherapidITdevelopmentandapplicationoftradeandtheflowpatternofarevolutionarychange,itsmostrepresentativeoftheapplicationofe-commerce.Andthedevelopmentofane-commercequestionishowtopayandtheintegrityofelectronictransactions.Inmanysolutions,thirdpartypaymentbyvirtueofitsadvanceddesignflowandimprovecreditevaluationsystembesttoachievetheconvenienceofelectronicpaymentandthesecurityoftransactions,havegreatlypromotedthedevelopmentofe-commerce.Theotherhand,thethirdpartypaymentisbasedoncashflow,informationflowandtransactionrecordscreditratingnetworkplatforms.Itanditsaffiliatedpartiesgatherfinancialrisks,ifthelackofregulationiseasytohaveacreditcrisis.Withlargecashflow,theproblemsofthethirdpartypaymentaredevastating.Strengtheningthesupervisionhasbecometheconsensusofthecommunity.Thirdpartypaymenttheemergenceanddevelopmentofe-commerceandfinancialinformationofthecombinationofproduct,itsmodeofoperationsimilartobankcreditclearing,andthedistortionofcompetitioninthemarketcausedthethirdpartypaymentservicesandfreeofwidespreadlossesintheindustry,gatherfinancialrisks,aswellastraditionalfinancialclearingbusinesseshaveseriousimpact,Thereforeittargetedmonitoringisparticularlypressing.Multipleusesofperfectinformationgameandpaneldataoftherandomeffectsmodelmeasurementanalysisalsoconfirmedtheconclusionsoftheaboveanalysis.Iproposedtotheregulatorylawsandregulationsforthemandatoryimplementation,andthethirdpartypaymentwillbee-commercestorecreditrecordsintotheenterpriseandindividualcreditinformationsystem,andthiswillpayforthird-partydevelopmentofthehealthsector,butalsoisconducivetoavoidfinancialrisksande-businessprosperity.Keywords:E-commerceThethirdpartypaymentFinancialriskSupervision;Paneldatamode2.1..................................................................................52.2..............................................62.3.....................................................................72.4.....................................................................................82.5.....................................................................122.6................................................................................145.1.............................................................282.1..............................................................................62.2...........................................................................93.1..........................................................................................................163.2.........................................................................................................174.1......................................................................................234.2.......................................................244.3......................................................................255.1...................................................295.2.........................................................................................................335.3..................................................................................................335.4..................................................................................345.5......................................................................341□______2□111.1,Paypal50PaypalPaypalPaypal1.222003[1]2004[2]2003[3]2005[4]IreneS.Y.Kwan2005[5]Hsien-TangTsai2005Paypal[6]ZiqiLiao,MichaelTowCheung2005[7]CeceliaKye2001[8]RichardWalton(2005)B2C[9]MartinG.Helander2000[10]CindyClaycomb2005B2B[11]DanJ.Kim2005eBayeBay5%[12]2000[13]2000[14],,,3,,,,,,[15]2002[16]2002[17]FaisalNabi2005[18]2002[19]2003[20]2003B2C[21]2006[22]2006[23]2006[24]2001SET[25]2004[26]2003SSL[27]20024[28]2005[29]200520052010[30]200518[31]20056920051030()10005000[32]20051125VISA[33]1.3Freedman1971[35]PanelDataEviews5.0522.120801(ATMPOS)23()FedWire()(CHIPSClearingHouseInterbankPaymentSystem)(SWIFT)Internet,2.12.11995eBay2002Paypal2.16200572057eBay[37]2.1123ATM4POSPOS56199621998319982.21.64.011.038.0123.3257.8482.1150%175%245%224%109.10%87%0.0100.0200.0300.0400.0500.0600.02001200220032004200520062007e00.511.522.53(:)2006C2C72003C2C2.22.2,2.382.3B2BB2C2.4B2BB2CC2C2.392.42.32.4111222364547-108-102.22.21235%-8%[36]2.32.3.11102eBayGoogle30.5%-1%VISA2.3.21eBay3%9.9515.95eBayPaypal200371120074200617.4%13.3%(8.8%13.6%)45.2%46.2%(32.9%41.3%)(33.5%29.4%)(29.5%30.8%)27-86-109001003eBay2000[34]122.3.32.5,2.5iResearch200530[32]20055020001%2%20051%2.413[26]1800500232.2142.62.61533.1181944(VonNeumann)(Morgenstern)(TheTheoryofGamesandEconomicBehavior)(Kreps)(Wilson)19821982(Bemheim)(Pearce)19881991(Fudengerg)(PerfectBayesianEquilibrium)[34]3.2KleinandLeffler1981[34]()vp−vp()p−()pc−c13.1ppc−0vp−163.13.3Friedman1971[34]3.23.2θ()vp−()pc−p−p0000173.2δpθ−cθ−023()000pθδδδ−+×+×+×23()()()()pcpcpcpcδδδ≤−+×−+×−+×−()/()cpδθθ≥−−()/()cpδθθ≥−−()vp−()vp−()vp−()vp−()/(1)pcδ−−()/(1)ppcθδ−≤−−()/(