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• [P308] Game model on the information competition in the environmental system
  Author(s): Huai Jian Jun, Xuexi Huo
  
  

  Abstract
  The paper presents a game model of informational competition between an activist and a listed company in the environmental system, and proposes that in an equilibrium£¬ the listed company discloses favorable information and hides unfavorable information, whereas the activist exposes what the company hide after filtering the collected information, and the media reports what they have found after an investigation with the bias toward regulation. It supports the spirit of the actual legislation and provides insights about several formal channels for the NGO to participate in the regulation for the environmental system.

  
   

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