Investors equilibrium probability | α | \(\begin{array}{*{20}c} {R_{i} } & {L_{e} } & {L_{i} } & {C_{i} } & \beta & \gamma \\ \uparrow & \uparrow & \uparrow & \downarrow & \downarrow & \uparrow \\ \end{array}\) |
Enterprises equilibrium probability | β | \(\begin{array}{*{20}c} {R_{e} } & {L_{e} } & {F_{e} } & \alpha & \gamma \\ \uparrow & \uparrow & \uparrow & \uparrow & \uparrow \\ \end{array}\) |
Regulatory authorities equilibrium probability | γ | \(\begin{array}{*{20}c} {R_{r} } & {L_{r} } & {F_{e} } & {L_{s} } & {R_{i} } & \alpha & \beta \\ \uparrow & \uparrow & \uparrow & \uparrow & \downarrow & \uparrow & \downarrow \\ \end{array}\) |