Paper Title:
Research on Incentive Equilibrium Mechanism of Agent-Construction Relationship Based on Multitask Principal-Agent Model
  Abstract

Most of the Chinese scholars have simplified the relationship between the client and the agent-construction enterprise as a single-task principal-agent problem, which has ignored the important fact of multitasks, such as progress, quality and cost. In this paper, a multi-task principal-agent model with three tasks, i.e. progress, quality and cost, is constructed to analyze the optimal incentive contractual conditions and multi-task incentive equilibrium mechanism of the agent-construction enterprise, which can provide theoretical basis for the regulatory policy of government investment project.

  Info
Periodical
Advanced Materials Research (Volumes 250-253)
Edited by
Guangfan Li, Yong Huang and Chaohe Chen
Pages
2440-2445
DOI
10.4028/www.scientific.net/AMR.250-253.2440
Citation
Z. B. Wu, B. Yao, Y. S. Liu, S. J. Jiang, "Research on Incentive Equilibrium Mechanism of Agent-Construction Relationship Based on Multitask Principal-Agent Model", Advanced Materials Research, Vols. 250-253, pp. 2440-2445, 2011
Online since
May 2011
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