Title: Incentive Mechanism Study of R&D Outsourcing Based on Multi-task Principal-agent Model
Abstract: Considering the creative-related cost characteristics and moral hazards of RD outsourcing,this paper applied the Multi-task Principal Agent model to study incentive mechanism between the principal and agent,thus revealing the governance mechanism to alleviate this kind of cost.The conclusion indicates that when the cost relationship between tasks is independent,the principal should impel the agents who are at the early stages,and who make the efforts to realize commercial goals.When the cost relationship between tasks is dependent,the relationship will affect the incentive level.If the relationship is supplementary,the principal should be more incentive to commercial goals.Otherwise,the incentive performance will be weakened.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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