Title: Incentive Constraint Contract Design for Optimizing Principal
Abstract:This paper improves traditional incentive constraint contract,in which assumed principal was always risk neutral,and gives an amended result of principal-agent contract on condition that principal is ...This paper improves traditional incentive constraint contract,in which assumed principal was always risk neutral,and gives an amended result of principal-agent contract on condition that principal is risk avoidable.At the same time,profit of other corporations and security interest are also introduced into principal-agent contract.In this way,an effective mechanism is established by recurring game and long-term incentive.Read More
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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