Scientific Incentive Mechanism of College English Teachers

Base on the principal-agent theories, this paper, from the angle of institutional economics, compares the optimal incentive contract on college English teachers under single-period moral hazard and under repeated moral hazard and introduces tenure contract in the model of repeated moral hazard. Our study finds the following results: (1) in the pre-tenure period under tenure contract with repeated moral hazard, the principal pays less to college English teachers to promote their incentive of hard-working in scientific research than in the case of single-period moral hazard; (2) college English teachers with tenure are much more difficult to be stimulated to work hard in scientific research and the college management layer has to pay much more to them for their hard work in academic field; (3) tenure system is cost-efficient in the pre-tenure period but is not necessarily cost-efficient in the tenure period.