Explicit Incentive Mechanism of the Agent Construction System for Government Investment Projects: A Model Study Based on Asymmetric Information

被引:0
|
作者
Dai, Da-shuang [1 ]
Zhang, Shuang [1 ]
Liu, Zi-xin [1 ]
Feng, Chao [1 ]
机构
[1] Dalian Univ Technol, Fac Econ & Management, Dalian, Peoples R China
关键词
Agent construction system; Explicit incentives; Information asymmetry; Principal agent model;
D O I
10.2991/978-94-6239-145-1_106
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
The incentive mechanism of the agent construction system for government investment projects is not well developed in China, which seriously affects the working enthusiasm of the construction agent. Aimed at improving the explicit incentive mechanism of the agent construction system and exploring how the construction agents' comprehensive strength and the government investors' centralization cost affect the expected utility of the government investors and the best incentive intensity to reach the relationship between expected utility of government investors and the best incentive intensity, respectively. This paper constructs a principal agent model based on asymmetric information. The research results show that the construction agents' comprehensive strength plays an important role to the project output. Government investors can increase incentive intensity appropriately based on the centralization cost to encourage construction agents to work hard and to increase expected utility.
引用
收藏
页码:1075 / 1086
页数:12
相关论文
共 50 条
  • [1] Studies on Problems and Countermeasures of Agent Construction System in Chinese government investment projects -Based on the Incentive perspective
    Cai, Yuancheng
    Zhao, Min
    [J]. 2012 WORLD AUTOMATION CONGRESS (WAC), 2012,
  • [2] RESEARCH ON THE RUNNING MECHANISM AND PERFORMANCE EVALUATION OF CONSTRUCTION AGENT SYSTEM IN GOVERNMENT INVESTMENT PROJECTS
    Bai, Shengling
    Jing, Chao
    Ye, Zhengan
    Lu, Chenyao
    [J]. ICIM 2010: PROCEEDINGS OF THE TENTH INTERNATIONAL CONFERENCE ON INDUSTRIAL MANAGEMENT, 2010, : 248 - 254
  • [3] Research on Pricing Mechanism of Agent Construction for Government Investment Projects based on Risk Allocation
    Yan Min
    Yan Ling
    Yin Yilin
    [J]. PROCEEDINGS OF 2010 INTERNATIONAL CONFERENCE ON LOGISTICS SYSTEMS AND INTELLIGENT MANAGEMENT, VOLS 1-3, 2010, : 1708 - +
  • [4] Review of Agent Construction Management for Government Investment Projects
    Yi, Honglei
    Wang, Yousong
    Pang, Yongshi
    [J]. ADVANCED BUILDING MATERIALS AND SUSTAINABLE ARCHITECTURE, PTS 1-4, 2012, 174-177 : 3235 - +
  • [5] Research Frame for Incentive Mechanism of the Construction Agent in Government Investment Project: from the Perspective of Project Governance
    Yan Ling
    Yang Linggang
    Zhao Hua
    [J]. 2009 IEEE INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT, VOLS 1-4, 2009, : 1513 - 1517
  • [6] A Study on the Comparison and Selection of Agent-Construction Modes in Chinese Government Investment Projects
    Li, Zhongyi
    Zhang, Dequn
    [J]. ICCREM 2015: ENVIRONMENT AND THE SUSTAINABLE BUILDING, 2015, : 938 - 945
  • [7] Research on the Governance Structure of Different Agent-construction System Models in Government Investment Projects
    Jia Chong
    Jin Fang
    Zhao Lei
    [J]. PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON PUBLIC ADMINISTRATION (5TH), VOL II, 2009, : 142 - 146
  • [8] Analysis on agent management model in Chinese government investment projects
    Huang Yongguang
    Liu Rui
    Zhao Zhenyu
    [J]. Proceedings of 2006 International Conference on Construction & Real Estate Management, Vols 1 and 2: COLLABORATION AND DEVELOPMENT IN CONSTRUCTION AND REAL ESTATE, 2006, : 197 - 199
  • [9] The Analysis of Information Management in Government Investment Projects Based on the Incomplete Information Static Game Model
    Quan Xuefeng
    Chang Mengxing
    [J]. PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT AND COMPUTING TECHNOLOGY, 2015, 30 : 1860 - 1863
  • [10] Study on the Implementation of Agent Construction System in Forestation Project with Government Investment in China
    Yang, Siling
    Liu, Yingzong
    Gao, Hongjiang
    [J]. NATURAL RESOURCES AND SUSTAINABLE DEVELOPMENT, PTS 1-3, 2012, 361-363 : 1589 - 1592