Research on the Administrative Cost Control Model Based on the Principal-Agent Theory
In this paper, we analyze the asymmetry information of government administrative cost control. We model the problem as a Principal-Agent model. Then we discuss the issue of how the upper-level government encourages the lower-level government to reduce the administrative cost initiatively under the moral hazard situation. In view of incentive mechanism we design a contract. We use the genetic algorithm to do the simulation and work out the optimal contract coefficients.
Principal-Agent Theory Asymmetric Information Administrative Cost Genetic Algorithm
Li Li Chu Xianghua Ma Lijun
School of Management, Shenzhen University, Shenzhen, P.R.China, 518060
国际会议
郑州
英文
2008-09-20(万方平台首次上网日期,不代表论文的发表时间)