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In this paper, we study the problem in which a risk-neutral principal design optimal incentive wage contracts for a risk-averse agent under asymmetric information.Using the theories and methods of dynamic programming and optimal control and mechanism design,the characteristics and some interesting comparative static of optimal linear incentive wage contracts have been obtained in simultaneous adverse...
Under the environment of service-driven property of network technology development, scientific papers published via network platform has become reality. With the development of platform, the academic quality of the papers on the platform become bottleneck, and ldquoadverse selectionrdquo and ldquomoral hazardrdquo are the main reason which affect the academic quality of scientific papers in the platform...
Opportunism is the main reason for alliance relational risk and performance risk and even for alliances failure. In the context of asymmetric alliance, the paper analyses the alliance risk factors, suggests that asymmetric information, unbalanced contribution perception, asymmetric learning race, culture confliction, is the four risk factors that can not be ignored for alliances between large and...
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