Economic Analysis of PrincipalParts of Engineering Project
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Abstract:
This paper first makes behavioral analysis of principle parts of engineering project, then analyzes shirking problems of the two agents and some problems among principal parts based on principal-agent theory. We establish an orientation about the principal-agent relationship among principal parts according to the reality in our country. aimingto establish an effective incentive mechanism. We find it effective to stimulate the agents and prevent the agents from coalition. At last we give an example to show its use.
