Study of exterior problem in principal-agent

被引：0

作者：

Wang Li-na ^{[1
]}

Ai Yun-feng ^{[1
]}

机构：

[1] Northeastern Univ, Sch Business Adm, Shenyang 110004, Peoples R China

来源：

PROCEEDINGS OF 2006 CHINESE CONTROL AND DECISION CONFERENCE | 2006年

关键词：

exterior options; principal-agent; pollution-control cost; pollution-evaluation level; adverse selection;

D O I：

暂无

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

Exterior option functions of administrator and enterprise who release pollution are described. The optimization investment policy decision of the exterior option has been analyzed under different information conditions. The enterprise of exterior options, hides the pollution-evaluation level information under asymmetry information. It is a principal-agent problem having the adverse selection. Objective function is designed at the biggest mathematical expectation value of investment profit. The optimization control of the state equation is taken at pollution-control, cost and pollution-evaluation level. Using maximal principle the found solution scheme of the exterior options optimization pollution-control cost and pollution-evaluation level has been derived. Finally, the emulation experiment in the exterior options was made. The analysis result of. exterior options is verified.

引用

页码：1173 / 1177

页数：5

共 9 条

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