Abstract
The authors introduced cobb-douglas function into the research of parametric multi-task principal-agent model, and made a case study of the model. The research shows that the principal should increase incentive strength for the tasks with higher importance and lower uncertainty, making their incentive strength higher than that for the tasks with lower importance and higher uncertainty; when the agent avoids risk strongly and the entrusted task has more uncertainty, the principal should reduce incentive strength to weaken risk sharing; when the individual ability of the agent is strong, the principal should increase the sharing coefficient of the agent to encourage the agent further.
WANG Xiang-Bing,YAN An-Le,YANG Wei-Zhong. A Research into the Multi-Task Principal-agent Model Based on the Cobb-Douglas Function. Economic Survey, 2011, 28(6): 01.
2011, Vol. 28 
[an error occurred while processing this directive] | [an error occurred while processing this directive]
