Incentive Contract in Supply Chain with Asymmetric Information
Joint Authors
Wang, Xianyu
Guo, Hongmei
Su, Yingsheng
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-6, 6 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-01-15
Country of Publication
Egypt
No. of Pages
6
Main Subjects
Abstract EN
The supply chain always appears inefficient because of the different targets of members and information asymmetry, especially when upstream enterprises not only hide information about their effort levels, but also hide information about their technology level.
The paper uses principal-agent theory and the theory of regulation to design the contract to realize the maximization of principal's profit on the condition that the contract satisfies the participant and incentive conditions of agent.
As a result, it is obvious that the contract achieves the goal of control.
In addition, it also can be concluded that the amount of rent that the manufacturer can obtain is up to the value of his information and the condition of his resource.
American Psychological Association (APA)
Su, Yingsheng& Guo, Hongmei& Wang, Xianyu. 2014. Incentive Contract in Supply Chain with Asymmetric Information. Discrete Dynamics in Nature and Society،Vol. 2014, no. 2014, pp.1-6.
https://search.emarefa.net/detail/BIM-467461
Modern Language Association (MLA)
Su, Yingsheng…[et al.]. Incentive Contract in Supply Chain with Asymmetric Information. Discrete Dynamics in Nature and Society No. 2014 (2014), pp.1-6.
https://search.emarefa.net/detail/BIM-467461
American Medical Association (AMA)
Su, Yingsheng& Guo, Hongmei& Wang, Xianyu. Incentive Contract in Supply Chain with Asymmetric Information. Discrete Dynamics in Nature and Society. 2014. Vol. 2014, no. 2014, pp.1-6.
https://search.emarefa.net/detail/BIM-467461
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-467461