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Authors: Bin Zhou and Zigang Zhang

Affiliation: Huazhong University of Science and Technology, China

ISBN: 978-989-8425-56-0

ISSN: 2184-4992

Keyword(s): Dredging project, Principal-agent, Long-term income, Incentive mechanism.

Abstract: Through the principal-agent theory and game theory, this article has established the long-term income model of the large-scale dredging project, which has obtained the solution of the long-term incentive model, analyzed the impact of the dynamic consistency as well as pledge and negotiating cost to incomes of the principal and agent by means of increasing different constraint conditions. Furthermore, the study also shows that the long-term incentive model can provide the agent with stronger incentive.

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Paper citation in several formats:
Zhou, B. and Zhang, Z. (2011). STUDY ON THE LONG-TERM INCENTIVE MECHANISM OF THE LARGE-SCALE DREDGING PROJECT.In Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: PMSS, (ICEIS 2011) ISBN 978-989-8425-56-0, ISSN 2184-4992, pages 574-580. DOI: 10.5220/0003591905740580

@conference{pmss11,
author={Bin Zhou. and Zigang Zhang.},
title={STUDY ON THE LONG-TERM INCENTIVE MECHANISM OF THE LARGE-SCALE DREDGING PROJECT},
booktitle={Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: PMSS, (ICEIS 2011)},
year={2011},
pages={574-580},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003591905740580},
isbn={978-989-8425-56-0},
}

TY - CONF

JO - Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 3: PMSS, (ICEIS 2011)
TI - STUDY ON THE LONG-TERM INCENTIVE MECHANISM OF THE LARGE-SCALE DREDGING PROJECT
SN - 978-989-8425-56-0
AU - Zhou, B.
AU - Zhang, Z.
PY - 2011
SP - 574
EP - 580
DO - 10.5220/0003591905740580

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