Research on Incentive and Constraint Mechanism of Government Entrust to Enterprise Agent Reserve Emergency Material

ABSTRACT

Government entrust to enterprise agent reserve emergency material is a important way for reducing reserve costs and improving the using efficiency of reserve funds. Aiming at the problem of asymmetric information in the process of enterprise agent reserve, this paper use enterprise in the pursuit of maximize their own utility while meeting the government utility maximization as the goal, use the principal-agent theory to establish a long-term and short-term incentive and constraint model of enterprise agent reserve emergency material, and analyze the model in detail, then puts forward some suggestions of establish enterprise agent reserve emergency material incentive and constraint mechanism.

Keywords:

Asymmetric information, emergency material, enterprise agent reserve, incentive and constraint, principal-agent.