Incentive compatible compensation mechanism for centrally planned industry with multiple agents and communiction
This thesis applies the existing agency theory into the problem of production planning in a centrally planned industry. The planner's objective is to maximize social welfare contributed by the industry, while the firms individually want to maximize utility over money compensation minus disutili...
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| Language: | English |
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University of British Columbia
2010
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| Online Access: | http://hdl.handle.net/2429/26114 |