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1.
The agent’s private information contributes greatly to a person to make principal decision in the supply of a chain coordination.
Therefore, it is a great issue for him to design an effective incentive mechanism in order to get the true information from
the agent in his principle making. Assuming that the demand depend upon an agent’s effort level and the fuzzy market condition,
the author in this paper researches and analyzes the principle-agent problem under fuzzy information asymmetry condition by
using the theory of principal-agent as well as incentive mechanism. 相似文献
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Dominant strategy mechanisms for contract auctions with risk aversion and moral hazard 总被引:1,自引:0,他引:1
Frank H. Page Jr. 《International Journal of Game Theory》1994,23(1):25-42
Within the class dominant strategy incentive compatible mechanisms, we show that there exists an optimal contracting mechanism for the principal for a version of the incomplete information principal-agent problem in which several agents compete for a contract and the principal selects an agent via a contract auction. In our auction model, we assume that the principal and the agents are risk averse, and we allow for uncountably many agent types. We also assume that the principal's probability measure over type profiles in such that correlation between agent's types is possible. Thus, we do not require that agents' types be independently distributed. Finally, we impose limited liability constraints upon the set of contracts. Due to the nature of the individual rationality and incentive compatibility constraints, the existence problem is nonstandard and novel existence arguments are required. We prove existence using a measurable selection result and a new notion of compactness called K-compactness. 相似文献
4.
This paper presents a bilevel fuzzy principal-agent model for optimal nonlinear taxation problems with asymmetric information,
in which the government and the monopolist are the principals, the consumer is their agent. Since the assessment of the government
and the monopolist about the consumer’s taste is subjective, therefore, it is reasonable to characterize this assessment as
a fuzzy variable. What’s more, a bilevel fuzzy optimal nonlinear taxation model is developed with the purpose of maximizing
the expected social welfare and the monopolist’s expected welfare under the incentive feasible mechanism. The equivalent model
for the bilevel fuzzy optimal nonlinear taxation model is presented and Pontryagin maximum principle is adopted to obtain
the necessary conditions of the solutions for the fuzzy optimal nonlinear taxation problems. Finally, one numerical example
is given to illustrate the effectiveness of the proposed model, the results demonstrate that the consumer’s purchased quantity
not only relates with the consumer’s taste, but also depends on the structure of the social welfare. 相似文献
5.
We are studying in this article an interplay between workers in organizations under the assumption that workers exhibit behavioral
biases: envy, jealousy, or admiration toward the other coworkers’ compensation. We assume workers care about their relative
position, and we study the impact of this assumption on their efforts and on their optimal incentive contracts. We explicitly
solve for the optimal incentive contract of moral hazard a la Holmstrom and Milgrom (Econometrica 55:303–328, 1987). We model team production by agents in which each agent’s effort generates an observable signal and depends on efforts of
other agents. One of the important findings is that an agent’s optimal effort is negatively impacted by the behavioral biases
in other agents’ judgments. We also show envious behavior is destructive for organizations. Consistent with Tirole (Econometrica
69(1):1–35, 2001), our findings suggest that in the presence of agency problems induced by envy or jealousy, the optimal compensation exhibits
high pay-for-performance sensitivity. 相似文献
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考虑具有双边道德风险的委托代理问题,将解聘补偿和过度自信同时引入公司高管的激励契约,构建带有解聘补偿机制的过度自信高管动态激励模型,研究委托人解聘倾向对过度自信高管激励合同设计的影响。结果表明:委托人解聘倾向与高管的过度自信水平呈U型关系,高管代理人努力水平与高管的过度自信水平呈倒U型关系,适度的自信水平能够降低委托人的解聘倾向以及提高高管的努力水平;在引入解聘机制的情境下,解聘补偿能够有效抑制委托人的道德风险,降低委托人的解聘倾向,增加高管两期的努力水平;随着聘期的增加,高管第二期的努力水平低于第一期,委托人第二期的解聘倾向高于第一期;两个合同期内的补偿机制相互影响,表现在第二期的解聘补偿提高了委托人第一期的解聘倾向,导致高管第一期努力水平的下降,而第一期的解聘补偿提高了高管在第二期继续留任的可能性,从而增加了高管和委托人在第二期的期望收益。研究结论对我国企业高管薪酬改革以及长期激励合同设计具有一定的理论参考价值。 相似文献
8.
下层问题以上层决策变量作为参数,而上层是以下层问题的最优值作为响应
的一类最优化问题——二层规划问题。我们给出了由一系列此类二层规划去逼近原二层规划的逼近法,得到了这种逼近的一些有趣的结果. 相似文献
9.
In this study we show predictions made by the standard principal-agent theory may not hold when knowlege assumptions are relaxed. Conventional principal-agent models assume players are completely rational: they know their own and other player's utilities and probabilities of all states of nature. In reality, players must make decisions without such knowledge.We define a simple version of the principal-agent game and examine it using object-oriented computer simulation. Player learning is modeled with a statistical learning model. Our results show that even this simple game combined with standard learning assumptions results in complex behavior. Expectations of both the principal and the agents are crucial in determining the system outcomes. Expectations and lack of prior knowledge make it possible for the principal to converge on suboptimal behavior or not converge on a consistent behavior at all. The same attributes in the agents make it possible for the principal to drive expectations down and thus get higher effort for lower reward.This study contributes a more robust understanding of the principal-agent model and its application to incentive design. 相似文献
10.
R. Andreani S. L. C. Castro J. L. Chela A. Friedlander S. A. Santos 《Computational Optimization and Applications》2009,43(3):307-328
We present a new algorithm for solving bilevel programming problems without reformulating them as single-level nonlinear programming
problems. This strategy allows one to take profit of the structure of the lower level optimization problems without using
non-differentiable methods. The algorithm is based on the inexact-restoration technique. Under some assumptions on the problem
we prove global convergence to feasible points that satisfy the approximate gradient projection (AGP) optimality condition. Computational experiments are presented that encourage the use of this method for general bilevel
problems.
This work was supported by PRONEX-Optimization (PRONEX—CNPq/FAPERJ E-26/171.164/2003—APQ1), FAPESP (Grants 06/53768-0 and
05-56773-1) and CNPq. 相似文献
11.
Abdelmalek Aboussoror Samir Adly Fatima Ezzahra Saissi 《Set-Valued and Variational Analysis》2017,25(1):113-132
The paper deals with a strong-weak nonlinear bilevel problem which generalizes the well-known weak and strong ones. In general, the study of the existence of solutions to such a problem is a difficult task. So that, for a strong-weak nonlinear bilevel problem, we first give a regularization based on the use of strict ??-solutions of the lower level problem. Then, via this regularization and under sufficient conditions, we show that the problem admits at least one solution. The obtained result is an extension and an improvement of some recent results appeared recently in the literature for both weak nonlinear bilevel programming problems and linear finite dimensional case. 相似文献
12.
In this article, we consider bilevel optimization problems with discrete lower level and continuous upper level problems. Taking into account both approaches (optimistic and pessimistic) which have been developed in the literature to deal with this type of problem, we derive some conditions for the existence of solutions. In the case where the lower level is a parametric linear problem, the bilevel problem is transformed into a continuous one. After that, we are able to discuss local optimality conditions using tools of variational analysis for each of the different approaches. Finally, we consider a simple application of our results namely the bilevel programming problem with the minimum spanning tree problem in the lower level. 相似文献
13.
Khosrow Moshirvaziri Mahyar A. Amouzegar Stephen E. Jacobsen 《Journal of Global Optimization》1996,8(3):235-243
A method of constructing test problems for linear bilevel programming problems is presented. The method selects a vertex of the feasible region, far away from the solution of the relaxed linear programming problem, as the global solution of the bilevel problem. A predetermined number of constraints are systematically selected to be assigned to the lower problem. The proposed method requires only local vertex search and solutions to linear programs. 相似文献
14.
This work is devoted to one section of a game theory popular in recent years, the theory of contracts and the problem of an
agent and a principal. A principal tries to stimulate agents into making a number of contracts with clients using his resources
in order to maximize his profits as a result. At the same time, the principal has limited information about the agents. He
knows only the results he has obtained; he does not know their type or the efforts made. The strategy of the principal is
an incentive scheme that shows the agent’s reward depending on his results. In turn, the agents try to maximize their benefits
while having the right to turn down a contract. We do not consider models with random events, and we restrict ourselves to
the deterministic case. The model thus does not fall under the heading of a moral hazard but is related to a situation of
unfavorable selection. 相似文献
15.
Arleta Rasmußen 《Central European Journal of Operations Research》2014,22(1):73-88
The principal-agent problem is an interesting problem involved in many everyday relationships, such as the one between company owners and their delegates. Our experiment simulates such a relationship, whereby the task of participating pairs is to negotiate labor contracts. Our aim is to find the effects of face-to-face communication and negotiation on contract framing. We argue that including pre-play communication into the principal-agent problem leads to a significant improvement of agent’s effort and results in changes of the compensation scheme. We show that incentives are not the only possibility to induce high effort. We use content analysis of the video-taped negotiations to find some characteristics of the communication process. 相似文献
16.
An interval approach based on expectation optimization for fuzzy random bilevel linear programming problems 总被引:1,自引:0,他引:1
This paper considers a class of bilevel linear programming problems in which the coefficients of both objective functions are fuzzy random variables. The main idea of this paper is to introduce the Pareto optimal solution in a multi-objective bilevel programming problem as a solution for a fuzzy random bilevel programming problem. To this end, a stochastic interval bilevel linear programming problem is first introduced in terms of α-cuts of fuzzy random variables. On the basis of an order relation of interval numbers and the expectation optimization model, the stochastic interval bilevel linear programming problem can be transformed into a multi-objective bilevel programming problem which is solved by means of weighted linear combination technique. In order to compare different optimal solutions depending on different cuts, two criterions are given to provide the preferable optimal solutions for the upper and lower level decision makers respectively. Finally, a production planning problem is given to demonstrate the feasibility of the proposed approach. 相似文献
17.
The penalty function method, presented many years ago, is an important numerical method for the mathematical programming problems. In this article, we propose a dual-relax penalty function approach, which is significantly different from penalty function approach existing for solving the bilevel programming, to solve the nonlinear bilevel programming with linear lower level problem. Our algorithm will redound to the error analysis for computing an approximate solution to the bilevel programming. The error estimate is obtained among the optimal objective function value of the dual-relax penalty problem and of the original bilevel programming problem. An example is illustrated to show the feasibility of the proposed approach. 相似文献
18.
Yibing Lv Tiesong Hu Zhongping Wan 《Journal of Computational and Applied Mathematics》2008,220(1-2):175-180
In order to consider the inverse optimal value problem under more general conditions, we transform the inverse optimal value problem into a corresponding nonlinear bilevel programming problem equivalently. Using the Kuhn–Tucker optimality condition of the lower level problem, we transform the nonlinear bilevel programming into a normal nonlinear programming. The complementary and slackness condition of the lower level problem is appended to the upper level objective with a penalty. Then we give via an exact penalty method an existence theorem of solutions and propose an algorithm for the inverse optimal value problem, also analysis the convergence of the proposed algorithm. The numerical result shows that the algorithm can solve a wider class of inverse optimal value problem. 相似文献
19.
双层规划在经济、交通、生态、工程等领域有着广泛而重要的应用.目前对双层规划的研究主要是基于强双层规划和弱双层规划.然而,针对弱双层规划的求解方法却鲜有研究.研究求解弱线性双层规划问题的一种全局优化方法,首先给出弱线性双层规划问题与其松弛问题在最优解上的关系,然后利用线性规划的对偶理论和罚函数方法,讨论该松弛问题和它的罚问题之间的关系.进一步设计了一种求解弱线性双层规划问题的全局优化方法,该方法的优势在于它仅仅需要求解若干个线性规划问题就可以获得原问题的全局最优解.最后,用一个简单算例说明了所提出的方法是可行的. 相似文献
20.
Bilevel programming problems are often reformulated using the Karush–Kuhn–Tucker conditions for the lower level problem resulting in a mathematical program with complementarity constraints(MPCC). Clearly, both problems are closely related. But the answer to the question posed is “No” even in the case when the lower level programming problem is a parametric convex optimization problem. This is not obvious and concerns local optimal solutions. We show that global optimal solutions of the MPCC correspond to global optimal solutions of the bilevel problem provided the lower-level problem satisfies the Slater’s constraint qualification. We also show by examples that this correspondence can fail if the Slater’s constraint qualification fails to hold at lower-level. When we consider the local solutions, the relationship between the bilevel problem and its corresponding MPCC is more complicated. We also demonstrate the issues relating to a local minimum through examples. 相似文献