An Analysis of Principal-Agent Problems and Incentive Mechanism on Managing Science and Technology Projects Sponsored by the Government

作者：Yili Ouyang; Zhao Yulin; Chen Guoding

来源：5th International Conference on Innovation and Management, 2008-12-10 to 2008-12-11.

• Science and technology management
• Academic-agent
• Principal-agent
• Incentive mechanism

To manage the science and technology projects sponsored by the government is a complex system engineering which involves many organizations and partners organized by a principal-agent system. Because of information asymmetry and interest conflicts among them, adverse selection and moral hazards usually make the management system running in a less efficient way under poorly designed institutions in China. The article applies the new theoretic results of principal-agent researches to analyze the key problems of the present China science and technology projects management system and abstracts such a new concept as "academic-agent" to clarify the expert-evaluation system, and finally puts forward some strategies to design the incentive mechanism effectively in order to improve the management system as a whole.

• 出版日期2008
• 单位武汉理工大学