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2010•Journal of Hefei UniversityRequires access

The Theory of Common Agency and the Third Party Logistics

Zheng Yin

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Abstract

Traditional principal-agent model can be used for reference to resolve principal-agent problems in the third party logistics.However,in traditional principal-agent model relations of single principal and single agent are too simple to explain the practical problems.In fact,in most cases principal-agent relations are many principals and single agent in the third party logistics.Therefore,it is necessary to use the theory of common agency to explain and resolve principal-agent problems in the third party logistics.

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What this paper is about

Traditional principal-agent model can be used for reference to resolve principal-agent problems in the third party logistics.However,in traditional principal-agent model relations of single principal and single agent are too simple to explain the practical problems.In fact,in most cases principal-agent relations are many principals and single agent in the third party logistics.Therefore,it is necessary to use the theory of common agency to explain and resolve principal-agent problems in the third party logistics.

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Available abstract

Traditional principal-agent model can be used for reference to resolve principal-agent problems in the third party logistics.However,in traditional principal-agent model relations of single principal and single agent are too simple to explain the practical problems.In fact,in most cases principal-agent relations are many principals and single agent in the third party logistics.Therefore,it is necessary to use the theory of common agency to explain and resolve principal-agent problems in the third party logistics.

Key concepts: Third party, Principal (computer security), Principal–agent problem, Agency (philosophy), Simple (philosophy), Business, Computer science, Computer security

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