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2010•Journal of Hebei University of TechnologyRequires access

Research on the Incentive Mechanism of Construction Supervision

Shudong Wang

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Abstract

Taking the scale of projects investment into account,this paper introduces the level of supervision competence,the degree of effort and their impact factors into the principal-agent theory.By analyzing the optimal project supervision incentive coefficient,the incentives are turned to be more effective,the supervisors take more initiatives and moral misconducts are reduced.

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What this paper is about

Taking the scale of projects investment into account,this paper introduces the level of supervision competence,the degree of effort and their impact factors into the principal-agent theory.By analyzing the optimal project supervision incentive coefficient,the incentives are turned to be more effective,the supervisors take more initiatives and moral misconducts are reduced.

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Available abstract

Taking the scale of projects investment into account,this paper introduces the level of supervision competence,the degree of effort and their impact factors into the principal-agent theory.By analyzing the optimal project supervision incentive coefficient,the incentives are turned to be more effective,the supervisors take more initiatives and moral misconducts are reduced.

Key concepts: Incentive, Competence (human resources), Principal (computer security), Business, Principal–agent problem, Mechanism (biology), Microeconomics, Incentive program

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