Abstract

Game analysis on synergy of the industry-universityresearch based on double principal-agent

Author(s): Liu Aijun, Yu Yongbo, Liu Hailin

There exsits the double principal-agent in the Industry-University-Research(IUR) cooperation. A principal-agent model of the IUR synergy is set up through introducing the individual rationality constraint and incentive compatibility, to demonstrate the inevitability of the existence of moral hazard and the necessity of the design of incentive contract in the IUR synergy cooperation,point out that the relevant parameters could be determined to design contract mechanism to improve the efficiency of the IUR synergy.