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Research on Governance Mechanism of Substitute Expressway Owner against Opportunism Behavior of Agent

ZHAO Wenyi,WANG Xuancang (School of Highway,Chang'an University,Xi'an Shaanxi 710064,China)  
The connotation of management mode of substitute project and basic logic of principal-agent theory in information economics were introduced.Incentive mechanism model of governance of substitute expressway owner to opportunism behavior of agent was established.The analysis results show that(1)when influence coefficients of effort cost coefficient of substitute expressway owner,social supervision coefficient and opportunism behavior of agent to investment surplus keep unchangeably,agent effort degree can be improved and opportunism behavior of agent can be decreased under improvement of sharing coefficient of agent investment surplus,and vice versa;(2) with the variations of agent effort cost coefficient,social supervision coefficient and opportunism behavior of agent to influence coefficient of investment surplus,absolute risk elusion of agent and variance of exogenous indeterminacy,optimal sharing coefficient of agent to expressway investment surplus should be adjusted,meanwhile,optimal choice action of agent can be changed simultaneously.
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