Principal-Agent Problems of Administrative Departments and Teachers in Colleges
Xie Fang · Journal of Tianjin University Science and Technology · 2010
It is a typical principal and agent relation between administrative departments and teachers in colleges.Due to information asymmetry between principal and agent,the issue of agent no effort and teaching quality descending will occur.According to principal-agent theory,a principal-agent model was constracted between the administrative departments and teachers in colleges.The principal's expected utility function and agent's expected utility function were established.Then the model was solved and pareto dominance is achieved.Finally,the advice of incentive competition mechanism,reward incentive competition mechanism,competition restraint mechanism,and logistics guarantee mechanism in colleges was proposed.