Principal-agent analyses of high-end shipping services supply chain

With the globalization of the world economy, relationship of shipping service enterprises in a high-end shipping service supply chain is more and more closely. In high-end shipping service supply chain, the parties´ asymmetric information will lead to the principal-agent problem. Because of the incentive incompatibilities and supervision lackness, the principal-agent relationship between node enterprises in the high-end shipping service supply chain becomes ineffective, which leads to the failure of high-end shipping service contract. This paper analyzed the agency problems of high-end shipping supply chain with multitask principal-agent model, discussed how to design an effective incentive and restraint mechanisms in principal-agent relationships to realize high shipping services supply chain utility maximization.