• DocumentCode
    511134
  • Title

    Game Analysis on the Double Principal-Agent Risk in Risk Investment

  • Author

    Yang, Jinting ; Sun, Zilai ; Liu, Yinghui

  • Author_Institution
    Handan Coll., Handan, China
  • fYear
    2009
  • fDate
    19-20 Dec. 2009
  • Firstpage
    159
  • Lastpage
    162
  • Abstract
    In the risk investment system, whether the double principal-agent relationship which is formed by different interest subjects can smoothly operate is the key to determine the success of risk investment, yet the issue of information asymmetry in the field is more serious than other industry, so that double principal-agent relationship formed in it exists huge risks. A series of binding agreements and institutional arrangements can be reached among different interest subjects and strictly observed by all game parties, then this cooperative game can make the parties have sustained and stable income, and reached the win-win cooperation of game with incomplete information, so as to effectively restrain the double principal-agent risk.
  • Keywords
    game theory; investment; risk analysis; binding agreements; cooperative game; double principal-agent risk; game analysis; information asymmetry; institutional arrangements; principal-agent relationship; risk investment system; Conference management; Educational institutions; Engineering management; Ethics; Investments; Knowledge engineering; Knowledge management; Risk analysis; Risk management; Venture capital; Adverse selection; Double Principal-agent risk; Game analysis; Moral hazard; Risk investment;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Knowledge Engineering and Software Engineering, 2009. KESE '09. Pacific-Asia Conference on
  • Conference_Location
    Shenzhen
  • Print_ISBN
    978-0-7695-3916-4
  • Type

    conf

  • DOI
    10.1109/KESE.2009.49
  • Filename
    5383594