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| Knowledge Innovation Incentive Study on Scientific Research Team Members based on Double Principal-Agent Model |
| Zhao Limei1,2 |
| (1.Research Center of Information Resources Management, Heilongjiang University;2.Philosophy of Postdoctoral Research Station, Heilongjiang University, Harbin,150080, China) |
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Abstract Double principal-agent relationship model is employed to study the incentive mechanism of scientific research team members′ knowledge innovation, and to promote their knowledge innovation participation consciousness and knowledge contribution willingness. Based on the separation of individual member′s roles in the team′s knowledge innovation, the double principal-agent relationships in the team′s knowledge innovation is interpreted and the knowledge innovation incentive mechanism is analyzed in the double principal-agent relationship, and the incentive measures based on the various human capital values are presented. The analysis of the team′s principal-agent relationship indicates that a team member′s quasi-linear utility makes his/her effective effort independent from his/her profit, according with the idea of Coase Theorem that the action efficiency is indifferent from profit distribution. The analysis of individual principal-agent relationship indicates that when the differentiating incentive contract based on human capital value is implemented, the knowledge contributor′s output share, effort level and certainty equivalent are obviously more optimal which has been tested by numerical simulation and parameters analysis.
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Received: 28 May 2019
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