Communication risk in contruction Projects: Application of principal-agent theory
نویسندگان
چکیده
منابع مشابه
Communication risk in contruction projects: Application of principal- agent theory
principal-agent theory, asymmetric information, communication risk, construction projects, project management
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College of Information Science and Engineering, Northeastern University, Key Laboratory of Integrated Automation of Process Industry (Northeastern University), Ministry of Education, Shenyang, China; Department of Mathematics, The University of Hong Kong, Hong Kong, China; Department of Actuarial Studies, Faculty of Business and Economics, Macquarie University, Sydney, Australia. Email: mhuang@...
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Principal Agent Theory (PAT) seeks to identify incentives and sanctions that a consumer should offer a producer as part of a contract in order to maximise the former’s utility. However, identifying optimal contracts in large systems is difficult, particularly when little information is available about producer competencies. In this work we propose that a global contract be used to govern such i...
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ژورنال
عنوان ژورنال: Organization, Technology and Management in Construction: An International Journal
سال: 2012
ISSN: 1847-5450
DOI: 10.5592/otmcj.2012.2.8