Regulation on Energy Industry in China under Asymmetric Information

被引：1
|
作者：
Wang Tao [1 ]
Wang Haidong [2 ]
Du Huibin [1 ]
机构：
[1] Tianjin Univ, Inst Syst Engn, Tianjin 300072, Peoples R China
[2] Chongqing Univ Posts & Telecommun, Math & Phys Coll, Chongqing 400065, Peoples R China
来源：
2010 INTERNATIONAL CONFERENCE ON ENERGY, ENVIRONMENT AND DEVELOPMENT (ICEED2010) | 2011年 / 5卷
基金：
中国国家自然科学基金;
关键词：
Asymmetric information; Principal-agent model; Regulation; Energy industry; Fuzzy variable;
D O I：
10.1016/j.egypro.2011.03.080
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
This paper studies the implementation of a regulation problem of China in which the energy industry's private information is unknown to the state-owned assets supervision and administration commission of the state council ( SASAC). It's reasonable to use a fuzzy variable to denote the subjective assessment of the SASAC to the private information. A principal-agent model is then set up to maximize the welfare of the SASAC. Pontryagin maximum principle is adopted in this paper to obtain the necessary condition of the optimal solutions. (C) 2011 Published by Elsevier Ltd. Selection and peer-review under responsibility of RIUDS
引用
收藏
页码：462 / 466
页数：5
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