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Game Theory Applied With Analysis Of Efficiency Of Profits Distribution And Bonus Incentive Mechanism In Team

Posted on:2004-12-04Degree:MasterType:Thesis
Country:ChinaCandidate:B HuangFull Text:PDF
GTID:2156360092485294Subject:Business management
Abstract/Summary:PDF Full Text Request
This paper, based on the methodology of modelization of the Agent-Principal theory, makes a profound analysis and discussion on the two commonly used incentive methods in team-profile distribution and bonus incentive-respectively from the perspective of the Economics of the Information, from which several conclusions are derived, namely: 1) in the study of the profits distribution incentive system, we maintain that mutual help and cooperation can not only help to reduce the risk cost in case of asymmetric information and to enhance the efficiency of profits distribution incentive in team, but also be the major factor determining the practicability of the profits distribution incentive as the ineffectiveness or even the negative effect of the profits distribution incentive can always be possible in team without mutual help and cooperation; 2) in the study of the bonus incentive, we insist that the trust among team members is a major factor determining the efficacy of the team bonus incentive, and we put forward some requirements for trust among team members with efficient bonus incentive, and in light of the conclusions drawn from the model, we come up with some methods and suggestions which may help to enhance the effectiveness of the bonus incentive and to minimize the demand for trust in team with efficient bonus incentive; 3) through the study of the optimal risk sharing (optimal profits distribution) in terms of the profits distribution incentive mechanism , we arrive at several factors determining the coefficient of the optimal profits distribution, including external random variable, marginal costs, and large-sale production, and the marginal contribution of efforts of team member, and we, through derivation from the model, we propose a specific formula for reasonable distribution of profits among team: the share of profits for team member i =(the salary of team member i )/(the total salary of all team members); 4) we, from the perspective of coordination game, argue the establishment of a long-term team bonus incentive mechanism can not only encourage team members to work hard and enhance the efficiency of team, but also, in the course of its long-term repeated practice, provide circumstances required for reaching coordination equilibrium for the formation of sound organization convention.
Keywords/Search Tags:work team, incentive mechanism, efficiency, mutual help and cooperation, Agent-Principal, Games
PDF Full Text Request
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