经济评论
經濟評論
경제평론
Economic Review
2011年
1期
116~126
,共null页
公司治理 国有控股公司 合谋 机制设计
公司治理 國有控股公司 閤謀 機製設計
공사치리 국유공고공사 합모 궤제설계
Corporate Governance; State-controlling Companies; Collusion; Mechanism Design
本文对委托人、监督者和代理人的主体进行重新界定,并对无合谋防御机制时的情形作了分析,再针对合谋行为设计出监督者主导和委托人主导两种合谋防御机制。在监督者主导的防御机制中,委托人事前给出一组契约,授权监督者向代理人提供子契约,委托人提供的契约可使得监督者和代理人所得到的转移支付都不小于其实施合谋时的信息租金,让监督者和代理人没有激励进行合谋。在委托人主导型的防御机制中,委托人同时与监督者和代理人签订契约,如代理人谎报自己的成本类型,委托人会对代理人实施罚金,而给予监督者奖励,让监督者有动力积极履行职责,且能激励高成本类型的代理人降低生产成本。
本文對委託人、鑑督者和代理人的主體進行重新界定,併對無閤謀防禦機製時的情形作瞭分析,再針對閤謀行為設計齣鑑督者主導和委託人主導兩種閤謀防禦機製。在鑑督者主導的防禦機製中,委託人事前給齣一組契約,授權鑑督者嚮代理人提供子契約,委託人提供的契約可使得鑑督者和代理人所得到的轉移支付都不小于其實施閤謀時的信息租金,讓鑑督者和代理人沒有激勵進行閤謀。在委託人主導型的防禦機製中,委託人同時與鑑督者和代理人籤訂契約,如代理人謊報自己的成本類型,委託人會對代理人實施罰金,而給予鑑督者獎勵,讓鑑督者有動力積極履行職責,且能激勵高成本類型的代理人降低生產成本。
본문대위탁인、감독자화대리인적주체진행중신계정,병대무합모방어궤제시적정형작료분석,재침대합모행위설계출감독자주도화위탁인주도량충합모방어궤제。재감독자주도적방어궤제중,위탁인사전급출일조계약,수권감독자향대리인제공자계약,위탁인제공적계약가사득감독자화대리인소득도적전이지부도불소우기실시합모시적신식조금,양감독자화대리인몰유격려진행합모。재위탁인주도형적방어궤제중,위탁인동시여감독자화대리인첨정계약,여대리인황보자기적성본류형,위탁인회대대리인실시벌금,이급여감독자장려,양감독자유동력적겁리행직책,차능격려고성본류형적대리인강저생산성본。
In this paper,we redefine that who are principal,supervisor and agent.We also analyze the situation without collusion-proof mechanism,and design two collusion proof mechanisms.One is dominated by supervisor and the other by principal.In the anterior mechanism,principal provides a contract beforehand,and authorizes supervisor to contract with agent.Principal can make the transfer payoffs to supervisor and agent more than the information rents produced by collusion.It will give supervisor no incentive to participate collusion.In the later one,principal contracts with supervisor and agent at the same time.If agent lies about his cost type,principal will punish agent,and give additional premiums to supervisor.Then supervisor will have incentives to execute supervision,and high cost agent also will have incentives to reduce the production cost.