Study on the asymmetry information problem under the based on principal –agent theory
The relationship agent and principal information asymmetry is a typical agent-principal problem. The core of this theory design the participation constraint, individual rationally constraint (IR) and incentive compatibility constraint (IC) and the principal expected unity function is maximization. This study analyzes the principal relationship between agents through establishing a gambling model. The contribution of this study is the formulated model of principal-agent relationship between the agent and the principal. In this model, the present study thoughtful moral hazard is different from most existing research in this field. Finally, the paper gives some suggestions and conclusion provides information on the company that should also consider shared responsibility and professional competence.