NDLI: Regulation mechanism research on hidden irregularity of dairy processing enterprises based on Principal-agent Theory

Content Provider	IEEE Xplore Digital Library
Author	Fan Bin Li Cui-xia
Copyright Year	2010
Description	Author affiliation: College of Economics and Management, Northeast Agricultural University, P.R. China, 150030 (Fan Bin; Li Cui-xia)
Abstract	Frequent dairy products quality safe accidents make the government and consumers concern more about hidden irregularities in dairy supply chain. As a very important link in dairy supply chain, the behavior of dairy processing enterprise influences dairy products quality. It's necessary for government to apply fit regulation mechanism to prevent against hidden irregularity of dairy processing enterprises. The purpose of this paper is designing effective hidden irregularity regulation mechanism of dairy processing enterprise based on the basic of Principal-agent Theory to prevent hidden irregularity. In this paper, it assumes that government is first principal, regulation department is secondary principal and enterprise is the agent, then we create and analyze hidden irregularity regulation model. Finally, the optimal regulation mechanism and relative properties are obtained. The results indicate that the impact factors of hidden irregularity of processing enterprises are award incentive, excess income, penalty amount and finding probability. Only government increases the supervision intensity and strength against inferior dairy products and provides award incentive for regulation department, regulation department will find irregularity actively and enterprise will choose regularity strategy. The paper supplies theoretical basis and practical guide to promote dairy products quality for government.
Starting Page	1849
Ending Page	1854
File Size	93524
Page Count	6
File Format	PDF
ISBN	9781424481163
ISSN	21551855
e-ISBN	9781424481194
DOI	10.1109/ICMSE.2010.5720031
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-11-24
Publisher Place	Australia
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Dairy products hidden irregularity Awards activities regulation mechanism Government principal-agent theory Games Nash equilibrium dairy processing enterprise Contracts
Content Type	Text
Resource Type	Article

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