Special knowledge sharing incentive mechanism for two clients with complementary knowledge: A principal-agent perspective
In this paper, we study how the firm share the special knowledge of two knowledge-complementarity clients by implementing a large and complex project which the firm out-sourced. Firstly, incentive mechanism for complementarity special knowledge sharing are designed for clients being risk-neutral and risk-averse respectively under the asymmetric information. Further, knowledge complementary effects and other relevant factors on the optimal incentive coefficient are analyzed. Lastly, the numerical results are reported. Crown Copyright (C) 2011 Published by Elsevier Ltd. All rights reserved.
knowledge sharing incentive mechanism knowledge complementary principal-agent theory