Multi-task Incentive Contract with Specific Task Ability

Multi-task Incentive Contract with Specific Task Ability

Chunping Wang Hua Liu 

Library, Kunming University of Science and Technology, Kunming 650500, China

Kunming Municipal Commission of Development and Reform, Kunming 650500, China

Corresponding Author Email:,
27 April 2017
| |
10 May 2017
| | Citation



Based on traditional H-M principal-agent model and introduction of specific task ability, optimal incentive model with the specific task ability is established. the first best contract under symmetric information and the second best contract under asymmetric information are given. And the better specific task ability is, the higher incentive intensity is; the higher the risk aversion level and uncertainty are, the lower incentive intensity is.


Multi-task, Principal-agent, Incentive Contract.

1. Introduction
2. Model
3. Model Solve
4. Comparative Static Analysis
5. Conclusion

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