Study on Principal -agent Relationship between Developers and Agents
FU Hong - yuan, PAN Jun - wen,
DOI:10.11835/j.issn.1674-4764.2006.06.027
Received April 07, 2006,Revised April 07, 2006, Accepted , Available online July 01, 2015
Volume ,2006,Pages 102-105
- Abstract
With the development of real estate market,the agency model will be more popular.Under asymmetry of information,both developer and agent are faced with moral hazards.In this paper,the authors analyzed the Principal-agent relationship between developers and agents,and used a principal-agent model to analyze the influencing factors for agent's moral hazards,and the influencing factors for developer's moral hazards,at last,the authors provided some ideas to solve this problem.