This paper studies the impact of two decision makers’ interaction with conflicts on the efficiencies of the system. We start with a general principal-agent framework where the principal and the agent make decisions independently and the principal has a contradictive objective to that of the agent. We develop data envelopment analysis (DEA) models in the principal’s and the agent’s perspectives respectively. Non-cooperation between the principal and the agent is discussed to illustrate how one decision maker affects the other and the corresponding efficiency and incentive contract of the system. In addition, cooperation of the two parties is also analyzed to better derive how the performance of the system is influenced by the parties and their interactions as well. Then, this study illustrates the proposed models and effective incentive contracts by applying them to the efficiency evaluations of 22 China listed electric power companies.
Accepté le :
DOI : 10.1051/ro/2018052
Mots-clés : Data envelopment analysis, two decision makers, conflict, principal-agent problem
@article{RO_2019__53_3_749_0,
author = {Gu, Yuandong and Zhao, Linlin and Zha, Yong and Liang, Liang},
title = {DEA models for two decision makers with conflicts: the principal-agent problem},
journal = {RAIRO - Operations Research - Recherche Op\'erationnelle},
pages = {749--765},
publisher = {EDP-Sciences},
volume = {53},
number = {3},
year = {2019},
doi = {10.1051/ro/2018052},
mrnumber = {3962719},
zbl = {1423.90113},
language = {en},
url = {http://archive.numdam.org/articles/10.1051/ro/2018052/}
}
TY - JOUR AU - Gu, Yuandong AU - Zhao, Linlin AU - Zha, Yong AU - Liang, Liang TI - DEA models for two decision makers with conflicts: the principal-agent problem JO - RAIRO - Operations Research - Recherche Opérationnelle PY - 2019 SP - 749 EP - 765 VL - 53 IS - 3 PB - EDP-Sciences UR - http://archive.numdam.org/articles/10.1051/ro/2018052/ DO - 10.1051/ro/2018052 LA - en ID - RO_2019__53_3_749_0 ER -
%0 Journal Article %A Gu, Yuandong %A Zhao, Linlin %A Zha, Yong %A Liang, Liang %T DEA models for two decision makers with conflicts: the principal-agent problem %J RAIRO - Operations Research - Recherche Opérationnelle %D 2019 %P 749-765 %V 53 %N 3 %I EDP-Sciences %U http://archive.numdam.org/articles/10.1051/ro/2018052/ %R 10.1051/ro/2018052 %G en %F RO_2019__53_3_749_0
Gu, Yuandong; Zhao, Linlin; Zha, Yong; Liang, Liang. DEA models for two decision makers with conflicts: the principal-agent problem. RAIRO - Operations Research - Recherche Opérationnelle, Tome 53 (2019) no. 3, pp. 749-765. doi : 10.1051/ro/2018052. http://archive.numdam.org/articles/10.1051/ro/2018052/
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