Research on the incentive contract of 'energy-saving guaranteed' EPC project in China from the perspective of principal-agent theory

摘要

This paper tries to discuss the incentive contract of "energy-saving guaranteed" EPC project under the situation of information asymmetry according to principalagent theory and incentive mechanism in information economics. It wants to explain the asymmetry's influence on above contract and put forward feasible ways to actively respond to it. The research hopes to help the enterprises to effectively avoid moral hazard caused by energy service companies' hidden action and provides effective countermeasures in policy helpful for smooth promotion of "EPC" mechanism.