Modeling of Agency Problems in Complex Decentralized Systems Under Information Asymmetry

Горбачук, Василь; Dunaievskyi, Maxym; Сулейманов, Сеїт-Бекір

doi:10.1109/atit49449.2019.9030498

Cited by 9 publications

(4 citation statements)

References 8 publications

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“…Under the traditional decentralized environmental governance system in China, the central government typically possesses the authority to formulate environmental policies, regulations, and standards, while local governments are responsible for the specific implementation and supervision. However, this decentralization system can give rise to agency problems [36,37]. Agency problems occur when an organization or individual (the agent) is authorized to act on behalf of another organization or individual (the principal), and the agent's interests may not align entirely with those of the principal, resulting in inconsistent behavior or outcomes that deviate from the principal's expectations [38,39].…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Environmental Vertical Management and Enterprises’ Performance: Evidence from Water Pollution Reduction in China

Ji,

Wu,

Zhu

2023

Sustainability

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Firm-level evidence for the impact of environmental vertical management on enterprise environmental performance is limited, especially on the performance of water pollution reduction (WPR). Taking the environmental vertical management reform (EVMR) as a quasi-natural experiment, this study constructs a time-varying difference-in-differences model to investigate the effects of EVMR on the WPR performance of enterprises. Using the latest data from the China Industrial Enterprise Database and China Enterprise Pollution Emission Database (1998–2014), we find that EVMR promotes enterprises to improve the performance of WPR. Moreover, heterogeneity analysis shows that the effects vary with regions, industry pollution intensities, and sizes of enterprises. Further mechanism analysis indicates that EVMR reduces water pollution by stimulating production pattern transformation and decreasing fresh water consumption rather than by increasing wastewater treatment facilities. Our empirical findings support the rationality of EVMR in China and provide beneficial insights for enhancing environmental management systems in other developing economies.

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Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Environmental Vertical Management and Enterprises’ Performance: Evidence from Water Pollution Reduction in China

Ji,

Wu,

Zhu

2023

Sustainability

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“…To measure features of a pandemic, experts analyze and evaluate evolutionary models [7][8][9][10][11][12], in particular, the Bass diffusion model [13,14]. Remarks of experts on using the Bass model for modeling the spread of a pandemic focused on the importance of empirical data [14,15], healthcare measures [14,16], unidentified factors [14,[17][18][19], and organizational priorities [14,20,21]. Thus, the Bass model deserves a detailed study and its conclusions deserve a thorough justification.…”

Section: Problem Statementmentioning

confidence: 99%

Substantiating the Diffusion Model of Innovation Implementation and its Application to Vaccine Propagation

et al. 2022

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The paper examines prerequisites and assumptions of the classical Bass innovation diffusion model with the aim of applying it in modeling of relevant stochastic processes related to the pandemic. The Bass model has proven its versatility and applicability to various environments. A thorough mathematical substantiation of the model properties is presented based on theories of evolutionary equations and stochastic processes for its further development, as well as search for uncertainty parameters and observable variables. The paper provides realistic estimation results of the Bass model parameters for vaccination in Ukraine andBelarus on weekly data of the first half of 2021. Similar studies are suggested for other countries, as well as regions and districts of Ukraine.

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“…1 10 Under information asymmetry, economic competition among jurisdictional governments also has both positive and negative effects on the underinvestment in jurisdictional infrastructure within a complex decentralised system (see Gorbachuk et al, 2019). 11 Bjorvatn and Schjelderup (2002) shows that there is no incentive for tax competition, if β = 1.…”

Section: Data Availabilitymentioning

confidence: 99%

Effect of agency costs on the optimal matching grant rate in a model of tax competition with benefit spillovers

Yang

2020

Humanit Soc Sci Commun

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Agency problems arise in any environment involving a principal-agent relationship. This study examines the effect of horizontal fiscal externalities on the optimal matching grant rate in a model where agency costs are inevitable. Because this study takes agency costs into account, the main results should differ from the standard conclusions of the tax competition literature. This study finds that the degree of agency costs and benefit spillovers determine the relationship between tax competition and the optimal matching grant rate. If agency costs are relatively small, and benefit spillover is zero, the optimal matching grant rate should increase with the factors of production demand elasticities with respect to the factor tax rate and vice versa. Tax competition thus may ease the inefficiency arising from agency costs only if the disutility of effort is so large that the benefits from tax competition exceed the costs when benefit spillover is zero.

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Modeling of Agency Problems in Complex Decentralized Systems Under Information Asymmetry

Cited by 9 publications

References 8 publications

Environmental Vertical Management and Enterprises’ Performance: Evidence from Water Pollution Reduction in China

Environmental Vertical Management and Enterprises’ Performance: Evidence from Water Pollution Reduction in China

Substantiating the Diffusion Model of Innovation Implementation and its Application to Vaccine Propagation

Effect of agency costs on the optimal matching grant rate in a model of tax competition with benefit spillovers

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