Regulatory policy for gutter oil based on principal-agent model under asymmetric information

Jun Wu; Yanlin Bi; Jian Li; Wenyan Yuan

doi:10.12011/1000-6788(2016)10-2610-08

Regulatory policy for gutter oil based on principal-agent model under asymmetric information

Jun Wu, Yanlin Bi, Jian Li^*, Wenyan Yuan

^*Corresponding author for this work

Beijing University of Chemical Technology

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

Gutter oil becomes one of hot topics of food safety in China. Gutter oil is bad for health, but it can be used as raw material for biomass energy. In this paper, we study the regulatory policy for gutter oil by using principal-agent model. Both the incentive mechanism and punishment mechanism are proposed. The results provides good insights for regulatory policy on gutter oil disposal management.

Original language	English
Pages (from-to)	2610-2617
Number of pages	8
Journal	Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice
Volume	36
Issue number	10
DOIs	https://doi.org/10.12011/1000-6788(2016)10-2610-08
Publication status	Published - 25 Oct 2016
Externally published	Yes

Keywords

Asymmetric information
Gutter oil
Principal-agent theory
Regulatory policy

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10.12011/1000-6788(2016)10-2610-08

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abstract = "Gutter oil becomes one of hot topics of food safety in China. Gutter oil is bad for health, but it can be used as raw material for biomass energy. In this paper, we study the regulatory policy for gutter oil by using principal-agent model. Both the incentive mechanism and punishment mechanism are proposed. The results provides good insights for regulatory policy on gutter oil disposal management.",

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AU - Bi, Yanlin

AU - Li, Jian

AU - Yuan, Wenyan

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N2 - Gutter oil becomes one of hot topics of food safety in China. Gutter oil is bad for health, but it can be used as raw material for biomass energy. In this paper, we study the regulatory policy for gutter oil by using principal-agent model. Both the incentive mechanism and punishment mechanism are proposed. The results provides good insights for regulatory policy on gutter oil disposal management.

AB - Gutter oil becomes one of hot topics of food safety in China. Gutter oil is bad for health, but it can be used as raw material for biomass energy. In this paper, we study the regulatory policy for gutter oil by using principal-agent model. Both the incentive mechanism and punishment mechanism are proposed. The results provides good insights for regulatory policy on gutter oil disposal management.

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KW - Principal-agent theory

KW - Regulatory policy

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Regulatory policy for gutter oil based on principal-agent model under asymmetric information

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Keywords

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