“高新技术——创业资本系统”发展过程的效益分析——毁损解策略情形

Abstract

Abstract: From the mutilation solution’s viewpoint,the HTVC system’s development process is profoundly analyzed,when there is the double-sided moral hazard between entrepreneur and venture capitalist.Concretely,the equilibrium contracts are strictly proofed,according to maximizing the entrepreneur’s expected absolute benefit or that of the venture capitalist;monotony relationship for equilibrium contracts and constituents’ efforts about sunk capital amount are researched;By numerical analysis,the HTVC system’s holistic expected benefit(concluding the absolute benefit and the relative one’s monotony relationship with sunk capital amount are described,and its realization are separately compared with its realization under the holistic solution tactic.

Key words: the HTVC system, the opposability solution strategy, the mutilation solution strategy

CLC Number:

C931

HOU He-yin,WANG Huan-chen. Benefit Analysis about the HTVC Integration System’s Development Process under Mutilation Solution Strategy[J]. Chinese Journal of Management Science, 2005, (3): 138-143.

References

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Benefit Analysis about the HTVC Integration System’s Development Process under Mutilation Solution Strategy

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