But how to maximize the payoff of each side, or say, how to find an equilibrium in the licensing process is a standard principle-agent problem.
但在授权过程当中如何能使授权各方都能达到自己的最大利润，也就是如何去寻找一个均衡。
In the principle-agent problem with moral hazard, the observation of the state of nature has the same effect with the monitoring of agent's action.
在道德风险问题的委托代理关系中，委托人对代理人行动的监督与对自然状态的观测所起的效果是等价的。
We find that the combination of identity and incentive pay provides a good idea of solving the principle-agent problem in the public and firms in China.
我们发现身份认同与薪酬激励的结合为解决中国公共部门与企业的委托代理问题均提供了很好的研究思路。
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