# American Institute of Mathematical Sciences

• Previous Article
A common cycle approach for solving the economic lot and inspection scheduling problem
• JIMO Home
• This Issue
• Next Article
An improved approximation algorithm for the $2$-catalog segmentation problem using semidefinite programming relaxation
January  2012, 8(1): 127-139. doi: 10.3934/jimo.2012.8.127

## Optimal assignment of principalship and residual distribution for cooperative R&D

 1 School of Management Science & Engineering, Shandong Normal University, Jinan 250014, China 2 School of Management, Shandong Jiaotong University, Jinan 250023, China

Received  February 2011 Revised  July 2011 Published  November 2011

This paper develops a general equilibrium model with two firms in cooperative R&D projects to investigate the optimal assignment of principalship and residual distribution strategies. We make a distinction between cooperative R&D effort and monitoring effort. When it is costly to sign contracts on R&D efforts under complete information, it may be optimal to let one firm purchase the rights to monitor and to direct, and claim full residual. Principalship is the purchase of these rights. These rights are limited residual rights of control over R&D actions. In the benchmark case of incomplete information, we have also explored how the optimal assignment of principalship distribution in cooperative R&D and partnership depends on the interaction between each member’s importance in cooperative R&D, the effectiveness of monitoring and the degree of R&D teamwork.
Citation: Chang-Feng Wang, Yan Han. Optimal assignment of principalship and residual distribution for cooperative R&D. Journal of Industrial & Management Optimization, 2012, 8 (1) : 127-139. doi: 10.3934/jimo.2012.8.127
##### References:

show all references

##### References:
 [1] Wai-Ki Ching, Jia-Wen Gu, Harry Zheng. On correlated defaults and incomplete information. Journal of Industrial & Management Optimization, 2021, 17 (2) : 889-908. doi: 10.3934/jimo.2020003 [2] Kalikinkar Mandal, Guang Gong. On ideal $t$-tuple distribution of orthogonal functions in filtering de bruijn generators. Advances in Mathematics of Communications, 2020  doi: 10.3934/amc.2020125 [3] Nicolas Rougerie. On two properties of the Fisher information. Kinetic & Related Models, 2021, 14 (1) : 77-88. doi: 10.3934/krm.2020049 [4] Shengxin Zhu, Tongxiang Gu, Xingping Liu. AIMS: Average information matrix splitting. Mathematical Foundations of Computing, 2020, 3 (4) : 301-308. doi: 10.3934/mfc.2020012 [5] Honglin Yang, Jiawu Peng. Coordinating a supply chain with demand information updating. Journal of Industrial & Management Optimization, 2020  doi: 10.3934/jimo.2020181 [6] Yueyang Zheng, Jingtao Shi. A stackelberg game of backward stochastic differential equations with partial information. Mathematical Control & Related Fields, 2020  doi: 10.3934/mcrf.2020047 [7] Huyuan Chen, Dong Ye, Feng Zhou. On gaussian curvature equation in $\mathbb{R}^2$ with prescribed nonpositive curvature. Discrete & Continuous Dynamical Systems - A, 2020, 40 (6) : 3201-3214. doi: 10.3934/dcds.2020125 [8] Chuan Ding, Da-Hai Li. Angel capitalists exit decisions under information asymmetry: IPO or acquisitions. Journal of Industrial & Management Optimization, 2021, 17 (1) : 369-392. doi: 10.3934/jimo.2019116 [9] Hui Gao, Jian Lv, Xiaoliang Wang, Liping Pang. An alternating linearization bundle method for a class of nonconvex optimization problem with inexact information. Journal of Industrial & Management Optimization, 2021, 17 (2) : 805-825. doi: 10.3934/jimo.2019135 [10] Oleg Yu. Imanuvilov, Jean Pierre Puel. On global controllability of 2-D Burgers equation. Discrete & Continuous Dynamical Systems - A, 2009, 23 (1&2) : 299-313. doi: 10.3934/dcds.2009.23.299 [11] Wenmeng Geng, Kai Tao. Large deviation theorems for dirichlet determinants of analytic quasi-periodic jacobi operators with Brjuno-Rüssmann frequency. Communications on Pure & Applied Analysis, 2020, 19 (12) : 5305-5335. doi: 10.3934/cpaa.2020240 [12] Denis Bonheure, Silvia Cingolani, Simone Secchi. Concentration phenomena for the Schrödinger-Poisson system in $\mathbb{R}^2$. Discrete & Continuous Dynamical Systems - S, 2020  doi: 10.3934/dcdss.2020447 [13] Wenqin Zhang, Zhengchun Zhou, Udaya Parampalli, Vladimir Sidorenko. Capacity-achieving private information retrieval scheme with a smaller sub-packetization. Advances in Mathematics of Communications, 2021, 15 (2) : 347-363. doi: 10.3934/amc.2020070 [14] Zhongbao Zhou, Yanfei Bai, Helu Xiao, Xu Chen. A non-zero-sum reinsurance-investment game with delay and asymmetric information. Journal of Industrial & Management Optimization, 2021, 17 (2) : 909-936. doi: 10.3934/jimo.2020004 [15] Xuhui Peng, Rangrang Zhang. Approximations of stochastic 3D tamed Navier-Stokes equations. Communications on Pure & Applied Analysis, 2020, 19 (12) : 5337-5365. doi: 10.3934/cpaa.2020241 [16] Jiahao Qiu, Jianjie Zhao. Maximal factors of order $d$ of dynamical cubespaces. Discrete & Continuous Dynamical Systems - A, 2021, 41 (2) : 601-620. doi: 10.3934/dcds.2020278 [17] Yi An, Bo Li, Lei Wang, Chao Zhang, Xiaoli Zhou. Calibration of a 3D laser rangefinder and a camera based on optimization solution. Journal of Industrial & Management Optimization, 2021, 17 (1) : 427-445. doi: 10.3934/jimo.2019119 [18] Jérôme Lohéac, Chaouki N. E. Boultifat, Philippe Chevrel, Mohamed Yagoubi. Exact noise cancellation for 1d-acoustic propagation systems. Mathematical Control & Related Fields, 2020  doi: 10.3934/mcrf.2020055 [19] Balázs Kósa, Karol Mikula, Markjoe Olunna Uba, Antonia Weberling, Neophytos Christodoulou, Magdalena Zernicka-Goetz. 3D image segmentation supported by a point cloud. Discrete & Continuous Dynamical Systems - S, 2021, 14 (3) : 971-985. doi: 10.3934/dcdss.2020351 [20] Xiaoli Lu, Pengzhan Huang, Yinnian He. Fully discrete finite element approximation of the 2D/3D unsteady incompressible magnetohydrodynamic-Voigt regularization flows. Discrete & Continuous Dynamical Systems - B, 2021, 26 (2) : 815-845. doi: 10.3934/dcdsb.2020143

2019 Impact Factor: 1.366