Study on Incentive Mechanism of Large-Scale Dredging Project Based on Fairness Preference

Abstract

This paper establishes fair incentive model of large-scale dredging project using principal-agent theory and fairness preference theory and analyzes the influence of technical parameters of ships and bid price of the dredging project on principal, agent incentives and profits. Study shows that the principal-agent model must be corrected, so this paper puts forward correction methods and calculation methods.