The profits of the ESCO (Energy Services Company) and EU (Energy Using Organization) in the EPCP (energy performance contracting project) rely on the signing of the shared savings contract and the successful operation of the project, and the probability of the project's success is decided by the complementary efforts of the ESCO and EU. However, the effort selection of the two sides face the bidirectional moral hazard caused by asymmetric information. Based on the robustness of shared savings contract, this paper establishes a bidirectional moral hazard model under asymmetric information to analyze the complementary efforts selection of the ESCO and EU with the given revenue sharing rules, and analyzes the differences of the complementary efforts under symmetric and asymmetric information conditions and the impacts of those efforts on the shared savings contract's robustness by using a numerial simulation. The results show that compared with information symmetry, the bidirectional moral hazard will erode the project's value under information asymmetry, the project's success probability and the level of the parties' efforts will decrease, which reveals the negative impact of asymmetric information on the robustness of the shared savings contract, and the significance of eliminating information asymmetry effectively as well as incentivizing the parties to increase the degree of complementary efforts to enhance the probability of the project's success. Finally, policy recommendations regarding the introduction of incomplete contracts, promoting guaranteed savings contracts, and improving energy savings audits for the enhancement of the robustness of the shared savings contract are provided. This research will be helpful to improve the theoretical research on the contract's robustness, perfect the design of the energy service contract, and formulate the related support policies.
http://ift.tt/2anEx0D
Αρχειοθήκη ιστολογίου
-
►
2023
(138)
- ► Φεβρουαρίου (74)
- ► Ιανουαρίου (64)
-
►
2022
(849)
- ► Δεκεμβρίου (61)
- ► Σεπτεμβρίου (74)
- ► Φεβρουαρίου (65)
-
►
2021
(2936)
- ► Δεκεμβρίου (59)
- ► Σεπτεμβρίου (180)
- ► Φεβρουαρίου (325)
-
►
2020
(1624)
- ► Δεκεμβρίου (293)
- ► Σεπτεμβρίου (234)
- ► Φεβρουαρίου (28)
-
►
2019
(13362)
- ► Δεκεμβρίου (19)
- ► Σεπτεμβρίου (54)
- ► Φεβρουαρίου (5586)
- ► Ιανουαρίου (5696)
-
►
2018
(66471)
- ► Δεκεμβρίου (5242)
- ► Σεπτεμβρίου (5478)
- ► Φεβρουαρίου (4835)
- ► Ιανουαρίου (5592)
-
►
2017
(44259)
- ► Δεκεμβρίου (5110)
- ► Σεπτεμβρίου (5105)
-
▼
2016
(7467)
- ► Δεκεμβρίου (514)
- ► Σεπτεμβρίου (1038)
-
▼
Ιουλίου
(489)
-
▼
Ιουλ 29
(43)
- Sustainability, Vol. 8, Pages 716: Supply Chain Co...
- Sustainability, Vol. 8, Pages 729: Network Analysi...
- IJMS, Vol. 17, Pages 1231: SMA Human iPSC-Derived ...
- IJMS, Vol. 17, Pages 1237: VEGF and FGF2 Improve R...
- Sensors, Vol. 16, Pages 1201: Maximum Data Collect...
- Sustainability, Vol. 8, Pages 730: Research on the...
- IJMS, Vol. 17, Pages 1231: SMA Human iPSC-Derived ...
- IJMS, Vol. 17, Pages 1237: VEGF and FGF2 Improve R...
- Sensors, Vol. 16, Pages 1202: Dynamic Calibration ...
- The impact of early environmental interventions on...
- Infant hair cortisol: associations with salivary c...
- Computer-based tools for assessing micro-longitudi...
- IJMS, Vol. 17, Pages 1228: Urinary Dopamine as a P...
- IJMS, Vol. 17, Pages 1235: Biological Effect of a ...
- IJMS, Vol. 17, Pages 1238: Navicula sp. Sulfated P...
- Forests, Vol. 7, Pages 163: Functional Diversity o...
- Forests, Vol. 7, Pages 165: Forest Stand Inventory...
- Materials, Vol. 9, Pages 643: Compatibilized Immis...
- RNA-binding protein HuR and the members of miR-200...
- Identification of new branch points and unconventi...
- Dietary intake in young adults born small or appro...
- Cross-sectional study of patients with type 2 diab...
- Pharmacological interventions to improve sleep in ...
- Retrospective observational study to assess the cl...
- Evaluation of a programme for 'Rapid Assessment of...
- Association between passive smoking and mental dis...
- Kaizen practice in healthcare: a qualitative analy...
- Assessing sex-differences and the effect of timing...
- The basis of clinical tribalism, hierarchy and ste...
- IJMS, Vol. 17, Pages 1228: Urinary Dopamine as a P...
- Children, Vol. 3, Pages 12: Effects of Cardiorespi...
- Chemosensors, Vol. 4, Pages 13: Guanine Quadruplex...
- IJMS, Vol. 17, Pages 1235: Biological Effect of a ...
- IJMS, Vol. 17, Pages 1238: Navicula sp. Sulfated P...
- Nutrients, Vol. 8, Pages 468: Usual Intake of Key ...
- Sensors, Vol. 16, Pages 1199: A Portable Real-Time...
- Cancers, Vol. 8, Pages 72: Human Papillomavirus Ge...
- Little Leaguer's Shoulder - Everything You Need To...
- Ultrasensitive Fluorescent Probes Reveal an Advers...
- CCL2, CCL5, IL4 and IL15 Gene Polymorphisms in Wom...
- Second Trimester Fetal and Maternal Epicardial Fat...
- LOC-SERS: A Promising Closed System for the Identi...
- Effect of a Dual Charge on the DNA-Conjugated Redo...
-
▼
Ιουλ 29
(43)
- ► Φεβρουαρίου (793)
Αναζήτηση αυτού του ιστολογίου
Παρασκευή 29 Ιουλίου 2016
Sustainability, Vol. 8, Pages 730: Research on the Participant Behavior Selections of the Energy Performance Contracting Project Based on the Robustness of the Shared Savings Contract
Εγγραφή σε:
Σχόλια ανάρτησης (Atom)
-
Αλέξανδρος Γ. Σφακιανάκης Medicine by Alexandros G. Sfakianakis,Anapafseos 5 Agios Nikolaos 72100 Crete Greece,00302841026182,0030693260717...
-
heory of COVID-19 pathogenesis Publication date: November 2020Source: Medical Hypotheses, Volume 144Author(s): Yuichiro J. Suzuki ScienceD...
-
Alimentary Pharmacology &Therapeutics, EarlyView. https://ift.tt/2qECBIJ
Δεν υπάρχουν σχόλια:
Δημοσίευση σχολίου
Σημείωση: Μόνο ένα μέλος αυτού του ιστολογίου μπορεί να αναρτήσει σχόλιο.