News Column

Data from University of Jinan Advance Knowledge in General Mathematics

June 17, 2014



By a News Reporter-Staff News Editor at Journal of Mathematics -- Current study results on General Mathematics have been published. According to news reporting from Jinan, People's Republic of China, by VerticalNews journalists, research stated, "An effective agency mode is the key to solve incentive problems in Chinese student loan system. Principal-agent frameworks are considered in which two principals share one common agent that is performing one single task but each prefers the different aspect of the task."

The news correspondents obtained a quote from the research from the University of Jinan, "Three models are built and decision mechanisms are given. The studies show that the three modes have different effects. Exclusive dealing mode is not good for long-term effect because sometimes it guides agent ignoring repayment."

According to the news reporters, the research concluded: "If effort proportionality coefficient and observability are both unchanged, principals all prefer common agency, but independent contracting mode may be more efficient in reality because not only the total outputs under that mode are larger than those under cooperation one, but also preferring independent contracting mode can stimulate the bank participating in the game."

For more information on this research see: Research on Multiprincipals Selecting Effective Agency Mode in the Student Loan System. Mathematical Problems in Engineering, 2014;():1-8. Mathematical Problems in Engineering can be contacted at: Hindawi Publishing Corporation, 410 Park Avenue, 15TH Floor, #287 Pmb, New York, NY 10022, USA. (Hindawi Publishing - www.hindawi.com; Mathematical Problems in Engineering - www.hindawi.com/journals/mpe/)

Our news journalists report that additional information may be obtained by contacting L.B. Ding, Univ Jinan, Sch Econ, Jinan 250022, People's Republic of China. Additional authors for this research include B.Y. Li and S.L. Feng.

Keywords for this news article include: Asia, Jinan, General Mathematics, People's Republic of China

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Source: Journal of Mathematics