| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1514829 | Energy Procedia | 2011 | 5 Pages |
Abstract
This paper studies the implementation of a regulation problem of China in which the energy industry's private information is unknown to the state-owned assets supervision and administration commission of the state council (SASAC). It's reasonable to use a fuzzy variable to denote the subjective assessment of the SASAC to the private information. A principal-agent model is then set up to maximize the welfare of the SASAC. Pontryagin maximum principle is adopted in this paper to obtain the necessary condition of the optimal solutions.
Related Topics
Physical Sciences and Engineering
Energy
Energy (General)
