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participation constraint
释义
participation constraint
Encyclopedia
经济学
激励机制设计
释
participation constraint
参与约束
在委托人与代理人双方合意的非强制性契约下,使得代理人接收契约获得的期望收益(效用)大于或等于在其他市场机会下能获得的最大期望收益(效用),即保留收益(效用)的约束。是激励机制设计的操作层面的基本约束之一。又称个人理性约束。
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