Open AccessCompensation incentive contract of the subject librarians based on the H-M model
Author(s) -
Chunping Wang,
Song Lili
Publication year - 2021
Publication title -
applied mathematics and nonlinear sciences
Language(s) - English
Resource type - Journals
ISSN - 2444-8656
DOI - 10.2478/amns.2021.2.00106
Subject(s) - incentive , compensation (psychology) , task (project management) , profit sharing , profit (economics) , subject (documents) , microeconomics , incentive program , computer science , business , economics , finance , psychology , social psychology , management , library science
Based on the H-M model, the compensation incentive model is constructed under the inter-task cost function. The best compensation incentive contract is constructed by solving the incentive model, and the incentive characteristics are analysed. The results show that the best incentive intensity decreases as the subject service selectivity increases. The higher incentive intensity of university managers for specific tasks, the lower efforts of subject librarians for another specific task. Moreover, when the tasks are substituted for each other, the profit-sharing ratios corresponding to different tasks are complementary. Finally, we establish the econometric empirical models to test these results.