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- W2374512782 abstract "In this paper,focusing on the process of energy efficiency service outsourcing of existing building,the shared savings contract was analyzed based on the principal-agent theory.The game of interest between the Energy Services Company(ESCO) and the owner was analyzed to determine the contract parameters,which maximized the expected benefit of owner.The results indicated that with moral hazard,the owner ought to choose high-efficient ESCO as well as monitor the project properly to reduce uncertainty.Further analysis shown that with moral hazard and adverse selection,the high-efficient ESCO obtained information rents,the effort degree of low-efficient ESCO was distorted.Additionally,it was proved that the existing building owner could design a couple of contracts to achieve separation equilibrium.Based on a case study,it was concluded that the owner should adopt contract with function of informational discriminating and sign the contract with high-efficient ESCO on one hand,and choose project with low difficulty of supervision and invest supervision cost properly on the other hand." @default.
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- W2374512782 date "2012-01-01" @default.
- W2374512782 modified "2023-09-27" @default.
- W2374512782 title "Incentive Contract Design of Existing Building Energy Efficiency Service Outsourcing" @default.
- W2374512782 hasPublicationYear "2012" @default.
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