Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode

Yang Chun Sun; An Qi Xu

doi:doi:10.11648/j.edu.20190806.14

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Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode

Yang Chun Sun, An Qi Xu

Published in Education Journal (Volume 8, Issue 6)

Received: 27 August 2019 Accepted: 12 September 2019 Published: 27 September 2019

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Abstract

The education evaluation agencies will undertake education evaluation task and will form principal-agent relationships with the governments with the separation reform of supervision, running and evaluation in China. Because of bounded rationality and information asymmetry, it was already a big problem to avoid the moral hazard of an education evaluation agency in a principal-agent relationship involving only one principal and one agent. In reality, the principal-agent relationship is often more complicated. Of particular concern is that the situation of “one principal–multiple agents” in the evaluation of higher education has emerged. The coexistence of “multiple” education evaluation agencies, such as the official agencies, the semi-official agencies, the agencies affiliated with the university, and the third-party agencies, has taken shape. By using critical discourse analysis, this study attempts to argue that avoiding the moral hazard of higher education evaluation under the “multi-agent” mode becomes a research issue that must be squarely addressed. The paper concluded that in “multi-agent” mode, although the possibility of implied moral hazard in higher education evaluation increases, if the “relative performance” evaluation mechanism can be understood and effective measures can be taken, not only will it not lead to the consequences of moral hazard being more difficult to avoid, but it will greatly enhance the effectiveness of the avoidance of moral hazard. The conclusion has important reference significance on how to effectively use the “multi-agent” mode to avoid the moral hazard of higher education evaluation.

Published in	Education Journal (Volume 8, Issue 6)
DOI	10.11648/j.edu.20190806.14
Page(s)	259-265
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Moral Hazard, Multi-agent, Education Evaluation

References

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[18]	Holmstrom B, Chen LI. Moral Hazard in Teams [J]. Comparative Economic & Social Systems, 2017 (1): 31-45.

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APA Style

Yang Chun Sun, An Qi Xu. (2019). Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode. Education Journal, 8(6), 259-265. https://doi.org/10.11648/j.edu.20190806.14

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ACS Style

Yang Chun Sun; An Qi Xu. Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode. Educ. J. 2019, 8(6), 259-265. doi: 10.11648/j.edu.20190806.14

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AMA Style

Yang Chun Sun, An Qi Xu. Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode. Educ J. 2019;8(6):259-265. doi: 10.11648/j.edu.20190806.14

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@article{10.11648/j.edu.20190806.14,
  author = {Yang Chun Sun and An Qi Xu},
  title = {Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode},
  journal = {Education Journal},
  volume = {8},
  number = {6},
  pages = {259-265},
  doi = {10.11648/j.edu.20190806.14},
  url = {https://doi.org/10.11648/j.edu.20190806.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.edu.20190806.14},
  abstract = {The education evaluation agencies will undertake education evaluation task and will form principal-agent relationships with the governments with the separation reform of supervision, running and evaluation in China. Because of bounded rationality and information asymmetry, it was already a big problem to avoid the moral hazard of an education evaluation agency in a principal-agent relationship involving only one principal and one agent. In reality, the principal-agent relationship is often more complicated. Of particular concern is that the situation of “one principal–multiple agents” in the evaluation of higher education has emerged. The coexistence of “multiple” education evaluation agencies, such as the official agencies, the semi-official agencies, the agencies affiliated with the university, and the third-party agencies, has taken shape. By using critical discourse analysis, this study attempts to argue that avoiding the moral hazard of higher education evaluation under the “multi-agent” mode becomes a research issue that must be squarely addressed. The paper concluded that in “multi-agent” mode, although the possibility of implied moral hazard in higher education evaluation increases, if the “relative performance” evaluation mechanism can be understood and effective measures can be taken, not only will it not lead to the consequences of moral hazard being more difficult to avoid, but it will greatly enhance the effectiveness of the avoidance of moral hazard. The conclusion has important reference significance on how to effectively use the “multi-agent” mode to avoid the moral hazard of higher education evaluation.},
 year = {2019}
}

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TY  - JOUR
T1  - Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode
AU  - Yang Chun Sun
AU  - An Qi Xu
Y1  - 2019/09/27
PY  - 2019
N1  - https://doi.org/10.11648/j.edu.20190806.14
DO  - 10.11648/j.edu.20190806.14
T2  - Education Journal
JF  - Education Journal
JO  - Education Journal
SP  - 259
EP  - 265
PB  - Science Publishing Group
SN  - 2327-2619
UR  - https://doi.org/10.11648/j.edu.20190806.14
AB  - The education evaluation agencies will undertake education evaluation task and will form principal-agent relationships with the governments with the separation reform of supervision, running and evaluation in China. Because of bounded rationality and information asymmetry, it was already a big problem to avoid the moral hazard of an education evaluation agency in a principal-agent relationship involving only one principal and one agent. In reality, the principal-agent relationship is often more complicated. Of particular concern is that the situation of “one principal–multiple agents” in the evaluation of higher education has emerged. The coexistence of “multiple” education evaluation agencies, such as the official agencies, the semi-official agencies, the agencies affiliated with the university, and the third-party agencies, has taken shape. By using critical discourse analysis, this study attempts to argue that avoiding the moral hazard of higher education evaluation under the “multi-agent” mode becomes a research issue that must be squarely addressed. The paper concluded that in “multi-agent” mode, although the possibility of implied moral hazard in higher education evaluation increases, if the “relative performance” evaluation mechanism can be understood and effective measures can be taken, not only will it not lead to the consequences of moral hazard being more difficult to avoid, but it will greatly enhance the effectiveness of the avoidance of moral hazard. The conclusion has important reference significance on how to effectively use the “multi-agent” mode to avoid the moral hazard of higher education evaluation.
VL  - 8
IS  - 6
ER  -

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Author Information

Yang Chun Sun

Graduate School of Education, Dalian University of Technology, Dalian, China
An Qi Xu

Graduate School of Education, Dalian University of Technology, Dalian, China

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APA Style

Yang Chun Sun, An Qi Xu. (2019). Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode. Education Journal, 8(6), 259-265. https://doi.org/10.11648/j.edu.20190806.14

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ACS Style

Yang Chun Sun; An Qi Xu. Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode. Educ. J. 2019, 8(6), 259-265. doi: 10.11648/j.edu.20190806.14

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AMA Style

Yang Chun Sun, An Qi Xu. Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode. Educ J. 2019;8(6):259-265. doi: 10.11648/j.edu.20190806.14

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@article{10.11648/j.edu.20190806.14,
  author = {Yang Chun Sun and An Qi Xu},
  title = {Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode},
  journal = {Education Journal},
  volume = {8},
  number = {6},
  pages = {259-265},
  doi = {10.11648/j.edu.20190806.14},
  url = {https://doi.org/10.11648/j.edu.20190806.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.edu.20190806.14},
  abstract = {The education evaluation agencies will undertake education evaluation task and will form principal-agent relationships with the governments with the separation reform of supervision, running and evaluation in China. Because of bounded rationality and information asymmetry, it was already a big problem to avoid the moral hazard of an education evaluation agency in a principal-agent relationship involving only one principal and one agent. In reality, the principal-agent relationship is often more complicated. Of particular concern is that the situation of “one principal–multiple agents” in the evaluation of higher education has emerged. The coexistence of “multiple” education evaluation agencies, such as the official agencies, the semi-official agencies, the agencies affiliated with the university, and the third-party agencies, has taken shape. By using critical discourse analysis, this study attempts to argue that avoiding the moral hazard of higher education evaluation under the “multi-agent” mode becomes a research issue that must be squarely addressed. The paper concluded that in “multi-agent” mode, although the possibility of implied moral hazard in higher education evaluation increases, if the “relative performance” evaluation mechanism can be understood and effective measures can be taken, not only will it not lead to the consequences of moral hazard being more difficult to avoid, but it will greatly enhance the effectiveness of the avoidance of moral hazard. The conclusion has important reference significance on how to effectively use the “multi-agent” mode to avoid the moral hazard of higher education evaluation.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Research on the Avoidance of Moral Hazard in Higher Education Evaluation of China Under Multi-agent Mode
AU  - Yang Chun Sun
AU  - An Qi Xu
Y1  - 2019/09/27
PY  - 2019
N1  - https://doi.org/10.11648/j.edu.20190806.14
DO  - 10.11648/j.edu.20190806.14
T2  - Education Journal
JF  - Education Journal
JO  - Education Journal
SP  - 259
EP  - 265
PB  - Science Publishing Group
SN  - 2327-2619
UR  - https://doi.org/10.11648/j.edu.20190806.14
AB  - The education evaluation agencies will undertake education evaluation task and will form principal-agent relationships with the governments with the separation reform of supervision, running and evaluation in China. Because of bounded rationality and information asymmetry, it was already a big problem to avoid the moral hazard of an education evaluation agency in a principal-agent relationship involving only one principal and one agent. In reality, the principal-agent relationship is often more complicated. Of particular concern is that the situation of “one principal–multiple agents” in the evaluation of higher education has emerged. The coexistence of “multiple” education evaluation agencies, such as the official agencies, the semi-official agencies, the agencies affiliated with the university, and the third-party agencies, has taken shape. By using critical discourse analysis, this study attempts to argue that avoiding the moral hazard of higher education evaluation under the “multi-agent” mode becomes a research issue that must be squarely addressed. The paper concluded that in “multi-agent” mode, although the possibility of implied moral hazard in higher education evaluation increases, if the “relative performance” evaluation mechanism can be understood and effective measures can be taken, not only will it not lead to the consequences of moral hazard being more difficult to avoid, but it will greatly enhance the effectiveness of the avoidance of moral hazard. The conclusion has important reference significance on how to effectively use the “multi-agent” mode to avoid the moral hazard of higher education evaluation.
VL  - 8
IS  - 6
ER  -

Copy | Download