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

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), 2019. Published by Science Publishing Group

Keywords

Moral Hazard, Multi-agent, Education Evaluation

References
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[3] Yang-Chun SUN. Moral Hazard Precaution in University Governance: A Perspective of Residual Rights [J]. Journal of Higher Education, 2018 (2): 22-26.
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[7] Ye-An ZHOU, Zi-Feng SONG. Social Preferences, Information Structure and Contract Selection——A Principal-agent Experiment with Multiple Agents [J]. Economic Research Journal, 2011 (11): 130-144.
[8] Hong-Bin CAI, Qing LIU. Delegation Structure and Incentives: The Case of Multiple Agents [J]. China Economic Quarterly, 2009 (1): 1-22.
[9] Shu-Lin LIU, Xin-Peng JIANG, Qian YU. Research on Board Effectiveness Based on Multi-agent Cooperation Model [J]. Journal of Zhongnan University of Economics and Law, 2015 (2): 150-156.
[10] Hou-Ping TIAN, Chang-Xian LIU, Ya-Jun GUO. Pay scheme designing with multiple agents in production distribution system and analysis on information value [J]. Journal of Management Sciences in China, 2008 (1): 42-48.
[11] Jiao-Jie HAN, Guo-Hua ZHOU, Yan-Lai LI. Research on Multi-Agent Evolutionary Behavior with Bounded Rationality in Project Team Cooperation [J]. Journal of Systems & Management, 2011 (1): 119-128.
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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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    AU  - Yang Chun Sun
    AU  - An Qi Xu
    Y1  - 2019/09/27
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    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
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    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
  • Graduate School of Education, Dalian University of Technology, Dalian, China

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

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