Study on the Incentive Contracts of Knowledge Chain Organizations’ Cooperative Innovation Under Mixed Asymmetric Information

According to incentive problem of cooperative innovation in knowledge chain which is composed of production enterprises and scientific research institutions, this paper puts forward the game model of the simultaneous presence of adverse selection and moral hazard problems based on the principal-agent theory and game theory. Further more, the effective contract incentive mechanism is established. Under this mechanism, scientific research institutions weigh the pros and cons, choose the contracts in consistent with it’s knowledge stock quality and pay the appropriate level of efforts, standardize and restrict the research institutes of the behavior, reduce agency problems in the cooperative innovation among organizations in knowledge chain.