Abstract：The paper puts forward the principalagent models with and without collusion based on the principalagent theory. It also analyzes incentive mechanism according to the model results. Finally, it discusses measures that should be taken in response to speculative behaviors of the managers based on the analysis of the model.
闫森，吴文清. 考虑经营者合谋的激励机制研究[J]. J4, 2013, 10(4): 524-.
YAN Sen，WU Wenqing. A Study on Incentive Mechanism of Managers Considering Collusion. J4, 2013, 10(4): 524-.
2013, Vol. 10 
