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Search, Evaluate, and Read Evidence","\u002Fen\u002Facademic-writing\u002F02-reading-and-literature-matrix","en\u002Facademic-writing\u002F02-reading-and-literature-matrix",{"title":27,"path":28,"stem":29},"3. From Sources to Synthesis and Argument","\u002Fen\u002Facademic-writing\u002F03-arguments-outlines-and-paragraphs","en\u002Facademic-writing\u002F03-arguments-outlines-and-paragraphs",{"title":31,"path":32,"stem":33},"4. Literature Review and a Defensible Gap","\u002Fen\u002Facademic-writing\u002F04-writing-the-literature-review","en\u002Facademic-writing\u002F04-writing-the-literature-review",{"title":35,"path":36,"stem":37},"5. Research Design, Evidence, and Core Sections","\u002Fen\u002Facademic-writing\u002F05-core-sections-and-evidence","en\u002Facademic-writing\u002F05-core-sections-and-evidence",{"title":39,"path":40,"stem":41},"6. Citation, Paraphrasing, Integrity, and AI","\u002Fen\u002Facademic-writing\u002F06-citation-paraphrasing-and-integrity","en\u002Facademic-writing\u002F06-citation-paraphrasing-and-integrity",{"title":43,"path":44,"stem":45},"7. Revision, Review, and Submission","\u002Fen\u002Facademic-writing\u002F07-revision-style-and-submission","en\u002Facademic-writing\u002F07-revision-style-and-submission",{"title":47,"path":48,"stem":49},"8. Research Workbook","\u002Fen\u002Facademic-writing\u002F08-literature-review-checklist-and-template","en\u002Facademic-writing\u002F08-literature-review-checklist-and-template",{"title":51,"path":52,"stem":53},"9. Research Workflow and Tools","\u002Fen\u002Facademic-writing\u002F09-tools-for-academic-writing-and-literature-management","en\u002Facademic-writing\u002F09-tools-for-academic-writing-and-literature-management",{"title":55,"path":56,"stem":57},"10. Worked Project — From Question to Defensible Conclusion","\u002Fen\u002Facademic-writing\u002F10-worked-example-from-block-structure-to-question-chain","en\u002Facademic-writing\u002F10-worked-example-from-block-structure-to-question-chain",{"title":59,"path":60,"stem":61,"children":62,"page":249},"Accounting","\u002Fen\u002Faccounting","en\u002Faccounting",[63,69,87,93,193],{"title":64,"path":65,"stem":66,"children":67},"Accounting — From Evidence to Decisions","\u002Fen\u002Faccounting\u002F00-index","en\u002Faccounting\u002F00-index",[68],{"title":64,"path":65,"stem":66},{"title":70,"path":71,"stem":72,"children":73},"Accounting Appendix","\u002Fen\u002Faccounting\u002Fappendix","en\u002Faccounting\u002Fappendix\u002Findex",[74,75,79,83],{"title":70,"path":71,"stem":72},{"title":76,"path":77,"stem":78},"Worked Examples and Error Diagnosis","\u002Fen\u002Faccounting\u002Fappendix\u002F24-examples-pitfalls","en\u002Faccounting\u002Fappendix\u002F24-examples-pitfalls",{"title":80,"path":81,"stem":82},"Accounting Glossary","\u002Fen\u002Faccounting\u002Fappendix\u002F26-glossary","en\u002Faccounting\u002Fappendix\u002F26-glossary",{"title":84,"path":85,"stem":86},"Reading and Evidence Map","\u002Fen\u002Faccounting\u002Fappendix\u002F27-reading-map","en\u002Faccounting\u002Fappendix\u002F27-reading-map",{"title":88,"path":89,"stem":90,"children":91},"Northstar Record-to-Decision Capstone","\u002Fen\u002Faccounting\u002Fcapstone","en\u002Faccounting\u002Fcapstone\u002Findex",[92],{"title":88,"path":89,"stem":90},{"title":94,"path":95,"stem":96,"children":97},"Financial Accounting","\u002Fen\u002Faccounting\u002Ffinancial-accounting","en\u002Faccounting\u002Ffinancial-accounting\u002Findex",[98,99,117,131,165,179],{"title":94,"path":95,"stem":96},{"title":100,"path":101,"stem":102,"children":103},"1. Foundations","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations","en\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations\u002Findex",[104,105,109,113],{"title":100,"path":101,"stem":102},{"title":106,"path":107,"stem":108},"Objectives and Qualitative Characteristics","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations\u002F01-objectives-qualitative-characteristics","en\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations\u002F01-objectives-qualitative-characteristics",{"title":110,"path":111,"stem":112},"Equation and Elements","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations\u002F02-equation-elements","en\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations\u002F02-equation-elements",{"title":114,"path":115,"stem":116},"Accrual Basis, Estimates and Periods","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations\u002F03-accounting-bases-principles","en\u002Faccounting\u002Ffinancial-accounting\u002F01-foundations\u002F03-accounting-bases-principles",{"title":118,"path":119,"stem":120,"children":121},"2. Recording Transactions","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F02-recording-transactions","en\u002Faccounting\u002Ffinancial-accounting\u002F02-recording-transactions\u002Findex",[122,123,127],{"title":118,"path":119,"stem":120},{"title":124,"path":125,"stem":126},"Double-Entry and Debit\u002FCredit","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F02-recording-transactions\u002F04-double-entry-dr-cr","en\u002Faccounting\u002Ffinancial-accounting\u002F02-recording-transactions\u002F04-double-entry-dr-cr",{"title":128,"path":129,"stem":130},"Accounting Cycle","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F02-recording-transactions\u002F05-accounting-cycle","en\u002Faccounting\u002Ffinancial-accounting\u002F02-recording-transactions\u002F05-accounting-cycle",{"title":132,"path":133,"stem":134,"children":135},"3. Measurement and Adjustments","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002Findex",[136,137,141,145,149,153,157,161],{"title":132,"path":133,"stem":134},{"title":138,"path":139,"stem":140},"Revenue Recognition","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F07-revenue-recognition","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F07-revenue-recognition",{"title":142,"path":143,"stem":144},"Inventory","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F08-inventory","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F08-inventory",{"title":146,"path":147,"stem":148},"Receivables and Expected Credit Losses","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F09-receivables","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F09-receivables",{"title":150,"path":151,"stem":152},"Property, Plant and Equipment","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F10-ppe","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F10-ppe",{"title":154,"path":155,"stem":156},"Intangible Assets","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F11-intangibles","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F11-intangibles",{"title":158,"path":159,"stem":160},"Leases","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F12-leases","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F12-leases",{"title":162,"path":163,"stem":164},"Current and Deferred Income Tax","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F13-income-tax","en\u002Faccounting\u002Ffinancial-accounting\u002F03-measurement-adjustments\u002F13-income-tax",{"title":166,"path":167,"stem":168,"children":169},"4. Reporting and Cash","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F04-reporting-cash","en\u002Faccounting\u002Ffinancial-accounting\u002F04-reporting-cash\u002Findex",[170,171,175],{"title":166,"path":167,"stem":168},{"title":172,"path":173,"stem":174},"Linked Financial Statements","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F04-reporting-cash\u002F06-financial-statements","en\u002Faccounting\u002Ffinancial-accounting\u002F04-reporting-cash\u002F06-financial-statements",{"title":176,"path":177,"stem":178},"Cash, Reconciliation and Internal Control","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F04-reporting-cash\u002F14-cash-control","en\u002Faccounting\u002Ffinancial-accounting\u002F04-reporting-cash\u002F14-cash-control",{"title":180,"path":181,"stem":182,"children":183},"5. Analysis and Comparison","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F05-analysis-comparison","en\u002Faccounting\u002Ffinancial-accounting\u002F05-analysis-comparison\u002Findex",[184,185,189],{"title":180,"path":181,"stem":182},{"title":186,"path":187,"stem":188},"Ratio Analysis","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F05-analysis-comparison\u002F15-ratio-analysis","en\u002Faccounting\u002Ffinancial-accounting\u002F05-analysis-comparison\u002F15-ratio-analysis",{"title":190,"path":191,"stem":192},"IFRS versus US GAAP","\u002Fen\u002Faccounting\u002Ffinancial-accounting\u002F05-analysis-comparison\u002F25-ifrs-gaap","en\u002Faccounting\u002Ffinancial-accounting\u002F05-analysis-comparison\u002F25-ifrs-gaap",{"title":194,"path":195,"stem":196,"children":197},"Management Accounting","\u002Fen\u002Faccounting\u002Fmanagement-accounting","en\u002Faccounting\u002Fmanagement-accounting\u002Findex",[198,199,217,235],{"title":194,"path":195,"stem":196},{"title":200,"path":201,"stem":202,"children":203},"1. Cost Foundations","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations","en\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations\u002Findex",[204,205,209,213],{"title":200,"path":201,"stem":202},{"title":206,"path":207,"stem":208},"Cost Concepts and Behaviour","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations\u002F16-cost-concepts","en\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations\u002F16-cost-concepts",{"title":210,"path":211,"stem":212},"Costing Systems","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations\u002F17-costing-systems","en\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations\u002F17-costing-systems",{"title":214,"path":215,"stem":216},"Variable and Absorption Costing","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations\u002F19-variable-vs-absorption","en\u002Faccounting\u002Fmanagement-accounting\u002F01-cost-foundations\u002F19-variable-vs-absorption",{"title":218,"path":219,"stem":220,"children":221},"2. Planning and Control","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control","en\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control\u002Findex",[222,223,227,231],{"title":218,"path":219,"stem":220},{"title":224,"path":225,"stem":226},"Cost–Volume–Profit Analysis","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control\u002F18-cvp-analysis","en\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control\u002F18-cvp-analysis",{"title":228,"path":229,"stem":230},"Budgeting and Variance Analysis","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control\u002F20-budgeting-variances","en\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control\u002F20-budgeting-variances",{"title":232,"path":233,"stem":234},"Performance Measurement","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control\u002F21-performance-measurement","en\u002Faccounting\u002Fmanagement-accounting\u002F02-planning-control\u002F21-performance-measurement",{"title":236,"path":237,"stem":238,"children":239},"3. Decisions and Investment","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F03-decisions-investment","en\u002Faccounting\u002Fmanagement-accounting\u002F03-decisions-investment\u002Findex",[240,241,245],{"title":236,"path":237,"stem":238},{"title":242,"path":243,"stem":244},"Short-Term Decisions","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F03-decisions-investment\u002F22-short-term-decisions","en\u002Faccounting\u002Fmanagement-accounting\u002F03-decisions-investment\u002F22-short-term-decisions",{"title":246,"path":247,"stem":248},"Capital Budgeting","\u002Fen\u002Faccounting\u002Fmanagement-accounting\u002F03-decisions-investment\u002F23-capital-budgeting","en\u002Faccounting\u002Fmanagement-accounting\u002F03-decisions-investment\u002F23-capital-budgeting",false,{"title":251,"path":252,"stem":253,"children":254,"page":249},"Business Analytics","\u002Fen\u002Fbusiness-analytics","en\u002Fbusiness-analytics",[255,261,279,305,335,365,383,400],{"title":256,"path":257,"stem":258,"children":259},"Business Analytics — From Data to Defensible Action","\u002Fen\u002Fbusiness-analytics\u002F00-index","en\u002Fbusiness-analytics\u002F00-index",[260],{"title":256,"path":257,"stem":258},{"title":262,"path":263,"stem":264,"children":265},"0. Decision and Data Foundations","\u002Fen\u002Fbusiness-analytics\u002F00-intro","en\u002Fbusiness-analytics\u002F00-intro\u002Findex",[266,267,271,275],{"title":262,"path":263,"stem":264},{"title":268,"path":269,"stem":270},"Decision Framing","\u002Fen\u002Fbusiness-analytics\u002F00-intro\u002F01-decision-framing","en\u002Fbusiness-analytics\u002F00-intro\u002F01-decision-framing",{"title":272,"path":273,"stem":274},"Data Contracts","\u002Fen\u002Fbusiness-analytics\u002F00-intro\u002F02-data-contracts","en\u002Fbusiness-analytics\u002F00-intro\u002F02-data-contracts",{"title":276,"path":277,"stem":278},"Reproducible Analytics Workflow","\u002Fen\u002Fbusiness-analytics\u002F00-intro\u002F03-reproducible-workflow","en\u002Fbusiness-analytics\u002F00-intro\u002F03-reproducible-workflow",{"title":280,"path":281,"stem":282,"children":283},"1. Descriptive Analytics","\u002Fen\u002Fbusiness-analytics\u002F01-descriptive","en\u002Fbusiness-analytics\u002F01-descriptive\u002Findex",[284,285,289,293,297,301],{"title":280,"path":281,"stem":282},{"title":286,"path":287,"stem":288},"Distributions and Exploratory Data Analysis","\u002Fen\u002Fbusiness-analytics\u002F01-descriptive\u002F04-distributions-eda","en\u002Fbusiness-analytics\u002F01-descriptive\u002F04-distributions-eda",{"title":290,"path":291,"stem":292},"KPIs and Denominators","\u002Fen\u002Fbusiness-analytics\u002F01-descriptive\u002F05-kpis-denominators","en\u002Fbusiness-analytics\u002F01-descriptive\u002F05-kpis-denominators",{"title":294,"path":295,"stem":296},"Segments, Cohorts and Funnels","\u002Fen\u002Fbusiness-analytics\u002F01-descriptive\u002F06-segmentation-cohorts-funnels","en\u002Fbusiness-analytics\u002F01-descriptive\u002F06-segmentation-cohorts-funnels",{"title":298,"path":299,"stem":300},"Visual Evidence and Data Stories","\u002Fen\u002Fbusiness-analytics\u002F01-descriptive\u002F07-visualisation-story","en\u002Fbusiness-analytics\u002F01-descriptive\u002F07-visualisation-story",{"title":302,"path":303,"stem":304},"Experiments and Causal Boundaries","\u002Fen\u002Fbusiness-analytics\u002F01-descriptive\u002F08-experiments-causal-boundary","en\u002Fbusiness-analytics\u002F01-descriptive\u002F08-experiments-causal-boundary",{"title":306,"path":307,"stem":308,"children":309},"2. Predictive Analytics","\u002Fen\u002Fbusiness-analytics\u002F02-predictive","en\u002Fbusiness-analytics\u002F02-predictive\u002Findex",[310,311,315,319,323,327,331],{"title":306,"path":307,"stem":308},{"title":312,"path":313,"stem":314},"Validation, Baselines and Leakage","\u002Fen\u002Fbusiness-analytics\u002F02-predictive\u002F09-validation-leakage","en\u002Fbusiness-analytics\u002F02-predictive\u002F09-validation-leakage",{"title":316,"path":317,"stem":318},"Regression and Forecasting","\u002Fen\u002Fbusiness-analytics\u002F02-predictive\u002F10-regression-forecasting","en\u002Fbusiness-analytics\u002F02-predictive\u002F10-regression-forecasting",{"title":320,"path":321,"stem":322},"Classification and Calibration","\u002Fen\u002Fbusiness-analytics\u002F02-predictive\u002F11-classification-calibration","en\u002Fbusiness-analytics\u002F02-predictive\u002F11-classification-calibration",{"title":324,"path":325,"stem":326},"Trees and Ensembles","\u002Fen\u002Fbusiness-analytics\u002F02-predictive\u002F12-trees-ensembles","en\u002Fbusiness-analytics\u002F02-predictive\u002F12-trees-ensembles",{"title":328,"path":329,"stem":330},"Decision Metrics and Thresholds","\u002Fen\u002Fbusiness-analytics\u002F02-predictive\u002F13-decision-metrics-thresholds","en\u002Fbusiness-analytics\u002F02-predictive\u002F13-decision-metrics-thresholds",{"title":332,"path":333,"stem":334},"Explainability, Monitoring and Drift","\u002Fen\u002Fbusiness-analytics\u002F02-predictive\u002F14-explainability-drift","en\u002Fbusiness-analytics\u002F02-predictive\u002F14-explainability-drift",{"title":336,"path":337,"stem":338,"children":339},"3. Prescriptive Analytics","\u002Fen\u002Fbusiness-analytics\u002F03-prescriptive","en\u002Fbusiness-analytics\u002F03-prescriptive\u002Findex",[340,341,345,349,353,357,361],{"title":336,"path":337,"stem":338},{"title":342,"path":343,"stem":344},"Decision-Making under Uncertainty","\u002Fen\u002Fbusiness-analytics\u002F03-prescriptive\u002F15-decision-uncertainty","en\u002Fbusiness-analytics\u002F03-prescriptive\u002F15-decision-uncertainty",{"title":346,"path":347,"stem":348},"Linear Optimisation","\u002Fen\u002Fbusiness-analytics\u002F03-prescriptive\u002F16-linear-optimization","en\u002Fbusiness-analytics\u002F03-prescriptive\u002F16-linear-optimization",{"title":350,"path":351,"stem":352},"Inventory and Allocation","\u002Fen\u002Fbusiness-analytics\u002F03-prescriptive\u002F17-inventory-allocation","en\u002Fbusiness-analytics\u002F03-prescriptive\u002F17-inventory-allocation",{"title":354,"path":355,"stem":356},"Queueing and Simulation","\u002Fen\u002Fbusiness-analytics\u002F03-prescriptive\u002F18-queueing-simulation","en\u002Fbusiness-analytics\u002F03-prescriptive\u002F18-queueing-simulation",{"title":358,"path":359,"stem":360},"Pricing and Revenue Management","\u002Fen\u002Fbusiness-analytics\u002F03-prescriptive\u002F19-pricing-experimentation","en\u002Fbusiness-analytics\u002F03-prescriptive\u002F19-pricing-experimentation",{"title":362,"path":363,"stem":364},"Causal Targeting and Policy Learning","\u002Fen\u002Fbusiness-analytics\u002F03-prescriptive\u002F20-causal-targeting","en\u002Fbusiness-analytics\u002F03-prescriptive\u002F20-causal-targeting",{"title":366,"path":367,"stem":368,"children":369},"4. Deployment and Governance","\u002Fen\u002Fbusiness-analytics\u002F04-deployment","en\u002Fbusiness-analytics\u002F04-deployment\u002Findex",[370,371,375,379],{"title":366,"path":367,"stem":368},{"title":372,"path":373,"stem":374},"Data Products and Monitoring","\u002Fen\u002Fbusiness-analytics\u002F04-deployment\u002F21-data-products-monitoring","en\u002Fbusiness-analytics\u002F04-deployment\u002F21-data-products-monitoring",{"title":376,"path":377,"stem":378},"Governance, Fairness and Privacy","\u002Fen\u002Fbusiness-analytics\u002F04-deployment\u002F22-governance-fairness-privacy","en\u002Fbusiness-analytics\u002F04-deployment\u002F22-governance-fairness-privacy",{"title":380,"path":381,"stem":382},"Adoption and Business Value","\u002Fen\u002Fbusiness-analytics\u002F04-deployment\u002F23-adoption-value","en\u002Fbusiness-analytics\u002F04-deployment\u002F23-adoption-value",{"title":384,"path":385,"stem":386,"children":387},"Appendix and Revision Tools","\u002Fen\u002Fbusiness-analytics\u002Fappendix","en\u002Fbusiness-analytics\u002Fappendix\u002Findex",[388,389,393,397],{"title":384,"path":385,"stem":386},{"title":390,"path":391,"stem":392},"Formula and Decision Map","\u002Fen\u002Fbusiness-analytics\u002Fappendix\u002F24-formula-map","en\u002Fbusiness-analytics\u002Fappendix\u002F24-formula-map",{"title":394,"path":395,"stem":396},"Worked Examples and Pitfalls","\u002Fen\u002Fbusiness-analytics\u002Fappendix\u002F25-worked-examples-pitfalls","en\u002Fbusiness-analytics\u002Fappendix\u002F25-worked-examples-pitfalls",{"title":84,"path":398,"stem":399},"\u002Fen\u002Fbusiness-analytics\u002Fappendix\u002F26-reading-map","en\u002Fbusiness-analytics\u002Fappendix\u002F26-reading-map",{"title":401,"path":402,"stem":403,"children":404},"Capstone — The Evening Delivery Promise","\u002Fen\u002Fbusiness-analytics\u002Fcapstone","en\u002Fbusiness-analytics\u002Fcapstone\u002Findex",[405],{"title":401,"path":402,"stem":403},{"title":407,"path":408,"stem":409,"children":410,"page":249},"Financial Economic Time Series","\u002Fen\u002Ffinancial-economic-time-series","en\u002Ffinancial-economic-time-series",[411,417,423,429,435,441,447,453,459,465,471],{"title":412,"path":413,"stem":414,"children":415},"Financial and Economic Time Series — Course Guide","\u002Fen\u002Ffinancial-economic-time-series\u002F00-intro","en\u002Ffinancial-economic-time-series\u002F00-intro\u002Findex",[416],{"title":412,"path":413,"stem":414},{"title":418,"path":419,"stem":420,"children":421},"Three Versions of Time Series","\u002Fen\u002Ffinancial-economic-time-series\u002F01-bridge","en\u002Ffinancial-economic-time-series\u002F01-bridge\u002Findex",[422],{"title":418,"path":419,"stem":420},{"title":424,"path":425,"stem":426,"children":427},"Data, Clocks, and Transformations","\u002Fen\u002Ffinancial-economic-time-series\u002F02-data-transformations","en\u002Ffinancial-economic-time-series\u002F02-data-transformations\u002Findex",[428],{"title":424,"path":425,"stem":426},{"title":430,"path":431,"stem":432,"children":433},"Predictive Regressions and Persistent Predictors","\u002Fen\u002Ffinancial-economic-time-series\u002F03-predictive-regressions","en\u002Ffinancial-economic-time-series\u002F03-predictive-regressions\u002Findex",[434],{"title":430,"path":431,"stem":432},{"title":436,"path":437,"stem":438,"children":439},"Volatility, Tails, and Financial Risk","\u002Fen\u002Ffinancial-economic-time-series\u002F04-volatility-risk","en\u002Ffinancial-economic-time-series\u002F04-volatility-risk\u002Findex",[440],{"title":436,"path":437,"stem":438},{"title":442,"path":443,"stem":444,"children":445},"Unit Roots, Cointegration, and Error Correction","\u002Fen\u002Ffinancial-economic-time-series\u002F05-unit-roots-cointegration","en\u002Ffinancial-economic-time-series\u002F05-unit-roots-cointegration\u002Findex",[446],{"title":442,"path":443,"stem":444},{"title":448,"path":449,"stem":450,"children":451},"VAR, Structural Identification, and Local Projections","\u002Fen\u002Ffinancial-economic-time-series\u002F06-var-identification","en\u002Ffinancial-economic-time-series\u002F06-var-identification\u002Findex",[452],{"title":448,"path":449,"stem":450},{"title":454,"path":455,"stem":456,"children":457},"State Space, Mixed Frequency, and Nowcasting","\u002Fen\u002Ffinancial-economic-time-series\u002F07-state-space-nowcasting","en\u002Ffinancial-economic-time-series\u002F07-state-space-nowcasting\u002Findex",[458],{"title":454,"path":455,"stem":456},{"title":460,"path":461,"stem":462,"children":463},"Forecast Evaluation for Decisions","\u002Fen\u002Ffinancial-economic-time-series\u002F08-forecast-evaluation","en\u002Ffinancial-economic-time-series\u002F08-forecast-evaluation\u002Findex",[464],{"title":460,"path":461,"stem":462},{"title":466,"path":467,"stem":468,"children":469},"Integrated R Laboratory","\u002Fen\u002Ffinancial-economic-time-series\u002F09-r-laboratory","en\u002Ffinancial-economic-time-series\u002F09-r-laboratory\u002Findex",[470],{"title":466,"path":467,"stem":468},{"title":472,"path":473,"stem":474,"children":475},"Capstones, Data, and Reading Ladder","\u002Fen\u002Ffinancial-economic-time-series\u002F10-capstone-readings","en\u002Ffinancial-economic-time-series\u002F10-capstone-readings\u002Findex",[476],{"title":472,"path":473,"stem":474},{"title":478,"path":479,"stem":480,"children":481,"page":249},"Intro To Economics","\u002Fen\u002Fintro-to-economics","en\u002Fintro-to-economics",[482,486,490,494,498,502,506,510,514,518,522,526,530],{"title":483,"path":484,"stem":485},"Introduction to Economics — Decisions, Markets, and the Macroeconomy","\u002Fen\u002Fintro-to-economics\u002F00-intro","en\u002Fintro-to-economics\u002F00-intro",{"title":487,"path":488,"stem":489},"Chapter 1 — Choice, Opportunity Cost, and Trade","\u002Fen\u002Fintro-to-economics\u002F01-foundations","en\u002Fintro-to-economics\u002F01-foundations",{"title":491,"path":492,"stem":493},"Chapter 2 — Demand, Supply, Equilibrium, and Welfare","\u002Fen\u002Fintro-to-economics\u002F02-demand-and-supply","en\u002Fintro-to-economics\u002F02-demand-and-supply",{"title":495,"path":496,"stem":497},"Chapter 3 — Elasticity, Revenue, and Tax Incidence","\u002Fen\u002Fintro-to-economics\u002F03-elasticity","en\u002Fintro-to-economics\u002F03-elasticity",{"title":499,"path":500,"stem":501},"Chapter 4 — Firms, Market Power, and Market Failure","\u002Fen\u002Fintro-to-economics\u002F04-market-structures","en\u002Fintro-to-economics\u002F04-market-structures",{"title":503,"path":504,"stem":505},"Chapter 5 — GDP, Income, Wealth, and Welfare","\u002Fen\u002Fintro-to-economics\u002F05-gdp-and-wealth","en\u002Fintro-to-economics\u002F05-gdp-and-wealth",{"title":507,"path":508,"stem":509},"Chapter 6 — Inflation, Purchasing Power, and Labour Markets","\u002Fen\u002Fintro-to-economics\u002F06-inflation-and-unemployment","en\u002Fintro-to-economics\u002F06-inflation-and-unemployment",{"title":511,"path":512,"stem":513},"Chapter 7 — Productivity, Technology, and Economic Growth","\u002Fen\u002Fintro-to-economics\u002F07-economic-growth","en\u002Fintro-to-economics\u002F07-economic-growth",{"title":515,"path":516,"stem":517},"Chapter 8 — Money, Credit, and Banking","\u002Fen\u002Fintro-to-economics\u002F08-money-and-banking","en\u002Fintro-to-economics\u002F08-money-and-banking",{"title":519,"path":520,"stem":521},"Chapter 9 — Business Cycles, AD–AS, and Monetary Policy","\u002Fen\u002Fintro-to-economics\u002F09-monetary-policy-and-ad-as","en\u002Fintro-to-economics\u002F09-monetary-policy-and-ad-as",{"title":523,"path":524,"stem":525},"Chapter 10 — Fiscal Policy, Distribution, and Public Debt","\u002Fen\u002Fintro-to-economics\u002F10-fiscal-policy","en\u002Fintro-to-economics\u002F10-fiscal-policy",{"title":527,"path":528,"stem":529},"Chapter 11 — Trade, Capital Flows, and Exchange Rates","\u002Fen\u002Fintro-to-economics\u002F11-open-economy-and-exchange-rates","en\u002Fintro-to-economics\u002F11-open-economy-and-exchange-rates",{"title":531,"path":532,"stem":533},"Chapter 12 — Integrated Economic Analysis Studio","\u002Fen\u002Fintro-to-economics\u002F12-review-and-case-studies","en\u002Fintro-to-economics\u002F12-review-and-case-studies",{"title":535,"path":536,"stem":537,"children":538,"page":249},"Microeconometrics","\u002Fen\u002Fmicroeconometrics","en\u002Fmicroeconometrics",[539,557,563,581,603,629,651,673,691,709],{"title":540,"path":541,"stem":542,"children":543},"0. Causal Questions and Designs","\u002Fen\u002Fmicroeconometrics\u002F00-foundations","en\u002Fmicroeconometrics\u002F00-foundations\u002Findex",[544,545,549,553],{"title":540,"path":541,"stem":542},{"title":546,"path":547,"stem":548},"Causal Questions and Estimands","\u002Fen\u002Fmicroeconometrics\u002F00-foundations\u002F01-causal-question-estimands","en\u002Fmicroeconometrics\u002F00-foundations\u002F01-causal-question-estimands",{"title":550,"path":551,"stem":552},"Potential Outcomes and Experiments","\u002Fen\u002Fmicroeconometrics\u002F00-foundations\u002F02-potential-outcomes-experiments","en\u002Fmicroeconometrics\u002F00-foundations\u002F02-potential-outcomes-experiments",{"title":554,"path":555,"stem":556},"Causal Diagrams and Controls","\u002Fen\u002Fmicroeconometrics\u002F00-foundations\u002F03-dags-controls","en\u002Fmicroeconometrics\u002F00-foundations\u002F03-dags-controls",{"title":558,"path":559,"stem":560,"children":561},"Microeconometrics — Designing Credible Counterfactuals","\u002Fen\u002Fmicroeconometrics\u002F00-index","en\u002Fmicroeconometrics\u002F00-index",[562],{"title":558,"path":559,"stem":560},{"title":564,"path":565,"stem":566,"children":567},"1. Regression and Inference","\u002Fen\u002Fmicroeconometrics\u002F01-regression","en\u002Fmicroeconometrics\u002F01-regression\u002Findex",[568,569,573,577],{"title":564,"path":565,"stem":566},{"title":570,"path":571,"stem":572},"OLS as a Projection","\u002Fen\u002Fmicroeconometrics\u002F01-regression\u002F04-ols-projection","en\u002Fmicroeconometrics\u002F01-regression\u002F04-ols-projection",{"title":574,"path":575,"stem":576},"FWL, Selection and Controls","\u002Fen\u002Fmicroeconometrics\u002F01-regression\u002F05-fwl-selection-controls","en\u002Fmicroeconometrics\u002F01-regression\u002F05-fwl-selection-controls",{"title":578,"path":579,"stem":580},"Inference and Clustering","\u002Fen\u002Fmicroeconometrics\u002F01-regression\u002F06-inference-clustering","en\u002Fmicroeconometrics\u002F01-regression\u002F06-inference-clustering",{"title":582,"path":583,"stem":584,"children":585},"2. Instruments and Panel Data","\u002Fen\u002Fmicroeconometrics\u002F02-iv-panel","en\u002Fmicroeconometrics\u002F02-iv-panel\u002Findex",[586,587,591,595,599],{"title":582,"path":583,"stem":584},{"title":588,"path":589,"stem":590},"Instrumental Variables","\u002Fen\u002Fmicroeconometrics\u002F02-iv-panel\u002F07-iv-identification","en\u002Fmicroeconometrics\u002F02-iv-panel\u002F07-iv-identification",{"title":592,"path":593,"stem":594},"Weak Instruments and LATE","\u002Fen\u002Fmicroeconometrics\u002F02-iv-panel\u002F08-weak-iv-late","en\u002Fmicroeconometrics\u002F02-iv-panel\u002F08-weak-iv-late",{"title":596,"path":597,"stem":598},"Panel Fixed Effects","\u002Fen\u002Fmicroeconometrics\u002F02-iv-panel\u002F09-panel-fixed-effects","en\u002Fmicroeconometrics\u002F02-iv-panel\u002F09-panel-fixed-effects",{"title":600,"path":601,"stem":602},"Dynamic Panels and Limits","\u002Fen\u002Fmicroeconometrics\u002F02-iv-panel\u002F10-dynamic-panel","en\u002Fmicroeconometrics\u002F02-iv-panel\u002F10-dynamic-panel",{"title":604,"path":605,"stem":606,"children":607},"3. Policy Evaluation Designs","\u002Fen\u002Fmicroeconometrics\u002F03-policy-designs","en\u002Fmicroeconometrics\u002F03-policy-designs\u002Findex",[608,609,613,617,621,625],{"title":604,"path":605,"stem":606},{"title":610,"path":611,"stem":612},"Difference-in-Differences","\u002Fen\u002Fmicroeconometrics\u002F03-policy-designs\u002F11-did-core","en\u002Fmicroeconometrics\u002F03-policy-designs\u002F11-did-core",{"title":614,"path":615,"stem":616},"Staggered DID and Event Studies","\u002Fen\u002Fmicroeconometrics\u002F03-policy-designs\u002F12-staggered-event-studies","en\u002Fmicroeconometrics\u002F03-policy-designs\u002F12-staggered-event-studies",{"title":618,"path":619,"stem":620},"Regression Discontinuity","\u002Fen\u002Fmicroeconometrics\u002F03-policy-designs\u002F13-rdd","en\u002Fmicroeconometrics\u002F03-policy-designs\u002F13-rdd",{"title":622,"path":623,"stem":624},"Matching, Weighting and Overlap","\u002Fen\u002Fmicroeconometrics\u002F03-policy-designs\u002F14-matching-weighting","en\u002Fmicroeconometrics\u002F03-policy-designs\u002F14-matching-weighting",{"title":626,"path":627,"stem":628},"Synthetic Control","\u002Fen\u002Fmicroeconometrics\u002F03-policy-designs\u002F15-synthetic-control","en\u002Fmicroeconometrics\u002F03-policy-designs\u002F15-synthetic-control",{"title":630,"path":631,"stem":632,"children":633},"Module 4 — Choice and Limited Outcomes","\u002Fen\u002Fmicroeconometrics\u002F04-outcomes-choice","en\u002Fmicroeconometrics\u002F04-outcomes-choice\u002Findex",[634,635,639,643,647],{"title":630,"path":631,"stem":632},{"title":636,"path":637,"stem":638},"Binary Choice","\u002Fen\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F16-binary-choice","en\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F16-binary-choice",{"title":640,"path":641,"stem":642},"Multinomial and Ordered Choice","\u002Fen\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F17-multinomial-choice","en\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F17-multinomial-choice",{"title":644,"path":645,"stem":646},"Count Outcomes","\u002Fen\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F18-count-outcomes","en\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F18-count-outcomes",{"title":648,"path":649,"stem":650},"Censoring, Truncation and Selection","\u002Fen\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F19-censoring-selection","en\u002Fmicroeconometrics\u002F04-outcomes-choice\u002F19-censoring-selection",{"title":652,"path":653,"stem":654,"children":655},"Module 5 — Modern Causal Analysis","\u002Fen\u002Fmicroeconometrics\u002F05-modern-causal","en\u002Fmicroeconometrics\u002F05-modern-causal\u002Findex",[656,657,661,665,669],{"title":652,"path":653,"stem":654},{"title":658,"path":659,"stem":660},"Double Machine Learning","\u002Fen\u002Fmicroeconometrics\u002F05-modern-causal\u002F20-dml","en\u002Fmicroeconometrics\u002F05-modern-causal\u002F20-dml",{"title":662,"path":663,"stem":664},"Heterogeneity and Policy Learning","\u002Fen\u002Fmicroeconometrics\u002F05-modern-causal\u002F21-heterogeneity-policy","en\u002Fmicroeconometrics\u002F05-modern-causal\u002F21-heterogeneity-policy",{"title":666,"path":667,"stem":668},"Sensitivity and Partial Identification","\u002Fen\u002Fmicroeconometrics\u002F05-modern-causal\u002F22-sensitivity-partial-id","en\u002Fmicroeconometrics\u002F05-modern-causal\u002F22-sensitivity-partial-id",{"title":670,"path":671,"stem":672},"External Validity and Transport","\u002Fen\u002Fmicroeconometrics\u002F05-modern-causal\u002F23-external-validity","en\u002Fmicroeconometrics\u002F05-modern-causal\u002F23-external-validity",{"title":674,"path":675,"stem":676,"children":677},"Module 6 — From Data to Auditable Evidence","\u002Fen\u002Fmicroeconometrics\u002F06-workflow","en\u002Fmicroeconometrics\u002F06-workflow\u002Findex",[678,679,683,687],{"title":674,"path":675,"stem":676},{"title":680,"path":681,"stem":682},"Data Provenance","\u002Fen\u002Fmicroeconometrics\u002F06-workflow\u002F24-data-provenance","en\u002Fmicroeconometrics\u002F06-workflow\u002F24-data-provenance",{"title":684,"path":685,"stem":686},"Reproducibility and Reporting","\u002Fen\u002Fmicroeconometrics\u002F06-workflow\u002F25-reproducibility-reporting","en\u002Fmicroeconometrics\u002F06-workflow\u002F25-reproducibility-reporting",{"title":688,"path":689,"stem":690},"Paper and Evidence Audit","\u002Fen\u002Fmicroeconometrics\u002F06-workflow\u002F26-paper-audit","en\u002Fmicroeconometrics\u002F06-workflow\u002F26-paper-audit",{"title":692,"path":693,"stem":694,"children":695},"Appendix — Revision and Evidence Map","\u002Fen\u002Fmicroeconometrics\u002Fappendix","en\u002Fmicroeconometrics\u002Fappendix\u002Findex",[696,697,701,705],{"title":692,"path":693,"stem":694},{"title":698,"path":699,"stem":700},"Formula and Design Map","\u002Fen\u002Fmicroeconometrics\u002Fappendix\u002F27-formula-design-map","en\u002Fmicroeconometrics\u002Fappendix\u002F27-formula-design-map",{"title":702,"path":703,"stem":704},"Ten Worked Microeconometric Pitfalls","\u002Fen\u002Fmicroeconometrics\u002Fappendix\u002F28-worked-pitfalls","en\u002Fmicroeconometrics\u002Fappendix\u002F28-worked-pitfalls",{"title":706,"path":707,"stem":708},"Reading and Software Map","\u002Fen\u002Fmicroeconometrics\u002Fappendix\u002F29-reading-software-map","en\u002Fmicroeconometrics\u002Fappendix\u002F29-reading-software-map",{"title":710,"path":711,"stem":712,"children":713},"Capstone — Should Northbridge Expand Pathways?","\u002Fen\u002Fmicroeconometrics\u002Fcapstone","en\u002Fmicroeconometrics\u002Fcapstone\u002Findex",[714],{"title":710,"path":711,"stem":712},{"title":716,"path":717,"stem":718,"children":719,"page":249},"Microeconomics","\u002Fen\u002Fmicroeconomics","en\u002Fmicroeconomics",[720,726,732,738,744,750,756,762,768,774,780,786,792],{"title":721,"path":722,"stem":723,"children":724},"Advanced Microeconomics — Course Guide","\u002Fen\u002Fmicroeconomics\u002F00-intro","en\u002Fmicroeconomics\u002F00-intro\u002Findex",[725],{"title":721,"path":722,"stem":723},{"title":727,"path":728,"stem":729,"children":730},"Module 1 — Choice, Duality, and Revealed Preference","\u002Fen\u002Fmicroeconomics\u002F01-fundations","en\u002Fmicroeconomics\u002F01-fundations\u002Findex",[731],{"title":727,"path":728,"stem":729},{"title":733,"path":734,"stem":735,"children":736},"Module 2 — Comparative Statics and Welfare Measurement","\u002Fen\u002Fmicroeconomics\u002F02-comparative-statics","en\u002Fmicroeconomics\u002F02-comparative-statics\u002Findex",[737],{"title":733,"path":734,"stem":735},{"title":739,"path":740,"stem":741,"children":742},"Module 3 — Choice under Risk and Insurance","\u002Fen\u002Fmicroeconomics\u002F03-uncertainty","en\u002Fmicroeconomics\u002F03-uncertainty\u002Findex",[743],{"title":739,"path":740,"stem":741},{"title":745,"path":746,"stem":747,"children":748},"Module 4 — General Equilibrium and Welfare","\u002Fen\u002Fmicroeconomics\u002F04-general-equilibrium","en\u002Fmicroeconomics\u002F04-general-equilibrium\u002Findex",[749],{"title":745,"path":746,"stem":747},{"title":751,"path":752,"stem":753,"children":754},"Module 5 — Static, Dynamic, and Repeated Games","\u002Fen\u002Fmicroeconomics\u002F05-game-theory","en\u002Fmicroeconomics\u002F05-game-theory\u002Findex",[755],{"title":751,"path":752,"stem":753},{"title":757,"path":758,"stem":759,"children":760},"Module 6 — Oligopoly, Entry, and Algorithmic Pricing","\u002Fen\u002Fmicroeconomics\u002F06-oligopoly","en\u002Fmicroeconomics\u002F06-oligopoly\u002Findex",[761],{"title":757,"path":758,"stem":759},{"title":763,"path":764,"stem":765,"children":766},"Module 7 — Information Economics and Contracts","\u002Fen\u002Fmicroeconomics\u002F07-information-economics","en\u002Fmicroeconomics\u002F07-information-economics\u002Findex",[767],{"title":763,"path":764,"stem":765},{"title":769,"path":770,"stem":771,"children":772},"Module 8 — Mechanism Design and Auctions","\u002Fen\u002Fmicroeconomics\u002F08-mechanism-design","en\u002Fmicroeconomics\u002F08-mechanism-design\u002Findex",[773],{"title":769,"path":770,"stem":771},{"title":775,"path":776,"stem":777,"children":778},"Module 9 — Behavioural and Experimental Microeconomics","\u002Fen\u002Fmicroeconomics\u002F09-behavioural-economics","en\u002Fmicroeconomics\u002F09-behavioural-economics\u002Findex",[779],{"title":775,"path":776,"stem":777},{"title":781,"path":782,"stem":783,"children":784},"Module 10 — Externalities, Public Goods, and Collective Action","\u002Fen\u002Fmicroeconomics\u002F10-externalities-public-goods","en\u002Fmicroeconomics\u002F10-externalities-public-goods\u002Findex",[785],{"title":781,"path":782,"stem":783},{"title":787,"path":788,"stem":789,"children":790},"Module 11 — Matching and Market Design","\u002Fen\u002Fmicroeconomics\u002F11-market-design","en\u002Fmicroeconomics\u002F11-market-design\u002Findex",[791],{"title":787,"path":788,"stem":789},{"title":793,"path":794,"stem":795,"children":796},"Module 12 — Integrated Microeconomic Design Studio","\u002Fen\u002Fmicroeconomics\u002F12-review","en\u002Fmicroeconomics\u002F12-review\u002Findex",[797],{"title":793,"path":794,"stem":795},{"title":799,"path":800,"stem":801,"children":802},"Playground","\u002Fen\u002Fplayground","en\u002Fplayground\u002Findex",[803,804,808,812,816,820],{"title":799,"path":800,"stem":801},{"title":805,"path":806,"stem":807},"Typst Plugin Playground","\u002Fen\u002Fplayground\u002F01-typstex","en\u002Fplayground\u002F01-typstex",{"title":809,"path":810,"stem":811},"Citation Plugin Test","\u002Fen\u002Fplayground\u002F02-citation","en\u002Fplayground\u002F02-citation",{"title":813,"path":814,"stem":815},"Pyodide Playground","\u002Fen\u002Fplayground\u002F03-pyodide","en\u002Fplayground\u002F03-pyodide",{"title":817,"path":818,"stem":819},"WebR Playground","\u002Fen\u002Fplayground\u002F04-webr","en\u002Fplayground\u002F04-webr",{"title":821,"path":822,"stem":823},"Chart.js 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文献综述的构建与写作","\u002Fzh\u002Facademic-writing\u002F04-writing-the-literature-review","zh\u002Facademic-writing\u002F04-writing-the-literature-review",{"title":1056,"path":1057,"stem":1058},"8. 文献综述清单与模板","\u002Fzh\u002Facademic-writing\u002F08-literature-review-checklist-and-template","zh\u002Facademic-writing\u002F08-literature-review-checklist-and-template",{"title":1060,"path":1061,"stem":1062},"10. 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Alpha 策略全流程","\u002Fzh\u002Fquant\u002F09-case-study","zh\u002Fquant\u002F09-case-study",{"title":1779,"path":1780,"stem":1781},"量化投资文献与软件图谱","\u002Fzh\u002Fquant\u002F10-reading-software-map","zh\u002Fquant\u002F10-reading-software-map",{"path":764},{"id":1784,"title":1590,"body":1785,"description":35245,"extension":35246,"features":35247,"hero":35247,"layout":35247,"locale":35247,"meta":35248,"navigation":35247,"path":1591,"published":35249,"seo":35250,"stem":1592,"__hash__":35251},"docs\u002Fzh\u002Fmicroeconomics\u002F07-information-economics\u002Findex.md",{"type":1786,"value":1787,"toc":35198},"minimark",[1788,1793,1797,1801,1804,1820,1823,1837,1841,1849,1875,1882,1886,1931,1935,1939,1945,2122,2127,2595,2923,2959,3365,3370,3801,4181,4308,4560,4565,4605,4609,4614,4619,5199,5300,6150,6155,6558,6616,7450,7551,7868,8011,8386,8393,8399,9559,9564,9583,9587,9592,9599,9604,9655,9722,9726,9730,9736,9740,10444,10450,10966,10971,11202,11250,11345,11755,11759,11937,11942,12435,12440,13810,13815,14353,14573,14578,14955,14958,15252,15383,15492,15967,15970,15974,16039,16338,16458,16589,16920,16924,16931,16935,16940,16944,17672,17940,18595,18600,19823,19828,20731,20736,20891,20895,20898,21401,21404,21412,21416,21420,21427,21432,21452,21457,21462,21476,21481,21755,21760,21894,22369,22374,22494,22499,22503,22671,22675,22830,22977,22982,23184,23444,23448,23479,23485,24617,24899,24904,25467,25471,27111,27115,27419,27423,27428,28242,28247,28696,28699,28964,28969,28972,29273,29524,29527,29809,30070,30073,30904,30910,30913,30917,30922,31450,31535,31600,31605,31979,31985,32019,32359,32363,32609,33116,33211,33699,33703,33975,34184,34189,34492,34498,34564,34568,34572,34577,34613,34618,34629,34634,34642,34646,34651,34659,34664,34675,34679,34683,34699,34704,34712,34716,34721,34732,34737,34745,34749,34753,34841,34845,34912,34914,34940,34944,34949,34981,34986,35008,35013,35027,35030,35039,35042,35062,35068,35071,35077,35142,35145,35159,35162,35179,35182,35185,35188],[1789,1790,1792],"h1",{"id":1791},"第-7-讲信息经济学逆向选择与道德风险","第 7 讲：信息经济学：逆向选择与道德风险",[1794,1795,1796],"h2",{"id":1796},"本章导学",[1798,1799,1800],"p",{},"前面的模型大多假设相关信息对参与者是共同可知的。本章放松这一假设：如果交易一方知道自己的类型、努力或风险，而另一方不知道，市场价格和普通合同就可能失灵。信息经济学的重点不是“信息越多越好”这句空话，而是分析信息结构如何改变选择、交易和福利。",[1798,1802,1803],{},"学完本章后，你应当能够：",[1805,1806,1807,1811,1814,1817],"ul",{},[1808,1809,1810],"li",{},"区分逆向选择、信号传递、筛选和道德风险。",[1808,1812,1813],{},"用类型、行动、合同和激励约束描述信息不对称问题。",[1808,1815,1816],{},"分析柠檬市场、保险筛选、教育信号和委托-代理模型的均衡逻辑。",[1808,1818,1819],{},"解释一阶最优和二阶最优之间为什么会出现效率损失。",[1798,1821,1822],{},"常见考查会要求你判断某个现实问题属于隐藏信息还是隐藏行动，并写出参与约束、激励相容约束或最优合同条件。做题时先问“信息在什么时候不对称”：签约前多半是逆向选择，签约后多半是道德风险。",[1798,1824,1825,1826,1831,1832,1836],{},"本章承接",[1827,1828,1830],"a",{"href":1829},"..\u002F06-oligopoly\u002F","第 6 章","的策略互动，并为",[1827,1833,1835],{"href":1834},"..\u002F08-mechanism-design\u002F","第 8 章","的机制设计提供问题来源：当私人信息无法直接观察时，制度设计必须处理激励相容。",[1794,1838,1840],{"id":1839},"经济动机-economic-motivation","经济动机 (Economic Motivation)",[1798,1842,1843,1844,1848],{},"在许多交易中，一方比另一方拥有更多的信息，这种\"",[1845,1846,1847],"strong",{},"信息不对称 (Asymmetric Information)","\"现象普遍存在：",[1805,1850,1851,1857,1863,1869],{},[1808,1852,1853,1856],{},[1845,1854,1855],{},"二手车市场","：卖家比买家更了解车况（是\"桃子\"还是\"柠檬\"）",[1808,1858,1859,1862],{},[1845,1860,1861],{},"保险市场","：投保人比保险公司更了解自己的风险水平",[1808,1864,1865,1868],{},[1845,1866,1867],{},"劳动市场","：求职者比雇主更了解自己的能力；雇员比雇主更了解自己的努力程度",[1808,1870,1871,1874],{},[1845,1872,1873],{},"金融市场","：借款人比银行更了解自己的还款能力和项目风险",[1798,1876,1877,1878,1881],{},"信息不对称会严重扭曲市场运行，甚至导致",[1845,1879,1880],{},"市场失灵 (Market Failure)","。George Akerlof、Michael Spence和Joseph Stiglitz因对信息经济学的开创性贡献共同获得2001年诺贝尔经济学奖。",[1883,1884,1885],"h3",{"id":1885},"信息不对称的两种类型",[1887,1888,1889,1911],"ol",{},[1808,1890,1891,1894,1895,1898,1899],{},[1845,1892,1893],{},"逆向选择 (Adverse Selection)","：签约",[1845,1896,1897],{},"前","的隐藏信息问题",[1805,1900,1901,1908],{},[1808,1902,1903,1904,1907],{},"一方的",[1845,1905,1906],{},"类型 (type)"," 是私人信息",[1808,1909,1910],{},"例：二手车市场上车的质量、保险市场上客户的风险类型",[1808,1912,1913,1894,1916,1919,1920],{},[1845,1914,1915],{},"道德风险 (Moral Hazard)",[1845,1917,1918],{},"后","的隐藏行动问题",[1805,1921,1922,1928],{},[1808,1923,1903,1924,1927],{},[1845,1925,1926],{},"行动 (action)"," 不可观测",[1808,1929,1930],{},"例：保险后的谨慎程度、雇员的努力水平",[1794,1932,1934],{"id":1933},"一逆向选择柠檬市场模型-adverse-selection-the-lemons-model","一、逆向选择：柠檬市场模型 (Adverse Selection: The Lemons Model)",[1883,1936,1938],{"id":1937},"_11-akerlof的柠檬市场-1970","1.1 Akerlof的柠檬市场 (1970)",[1798,1940,1941,1944],{},[1845,1942,1943],{},"模型设定","：",[1805,1946,1947,1950,1953],{},[1808,1948,1949],{},"有两种二手车：好车（桃子，peaches）和坏车（柠檬，lemons）",[1808,1951,1952],{},"卖家知道自己车的质量，买家不知道",[1808,1954,1955,1956,2065,2066],{},"好车占比 ",[1957,1958,1961,2006],"span",{"className":1959},[1960],"katex",[1957,1962,1965],{"className":1963},[1964],"katex-mathml",[1966,1967,1969],"math",{"xmlns":1968},"http:\u002F\u002Fwww.w3.org\u002F1998\u002FMath\u002FMathML",[1970,1971,1972,2001],"semantics",{},[1973,1974,1975,1979,1983,1987,1991,1995,1998],"mrow",{},[1976,1977,1978],"mi",{},"λ",[1980,1981,1982],"mo",{},"∈",[1980,1984,1986],{"stretchy":1985},"false","(",[1988,1989,1990],"mn",{},"0",[1980,1992,1994],{"separator":1993},"true",",",[1988,1996,1997],{},"1",[1980,1999,2000],{"stretchy":1985},")",[2002,2003,2005],"annotation",{"encoding":2004},"application\u002Fx-tex","\\lambda \\in (0,1)",[1957,2007,2010,2036],{"className":2008,"ariaHidden":1993},[2009],"katex-html",[1957,2011,2014,2019,2024,2029,2033],{"className":2012},[2013],"base",[1957,2015],{"className":2016,"style":2018},[2017],"strut","height:0.7335em;vertical-align:-0.0391em;",[1957,2020,1978],{"className":2021},[2022,2023],"mord","mathnormal",[1957,2025],{"className":2026,"style":2028},[2027],"mspace","margin-right:0.2778em;",[1957,2030,1982],{"className":2031},[2032],"mrel",[1957,2034],{"className":2035,"style":2028},[2027],[1957,2037,2039,2043,2047,2050,2054,2058,2061],{"className":2038},[2013],[1957,2040],{"className":2041,"style":2042},[2017],"height:1em;vertical-align:-0.25em;",[1957,2044,1986],{"className":2045},[2046],"mopen",[1957,2048,1990],{"className":2049},[2022],[1957,2051,1994],{"className":2052},[2053],"mpunct",[1957,2055],{"className":2056,"style":2057},[2027],"margin-right:0.1667em;",[1957,2059,1997],{"className":2060},[2022],[1957,2062,2000],{"className":2063},[2064],"mclose","，坏车占比 ",[1957,2067,2069,2088],{"className":2068},[1960],[1957,2070,2072],{"className":2071},[1964],[1966,2073,2074],{"xmlns":1968},[1970,2075,2076,2085],{},[1973,2077,2078,2080,2083],{},[1988,2079,1997],{},[1980,2081,2082],{},"−",[1976,2084,1978],{},[2002,2086,2087],{"encoding":2004},"1-\\lambda",[1957,2089,2091,2112],{"className":2090,"ariaHidden":1993},[2009],[1957,2092,2094,2098,2101,2105,2109],{"className":2093},[2013],[1957,2095],{"className":2096,"style":2097},[2017],"height:0.7278em;vertical-align:-0.0833em;",[1957,2099,1997],{"className":2100},[2022],[1957,2102],{"className":2103,"style":2104},[2027],"margin-right:0.2222em;",[1957,2106,2082],{"className":2107},[2108],"mbin",[1957,2110],{"className":2111,"style":2104},[2027],[1957,2113,2115,2119],{"className":2114},[2013],[1957,2116],{"className":2117,"style":2118},[2017],"height:0.6944em;",[1957,2120,1978],{"className":2121},[2022,2023],[1798,2123,2124,1944],{},[1845,2125,2126],{},"估值结构",[1805,2128,2129,2264,2374,2486],{},[1808,2130,2131,2132],{},"卖家对好车的保留价值：",[1957,2133,2135,2165],{"className":2134},[1960],[1957,2136,2138],{"className":2137},[1964],[1966,2139,2140],{"xmlns":1968},[1970,2141,2142,2162],{},[1973,2143,2144,2156,2159],{},[2145,2146,2147,2150,2153],"msubsup",{},[1976,2148,2149],{},"v",[1976,2151,2152],{},"H",[1976,2154,2155],{},"s",[1980,2157,2158],{},"=",[1988,2160,2161],{},"2000",[2002,2163,2164],{"encoding":2004},"v_H^s = 2000",[1957,2166,2168,2254],{"className":2167,"ariaHidden":1993},[2009],[1957,2169,2171,2175,2245,2248,2251],{"className":2170},[2013],[1957,2172],{"className":2173,"style":2174},[2017],"height:0.9397em;vertical-align:-0.2753em;",[1957,2176,2178,2182],{"className":2177},[2022],[1957,2179,2149],{"className":2180,"style":2181},[2022,2023],"margin-right:0.0359em;",[1957,2183,2186],{"className":2184},[2185],"msupsub",[1957,2187,2191,2236],{"className":2188},[2189,2190],"vlist-t","vlist-t2",[1957,2192,2195,2231],{"className":2193},[2194],"vlist-r",[1957,2196,2200,2219],{"className":2197,"style":2199},[2198],"vlist","height:0.6644em;",[1957,2201,2203,2208],{"style":2202},"top:-2.4247em;margin-left:-0.0359em;margin-right:0.05em;",[1957,2204],{"className":2205,"style":2207},[2206],"pstrut","height:2.7em;",[1957,2209,2215],{"className":2210},[2211,2212,2213,2214],"sizing","reset-size6","size3","mtight",[1957,2216,2152],{"className":2217,"style":2218},[2022,2023,2214],"margin-right:0.0813em;",[1957,2220,2222,2225],{"style":2221},"top:-3.063em;margin-right:0.05em;",[1957,2223],{"className":2224,"style":2207},[2206],[1957,2226,2228],{"className":2227},[2211,2212,2213,2214],[1957,2229,2155],{"className":2230},[2022,2023,2214],[1957,2232,2235],{"className":2233},[2234],"vlist-s","​",[1957,2237,2239],{"className":2238},[2194],[1957,2240,2243],{"className":2241,"style":2242},[2198],"height:0.2753em;",[1957,2244],{},[1957,2246],{"className":2247,"style":2028},[2027],[1957,2249,2158],{"className":2250},[2032],[1957,2252],{"className":2253,"style":2028},[2027],[1957,2255,2257,2261],{"className":2256},[2013],[1957,2258],{"className":2259,"style":2260},[2017],"height:0.6444em;",[1957,2262,2161],{"className":2263},[2022],[1808,2265,2266,2267],{},"卖家对坏车的保留价值：",[1957,2268,2270,2296],{"className":2269},[1960],[1957,2271,2273],{"className":2272},[1964],[1966,2274,2275],{"xmlns":1968},[1970,2276,2277,2293],{},[1973,2278,2279,2288,2290],{},[2145,2280,2281,2283,2286],{},[1976,2282,2149],{},[1976,2284,2285],{},"L",[1976,2287,2155],{},[1980,2289,2158],{},[1988,2291,2292],{},"1000",[2002,2294,2295],{"encoding":2004},"v_L^s = 1000",[1957,2297,2299,2365],{"className":2298,"ariaHidden":1993},[2009],[1957,2300,2302,2305,2356,2359,2362],{"className":2301},[2013],[1957,2303],{"className":2304,"style":2174},[2017],[1957,2306,2308,2311],{"className":2307},[2022],[1957,2309,2149],{"className":2310,"style":2181},[2022,2023],[1957,2312,2314],{"className":2313},[2185],[1957,2315,2317,2348],{"className":2316},[2189,2190],[1957,2318,2320,2345],{"className":2319},[2194],[1957,2321,2323,2334],{"className":2322,"style":2199},[2198],[1957,2324,2325,2328],{"style":2202},[1957,2326],{"className":2327,"style":2207},[2206],[1957,2329,2331],{"className":2330},[2211,2212,2213,2214],[1957,2332,2285],{"className":2333},[2022,2023,2214],[1957,2335,2336,2339],{"style":2221},[1957,2337],{"className":2338,"style":2207},[2206],[1957,2340,2342],{"className":2341},[2211,2212,2213,2214],[1957,2343,2155],{"className":2344},[2022,2023,2214],[1957,2346,2235],{"className":2347},[2234],[1957,2349,2351],{"className":2350},[2194],[1957,2352,2354],{"className":2353,"style":2242},[2198],[1957,2355],{},[1957,2357],{"className":2358,"style":2028},[2027],[1957,2360,2158],{"className":2361},[2032],[1957,2363],{"className":2364,"style":2028},[2027],[1957,2366,2368,2371],{"className":2367},[2013],[1957,2369],{"className":2370,"style":2260},[2017],[1957,2372,2292],{"className":2373},[2022],[1808,2375,2376,2377],{},"买家对好车的估值：",[1957,2378,2380,2406],{"className":2379},[1960],[1957,2381,2383],{"className":2382},[1964],[1966,2384,2385],{"xmlns":1968},[1970,2386,2387,2403],{},[1973,2388,2389,2398,2400],{},[2145,2390,2391,2393,2395],{},[1976,2392,2149],{},[1976,2394,2152],{},[1976,2396,2397],{},"b",[1980,2399,2158],{},[1988,2401,2402],{},"2400",[2002,2404,2405],{"encoding":2004},"v_H^b = 2400",[1957,2407,2409,2477],{"className":2408,"ariaHidden":1993},[2009],[1957,2410,2412,2416,2468,2471,2474],{"className":2411},[2013],[1957,2413],{"className":2414,"style":2415},[2017],"height:1.1244em;vertical-align:-0.2753em;",[1957,2417,2419,2422],{"className":2418},[2022],[1957,2420,2149],{"className":2421,"style":2181},[2022,2023],[1957,2423,2425],{"className":2424},[2185],[1957,2426,2428,2460],{"className":2427},[2189,2190],[1957,2429,2431,2457],{"className":2430},[2194],[1957,2432,2435,2446],{"className":2433,"style":2434},[2198],"height:0.8491em;",[1957,2436,2437,2440],{"style":2202},[1957,2438],{"className":2439,"style":2207},[2206],[1957,2441,2443],{"className":2442},[2211,2212,2213,2214],[1957,2444,2152],{"className":2445,"style":2218},[2022,2023,2214],[1957,2447,2448,2451],{"style":2221},[1957,2449],{"className":2450,"style":2207},[2206],[1957,2452,2454],{"className":2453},[2211,2212,2213,2214],[1957,2455,2397],{"className":2456},[2022,2023,2214],[1957,2458,2235],{"className":2459},[2234],[1957,2461,2463],{"className":2462},[2194],[1957,2464,2466],{"className":2465,"style":2242},[2198],[1957,2467],{},[1957,2469],{"className":2470,"style":2028},[2027],[1957,2472,2158],{"className":2473},[2032],[1957,2475],{"className":2476,"style":2028},[2027],[1957,2478,2480,2483],{"className":2479},[2013],[1957,2481],{"className":2482,"style":2260},[2017],[1957,2484,2402],{"className":2485},[2022],[1808,2487,2488,2489],{},"买家对坏车的估值：",[1957,2490,2492,2517],{"className":2491},[1960],[1957,2493,2495],{"className":2494},[1964],[1966,2496,2497],{"xmlns":1968},[1970,2498,2499,2514],{},[1973,2500,2501,2509,2511],{},[2145,2502,2503,2505,2507],{},[1976,2504,2149],{},[1976,2506,2285],{},[1976,2508,2397],{},[1980,2510,2158],{},[1988,2512,2513],{},"1200",[2002,2515,2516],{"encoding":2004},"v_L^b = 1200",[1957,2518,2520,2586],{"className":2519,"ariaHidden":1993},[2009],[1957,2521,2523,2526,2577,2580,2583],{"className":2522},[2013],[1957,2524],{"className":2525,"style":2415},[2017],[1957,2527,2529,2532],{"className":2528},[2022],[1957,2530,2149],{"className":2531,"style":2181},[2022,2023],[1957,2533,2535],{"className":2534},[2185],[1957,2536,2538,2569],{"className":2537},[2189,2190],[1957,2539,2541,2566],{"className":2540},[2194],[1957,2542,2544,2555],{"className":2543,"style":2434},[2198],[1957,2545,2546,2549],{"style":2202},[1957,2547],{"className":2548,"style":2207},[2206],[1957,2550,2552],{"className":2551},[2211,2212,2213,2214],[1957,2553,2285],{"className":2554},[2022,2023,2214],[1957,2556,2557,2560],{"style":2221},[1957,2558],{"className":2559,"style":2207},[2206],[1957,2561,2563],{"className":2562},[2211,2212,2213,2214],[1957,2564,2397],{"className":2565},[2022,2023,2214],[1957,2567,2235],{"className":2568},[2234],[1957,2570,2572],{"className":2571},[2194],[1957,2573,2575],{"className":2574,"style":2242},[2198],[1957,2576],{},[1957,2578],{"className":2579,"style":2028},[2027],[1957,2581,2158],{"className":2582},[2032],[1957,2584],{"className":2585,"style":2028},[2027],[1957,2587,2589,2592],{"className":2588},[2013],[1957,2590],{"className":2591,"style":2260},[2017],[1957,2593,2513],{"className":2594},[2022],[1798,2596,2597,2598,2758,2759,2918,2919,2922],{},"注意到 ",[1957,2599,2601,2632],{"className":2600},[1960],[1957,2602,2604],{"className":2603},[1964],[1966,2605,2606],{"xmlns":1968},[1970,2607,2608,2629],{},[1973,2609,2610,2618,2621],{},[2145,2611,2612,2614,2616],{},[1976,2613,2149],{},[1976,2615,2152],{},[1976,2617,2397],{},[1980,2619,2620],{},">",[2145,2622,2623,2625,2627],{},[1976,2624,2149],{},[1976,2626,2152],{},[1976,2628,2155],{},[2002,2630,2631],{"encoding":2004},"v_H^b > v_H^s",[1957,2633,2635,2701],{"className":2634,"ariaHidden":1993},[2009],[1957,2636,2638,2641,2692,2695,2698],{"className":2637},[2013],[1957,2639],{"className":2640,"style":2415},[2017],[1957,2642,2644,2647],{"className":2643},[2022],[1957,2645,2149],{"className":2646,"style":2181},[2022,2023],[1957,2648,2650],{"className":2649},[2185],[1957,2651,2653,2684],{"className":2652},[2189,2190],[1957,2654,2656,2681],{"className":2655},[2194],[1957,2657,2659,2670],{"className":2658,"style":2434},[2198],[1957,2660,2661,2664],{"style":2202},[1957,2662],{"className":2663,"style":2207},[2206],[1957,2665,2667],{"className":2666},[2211,2212,2213,2214],[1957,2668,2152],{"className":2669,"style":2218},[2022,2023,2214],[1957,2671,2672,2675],{"style":2221},[1957,2673],{"className":2674,"style":2207},[2206],[1957,2676,2678],{"className":2677},[2211,2212,2213,2214],[1957,2679,2397],{"className":2680},[2022,2023,2214],[1957,2682,2235],{"className":2683},[2234],[1957,2685,2687],{"className":2686},[2194],[1957,2688,2690],{"className":2689,"style":2242},[2198],[1957,2691],{},[1957,2693],{"className":2694,"style":2028},[2027],[1957,2696,2620],{"className":2697},[2032],[1957,2699],{"className":2700,"style":2028},[2027],[1957,2702,2704,2707],{"className":2703},[2013],[1957,2705],{"className":2706,"style":2174},[2017],[1957,2708,2710,2713],{"className":2709},[2022],[1957,2711,2149],{"className":2712,"style":2181},[2022,2023],[1957,2714,2716],{"className":2715},[2185],[1957,2717,2719,2750],{"className":2718},[2189,2190],[1957,2720,2722,2747],{"className":2721},[2194],[1957,2723,2725,2736],{"className":2724,"style":2199},[2198],[1957,2726,2727,2730],{"style":2202},[1957,2728],{"className":2729,"style":2207},[2206],[1957,2731,2733],{"className":2732},[2211,2212,2213,2214],[1957,2734,2152],{"className":2735,"style":2218},[2022,2023,2214],[1957,2737,2738,2741],{"style":2221},[1957,2739],{"className":2740,"style":2207},[2206],[1957,2742,2744],{"className":2743},[2211,2212,2213,2214],[1957,2745,2155],{"className":2746},[2022,2023,2214],[1957,2748,2235],{"className":2749},[2234],[1957,2751,2753],{"className":2752},[2194],[1957,2754,2756],{"className":2755,"style":2242},[2198],[1957,2757],{}," 且 ",[1957,2760,2762,2792],{"className":2761},[1960],[1957,2763,2765],{"className":2764},[1964],[1966,2766,2767],{"xmlns":1968},[1970,2768,2769,2789],{},[1973,2770,2771,2779,2781],{},[2145,2772,2773,2775,2777],{},[1976,2774,2149],{},[1976,2776,2285],{},[1976,2778,2397],{},[1980,2780,2620],{},[2145,2782,2783,2785,2787],{},[1976,2784,2149],{},[1976,2786,2285],{},[1976,2788,2155],{},[2002,2790,2791],{"encoding":2004},"v_L^b > v_L^s",[1957,2793,2795,2861],{"className":2794,"ariaHidden":1993},[2009],[1957,2796,2798,2801,2852,2855,2858],{"className":2797},[2013],[1957,2799],{"className":2800,"style":2415},[2017],[1957,2802,2804,2807],{"className":2803},[2022],[1957,2805,2149],{"className":2806,"style":2181},[2022,2023],[1957,2808,2810],{"className":2809},[2185],[1957,2811,2813,2844],{"className":2812},[2189,2190],[1957,2814,2816,2841],{"className":2815},[2194],[1957,2817,2819,2830],{"className":2818,"style":2434},[2198],[1957,2820,2821,2824],{"style":2202},[1957,2822],{"className":2823,"style":2207},[2206],[1957,2825,2827],{"className":2826},[2211,2212,2213,2214],[1957,2828,2285],{"className":2829},[2022,2023,2214],[1957,2831,2832,2835],{"style":2221},[1957,2833],{"className":2834,"style":2207},[2206],[1957,2836,2838],{"className":2837},[2211,2212,2213,2214],[1957,2839,2397],{"className":2840},[2022,2023,2214],[1957,2842,2235],{"className":2843},[2234],[1957,2845,2847],{"className":2846},[2194],[1957,2848,2850],{"className":2849,"style":2242},[2198],[1957,2851],{},[1957,2853],{"className":2854,"style":2028},[2027],[1957,2856,2620],{"className":2857},[2032],[1957,2859],{"className":2860,"style":2028},[2027],[1957,2862,2864,2867],{"className":2863},[2013],[1957,2865],{"className":2866,"style":2174},[2017],[1957,2868,2870,2873],{"className":2869},[2022],[1957,2871,2149],{"className":2872,"style":2181},[2022,2023],[1957,2874,2876],{"className":2875},[2185],[1957,2877,2879,2910],{"className":2878},[2189,2190],[1957,2880,2882,2907],{"className":2881},[2194],[1957,2883,2885,2896],{"className":2884,"style":2199},[2198],[1957,2886,2887,2890],{"style":2202},[1957,2888],{"className":2889,"style":2207},[2206],[1957,2891,2893],{"className":2892},[2211,2212,2213,2214],[1957,2894,2285],{"className":2895},[2022,2023,2214],[1957,2897,2898,2901],{"style":2221},[1957,2899],{"className":2900,"style":2207},[2206],[1957,2902,2904],{"className":2903},[2211,2212,2213,2214],[1957,2905,2155],{"className":2906},[2022,2023,2214],[1957,2908,2235],{"className":2909},[2234],[1957,2911,2913],{"className":2912},[2194],[1957,2914,2916],{"className":2915,"style":2242},[2198],[1957,2917],{},"，即交易有",[1845,2920,2921],{},"效率增益","。",[1798,2924,2925,2928,2929,2958],{},[1845,2926,2927],{},"买家的理性推断","：\n如果市场价格为 ",[1957,2930,2932,2945],{"className":2931},[1960],[1957,2933,2935],{"className":2934},[1964],[1966,2936,2937],{"xmlns":1968},[1970,2938,2939,2943],{},[1973,2940,2941],{},[1976,2942,1798],{},[2002,2944,1798],{"encoding":2004},[1957,2946,2948],{"className":2947,"ariaHidden":1993},[2009],[1957,2949,2951,2955],{"className":2950},[2013],[1957,2952],{"className":2953,"style":2954},[2017],"height:0.625em;vertical-align:-0.1944em;",[1957,2956,1798],{"className":2957},[2022,2023],"，买家无法观测车的质量，只能根据市场上车的平均质量定价：",[1957,2960,2963],{"className":2961},[2962],"katex-display",[1957,2964,2966,3053],{"className":2965},[1960],[1957,2967,2969],{"className":2968},[1964],[1966,2970,2972],{"xmlns":1968,"display":2971},"block",[1970,2973,2974,3050],{},[1973,2975,2976,2979,2982,2989,2992,2994,2996,3004,3007,3009,3011,3013,3015,3017,3025,3027,3029,3032,3034,3036,3038,3040,3042,3044,3046,3048],{},[1976,2977,2978],{},"E",[1980,2980,2981],{"stretchy":1985},"[",[2983,2984,2985,2987],"msup",{},[1976,2986,2149],{},[1976,2988,2397],{},[1980,2990,2991],{"stretchy":1985},"]",[1980,2993,2158],{},[1976,2995,1978],{},[2145,2997,2998,3000,3002],{},[1976,2999,2149],{},[1976,3001,2152],{},[1976,3003,2397],{},[1980,3005,3006],{},"+",[1980,3008,1986],{"stretchy":1985},[1988,3010,1997],{},[1980,3012,2082],{},[1976,3014,1978],{},[1980,3016,2000],{"stretchy":1985},[2145,3018,3019,3021,3023],{},[1976,3020,2149],{},[1976,3022,2285],{},[1976,3024,2397],{},[1980,3026,2158],{},[1976,3028,1978],{},[1980,3030,3031],{},"⋅",[1988,3033,2402],{},[1980,3035,3006],{},[1980,3037,1986],{"stretchy":1985},[1988,3039,1997],{},[1980,3041,2082],{},[1976,3043,1978],{},[1980,3045,2000],{"stretchy":1985},[1980,3047,3031],{},[1988,3049,2513],{},[2002,3051,3052],{"encoding":2004},"E[v^b] = \\lambda v_H^b + (1-\\lambda) v_L^b = \\lambda \\cdot 2400 + (1-\\lambda) \\cdot 1200",[1957,3054,3056,3113,3185,3206,3278,3296,3314,3335,3356],{"className":3055,"ariaHidden":1993},[2009],[1957,3057,3059,3063,3067,3070,3101,3104,3107,3110],{"className":3058},[2013],[1957,3060],{"className":3061,"style":3062},[2017],"height:1.1491em;vertical-align:-0.25em;",[1957,3064,2978],{"className":3065,"style":3066},[2022,2023],"margin-right:0.0576em;",[1957,3068,2981],{"className":3069},[2046],[1957,3071,3073,3076],{"className":3072},[2022],[1957,3074,2149],{"className":3075,"style":2181},[2022,2023],[1957,3077,3079],{"className":3078},[2185],[1957,3080,3082],{"className":3081},[2189],[1957,3083,3085],{"className":3084},[2194],[1957,3086,3089],{"className":3087,"style":3088},[2198],"height:0.8991em;",[1957,3090,3092,3095],{"style":3091},"top:-3.113em;margin-right:0.05em;",[1957,3093],{"className":3094,"style":2207},[2206],[1957,3096,3098],{"className":3097},[2211,2212,2213,2214],[1957,3099,2397],{"className":3100},[2022,2023,2214],[1957,3102,2991],{"className":3103},[2064],[1957,3105],{"className":3106,"style":2028},[2027],[1957,3108,2158],{"className":3109},[2032],[1957,3111],{"className":3112,"style":2028},[2027],[1957,3114,3116,3120,3123,3176,3179,3182],{"className":3115},[2013],[1957,3117],{"className":3118,"style":3119},[2017],"height:1.1461em;vertical-align:-0.247em;",[1957,3121,1978],{"className":3122},[2022,2023],[1957,3124,3126,3129],{"className":3125},[2022],[1957,3127,2149],{"className":3128,"style":2181},[2022,2023],[1957,3130,3132],{"className":3131},[2185],[1957,3133,3135,3167],{"className":3134},[2189,2190],[1957,3136,3138,3164],{"className":3137},[2194],[1957,3139,3141,3153],{"className":3140,"style":3088},[2198],[1957,3142,3144,3147],{"style":3143},"top:-2.453em;margin-left:-0.0359em;margin-right:0.05em;",[1957,3145],{"className":3146,"style":2207},[2206],[1957,3148,3150],{"className":3149},[2211,2212,2213,2214],[1957,3151,2152],{"className":3152,"style":2218},[2022,2023,2214],[1957,3154,3155,3158],{"style":3091},[1957,3156],{"className":3157,"style":2207},[2206],[1957,3159,3161],{"className":3160},[2211,2212,2213,2214],[1957,3162,2397],{"className":3163},[2022,2023,2214],[1957,3165,2235],{"className":3166},[2234],[1957,3168,3170],{"className":3169},[2194],[1957,3171,3174],{"className":3172,"style":3173},[2198],"height:0.247em;",[1957,3175],{},[1957,3177],{"className":3178,"style":2104},[2027],[1957,3180,3006],{"className":3181},[2108],[1957,3183],{"className":3184,"style":2104},[2027],[1957,3186,3188,3191,3194,3197,3200,3203],{"className":3187},[2013],[1957,3189],{"className":3190,"style":2042},[2017],[1957,3192,1986],{"className":3193},[2046],[1957,3195,1997],{"className":3196},[2022],[1957,3198],{"className":3199,"style":2104},[2027],[1957,3201,2082],{"className":3202},[2108],[1957,3204],{"className":3205,"style":2104},[2027],[1957,3207,3209,3212,3215,3218,3269,3272,3275],{"className":3208},[2013],[1957,3210],{"className":3211,"style":3062},[2017],[1957,3213,1978],{"className":3214},[2022,2023],[1957,3216,2000],{"className":3217},[2064],[1957,3219,3221,3224],{"className":3220},[2022],[1957,3222,2149],{"className":3223,"style":2181},[2022,2023],[1957,3225,3227],{"className":3226},[2185],[1957,3228,3230,3261],{"className":3229},[2189,2190],[1957,3231,3233,3258],{"className":3232},[2194],[1957,3234,3236,3247],{"className":3235,"style":3088},[2198],[1957,3237,3238,3241],{"style":3143},[1957,3239],{"className":3240,"style":2207},[2206],[1957,3242,3244],{"className":3243},[2211,2212,2213,2214],[1957,3245,2285],{"className":3246},[2022,2023,2214],[1957,3248,3249,3252],{"style":3091},[1957,3250],{"className":3251,"style":2207},[2206],[1957,3253,3255],{"className":3254},[2211,2212,2213,2214],[1957,3256,2397],{"className":3257},[2022,2023,2214],[1957,3259,2235],{"className":3260},[2234],[1957,3262,3264],{"className":3263},[2194],[1957,3265,3267],{"className":3266,"style":3173},[2198],[1957,3268],{},[1957,3270],{"className":3271,"style":2028},[2027],[1957,3273,2158],{"className":3274},[2032],[1957,3276],{"className":3277,"style":2028},[2027],[1957,3279,3281,3284,3287,3290,3293],{"className":3280},[2013],[1957,3282],{"className":3283,"style":2118},[2017],[1957,3285,1978],{"className":3286},[2022,2023],[1957,3288],{"className":3289,"style":2104},[2027],[1957,3291,3031],{"className":3292},[2108],[1957,3294],{"className":3295,"style":2104},[2027],[1957,3297,3299,3302,3305,3308,3311],{"className":3298},[2013],[1957,3300],{"className":3301,"style":2097},[2017],[1957,3303,2402],{"className":3304},[2022],[1957,3306],{"className":3307,"style":2104},[2027],[1957,3309,3006],{"className":3310},[2108],[1957,3312],{"className":3313,"style":2104},[2027],[1957,3315,3317,3320,3323,3326,3329,3332],{"className":3316},[2013],[1957,3318],{"className":3319,"style":2042},[2017],[1957,3321,1986],{"className":3322},[2046],[1957,3324,1997],{"className":3325},[2022],[1957,3327],{"className":3328,"style":2104},[2027],[1957,3330,2082],{"className":3331},[2108],[1957,3333],{"className":3334,"style":2104},[2027],[1957,3336,3338,3341,3344,3347,3350,3353],{"className":3337},[2013],[1957,3339],{"className":3340,"style":2042},[2017],[1957,3342,1978],{"className":3343},[2022,2023],[1957,3345,2000],{"className":3346},[2064],[1957,3348],{"className":3349,"style":2104},[2027],[1957,3351,3031],{"className":3352},[2108],[1957,3354],{"className":3355,"style":2104},[2027],[1957,3357,3359,3362],{"className":3358},[2013],[1957,3360],{"className":3361,"style":2260},[2017],[1957,3363,2513],{"className":3364},[2022],[1798,3366,3367,1944],{},[1845,3368,3369],{},"均衡分析",[1798,3371,3372,3375,3376,3550,3551],{},[1845,3373,3374],{},"情形1","：如果 ",[1957,3377,3379,3418],{"className":3378},[1960],[1957,3380,3382],{"className":3381},[1964],[1966,3383,3384],{"xmlns":1968},[1970,3385,3386,3415],{},[1973,3387,3388,3390,3392,3398,3400,3403,3411,3413],{},[1976,3389,2978],{},[1980,3391,2981],{"stretchy":1985},[2983,3393,3394,3396],{},[1976,3395,2149],{},[1976,3397,2397],{},[1980,3399,2991],{"stretchy":1985},[1980,3401,3402],{},"\u003C",[2145,3404,3405,3407,3409],{},[1976,3406,2149],{},[1976,3408,2152],{},[1976,3410,2155],{},[1980,3412,2158],{},[1988,3414,2161],{},[2002,3416,3417],{"encoding":2004},"E[v^b] \u003C v_H^s = 2000",[1957,3419,3421,3475,3541],{"className":3420,"ariaHidden":1993},[2009],[1957,3422,3424,3428,3431,3434,3463,3466,3469,3472],{"className":3423},[2013],[1957,3425],{"className":3426,"style":3427},[2017],"height:1.0991em;vertical-align:-0.25em;",[1957,3429,2978],{"className":3430,"style":3066},[2022,2023],[1957,3432,2981],{"className":3433},[2046],[1957,3435,3437,3440],{"className":3436},[2022],[1957,3438,2149],{"className":3439,"style":2181},[2022,2023],[1957,3441,3443],{"className":3442},[2185],[1957,3444,3446],{"className":3445},[2189],[1957,3447,3449],{"className":3448},[2194],[1957,3450,3452],{"className":3451,"style":2434},[2198],[1957,3453,3454,3457],{"style":2221},[1957,3455],{"className":3456,"style":2207},[2206],[1957,3458,3460],{"className":3459},[2211,2212,2213,2214],[1957,3461,2397],{"className":3462},[2022,2023,2214],[1957,3464,2991],{"className":3465},[2064],[1957,3467],{"className":3468,"style":2028},[2027],[1957,3470,3402],{"className":3471},[2032],[1957,3473],{"className":3474,"style":2028},[2027],[1957,3476,3478,3481,3532,3535,3538],{"className":3477},[2013],[1957,3479],{"className":3480,"style":2174},[2017],[1957,3482,3484,3487],{"className":3483},[2022],[1957,3485,2149],{"className":3486,"style":2181},[2022,2023],[1957,3488,3490],{"className":3489},[2185],[1957,3491,3493,3524],{"className":3492},[2189,2190],[1957,3494,3496,3521],{"className":3495},[2194],[1957,3497,3499,3510],{"className":3498,"style":2199},[2198],[1957,3500,3501,3504],{"style":2202},[1957,3502],{"className":3503,"style":2207},[2206],[1957,3505,3507],{"className":3506},[2211,2212,2213,2214],[1957,3508,2152],{"className":3509,"style":2218},[2022,2023,2214],[1957,3511,3512,3515],{"style":2221},[1957,3513],{"className":3514,"style":2207},[2206],[1957,3516,3518],{"className":3517},[2211,2212,2213,2214],[1957,3519,2155],{"className":3520},[2022,2023,2214],[1957,3522,2235],{"className":3523},[2234],[1957,3525,3527],{"className":3526},[2194],[1957,3528,3530],{"className":3529,"style":2242},[2198],[1957,3531],{},[1957,3533],{"className":3534,"style":2028},[2027],[1957,3536,2158],{"className":3537},[2032],[1957,3539],{"className":3540,"style":2028},[2027],[1957,3542,3544,3547],{"className":3543},[2013],[1957,3545],{"className":3546,"style":2260},[2017],[1957,3548,2161],{"className":3549},[2022],"，即 ",[1957,3552,3554,3599],{"className":3553},[1960],[1957,3555,3557],{"className":3556},[1964],[1966,3558,3559],{"xmlns":1968},[1970,3560,3561,3596],{},[1973,3562,3563,3565,3567,3586,3588],{},[1976,3564,1978],{},[1980,3566,3402],{},[3568,3569,3570,3578],"mfrac",{},[1973,3571,3572,3574,3576],{},[1988,3573,2161],{},[1980,3575,2082],{},[1988,3577,2513],{},[1973,3579,3580,3582,3584],{},[1988,3581,2402],{},[1980,3583,2082],{},[1988,3585,2513],{},[1980,3587,2158],{},[3568,3589,3590,3593],{},[1988,3591,3592],{},"2",[1988,3594,3595],{},"3",[2002,3597,3598],{"encoding":2004},"\\lambda \u003C \\frac{2000-1200}{2400-1200} = \\frac{2}{3}",[1957,3600,3602,3620,3725],{"className":3601,"ariaHidden":1993},[2009],[1957,3603,3605,3608,3611,3614,3617],{"className":3604},[2013],[1957,3606],{"className":3607,"style":2018},[2017],[1957,3609,1978],{"className":3610},[2022,2023],[1957,3612],{"className":3613,"style":2028},[2027],[1957,3615,3402],{"className":3616},[2032],[1957,3618],{"className":3619,"style":2028},[2027],[1957,3621,3623,3627,3716,3719,3722],{"className":3622},[2013],[1957,3624],{"className":3625,"style":3626},[2017],"height:1.2484em;vertical-align:-0.4033em;",[1957,3628,3630,3634,3713],{"className":3629},[2022],[1957,3631],{"className":3632},[2046,3633],"nulldelimiter",[1957,3635,3637],{"className":3636},[3568],[1957,3638,3640,3704],{"className":3639},[2189,2190],[1957,3641,3643,3701],{"className":3642},[2194],[1957,3644,3647,3669,3680],{"className":3645,"style":3646},[2198],"height:0.8451em;",[1957,3648,3650,3654],{"style":3649},"top:-2.655em;",[1957,3651],{"className":3652,"style":3653},[2206],"height:3em;",[1957,3655,3657],{"className":3656},[2211,2212,2213,2214],[1957,3658,3660,3663,3666],{"className":3659},[2022,2214],[1957,3661,2402],{"className":3662},[2022,2214],[1957,3664,2082],{"className":3665},[2108,2214],[1957,3667,2513],{"className":3668},[2022,2214],[1957,3670,3672,3675],{"style":3671},"top:-3.23em;",[1957,3673],{"className":3674,"style":3653},[2206],[1957,3676],{"className":3677,"style":3679},[3678],"frac-line","border-bottom-width:0.04em;",[1957,3681,3683,3686],{"style":3682},"top:-3.394em;",[1957,3684],{"className":3685,"style":3653},[2206],[1957,3687,3689],{"className":3688},[2211,2212,2213,2214],[1957,3690,3692,3695,3698],{"className":3691},[2022,2214],[1957,3693,2161],{"className":3694},[2022,2214],[1957,3696,2082],{"className":3697},[2108,2214],[1957,3699,2513],{"className":3700},[2022,2214],[1957,3702,2235],{"className":3703},[2234],[1957,3705,3707],{"className":3706},[2194],[1957,3708,3711],{"className":3709,"style":3710},[2198],"height:0.4033em;",[1957,3712],{},[1957,3714],{"className":3715},[2064,3633],[1957,3717],{"className":3718,"style":2028},[2027],[1957,3720,2158],{"className":3721},[2032],[1957,3723],{"className":3724,"style":2028},[2027],[1957,3726,3728,3732],{"className":3727},[2013],[1957,3729],{"className":3730,"style":3731},[2017],"height:1.1901em;vertical-align:-0.345em;",[1957,3733,3735,3738,3798],{"className":3734},[2022],[1957,3736],{"className":3737},[2046,3633],[1957,3739,3741],{"className":3740},[3568],[1957,3742,3744,3789],{"className":3743},[2189,2190],[1957,3745,3747,3786],{"className":3746},[2194],[1957,3748,3750,3764,3772],{"className":3749,"style":3646},[2198],[1957,3751,3752,3755],{"style":3649},[1957,3753],{"className":3754,"style":3653},[2206],[1957,3756,3758],{"className":3757},[2211,2212,2213,2214],[1957,3759,3761],{"className":3760},[2022,2214],[1957,3762,3595],{"className":3763},[2022,2214],[1957,3765,3766,3769],{"style":3671},[1957,3767],{"className":3768,"style":3653},[2206],[1957,3770],{"className":3771,"style":3679},[3678],[1957,3773,3774,3777],{"style":3682},[1957,3775],{"className":3776,"style":3653},[2206],[1957,3778,3780],{"className":3779},[2211,2212,2213,2214],[1957,3781,3783],{"className":3782},[2022,2214],[1957,3784,3592],{"className":3785},[2022,2214],[1957,3787,2235],{"className":3788},[2234],[1957,3790,3792],{"className":3791},[2194],[1957,3793,3796],{"className":3794,"style":3795},[2198],"height:0.345em;",[1957,3797],{},[1957,3799],{"className":3800},[2064,3633],[1805,3802,3803,3978,3981,4088,4175],{},[1808,3804,3805,3806,3880,3881,3977],{},"好车主不愿意以 ",[1957,3807,3809,3833],{"className":3808},[1960],[1957,3810,3812],{"className":3811},[1964],[1966,3813,3814],{"xmlns":1968},[1970,3815,3816,3830],{},[1973,3817,3818,3820,3822,3828],{},[1976,3819,2978],{},[1980,3821,2981],{"stretchy":1985},[2983,3823,3824,3826],{},[1976,3825,2149],{},[1976,3827,2397],{},[1980,3829,2991],{"stretchy":1985},[2002,3831,3832],{"encoding":2004},"E[v^b]",[1957,3834,3836],{"className":3835,"ariaHidden":1993},[2009],[1957,3837,3839,3842,3845,3848,3877],{"className":3838},[2013],[1957,3840],{"className":3841,"style":3427},[2017],[1957,3843,2978],{"className":3844,"style":3066},[2022,2023],[1957,3846,2981],{"className":3847},[2046],[1957,3849,3851,3854],{"className":3850},[2022],[1957,3852,2149],{"className":3853,"style":2181},[2022,2023],[1957,3855,3857],{"className":3856},[2185],[1957,3858,3860],{"className":3859},[2189],[1957,3861,3863],{"className":3862},[2194],[1957,3864,3866],{"className":3865,"style":2434},[2198],[1957,3867,3868,3871],{"style":2221},[1957,3869],{"className":3870,"style":2207},[2206],[1957,3872,3874],{"className":3873},[2211,2212,2213,2214],[1957,3875,2397],{"className":3876},[2022,2023,2214],[1957,3878,2991],{"className":3879},[2064]," 的价格出售（因为 ",[1957,3882,3884,3912],{"className":3883},[1960],[1957,3885,3887],{"className":3886},[1964],[1966,3888,3889],{"xmlns":1968},[1970,3890,3891,3909],{},[1973,3892,3893,3895,3897,3903,3905,3907],{},[1976,3894,2978],{},[1980,3896,2981],{"stretchy":1985},[2983,3898,3899,3901],{},[1976,3900,2149],{},[1976,3902,2397],{},[1980,3904,2991],{"stretchy":1985},[1980,3906,3402],{},[1988,3908,2161],{},[2002,3910,3911],{"encoding":2004},"E[v^b] \u003C 2000",[1957,3913,3915,3968],{"className":3914,"ariaHidden":1993},[2009],[1957,3916,3918,3921,3924,3927,3956,3959,3962,3965],{"className":3917},[2013],[1957,3919],{"className":3920,"style":3427},[2017],[1957,3922,2978],{"className":3923,"style":3066},[2022,2023],[1957,3925,2981],{"className":3926},[2046],[1957,3928,3930,3933],{"className":3929},[2022],[1957,3931,2149],{"className":3932,"style":2181},[2022,2023],[1957,3934,3936],{"className":3935},[2185],[1957,3937,3939],{"className":3938},[2189],[1957,3940,3942],{"className":3941},[2194],[1957,3943,3945],{"className":3944,"style":2434},[2198],[1957,3946,3947,3950],{"style":2221},[1957,3948],{"className":3949,"style":2207},[2206],[1957,3951,3953],{"className":3952},[2211,2212,2213,2214],[1957,3954,2397],{"className":3955},[2022,2023,2214],[1957,3957,2991],{"className":3958},[2064],[1957,3960],{"className":3961,"style":2028},[2027],[1957,3963,3402],{"className":3964},[2032],[1957,3966],{"className":3967,"style":2028},[2027],[1957,3969,3971,3974],{"className":3970},[2013],[1957,3972],{"className":3973,"style":2260},[2017],[1957,3975,2161],{"className":3976},[2022],"）",[1808,3979,3980],{},"好车退出市场，市场上只剩坏车",[1808,3982,3983,3984],{},"买家意识到这一点，只愿出价 ",[1957,3985,3987,4010],{"className":3986},[1960],[1957,3988,3990],{"className":3989},[1964],[1966,3991,3992],{"xmlns":1968},[1970,3993,3994,4008],{},[1973,3995,3996,4004,4006],{},[2145,3997,3998,4000,4002],{},[1976,3999,2149],{},[1976,4001,2285],{},[1976,4003,2397],{},[1980,4005,2158],{},[1988,4007,2513],{},[2002,4009,2516],{"encoding":2004},[1957,4011,4013,4079],{"className":4012,"ariaHidden":1993},[2009],[1957,4014,4016,4019,4070,4073,4076],{"className":4015},[2013],[1957,4017],{"className":4018,"style":2415},[2017],[1957,4020,4022,4025],{"className":4021},[2022],[1957,4023,2149],{"className":4024,"style":2181},[2022,2023],[1957,4026,4028],{"className":4027},[2185],[1957,4029,4031,4062],{"className":4030},[2189,2190],[1957,4032,4034,4059],{"className":4033},[2194],[1957,4035,4037,4048],{"className":4036,"style":2434},[2198],[1957,4038,4039,4042],{"style":2202},[1957,4040],{"className":4041,"style":2207},[2206],[1957,4043,4045],{"className":4044},[2211,2212,2213,2214],[1957,4046,2285],{"className":4047},[2022,2023,2214],[1957,4049,4050,4053],{"style":2221},[1957,4051],{"className":4052,"style":2207},[2206],[1957,4054,4056],{"className":4055},[2211,2212,2213,2214],[1957,4057,2397],{"className":4058},[2022,2023,2214],[1957,4060,2235],{"className":4061},[2234],[1957,4063,4065],{"className":4064},[2194],[1957,4066,4068],{"className":4067,"style":2242},[2198],[1957,4069],{},[1957,4071],{"className":4072,"style":2028},[2027],[1957,4074,2158],{"className":4075},[2032],[1957,4077],{"className":4078,"style":2028},[2027],[1957,4080,4082,4085],{"className":4081},[2013],[1957,4083],{"className":4084,"style":2260},[2017],[1957,4086,2513],{"className":4087},[2022],[1808,4089,4090,4091],{},"最终均衡：只有坏车交易，价格 ",[1957,4092,4094,4117],{"className":4093},[1960],[1957,4095,4097],{"className":4096},[1964],[1966,4098,4099],{"xmlns":1968},[1970,4100,4101,4114],{},[1973,4102,4103,4110,4112],{},[2983,4104,4105,4107],{},[1976,4106,1798],{},[1980,4108,4109],{},"∗",[1980,4111,2158],{},[1988,4113,2513],{},[2002,4115,4116],{"encoding":2004},"p^* = 1200",[1957,4118,4120,4166],{"className":4119,"ariaHidden":1993},[2009],[1957,4121,4123,4127,4157,4160,4163],{"className":4122},[2013],[1957,4124],{"className":4125,"style":4126},[2017],"height:0.8831em;vertical-align:-0.1944em;",[1957,4128,4130,4133],{"className":4129},[2022],[1957,4131,1798],{"className":4132},[2022,2023],[1957,4134,4136],{"className":4135},[2185],[1957,4137,4139],{"className":4138},[2189],[1957,4140,4142],{"className":4141},[2194],[1957,4143,4146],{"className":4144,"style":4145},[2198],"height:0.6887em;",[1957,4147,4148,4151],{"style":2221},[1957,4149],{"className":4150,"style":2207},[2206],[1957,4152,4154],{"className":4153},[2211,2212,2213,2214],[1957,4155,4109],{"className":4156},[2108,2214],[1957,4158],{"className":4159,"style":2028},[2027],[1957,4161,2158],{"className":4162},[2032],[1957,4164],{"className":4165,"style":2028},[2027],[1957,4167,4169,4172],{"className":4168},[2013],[1957,4170],{"className":4171,"style":2260},[2017],[1957,4173,2513],{"className":4174},[2022],[1808,4176,4177,4180],{},[1845,4178,4179],{},"市场部分失灵","：有效率的好车交易无法实现",[1798,4182,4183,3375,4186],{},[1845,4184,4185],{},"情形2",[1957,4187,4189,4212],{"className":4188},[1960],[1957,4190,4192],{"className":4191},[1964],[1966,4193,4194],{"xmlns":1968},[1970,4195,4196,4209],{},[1973,4197,4198,4200,4203],{},[1976,4199,1978],{},[1980,4201,4202],{},"≥",[3568,4204,4205,4207],{},[1988,4206,3592],{},[1988,4208,3595],{},[2002,4210,4211],{"encoding":2004},"\\lambda \\geq \\frac{2}{3}",[1957,4213,4215,4234],{"className":4214,"ariaHidden":1993},[2009],[1957,4216,4218,4222,4225,4228,4231],{"className":4217},[2013],[1957,4219],{"className":4220,"style":4221},[2017],"height:0.8304em;vertical-align:-0.136em;",[1957,4223,1978],{"className":4224},[2022,2023],[1957,4226],{"className":4227,"style":2028},[2027],[1957,4229,4202],{"className":4230},[2032],[1957,4232],{"className":4233,"style":2028},[2027],[1957,4235,4237,4240],{"className":4236},[2013],[1957,4238],{"className":4239,"style":3731},[2017],[1957,4241,4243,4246,4305],{"className":4242},[2022],[1957,4244],{"className":4245},[2046,3633],[1957,4247,4249],{"className":4248},[3568],[1957,4250,4252,4297],{"className":4251},[2189,2190],[1957,4253,4255,4294],{"className":4254},[2194],[1957,4256,4258,4272,4280],{"className":4257,"style":3646},[2198],[1957,4259,4260,4263],{"style":3649},[1957,4261],{"className":4262,"style":3653},[2206],[1957,4264,4266],{"className":4265},[2211,2212,2213,2214],[1957,4267,4269],{"className":4268},[2022,2214],[1957,4270,3595],{"className":4271},[2022,2214],[1957,4273,4274,4277],{"style":3671},[1957,4275],{"className":4276,"style":3653},[2206],[1957,4278],{"className":4279,"style":3679},[3678],[1957,4281,4282,4285],{"style":3682},[1957,4283],{"className":4284,"style":3653},[2206],[1957,4286,4288],{"className":4287},[2211,2212,2213,2214],[1957,4289,4291],{"className":4290},[2022,2214],[1957,4292,3592],{"className":4293},[2022,2214],[1957,4295,2235],{"className":4296},[2234],[1957,4298,4300],{"className":4299},[2194],[1957,4301,4303],{"className":4302,"style":3795},[2198],[1957,4304],{},[1957,4306],{"className":4307},[2064,3633],[1805,4309,4310,4409],{},[1808,4311,4312,4408],{},[1957,4313,4315,4343],{"className":4314},[1960],[1957,4316,4318],{"className":4317},[1964],[1966,4319,4320],{"xmlns":1968},[1970,4321,4322,4340],{},[1973,4323,4324,4326,4328,4334,4336,4338],{},[1976,4325,2978],{},[1980,4327,2981],{"stretchy":1985},[2983,4329,4330,4332],{},[1976,4331,2149],{},[1976,4333,2397],{},[1980,4335,2991],{"stretchy":1985},[1980,4337,4202],{},[1988,4339,2161],{},[2002,4341,4342],{"encoding":2004},"E[v^b] \\geq 2000",[1957,4344,4346,4399],{"className":4345,"ariaHidden":1993},[2009],[1957,4347,4349,4352,4355,4358,4387,4390,4393,4396],{"className":4348},[2013],[1957,4350],{"className":4351,"style":3427},[2017],[1957,4353,2978],{"className":4354,"style":3066},[2022,2023],[1957,4356,2981],{"className":4357},[2046],[1957,4359,4361,4364],{"className":4360},[2022],[1957,4362,2149],{"className":4363,"style":2181},[2022,2023],[1957,4365,4367],{"className":4366},[2185],[1957,4368,4370],{"className":4369},[2189],[1957,4371,4373],{"className":4372},[2194],[1957,4374,4376],{"className":4375,"style":2434},[2198],[1957,4377,4378,4381],{"style":2221},[1957,4379],{"className":4380,"style":2207},[2206],[1957,4382,4384],{"className":4383},[2211,2212,2213,2214],[1957,4385,2397],{"className":4386},[2022,2023,2214],[1957,4388,2991],{"className":4389},[2064],[1957,4391],{"className":4392,"style":2028},[2027],[1957,4394,4202],{"className":4395},[2032],[1957,4397],{"className":4398,"style":2028},[2027],[1957,4400,4402,4405],{"className":4401},[2013],[1957,4403],{"className":4404,"style":2260},[2017],[1957,4406,2161],{"className":4407},[2022],"，好车主愿意出售",[1808,4410,4411,4412,4559],{},"均衡价格 ",[1957,4413,4415,4455],{"className":4414},[1960],[1957,4416,4418],{"className":4417},[1964],[1966,4419,4420],{"xmlns":1968},[1970,4421,4422,4452],{},[1973,4423,4424,4430,4432,4434,4436,4438,4440,4442,4448,4450],{},[2983,4425,4426,4428],{},[1976,4427,1798],{},[1980,4429,4109],{},[1980,4431,1982],{},[1980,4433,2981],{"stretchy":1985},[1988,4435,2161],{},[1980,4437,1994],{"separator":1993},[1976,4439,2978],{},[1980,4441,2981],{"stretchy":1985},[2983,4443,4444,4446],{},[1976,4445,2149],{},[1976,4447,2397],{},[1980,4449,2991],{"stretchy":1985},[1980,4451,2991],{"stretchy":1985},[2002,4453,4454],{"encoding":2004},"p^* \\in [2000, E[v^b]]",[1957,4456,4458,4502],{"className":4457,"ariaHidden":1993},[2009],[1957,4459,4461,4464,4493,4496,4499],{"className":4460},[2013],[1957,4462],{"className":4463,"style":4126},[2017],[1957,4465,4467,4470],{"className":4466},[2022],[1957,4468,1798],{"className":4469},[2022,2023],[1957,4471,4473],{"className":4472},[2185],[1957,4474,4476],{"className":4475},[2189],[1957,4477,4479],{"className":4478},[2194],[1957,4480,4482],{"className":4481,"style":4145},[2198],[1957,4483,4484,4487],{"style":2221},[1957,4485],{"className":4486,"style":2207},[2206],[1957,4488,4490],{"className":4489},[2211,2212,2213,2214],[1957,4491,4109],{"className":4492},[2108,2214],[1957,4494],{"className":4495,"style":2028},[2027],[1957,4497,1982],{"className":4498},[2032],[1957,4500],{"className":4501,"style":2028},[2027],[1957,4503,4505,4508,4511,4514,4517,4520,4523,4526,4555],{"className":4504},[2013],[1957,4506],{"className":4507,"style":3427},[2017],[1957,4509,2981],{"className":4510},[2046],[1957,4512,2161],{"className":4513},[2022],[1957,4515,1994],{"className":4516},[2053],[1957,4518],{"className":4519,"style":2057},[2027],[1957,4521,2978],{"className":4522,"style":3066},[2022,2023],[1957,4524,2981],{"className":4525},[2046],[1957,4527,4529,4532],{"className":4528},[2022],[1957,4530,2149],{"className":4531,"style":2181},[2022,2023],[1957,4533,4535],{"className":4534},[2185],[1957,4536,4538],{"className":4537},[2189],[1957,4539,4541],{"className":4540},[2194],[1957,4542,4544],{"className":4543,"style":2434},[2198],[1957,4545,4546,4549],{"style":2221},[1957,4547],{"className":4548,"style":2207},[2206],[1957,4550,4552],{"className":4551},[2211,2212,2213,2214],[1957,4553,2397],{"className":4554},[2022,2023,2214],[1957,4556,4558],{"className":4557},[2064],"]]","，好车和坏车都交易",[1798,4561,4562,1944],{},[1845,4563,4564],{},"核心洞见",[4566,4567,4568],"blockquote",{},[1798,4569,4570,4571,4600,4601,4604],{},"当信息不对称足够严重（好车占比 ",[1957,4572,4574,4588],{"className":4573},[1960],[1957,4575,4577],{"className":4576},[1964],[1966,4578,4579],{"xmlns":1968},[1970,4580,4581,4585],{},[1973,4582,4583],{},[1976,4584,1978],{},[2002,4586,4587],{"encoding":2004},"\\lambda",[1957,4589,4591],{"className":4590,"ariaHidden":1993},[2009],[1957,4592,4594,4597],{"className":4593},[2013],[1957,4595],{"className":4596,"style":2118},[2017],[1957,4598,1978],{"className":4599},[2022,2023]," 太低）时，信息劣势方（买家）的悲观预期会导致信息优势方中的\"好类型\"（好车主）退出市场，最终只有\"坏类型\"留下。这就是",[1845,4602,4603],{},"逆向选择","的本质。",[1883,4606,4608],{"id":4607},"_12-保险市场的逆向选择","1.2 保险市场的逆向选择",[1798,4610,4611],{},[1845,4612,4613],{},"Rothschild-Stiglitz模型 (1976)",[1798,4615,4616,1944],{},[1845,4617,4618],{},"设定",[1805,4620,4621,4962,4965,5029],{},[1808,4622,4623,4624,4653,4654,4728,4729,4653,4757,4827,4828],{},"两类消费者：高风险类型 ",[1957,4625,4627,4640],{"className":4626},[1960],[1957,4628,4630],{"className":4629},[1964],[1966,4631,4632],{"xmlns":1968},[1970,4633,4634,4638],{},[1973,4635,4636],{},[1976,4637,2152],{},[2002,4639,2152],{"encoding":2004},[1957,4641,4643],{"className":4642,"ariaHidden":1993},[2009],[1957,4644,4646,4650],{"className":4645},[2013],[1957,4647],{"className":4648,"style":4649},[2017],"height:0.6833em;",[1957,4651,2152],{"className":4652,"style":2218},[2022,2023],"（事故概率 ",[1957,4655,4657,4676],{"className":4656},[1960],[1957,4658,4660],{"className":4659},[1964],[1966,4661,4662],{"xmlns":1968},[1970,4663,4664,4673],{},[1973,4665,4666],{},[4667,4668,4669,4671],"msub",{},[1976,4670,1798],{},[1976,4672,2152],{},[2002,4674,4675],{"encoding":2004},"p_H",[1957,4677,4679],{"className":4678,"ariaHidden":1993},[2009],[1957,4680,4682,4685],{"className":4681},[2013],[1957,4683],{"className":4684,"style":2954},[2017],[1957,4686,4688,4691],{"className":4687},[2022],[1957,4689,1798],{"className":4690},[2022,2023],[1957,4692,4694],{"className":4693},[2185],[1957,4695,4697,4719],{"className":4696},[2189,2190],[1957,4698,4700,4716],{"className":4699},[2194],[1957,4701,4704],{"className":4702,"style":4703},[2198],"height:0.3283em;",[1957,4705,4707,4710],{"style":4706},"top:-2.55em;margin-left:0em;margin-right:0.05em;",[1957,4708],{"className":4709,"style":2207},[2206],[1957,4711,4713],{"className":4712},[2211,2212,2213,2214],[1957,4714,2152],{"className":4715,"style":2218},[2022,2023,2214],[1957,4717,2235],{"className":4718},[2234],[1957,4720,4722],{"className":4721},[2194],[1957,4723,4726],{"className":4724,"style":4725},[2198],"height:0.15em;",[1957,4727],{},"）和低风险类型 ",[1957,4730,4732,4745],{"className":4731},[1960],[1957,4733,4735],{"className":4734},[1964],[1966,4736,4737],{"xmlns":1968},[1970,4738,4739,4743],{},[1973,4740,4741],{},[1976,4742,2285],{},[2002,4744,2285],{"encoding":2004},[1957,4746,4748],{"className":4747,"ariaHidden":1993},[2009],[1957,4749,4751,4754],{"className":4750},[2013],[1957,4752],{"className":4753,"style":4649},[2017],[1957,4755,2285],{"className":4756},[2022,2023],[1957,4758,4760,4778],{"className":4759},[1960],[1957,4761,4763],{"className":4762},[1964],[1966,4764,4765],{"xmlns":1968},[1970,4766,4767,4775],{},[1973,4768,4769],{},[4667,4770,4771,4773],{},[1976,4772,1798],{},[1976,4774,2285],{},[2002,4776,4777],{"encoding":2004},"p_L",[1957,4779,4781],{"className":4780,"ariaHidden":1993},[2009],[1957,4782,4784,4787],{"className":4783},[2013],[1957,4785],{"className":4786,"style":2954},[2017],[1957,4788,4790,4793],{"className":4789},[2022],[1957,4791,1798],{"className":4792},[2022,2023],[1957,4794,4796],{"className":4795},[2185],[1957,4797,4799,4819],{"className":4798},[2189,2190],[1957,4800,4802,4816],{"className":4801},[2194],[1957,4803,4805],{"className":4804,"style":4703},[2198],[1957,4806,4807,4810],{"style":4706},[1957,4808],{"className":4809,"style":2207},[2206],[1957,4811,4813],{"className":4812},[2211,2212,2213,2214],[1957,4814,2285],{"className":4815},[2022,2023,2214],[1957,4817,2235],{"className":4818},[2234],[1957,4820,4822],{"className":4821},[2194],[1957,4823,4825],{"className":4824,"style":4725},[2198],[1957,4826],{},"），其中 ",[1957,4829,4831,4857],{"className":4830},[1960],[1957,4832,4834],{"className":4833},[1964],[1966,4835,4836],{"xmlns":1968},[1970,4837,4838,4854],{},[1973,4839,4840,4846,4848],{},[4667,4841,4842,4844],{},[1976,4843,1798],{},[1976,4845,2152],{},[1980,4847,2620],{},[4667,4849,4850,4852],{},[1976,4851,1798],{},[1976,4853,2285],{},[2002,4855,4856],{"encoding":2004},"p_H > p_L",[1957,4858,4860,4916],{"className":4859,"ariaHidden":1993},[2009],[1957,4861,4863,4867,4907,4910,4913],{"className":4862},[2013],[1957,4864],{"className":4865,"style":4866},[2017],"height:0.7335em;vertical-align:-0.1944em;",[1957,4868,4870,4873],{"className":4869},[2022],[1957,4871,1798],{"className":4872},[2022,2023],[1957,4874,4876],{"className":4875},[2185],[1957,4877,4879,4899],{"className":4878},[2189,2190],[1957,4880,4882,4896],{"className":4881},[2194],[1957,4883,4885],{"className":4884,"style":4703},[2198],[1957,4886,4887,4890],{"style":4706},[1957,4888],{"className":4889,"style":2207},[2206],[1957,4891,4893],{"className":4892},[2211,2212,2213,2214],[1957,4894,2152],{"className":4895,"style":2218},[2022,2023,2214],[1957,4897,2235],{"className":4898},[2234],[1957,4900,4902],{"className":4901},[2194],[1957,4903,4905],{"className":4904,"style":4725},[2198],[1957,4906],{},[1957,4908],{"className":4909,"style":2028},[2027],[1957,4911,2620],{"className":4912},[2032],[1957,4914],{"className":4915,"style":2028},[2027],[1957,4917,4919,4922],{"className":4918},[2013],[1957,4920],{"className":4921,"style":2954},[2017],[1957,4923,4925,4928],{"className":4924},[2022],[1957,4926,1798],{"className":4927},[2022,2023],[1957,4929,4931],{"className":4930},[2185],[1957,4932,4934,4954],{"className":4933},[2189,2190],[1957,4935,4937,4951],{"className":4936},[2194],[1957,4938,4940],{"className":4939,"style":4703},[2198],[1957,4941,4942,4945],{"style":4706},[1957,4943],{"className":4944,"style":2207},[2206],[1957,4946,4948],{"className":4947},[2211,2212,2213,2214],[1957,4949,2285],{"className":4950},[2022,2023,2214],[1957,4952,2235],{"className":4953},[2234],[1957,4955,4957],{"className":4956},[2194],[1957,4958,4960],{"className":4959,"style":4725},[2198],[1957,4961],{},[1808,4963,4964],{},"保险公司不知道客户类型，但知道类型分布",[1808,4966,4967,4968,4998,4999],{},"消费者初始财富 ",[1957,4969,4971,4985],{"className":4970},[1960],[1957,4972,4974],{"className":4973},[1964],[1966,4975,4976],{"xmlns":1968},[1970,4977,4978,4983],{},[1973,4979,4980],{},[1976,4981,4982],{},"W",[2002,4984,4982],{"encoding":2004},[1957,4986,4988],{"className":4987,"ariaHidden":1993},[2009],[1957,4989,4991,4994],{"className":4990},[2013],[1957,4992],{"className":4993,"style":4649},[2017],[1957,4995,4982],{"className":4996,"style":4997},[2022,2023],"margin-right:0.1389em;","，事故损失 ",[1957,5000,5002,5016],{"className":5001},[1960],[1957,5003,5005],{"className":5004},[1964],[1966,5006,5007],{"xmlns":1968},[1970,5008,5009,5014],{},[1973,5010,5011],{},[1976,5012,5013],{},"D",[2002,5015,5013],{"encoding":2004},[1957,5017,5019],{"className":5018,"ariaHidden":1993},[2009],[1957,5020,5022,5025],{"className":5021},[2013],[1957,5023],{"className":5024,"style":4649},[2017],[1957,5026,5013],{"className":5027,"style":5028},[2022,2023],"margin-right:0.0278em;",[1808,5030,5031,5032,5087,5088,5116,5117,5147,5148,3977],{},"保险合同 ",[1957,5033,5035,5059],{"className":5034},[1960],[1957,5036,5038],{"className":5037},[1964],[1966,5039,5040],{"xmlns":1968},[1970,5041,5042,5056],{},[1973,5043,5044,5046,5049,5051,5054],{},[1980,5045,1986],{"stretchy":1985},[1976,5047,5048],{},"q",[1980,5050,1994],{"separator":1993},[1976,5052,5053],{},"α",[1980,5055,2000],{"stretchy":1985},[2002,5057,5058],{"encoding":2004},"(q, \\alpha)",[1957,5060,5062],{"className":5061,"ariaHidden":1993},[2009],[1957,5063,5065,5068,5071,5074,5077,5080,5084],{"className":5064},[2013],[1957,5066],{"className":5067,"style":2042},[2017],[1957,5069,1986],{"className":5070},[2046],[1957,5072,5048],{"className":5073,"style":2181},[2022,2023],[1957,5075,1994],{"className":5076},[2053],[1957,5078],{"className":5079,"style":2057},[2027],[1957,5081,5053],{"className":5082,"style":5083},[2022,2023],"margin-right:0.0037em;",[1957,5085,2000],{"className":5086},[2064],"：保费 ",[1957,5089,5091,5104],{"className":5090},[1960],[1957,5092,5094],{"className":5093},[1964],[1966,5095,5096],{"xmlns":1968},[1970,5097,5098,5102],{},[1973,5099,5100],{},[1976,5101,5048],{},[2002,5103,5048],{"encoding":2004},[1957,5105,5107],{"className":5106,"ariaHidden":1993},[2009],[1957,5108,5110,5113],{"className":5109},[2013],[1957,5111],{"className":5112,"style":2954},[2017],[1957,5114,5048],{"className":5115,"style":2181},[2022,2023],"，赔付 ",[1957,5118,5120,5134],{"className":5119},[1960],[1957,5121,5123],{"className":5122},[1964],[1966,5124,5125],{"xmlns":1968},[1970,5126,5127,5131],{},[1973,5128,5129],{},[1976,5130,5053],{},[2002,5132,5133],{"encoding":2004},"\\alpha",[1957,5135,5137],{"className":5136,"ariaHidden":1993},[2009],[1957,5138,5140,5144],{"className":5139},[2013],[1957,5141],{"className":5142,"style":5143},[2017],"height:0.4306em;",[1957,5145,5053],{"className":5146,"style":5083},[2022,2023],"（全额赔付时 ",[1957,5149,5151,5169],{"className":5150},[1960],[1957,5152,5154],{"className":5153},[1964],[1966,5155,5156],{"xmlns":1968},[1970,5157,5158,5166],{},[1973,5159,5160,5162,5164],{},[1976,5161,5053],{},[1980,5163,2158],{},[1976,5165,5013],{},[2002,5167,5168],{"encoding":2004},"\\alpha = D",[1957,5170,5172,5190],{"className":5171,"ariaHidden":1993},[2009],[1957,5173,5175,5178,5181,5184,5187],{"className":5174},[2013],[1957,5176],{"className":5177,"style":5143},[2017],[1957,5179,5053],{"className":5180,"style":5083},[2022,2023],[1957,5182],{"className":5183,"style":2028},[2027],[1957,5185,2158],{"className":5186},[2032],[1957,5188],{"className":5189,"style":2028},[2027],[1957,5191,5193,5196],{"className":5192},[2013],[1957,5194],{"className":5195,"style":4649},[2017],[1957,5197,5013],{"className":5198,"style":5028},[2022,2023],[1798,5200,5201,5204,5205,5299],{},[1845,5202,5203],{},"消费者效用","（风险规避，",[1957,5206,5208,5237],{"className":5207},[1960],[1957,5209,5211],{"className":5210},[1964],[1966,5212,5213],{"xmlns":1968},[1970,5214,5215,5234],{},[1973,5216,5217,5230,5232],{},[2983,5218,5219,5222],{},[1976,5220,5221],{},"u",[1973,5223,5224,5228],{},[1980,5225,5227],{"mathvariant":5226},"normal","′",[1980,5229,5227],{"mathvariant":5226},[1980,5231,3402],{},[1988,5233,1990],{},[2002,5235,5236],{"encoding":2004},"u'' \u003C 0",[1957,5238,5240,5290],{"className":5239,"ariaHidden":1993},[2009],[1957,5241,5243,5247,5281,5284,5287],{"className":5242},[2013],[1957,5244],{"className":5245,"style":5246},[2017],"height:0.791em;vertical-align:-0.0391em;",[1957,5248,5250,5253],{"className":5249},[2022],[1957,5251,5221],{"className":5252},[2022,2023],[1957,5254,5256],{"className":5255},[2185],[1957,5257,5259],{"className":5258},[2189],[1957,5260,5262],{"className":5261},[2194],[1957,5263,5266],{"className":5264,"style":5265},[2198],"height:0.7519em;",[1957,5267,5268,5271],{"style":2221},[1957,5269],{"className":5270,"style":2207},[2206],[1957,5272,5274],{"className":5273},[2211,2212,2213,2214],[1957,5275,5277],{"className":5276},[2022,2214],[1957,5278,5280],{"className":5279},[2022,2214],"′′",[1957,5282],{"className":5283,"style":2028},[2027],[1957,5285,3402],{"className":5286},[2032],[1957,5288],{"className":5289,"style":2028},[2027],[1957,5291,5293,5296],{"className":5292},[2013],[1957,5294],{"className":5295,"style":2260},[2017],[1957,5297,1990],{"className":5298},[2022],"）：",[1805,5301,5302,5729],{},[1808,5303,5304,5305],{},"高风险类型：",[1957,5306,5308,5397],{"className":5307},[1960],[1957,5309,5311],{"className":5310},[1964],[1966,5312,5313],{"xmlns":1968},[1970,5314,5315,5394],{},[1973,5316,5317,5324,5326,5328,5330,5332,5334,5336,5342,5344,5346,5348,5350,5352,5354,5356,5358,5360,5362,5364,5366,5368,5370,5372,5378,5380,5382,5384,5386,5388,5390,5392],{},[4667,5318,5319,5322],{},[1976,5320,5321],{},"U",[1976,5323,2152],{},[1980,5325,1986],{"stretchy":1985},[1976,5327,5048],{},[1980,5329,1994],{"separator":1993},[1976,5331,5053],{},[1980,5333,2000],{"stretchy":1985},[1980,5335,2158],{},[4667,5337,5338,5340],{},[1976,5339,1798],{},[1976,5341,2152],{},[1980,5343,3031],{},[1976,5345,5221],{},[1980,5347,1986],{"stretchy":1985},[1976,5349,4982],{},[1980,5351,2082],{},[1976,5353,5013],{},[1980,5355,3006],{},[1976,5357,5053],{},[1980,5359,2082],{},[1976,5361,5048],{},[1980,5363,2000],{"stretchy":1985},[1980,5365,3006],{},[1980,5367,1986],{"stretchy":1985},[1988,5369,1997],{},[1980,5371,2082],{},[4667,5373,5374,5376],{},[1976,5375,1798],{},[1976,5377,2152],{},[1980,5379,2000],{"stretchy":1985},[1980,5381,3031],{},[1976,5383,5221],{},[1980,5385,1986],{"stretchy":1985},[1976,5387,4982],{},[1980,5389,2082],{},[1976,5391,5048],{},[1980,5393,2000],{"stretchy":1985},[2002,5395,5396],{"encoding":2004},"U_H(q, \\alpha) = p_H \\cdot u(W - D + \\alpha - q) + (1-p_H) \\cdot u(W - q)",[1957,5398,5400,5475,5531,5555,5574,5593,5614,5635,5693,5717],{"className":5399,"ariaHidden":1993},[2009],[1957,5401,5403,5406,5448,5451,5454,5457,5460,5463,5466,5469,5472],{"className":5402},[2013],[1957,5404],{"className":5405,"style":2042},[2017],[1957,5407,5409,5413],{"className":5408},[2022],[1957,5410,5321],{"className":5411,"style":5412},[2022,2023],"margin-right:0.109em;",[1957,5414,5416],{"className":5415},[2185],[1957,5417,5419,5440],{"className":5418},[2189,2190],[1957,5420,5422,5437],{"className":5421},[2194],[1957,5423,5425],{"className":5424,"style":4703},[2198],[1957,5426,5428,5431],{"style":5427},"top:-2.55em;margin-left:-0.109em;margin-right:0.05em;",[1957,5429],{"className":5430,"style":2207},[2206],[1957,5432,5434],{"className":5433},[2211,2212,2213,2214],[1957,5435,2152],{"className":5436,"style":2218},[2022,2023,2214],[1957,5438,2235],{"className":5439},[2234],[1957,5441,5443],{"className":5442},[2194],[1957,5444,5446],{"className":5445,"style":4725},[2198],[1957,5447],{},[1957,5449,1986],{"className":5450},[2046],[1957,5452,5048],{"className":5453,"style":2181},[2022,2023],[1957,5455,1994],{"className":5456},[2053],[1957,5458],{"className":5459,"style":2057},[2027],[1957,5461,5053],{"className":5462,"style":5083},[2022,2023],[1957,5464,2000],{"className":5465},[2064],[1957,5467],{"className":5468,"style":2028},[2027],[1957,5470,2158],{"className":5471},[2032],[1957,5473],{"className":5474,"style":2028},[2027],[1957,5476,5478,5482,5522,5525,5528],{"className":5477},[2013],[1957,5479],{"className":5480,"style":5481},[2017],"height:0.6389em;vertical-align:-0.1944em;",[1957,5483,5485,5488],{"className":5484},[2022],[1957,5486,1798],{"className":5487},[2022,2023],[1957,5489,5491],{"className":5490},[2185],[1957,5492,5494,5514],{"className":5493},[2189,2190],[1957,5495,5497,5511],{"className":5496},[2194],[1957,5498,5500],{"className":5499,"style":4703},[2198],[1957,5501,5502,5505],{"style":4706},[1957,5503],{"className":5504,"style":2207},[2206],[1957,5506,5508],{"className":5507},[2211,2212,2213,2214],[1957,5509,2152],{"className":5510,"style":2218},[2022,2023,2214],[1957,5512,2235],{"className":5513},[2234],[1957,5515,5517],{"className":5516},[2194],[1957,5518,5520],{"className":5519,"style":4725},[2198],[1957,5521],{},[1957,5523],{"className":5524,"style":2104},[2027],[1957,5526,3031],{"className":5527},[2108],[1957,5529],{"className":5530,"style":2104},[2027],[1957,5532,5534,5537,5540,5543,5546,5549,5552],{"className":5533},[2013],[1957,5535],{"className":5536,"style":2042},[2017],[1957,5538,5221],{"className":5539},[2022,2023],[1957,5541,1986],{"className":5542},[2046],[1957,5544,4982],{"className":5545,"style":4997},[2022,2023],[1957,5547],{"className":5548,"style":2104},[2027],[1957,5550,2082],{"className":5551},[2108],[1957,5553],{"className":5554,"style":2104},[2027],[1957,5556,5558,5562,5565,5568,5571],{"className":5557},[2013],[1957,5559],{"className":5560,"style":5561},[2017],"height:0.7667em;vertical-align:-0.0833em;",[1957,5563,5013],{"className":5564,"style":5028},[2022,2023],[1957,5566],{"className":5567,"style":2104},[2027],[1957,5569,3006],{"className":5570},[2108],[1957,5572],{"className":5573,"style":2104},[2027],[1957,5575,5577,5581,5584,5587,5590],{"className":5576},[2013],[1957,5578],{"className":5579,"style":5580},[2017],"height:0.6667em;vertical-align:-0.0833em;",[1957,5582,5053],{"className":5583,"style":5083},[2022,2023],[1957,5585],{"className":5586,"style":2104},[2027],[1957,5588,2082],{"className":5589},[2108],[1957,5591],{"className":5592,"style":2104},[2027],[1957,5594,5596,5599,5602,5605,5608,5611],{"className":5595},[2013],[1957,5597],{"className":5598,"style":2042},[2017],[1957,5600,5048],{"className":5601,"style":2181},[2022,2023],[1957,5603,2000],{"className":5604},[2064],[1957,5606],{"className":5607,"style":2104},[2027],[1957,5609,3006],{"className":5610},[2108],[1957,5612],{"className":5613,"style":2104},[2027],[1957,5615,5617,5620,5623,5626,5629,5632],{"className":5616},[2013],[1957,5618],{"className":5619,"style":2042},[2017],[1957,5621,1986],{"className":5622},[2046],[1957,5624,1997],{"className":5625},[2022],[1957,5627],{"className":5628,"style":2104},[2027],[1957,5630,2082],{"className":5631},[2108],[1957,5633],{"className":5634,"style":2104},[2027],[1957,5636,5638,5641,5681,5684,5687,5690],{"className":5637},[2013],[1957,5639],{"className":5640,"style":2042},[2017],[1957,5642,5644,5647],{"className":5643},[2022],[1957,5645,1798],{"className":5646},[2022,2023],[1957,5648,5650],{"className":5649},[2185],[1957,5651,5653,5673],{"className":5652},[2189,2190],[1957,5654,5656,5670],{"className":5655},[2194],[1957,5657,5659],{"className":5658,"style":4703},[2198],[1957,5660,5661,5664],{"style":4706},[1957,5662],{"className":5663,"style":2207},[2206],[1957,5665,5667],{"className":5666},[2211,2212,2213,2214],[1957,5668,2152],{"className":5669,"style":2218},[2022,2023,2214],[1957,5671,2235],{"className":5672},[2234],[1957,5674,5676],{"className":5675},[2194],[1957,5677,5679],{"className":5678,"style":4725},[2198],[1957,5680],{},[1957,5682,2000],{"className":5683},[2064],[1957,5685],{"className":5686,"style":2104},[2027],[1957,5688,3031],{"className":5689},[2108],[1957,5691],{"className":5692,"style":2104},[2027],[1957,5694,5696,5699,5702,5705,5708,5711,5714],{"className":5695},[2013],[1957,5697],{"className":5698,"style":2042},[2017],[1957,5700,5221],{"className":5701},[2022,2023],[1957,5703,1986],{"className":5704},[2046],[1957,5706,4982],{"className":5707,"style":4997},[2022,2023],[1957,5709],{"className":5710,"style":2104},[2027],[1957,5712,2082],{"className":5713},[2108],[1957,5715],{"className":5716,"style":2104},[2027],[1957,5718,5720,5723,5726],{"className":5719},[2013],[1957,5721],{"className":5722,"style":2042},[2017],[1957,5724,5048],{"className":5725,"style":2181},[2022,2023],[1957,5727,2000],{"className":5728},[2064],[1808,5730,5731,5732],{},"低风险类型：",[1957,5733,5735,5823],{"className":5734},[1960],[1957,5736,5738],{"className":5737},[1964],[1966,5739,5740],{"xmlns":1968},[1970,5741,5742,5820],{},[1973,5743,5744,5750,5752,5754,5756,5758,5760,5762,5768,5770,5772,5774,5776,5778,5780,5782,5784,5786,5788,5790,5792,5794,5796,5798,5804,5806,5808,5810,5812,5814,5816,5818],{},[4667,5745,5746,5748],{},[1976,5747,5321],{},[1976,5749,2285],{},[1980,5751,1986],{"stretchy":1985},[1976,5753,5048],{},[1980,5755,1994],{"separator":1993},[1976,5757,5053],{},[1980,5759,2000],{"stretchy":1985},[1980,5761,2158],{},[4667,5763,5764,5766],{},[1976,5765,1798],{},[1976,5767,2285],{},[1980,5769,3031],{},[1976,5771,5221],{},[1980,5773,1986],{"stretchy":1985},[1976,5775,4982],{},[1980,5777,2082],{},[1976,5779,5013],{},[1980,5781,3006],{},[1976,5783,5053],{},[1980,5785,2082],{},[1976,5787,5048],{},[1980,5789,2000],{"stretchy":1985},[1980,5791,3006],{},[1980,5793,1986],{"stretchy":1985},[1988,5795,1997],{},[1980,5797,2082],{},[4667,5799,5800,5802],{},[1976,5801,1798],{},[1976,5803,2285],{},[1980,5805,2000],{"stretchy":1985},[1980,5807,3031],{},[1976,5809,5221],{},[1980,5811,1986],{"stretchy":1985},[1976,5813,4982],{},[1980,5815,2082],{},[1976,5817,5048],{},[1980,5819,2000],{"stretchy":1985},[2002,5821,5822],{"encoding":2004},"U_L(q, \\alpha) = p_L \\cdot u(W - D + \\alpha - q) + (1-p_L) \\cdot u(W - q)",[1957,5824,5826,5899,5954,5978,5996,6014,6035,6056,6114,6138],{"className":5825,"ariaHidden":1993},[2009],[1957,5827,5829,5832,5872,5875,5878,5881,5884,5887,5890,5893,5896],{"className":5828},[2013],[1957,5830],{"className":5831,"style":2042},[2017],[1957,5833,5835,5838],{"className":5834},[2022],[1957,5836,5321],{"className":5837,"style":5412},[2022,2023],[1957,5839,5841],{"className":5840},[2185],[1957,5842,5844,5864],{"className":5843},[2189,2190],[1957,5845,5847,5861],{"className":5846},[2194],[1957,5848,5850],{"className":5849,"style":4703},[2198],[1957,5851,5852,5855],{"style":5427},[1957,5853],{"className":5854,"style":2207},[2206],[1957,5856,5858],{"className":5857},[2211,2212,2213,2214],[1957,5859,2285],{"className":5860},[2022,2023,2214],[1957,5862,2235],{"className":5863},[2234],[1957,5865,5867],{"className":5866},[2194],[1957,5868,5870],{"className":5869,"style":4725},[2198],[1957,5871],{},[1957,5873,1986],{"className":5874},[2046],[1957,5876,5048],{"className":5877,"style":2181},[2022,2023],[1957,5879,1994],{"className":5880},[2053],[1957,5882],{"className":5883,"style":2057},[2027],[1957,5885,5053],{"className":5886,"style":5083},[2022,2023],[1957,5888,2000],{"className":5889},[2064],[1957,5891],{"className":5892,"style":2028},[2027],[1957,5894,2158],{"className":5895},[2032],[1957,5897],{"className":5898,"style":2028},[2027],[1957,5900,5902,5905,5945,5948,5951],{"className":5901},[2013],[1957,5903],{"className":5904,"style":5481},[2017],[1957,5906,5908,5911],{"className":5907},[2022],[1957,5909,1798],{"className":5910},[2022,2023],[1957,5912,5914],{"className":5913},[2185],[1957,5915,5917,5937],{"className":5916},[2189,2190],[1957,5918,5920,5934],{"className":5919},[2194],[1957,5921,5923],{"className":5922,"style":4703},[2198],[1957,5924,5925,5928],{"style":4706},[1957,5926],{"className":5927,"style":2207},[2206],[1957,5929,5931],{"className":5930},[2211,2212,2213,2214],[1957,5932,2285],{"className":5933},[2022,2023,2214],[1957,5935,2235],{"className":5936},[2234],[1957,5938,5940],{"className":5939},[2194],[1957,5941,5943],{"className":5942,"style":4725},[2198],[1957,5944],{},[1957,5946],{"className":5947,"style":2104},[2027],[1957,5949,3031],{"className":5950},[2108],[1957,5952],{"className":5953,"style":2104},[2027],[1957,5955,5957,5960,5963,5966,5969,5972,5975],{"className":5956},[2013],[1957,5958],{"className":5959,"style":2042},[2017],[1957,5961,5221],{"className":5962},[2022,2023],[1957,5964,1986],{"className":5965},[2046],[1957,5967,4982],{"className":5968,"style":4997},[2022,2023],[1957,5970],{"className":5971,"style":2104},[2027],[1957,5973,2082],{"className":5974},[2108],[1957,5976],{"className":5977,"style":2104},[2027],[1957,5979,5981,5984,5987,5990,5993],{"className":5980},[2013],[1957,5982],{"className":5983,"style":5561},[2017],[1957,5985,5013],{"className":5986,"style":5028},[2022,2023],[1957,5988],{"className":5989,"style":2104},[2027],[1957,5991,3006],{"className":5992},[2108],[1957,5994],{"className":5995,"style":2104},[2027],[1957,5997,5999,6002,6005,6008,6011],{"className":5998},[2013],[1957,6000],{"className":6001,"style":5580},[2017],[1957,6003,5053],{"className":6004,"style":5083},[2022,2023],[1957,6006],{"className":6007,"style":2104},[2027],[1957,6009,2082],{"className":6010},[2108],[1957,6012],{"className":6013,"style":2104},[2027],[1957,6015,6017,6020,6023,6026,6029,6032],{"className":6016},[2013],[1957,6018],{"className":6019,"style":2042},[2017],[1957,6021,5048],{"className":6022,"style":2181},[2022,2023],[1957,6024,2000],{"className":6025},[2064],[1957,6027],{"className":6028,"style":2104},[2027],[1957,6030,3006],{"className":6031},[2108],[1957,6033],{"className":6034,"style":2104},[2027],[1957,6036,6038,6041,6044,6047,6050,6053],{"className":6037},[2013],[1957,6039],{"className":6040,"style":2042},[2017],[1957,6042,1986],{"className":6043},[2046],[1957,6045,1997],{"className":6046},[2022],[1957,6048],{"className":6049,"style":2104},[2027],[1957,6051,2082],{"className":6052},[2108],[1957,6054],{"className":6055,"style":2104},[2027],[1957,6057,6059,6062,6102,6105,6108,6111],{"className":6058},[2013],[1957,6060],{"className":6061,"style":2042},[2017],[1957,6063,6065,6068],{"className":6064},[2022],[1957,6066,1798],{"className":6067},[2022,2023],[1957,6069,6071],{"className":6070},[2185],[1957,6072,6074,6094],{"className":6073},[2189,2190],[1957,6075,6077,6091],{"className":6076},[2194],[1957,6078,6080],{"className":6079,"style":4703},[2198],[1957,6081,6082,6085],{"style":4706},[1957,6083],{"className":6084,"style":2207},[2206],[1957,6086,6088],{"className":6087},[2211,2212,2213,2214],[1957,6089,2285],{"className":6090},[2022,2023,2214],[1957,6092,2235],{"className":6093},[2234],[1957,6095,6097],{"className":6096},[2194],[1957,6098,6100],{"className":6099,"style":4725},[2198],[1957,6101],{},[1957,6103,2000],{"className":6104},[2064],[1957,6106],{"className":6107,"style":2104},[2027],[1957,6109,3031],{"className":6110},[2108],[1957,6112],{"className":6113,"style":2104},[2027],[1957,6115,6117,6120,6123,6126,6129,6132,6135],{"className":6116},[2013],[1957,6118],{"className":6119,"style":2042},[2017],[1957,6121,5221],{"className":6122},[2022,2023],[1957,6124,1986],{"className":6125},[2046],[1957,6127,4982],{"className":6128,"style":4997},[2022,2023],[1957,6130],{"className":6131,"style":2104},[2027],[1957,6133,2082],{"className":6134},[2108],[1957,6136],{"className":6137,"style":2104},[2027],[1957,6139,6141,6144,6147],{"className":6140},[2013],[1957,6142],{"className":6143,"style":2042},[2017],[1957,6145,5048],{"className":6146,"style":2181},[2022,2023],[1957,6148,2000],{"className":6149},[2064],[1798,6151,6152,1944],{},[1845,6153,6154],{},"保险公司零利润条件",[1805,6156,6157,6359],{},[1808,6158,6159,6160],{},"对高风险客户：",[1957,6161,6163,6197],{"className":6162},[1960],[1957,6164,6166],{"className":6165},[1964],[1966,6167,6168],{"xmlns":1968},[1970,6169,6170,6194],{},[1973,6171,6172,6178,6180,6186,6188],{},[4667,6173,6174,6176],{},[1976,6175,5048],{},[1976,6177,2152],{},[1980,6179,2158],{},[4667,6181,6182,6184],{},[1976,6183,1798],{},[1976,6185,2152],{},[1980,6187,3031],{},[4667,6189,6190,6192],{},[1976,6191,5053],{},[1976,6193,2152],{},[2002,6195,6196],{"encoding":2004},"q_H = p_H \\cdot \\alpha_H",[1957,6198,6200,6256,6311],{"className":6199,"ariaHidden":1993},[2009],[1957,6201,6203,6206,6247,6250,6253],{"className":6202},[2013],[1957,6204],{"className":6205,"style":2954},[2017],[1957,6207,6209,6212],{"className":6208},[2022],[1957,6210,5048],{"className":6211,"style":2181},[2022,2023],[1957,6213,6215],{"className":6214},[2185],[1957,6216,6218,6239],{"className":6217},[2189,2190],[1957,6219,6221,6236],{"className":6220},[2194],[1957,6222,6224],{"className":6223,"style":4703},[2198],[1957,6225,6227,6230],{"style":6226},"top:-2.55em;margin-left:-0.0359em;margin-right:0.05em;",[1957,6228],{"className":6229,"style":2207},[2206],[1957,6231,6233],{"className":6232},[2211,2212,2213,2214],[1957,6234,2152],{"className":6235,"style":2218},[2022,2023,2214],[1957,6237,2235],{"className":6238},[2234],[1957,6240,6242],{"className":6241},[2194],[1957,6243,6245],{"className":6244,"style":4725},[2198],[1957,6246],{},[1957,6248],{"className":6249,"style":2028},[2027],[1957,6251,2158],{"className":6252},[2032],[1957,6254],{"className":6255,"style":2028},[2027],[1957,6257,6259,6262,6302,6305,6308],{"className":6258},[2013],[1957,6260],{"className":6261,"style":5481},[2017],[1957,6263,6265,6268],{"className":6264},[2022],[1957,6266,1798],{"className":6267},[2022,2023],[1957,6269,6271],{"className":6270},[2185],[1957,6272,6274,6294],{"className":6273},[2189,2190],[1957,6275,6277,6291],{"className":6276},[2194],[1957,6278,6280],{"className":6279,"style":4703},[2198],[1957,6281,6282,6285],{"style":4706},[1957,6283],{"className":6284,"style":2207},[2206],[1957,6286,6288],{"className":6287},[2211,2212,2213,2214],[1957,6289,2152],{"className":6290,"style":2218},[2022,2023,2214],[1957,6292,2235],{"className":6293},[2234],[1957,6295,6297],{"className":6296},[2194],[1957,6298,6300],{"className":6299,"style":4725},[2198],[1957,6301],{},[1957,6303],{"className":6304,"style":2104},[2027],[1957,6306,3031],{"className":6307},[2108],[1957,6309],{"className":6310,"style":2104},[2027],[1957,6312,6314,6318],{"className":6313},[2013],[1957,6315],{"className":6316,"style":6317},[2017],"height:0.5806em;vertical-align:-0.15em;",[1957,6319,6321,6324],{"className":6320},[2022],[1957,6322,5053],{"className":6323,"style":5083},[2022,2023],[1957,6325,6327],{"className":6326},[2185],[1957,6328,6330,6351],{"className":6329},[2189,2190],[1957,6331,6333,6348],{"className":6332},[2194],[1957,6334,6336],{"className":6335,"style":4703},[2198],[1957,6337,6339,6342],{"style":6338},"top:-2.55em;margin-left:-0.0037em;margin-right:0.05em;",[1957,6340],{"className":6341,"style":2207},[2206],[1957,6343,6345],{"className":6344},[2211,2212,2213,2214],[1957,6346,2152],{"className":6347,"style":2218},[2022,2023,2214],[1957,6349,2235],{"className":6350},[2234],[1957,6352,6354],{"className":6353},[2194],[1957,6355,6357],{"className":6356,"style":4725},[2198],[1957,6358],{},[1808,6360,6361,6362],{},"对低风险客户：",[1957,6363,6365,6399],{"className":6364},[1960],[1957,6366,6368],{"className":6367},[1964],[1966,6369,6370],{"xmlns":1968},[1970,6371,6372,6396],{},[1973,6373,6374,6380,6382,6388,6390],{},[4667,6375,6376,6378],{},[1976,6377,5048],{},[1976,6379,2285],{},[1980,6381,2158],{},[4667,6383,6384,6386],{},[1976,6385,1798],{},[1976,6387,2285],{},[1980,6389,3031],{},[4667,6391,6392,6394],{},[1976,6393,5053],{},[1976,6395,2285],{},[2002,6397,6398],{"encoding":2004},"q_L = p_L \\cdot 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空间）：",[1957,6617,6619],{"className":6618},[2962],[1957,6620,6622,6777],{"className":6621},[1960],[1957,6623,6625],{"className":6624},[1964],[1966,6626,6627],{"xmlns":1968,"display":2971},[1970,6628,6629,6774],{},[1973,6630,6631,6646,6666,6668],{},[3568,6632,6633,6640],{},[1973,6634,6635,6638],{},[1976,6636,6637],{},"d",[1976,6639,5048],{},[1973,6641,6642,6644],{},[1976,6643,6637],{},[1976,6645,5053],{},[4667,6647,6648,6652],{},[1980,6649,6651],{"fence":1985,"stretchy":1993,"minsize":6650,"maxsize":6650},"1.8em","∣",[1973,6653,6654,6656,6658],{},[1976,6655,5321],{},[1980,6657,2158],{},[6659,6660,6661,6663],"mover",{"accent":1993},[1976,6662,5321],{},[1980,6664,6665],{},"ˉ",[1980,6667,2158],{},[3568,6669,6670,6706],{},[1973,6671,6672,6679,6681,6688,6690,6692,6694,6696,6698,6700,6702,6704],{},[4667,6673,6674,6676],{},[1976,6675,1798],{},[1976,6677,6678],{},"i",[1980,6680,3031],{},[2983,6682,6683,6685],{},[1976,6684,5221],{},[1980,6686,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},"0em",[1980,6689,1986],{"stretchy":1985},[1976,6691,4982],{},[1980,6693,2082],{},[1976,6695,5013],{},[1980,6697,3006],{},[1976,6699,5053],{},[1980,6701,2082],{},[1976,6703,5048],{},[1980,6705,2000],{"stretchy":1985},[1973,6707,6708,6714,6716,6722,6724,6726,6728,6730,6732,6734,6736,6738,6740,6742,6744,6746,6748,6754,6756,6758,6764,6766,6768,6770,6772],{},[4667,6709,6710,6712],{},[1976,6711,1798],{},[1976,6713,6678],{},[1980,6715,3031],{},[2983,6717,6718,6720],{},[1976,6719,5221],{},[1980,6721,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,6723,1986],{"stretchy":1985},[1976,6725,4982],{},[1980,6727,2082],{},[1976,6729,5013],{},[1980,6731,3006],{},[1976,6733,5053],{},[1980,6735,2082],{},[1976,6737,5048],{},[1980,6739,2000],{"stretchy":1985},[1980,6741,3006],{},[1980,6743,1986],{"stretchy":1985},[1988,6745,1997],{},[1980,6747,2082],{},[4667,6749,6750,6752],{},[1976,6751,1798],{},[1976,6753,6678],{},[1980,6755,2000],{"stretchy":1985},[1980,6757,3031],{},[2983,6759,6760,6762],{},[1976,6761,5221],{},[1980,6763,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,6765,1986],{"stretchy":1985},[1976,6767,4982],{},[1980,6769,2082],{},[1976,6771,5048],{},[1980,6773,2000],{"stretchy":1985},[2002,6775,6776],{"encoding":2004},"\\frac{dq}{d\\alpha}\\Big|_{U=\\bar{U}} = \\frac{p_i \\cdot u'(W-D+\\alpha-q)}{p_i \\cdot u'(W-D+\\alpha-q) + (1-p_i) \\cdot u'(W-q)}",[1957,6778,6780,7001],{"className":6779,"ariaHidden":1993},[2009],[1957,6781,6783,6787,6859,6992,6995,6998],{"className":6782},[2013],[1957,6784],{"className":6785,"style":6786},[2017],"height:2.0712em;vertical-align:-0.6997em;",[1957,6788,6790,6793,6856],{"className":6789},[2022],[1957,6791],{"className":6792},[2046,3633],[1957,6794,6796],{"className":6795},[3568],[1957,6797,6799,6847],{"className":6798},[2189,2190],[1957,6800,6802,6844],{"className":6801},[2194],[1957,6803,6806,6821,6829],{"className":6804,"style":6805},[2198],"height:1.3714em;",[1957,6807,6809,6812],{"style":6808},"top:-2.314em;",[1957,6810],{"className":6811,"style":3653},[2206],[1957,6813,6815,6818],{"className":6814},[2022],[1957,6816,6637],{"className":6817},[2022,2023],[1957,6819,5053],{"className":6820,"style":5083},[2022,2023],[1957,6822,6823,6826],{"style":3671},[1957,6824],{"className":6825,"style":3653},[2206],[1957,6827],{"className":6828,"style":3679},[3678],[1957,6830,6832,6835],{"style":6831},"top:-3.677em;",[1957,6833],{"className":6834,"style":3653},[2206],[1957,6836,6838,6841],{"className":6837},[2022],[1957,6839,6637],{"className":6840},[2022,2023],[1957,6842,5048],{"className":6843,"style":2181},[2022,2023],[1957,6845,2235],{"className":6846},[2234],[1957,6848,6850],{"className":6849},[2194],[1957,6851,6854],{"className":6852,"style":6853},[2198],"height:0.686em;",[1957,6855],{},[1957,6857],{"className":6858},[2064,3633],[1957,6860,6862,6912],{"className":6861},[2022],[1957,6863,6865],{"className":6864},[2022],[1957,6866,6870],{"className":6867},[6868,6869],"delimsizing","mult",[1957,6871,6873,6903],{"className":6872},[2189,2190],[1957,6874,6876,6900],{"className":6875},[2194],[1957,6877,6880],{"className":6878,"style":6879},[2198],"height:1.15em;",[1957,6881,6883,6887],{"style":6882},"top:-3.15em;",[1957,6884],{"className":6885,"style":6886},[2206],"height:3.8em;",[1957,6888,6890],{"style":6889},"width:0.333em;height:1.8em;",[6891,6892,6896],"svg",{"xmlns":6893,"width":6894,"height":6650,"viewBox":6895},"http:\u002F\u002Fwww.w3.org\u002F2000\u002Fsvg","0.333em","0 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p_i",[1957,7614,7616,7822],{"className":7615,"ariaHidden":1993},[2009],[1957,7617,7619,7623,7691,7813,7816,7819],{"className":7618},[2013],[1957,7620],{"className":7621,"style":7622},[2017],"height:2.2073em;vertical-align:-0.8358em;",[1957,7624,7626,7629,7688],{"className":7625},[2022],[1957,7627],{"className":7628},[2046,3633],[1957,7630,7632],{"className":7631},[3568],[1957,7633,7635,7680],{"className":7634},[2189,2190],[1957,7636,7638,7677],{"className":7637},[2194],[1957,7639,7641,7655,7663],{"className":7640,"style":6805},[2198],[1957,7642,7643,7646],{"style":6808},[1957,7644],{"className":7645,"style":3653},[2206],[1957,7647,7649,7652],{"className":7648},[2022],[1957,7650,6637],{"className":7651},[2022,2023],[1957,7653,5053],{"className":7654,"style":5083},[2022,2023],[1957,7656,7657,7660],{"style":3671},[1957,7658],{"className":7659,"style":3653},[2206],[1957,7661],{"className":7662,"style":3679},[3678],[1957,7664,7665,7668],{"style":6831},[1957,7666],{"className":7667,"style":3653},[2206],[1957,7669,7671,7674],{"className":7670},[2022],[1957,7672,6637],{"className":7673},[2022,2023],[1957,7675,5048],{"className":7676,"style":2181},[2022,2023],[1957,7678,2235],{"className":7679},[2234],[1957,7681,7683],{"className":7682},[2194],[1957,7684,7686],{"className":7685,"style":6853},[2198],[1957,7687],{},[1957,7689],{"className":7690},[2064,3633],[1957,7692,7694,7731],{"className":7693},[2022],[1957,7695,7697],{"className":7696},[2022],[1957,7698,7700],{"className":7699},[6868,6869],[1957,7701,7703,7723],{"className":7702},[2189,2190],[1957,7704,7706,7720],{"className":7705},[2194],[1957,7707,7709],{"className":7708,"style":6879},[2198],[1957,7710,7711,7714],{"style":6882},[1957,7712],{"className":7713,"style":6886},[2206],[1957,7715,7716],{"style":6889},[6891,7717,7718],{"xmlns":6893,"width":6894,"height":6650,"viewBox":6895},[6897,7719],{"d":6899},[1957,7721,2235],{"className":7722},[2234],[1957,7724,7726],{"className":7725},[2194],[1957,7727,7729],{"className":7728,"style":6909},[2198],[1957,7730],{},[1957,7732,7734],{"className":7733},[2185],[1957,7735,7737,7804],{"className":7736},[2189,2190],[1957,7738,7740,7801],{"className":7739},[2194],[1957,7741,7743],{"className":7742,"style":6924},[2198],[1957,7744,7745,7748],{"style":6927},[1957,7746],{"className":7747,"style":2207},[2206],[1957,7749,7751],{"className":7750},[2211,2212,2213,2214],[1957,7752,7754,7757,7760,7791,7794],{"className":7753},[2022,2214],[1957,7755,5321],{"className":7756,"style":5412},[2022,2023,2214],[1957,7758,2158],{"className":7759},[2032,2214],[1957,7761,7763],{"className":7762},[2022,6946,2214],[1957,7764,7766],{"className":7765},[2189],[1957,7767,7769],{"className":7768},[2194],[1957,7770,7772,7780],{"className":7771,"style":6956},[2198],[1957,7773,7774,7777],{"style":6959},[1957,7775],{"className":7776,"style":2207},[2206],[1957,7778,5321],{"className":7779,"style":5412},[2022,2023,2214],[1957,7781,7782,7785],{"style":6968},[1957,7783],{"className":7784,"style":2207},[2206],[1957,7786,7788],{"className":7787,"style":6976},[6975],[1957,7789,6665],{"className":7790},[2022,2214],[1957,7792,1994],{"className":7793},[2053,2214],[1957,7795,7798],{"className":7796},[2022,7797,2214],"text",[1957,7799,7601],{"className":7800},[2022,2214],[1957,7802,2235],{"className":7803},[2234],[1957,7805,7807],{"className":7806},[2194],[1957,7808,7811],{"className":7809,"style":7810},[2198],"height:0.8358em;",[1957,7812],{},[1957,7814],{"className":7815,"style":2028},[2027],[1957,7817,2158],{"className":7818},[2032],[1957,7820],{"className":7821,"style":2028},[2027],[1957,7823,7825,7828],{"className":7824},[2013],[1957,7826],{"className":7827,"style":2954},[2017],[1957,7829,7831,7834],{"className":7830},[2022],[1957,7832,1798],{"className":7833},[2022,2023],[1957,7835,7837],{"className":7836},[2185],[1957,7838,7840,7860],{"className":7839},[2189,2190],[1957,7841,7843,7857],{"className":7842},[2194],[1957,7844,7846],{"className":7845,"style":7053},[2198],[1957,7847,7848,7851],{"style":4706},[1957,7849],{"className":7850,"style":2207},[2206],[1957,7852,7854],{"className":7853},[2211,2212,2213,2214],[1957,7855,6678],{"className":7856},[2022,2023,2214],[1957,7858,2235],{"className":7859},[2234],[1957,7861,7863],{"className":7862},[2194],[1957,7864,7866],{"className":7865,"style":4725},[2198],[1957,7867],{},[1798,7869,7870,7873,7874,7877,7878,8010],{},[1845,7871,7872],{},"关键性质","：高风险类型的无差异曲线",[1845,7875,7876],{},"更陡","（",[1957,7879,7881,7906],{"className":7880},[1960],[1957,7882,7884],{"className":7883},[1964],[1966,7885,7886],{"xmlns":1968},[1970,7887,7888,7904],{},[1973,7889,7890,7896,7898],{},[4667,7891,7892,7894],{},[1976,7893,1798],{},[1976,7895,2152],{},[1980,7897,2620],{},[4667,7899,7900,7902],{},[1976,7901,1798],{},[1976,7903,2285],{},[2002,7905,4856],{"encoding":2004},[1957,7907,7909,7964],{"className":7908,"ariaHidden":1993},[2009],[1957,7910,7912,7915,7955,7958,7961],{"className":7911},[2013],[1957,7913],{"className":7914,"style":4866},[2017],[1957,7916,7918,7921],{"className":7917},[2022],[1957,7919,1798],{"className":7920},[2022,2023],[1957,7922,7924],{"className":7923},[2185],[1957,7925,7927,7947],{"className":7926},[2189,2190],[1957,7928,7930,7944],{"className":7929},[2194],[1957,7931,7933],{"className":7932,"style":4703},[2198],[1957,7934,7935,7938],{"style":4706},[1957,7936],{"className":7937,"style":2207},[2206],[1957,7939,7941],{"className":7940},[2211,2212,2213,2214],[1957,7942,2152],{"className":7943,"style":2218},[2022,2023,2214],[1957,7945,2235],{"className":7946},[2234],[1957,7948,7950],{"className":7949},[2194],[1957,7951,7953],{"className":7952,"style":4725},[2198],[1957,7954],{},[1957,7956],{"className":7957,"style":2028},[2027],[1957,7959,2620],{"className":7960},[2032],[1957,7962],{"className":7963,"style":2028},[2027],[1957,7965,7967,7970],{"className":7966},[2013],[1957,7968],{"className":7969,"style":2954},[2017],[1957,7971,7973,7976],{"className":7972},[2022],[1957,7974,1798],{"className":7975},[2022,2023],[1957,7977,7979],{"className":7978},[2185],[1957,7980,7982,8002],{"className":7981},[2189,2190],[1957,7983,7985,7999],{"className":7984},[2194],[1957,7986,7988],{"className":7987,"style":4703},[2198],[1957,7989,7990,7993],{"style":4706},[1957,7991],{"className":7992,"style":2207},[2206],[1957,7994,7996],{"className":7995},[2211,2212,2213,2214],[1957,7997,2285],{"className":7998},[2022,2023,2214],[1957,8000,2235],{"className":8001},[2234],[1957,8003,8005],{"className":8004},[2194],[1957,8006,8008],{"className":8007,"style":4725},[2198],[1957,8009],{},"），即在同一点处：",[1957,8012,8014],{"className":8013},[2962],[1957,8015,8017,8071],{"className":8016},[1960],[1957,8018,8020],{"className":8019},[1964],[1966,8021,8022],{"xmlns":1968,"display":2971},[1970,8023,8024,8068],{},[1973,8025,8026,8040,8046,8048,8062],{},[3568,8027,8028,8034],{},[1973,8029,8030,8032],{},[1976,8031,6637],{},[1976,8033,5048],{},[1973,8035,8036,8038],{},[1976,8037,6637],{},[1976,8039,5053],{},[4667,8041,8042,8044],{},[1980,8043,6651],{"fence":1985,"stretchy":1993,"minsize":6650,"maxsize":6650},[1976,8045,2152],{},[1980,8047,2620],{},[3568,8049,8050,8056],{},[1973,8051,8052,8054],{},[1976,8053,6637],{},[1976,8055,5048],{},[1973,8057,8058,8060],{},[1976,8059,6637],{},[1976,8061,5053],{},[4667,8063,8064,8066],{},[1980,8065,6651],{"fence":1985,"stretchy":1993,"minsize":6650,"maxsize":6650},[1976,8067,2285],{},[2002,8069,8070],{"encoding":2004},"\\frac{dq}{d\\alpha}\\Big|_{H} > \\frac{dq}{d\\alpha}\\Big|_{L}",[1957,8072,8074,8235],{"className":8073,"ariaHidden":1993},[2009],[1957,8075,8077,8080,8148,8226,8229,8232],{"className":8076},[2013],[1957,8078],{"className":8079,"style":6786},[2017],[1957,8081,8083,8086,8145],{"className":8082},[2022],[1957,8084],{"className":8085},[2046,3633],[1957,8087,8089],{"className":8088},[3568],[1957,8090,8092,8137],{"className":8091},[2189,2190],[1957,8093,8095,8134],{"className":8094},[2194],[1957,8096,8098,8112,8120],{"className":8097,"style":6805},[2198],[1957,8099,8100,8103],{"style":6808},[1957,8101],{"className":8102,"style":3653},[2206],[1957,8104,8106,8109],{"className":8105},[2022],[1957,8107,6637],{"className":8108},[2022,2023],[1957,8110,5053],{"className":8111,"style":5083},[2022,2023],[1957,8113,8114,8117],{"style":3671},[1957,8115],{"className":8116,"style":3653},[2206],[1957,8118],{"className":8119,"style":3679},[3678],[1957,8121,8122,8125],{"style":6831},[1957,8123],{"className":8124,"style":3653},[2206],[1957,8126,8128,8131],{"className":8127},[2022],[1957,8129,6637],{"className":8130},[2022,2023],[1957,8132,5048],{"className":8133,"style":2181},[2022,2023],[1957,8135,2235],{"className":8136},[2234],[1957,8138,8140],{"className":8139},[2194],[1957,8141,8143],{"className":8142,"style":6853},[2198],[1957,8144],{},[1957,8146],{"className":8147},[2064,3633],[1957,8149,8151,8188],{"className":8150},[2022],[1957,8152,8154],{"className":8153},[2022],[1957,8155,8157],{"className":8156},[6868,6869],[1957,8158,8160,8180],{"className":8159},[2189,2190],[1957,8161,8163,8177],{"className":8162},[2194],[1957,8164,8166],{"className":8165,"style":6879},[2198],[1957,8167,8168,8171],{"style":6882},[1957,8169],{"className":8170,"style":6886},[2206],[1957,8172,8173],{"style":6889},[6891,8174,8175],{"xmlns":6893,"width":6894,"height":6650,"viewBox":6895},[6897,8176],{"d":6899},[1957,8178,2235],{"className":8179},[2234],[1957,8181,8183],{"className":8182},[2194],[1957,8184,8186],{"className":8185,"style":6909},[2198],[1957,8187],{},[1957,8189,8191],{"className":8190},[2185],[1957,8192,8194,8218],{"className":8193},[2189,2190],[1957,8195,8197,8215],{"className":8196},[2194],[1957,8198,8201],{"className":8199,"style":8200},[2198],"height:-0.2214em;",[1957,8202,8203,8206],{"style":6927},[1957,8204],{"className":8205,"style":2207},[2206],[1957,8207,8209],{"className":8208},[2211,2212,2213,2214],[1957,8210,8212],{"className":8211},[2022,2214],[1957,8213,2152],{"className":8214,"style":2218},[2022,2023,2214],[1957,8216,2235],{"className":8217},[2234],[1957,8219,8221],{"className":8220},[2194],[1957,8222,8224],{"className":8223,"style":6989},[2198],[1957,8225],{},[1957,8227],{"className":8228,"style":2028},[2027],[1957,8230,2620],{"className":8231},[2032],[1957,8233],{"className":8234,"style":2028},[2027],[1957,8236,8238,8241,8309],{"className":8237},[2013],[1957,8239],{"className":8240,"style":6786},[2017],[1957,8242,8244,8247,8306],{"className":8243},[2022],[1957,8245],{"className":8246},[2046,3633],[1957,8248,8250],{"className":8249},[3568],[1957,8251,8253,8298],{"className":8252},[2189,2190],[1957,8254,8256,8295],{"className":8255},[2194],[1957,8257,8259,8273,8281],{"className":8258,"style":6805},[2198],[1957,8260,8261,8264],{"style":6808},[1957,8262],{"className":8263,"style":3653},[2206],[1957,8265,8267,8270],{"className":8266},[2022],[1957,8268,6637],{"className":8269},[2022,2023],[1957,8271,5053],{"className":8272,"style":5083},[2022,2023],[1957,8274,8275,8278],{"style":3671},[1957,8276],{"className":8277,"style":3653},[2206],[1957,8279],{"className":8280,"style":3679},[3678],[1957,8282,8283,8286],{"style":6831},[1957,8284],{"className":8285,"style":3653},[2206],[1957,8287,8289,8292],{"className":8288},[2022],[1957,8290,6637],{"className":8291},[2022,2023],[1957,8293,5048],{"className":8294,"style":2181},[2022,2023],[1957,8296,2235],{"className":8297},[2234],[1957,8299,8301],{"className":8300},[2194],[1957,8302,8304],{"className":8303,"style":6853},[2198],[1957,8305],{},[1957,8307],{"className":8308},[2064,3633],[1957,8310,8312,8349],{"className":8311},[2022],[1957,8313,8315],{"className":8314},[2022],[1957,8316,8318],{"className":8317},[6868,6869],[1957,8319,8321,8341],{"className":8320},[2189,2190],[1957,8322,8324,8338],{"className":8323},[2194],[1957,8325,8327],{"className":8326,"style":6879},[2198],[1957,8328,8329,8332],{"style":6882},[1957,8330],{"className":8331,"style":6886},[2206],[1957,8333,8334],{"style":6889},[6891,8335,8336],{"xmlns":6893,"width":6894,"height":6650,"viewBox":6895},[6897,8337],{"d":6899},[1957,8339,2235],{"className":8340},[2234],[1957,8342,8344],{"className":8343},[2194],[1957,8345,8347],{"className":8346,"style":6909},[2198],[1957,8348],{},[1957,8350,8352],{"className":8351},[2185],[1957,8353,8355,8378],{"className":8354},[2189,2190],[1957,8356,8358,8375],{"className":8357},[2194],[1957,8359,8361],{"className":8360,"style":8200},[2198],[1957,8362,8363,8366],{"style":6927},[1957,8364],{"className":8365,"style":2207},[2206],[1957,8367,8369],{"className":8368},[2211,2212,2213,2214],[1957,8370,8372],{"className":8371},[2022,2214],[1957,8373,2285],{"className":8374},[2022,2023,2214],[1957,8376,2235],{"className":8377},[2234],[1957,8379,8381],{"className":8380},[2194],[1957,8382,8384],{"className":8383,"style":6989},[2198],[1957,8385],{},[1798,8387,8388,8389,8392],{},"这个\"",[1845,8390,8391],{},"单交性 (Single-Crossing Property)","\"是分离均衡存在的关键。",[1798,8394,8395,8398],{},[1845,8396,8397],{},"竞争均衡","（Rothschild-Stiglitz）：",[1887,8400,8401,8924],{},[1808,8402,8403,8406],{},[1845,8404,8405],{},"不存在混同均衡 (Pooling Equilibrium)",[1805,8407,8408,8523,8798,8921],{},[1808,8409,8410,8411],{},"如果两类客户购买同一合同 ",[1957,8412,8414,8444],{"className":8413},[1960],[1957,8415,8417],{"className":8416},[1964],[1966,8418,8419],{"xmlns":1968},[1970,8420,8421,8441],{},[1973,8422,8423,8425,8431,8433,8439],{},[1980,8424,1986],{"stretchy":1985},[2983,8426,8427,8429],{},[1976,8428,5048],{},[1980,8430,4109],{},[1980,8432,1994],{"separator":1993},[2983,8434,8435,8437],{},[1976,8436,5053],{},[1980,8438,4109],{},[1980,8440,2000],{"stretchy":1985},[2002,8442,8443],{"encoding":2004},"(q^*, \\alpha^*)",[1957,8445,8447],{"className":8446,"ariaHidden":1993},[2009],[1957,8448,8450,8453,8456,8485,8488,8491,8520],{"className":8449},[2013],[1957,8451],{"className":8452,"style":2042},[2017],[1957,8454,1986],{"className":8455},[2046],[1957,8457,8459,8462],{"className":8458},[2022],[1957,8460,5048],{"className":8461,"style":2181},[2022,2023],[1957,8463,8465],{"className":8464},[2185],[1957,8466,8468],{"className":8467},[2189],[1957,8469,8471],{"className":8470},[2194],[1957,8472,8474],{"className":8473,"style":4145},[2198],[1957,8475,8476,8479],{"style":2221},[1957,8477],{"className":8478,"style":2207},[2206],[1957,8480,8482],{"className":8481},[2211,2212,2213,2214],[1957,8483,4109],{"className":8484},[2108,2214],[1957,8486,1994],{"className":8487},[2053],[1957,8489],{"className":8490,"style":2057},[2027],[1957,8492,8494,8497],{"className":8493},[2022],[1957,8495,5053],{"className":8496,"style":5083},[2022,2023],[1957,8498,8500],{"className":8499},[2185],[1957,8501,8503],{"className":8502},[2189],[1957,8504,8506],{"className":8505},[2194],[1957,8507,8509],{"className":8508,"style":4145},[2198],[1957,8510,8511,8514],{"style":2221},[1957,8512],{"className":8513,"style":2207},[2206],[1957,8515,8517],{"className":8516},[2211,2212,2213,2214],[1957,8518,4109],{"className":8519},[2108,2214],[1957,8521,2000],{"className":8522},[2064],[1808,8524,8525,8526],{},"保费必须满足：",[1957,8527,8529,8585],{"className":8528},[1960],[1957,8530,8532],{"className":8531},[1964],[1966,8533,8534],{"xmlns":1968},[1970,8535,8536,8582],{},[1973,8537,8538,8544,8546,8548,8550,8556,8558,8560,8562,8564,8566,8568,8574,8576],{},[2983,8539,8540,8542],{},[1976,8541,5048],{},[1980,8543,4109],{},[1980,8545,2158],{},[1980,8547,2981],{"stretchy":1985},[1976,8549,1978],{},[4667,8551,8552,8554],{},[1976,8553,1798],{},[1976,8555,2152],{},[1980,8557,3006],{},[1980,8559,1986],{"stretchy":1985},[1988,8561,1997],{},[1980,8563,2082],{},[1976,8565,1978],{},[1980,8567,2000],{"stretchy":1985},[4667,8569,8570,8572],{},[1976,8571,1798],{},[1976,8573,2285],{},[1980,8575,2991],{"stretchy":1985},[2983,8577,8578,8580],{},[1976,8579,5053],{},[1980,8581,4109],{},[2002,8583,8584],{"encoding":2004},"q^* = [\\lambda p_H + (1-\\lambda) p_L] \\alpha^*",[1957,8586,8588,8632,8693,8714],{"className":8587,"ariaHidden":1993},[2009],[1957,8589,8591,8594,8623,8626,8629],{"className":8590},[2013],[1957,8592],{"className":8593,"style":4126},[2017],[1957,8595,8597,8600],{"className":8596},[2022],[1957,8598,5048],{"className":8599,"style":2181},[2022,2023],[1957,8601,8603],{"className":8602},[2185],[1957,8604,8606],{"className":8605},[2189],[1957,8607,8609],{"className":8608},[2194],[1957,8610,8612],{"className":8611,"style":4145},[2198],[1957,8613,8614,8617],{"style":2221},[1957,8615],{"className":8616,"style":2207},[2206],[1957,8618,8620],{"className":8619},[2211,2212,2213,2214],[1957,8621,4109],{"className":8622},[2108,2214],[1957,8624],{"className":8625,"style":2028},[2027],[1957,8627,2158],{"className":8628},[2032],[1957,8630],{"className":8631,"style":2028},[2027],[1957,8633,8635,8638,8641,8644,8684,8687,8690],{"className":8634},[2013],[1957,8636],{"className":8637,"style":2042},[2017],[1957,8639,2981],{"className":8640},[2046],[1957,8642,1978],{"className":8643},[2022,2023],[1957,8645,8647,8650],{"className":8646},[2022],[1957,8648,1798],{"className":8649},[2022,2023],[1957,8651,8653],{"className":8652},[2185],[1957,8654,8656,8676],{"className":8655},[2189,2190],[1957,8657,8659,8673],{"className":8658},[2194],[1957,8660,8662],{"className":8661,"style":4703},[2198],[1957,8663,8664,8667],{"style":4706},[1957,8665],{"className":8666,"style":2207},[2206],[1957,8668,8670],{"className":8669},[2211,2212,2213,2214],[1957,8671,2152],{"className":8672,"style":2218},[2022,2023,2214],[1957,8674,2235],{"className":8675},[2234],[1957,8677,8679],{"className":8678},[2194],[1957,8680,8682],{"className":8681,"style":4725},[2198],[1957,8683],{},[1957,8685],{"className":8686,"style":2104},[2027],[1957,8688,3006],{"className":8689},[2108],[1957,8691],{"className":8692,"style":2104},[2027],[1957,8694,8696,8699,8702,8705,8708,8711],{"className":8695},[2013],[1957,8697],{"className":8698,"style":2042},[2017],[1957,8700,1986],{"className":8701},[2046],[1957,8703,1997],{"className":8704},[2022],[1957,8706],{"className":8707,"style":2104},[2027],[1957,8709,2082],{"className":8710},[2108],[1957,8712],{"className":8713,"style":2104},[2027],[1957,8715,8717,8720,8723,8726,8766,8769],{"className":8716},[2013],[1957,8718],{"className":8719,"style":2042},[2017],[1957,8721,1978],{"className":8722},[2022,2023],[1957,8724,2000],{"className":8725},[2064],[1957,8727,8729,8732],{"className":8728},[2022],[1957,8730,1798],{"className":8731},[2022,2023],[1957,8733,8735],{"className":8734},[2185],[1957,8736,8738,8758],{"className":8737},[2189,2190],[1957,8739,8741,8755],{"className":8740},[2194],[1957,8742,8744],{"className":8743,"style":4703},[2198],[1957,8745,8746,8749],{"style":4706},[1957,8747],{"className":8748,"style":2207},[2206],[1957,8750,8752],{"className":8751},[2211,2212,2213,2214],[1957,8753,2285],{"className":8754},[2022,2023,2214],[1957,8756,2235],{"className":8757},[2234],[1957,8759,8761],{"className":8760},[2194],[1957,8762,8764],{"className":8763,"style":4725},[2198],[1957,8765],{},[1957,8767,2991],{"className":8768},[2064],[1957,8770,8772,8775],{"className":8771},[2022],[1957,8773,5053],{"className":8774,"style":5083},[2022,2023],[1957,8776,8778],{"className":8777},[2185],[1957,8779,8781],{"className":8780},[2189],[1957,8782,8784],{"className":8783},[2194],[1957,8785,8787],{"className":8786,"style":4145},[2198],[1957,8788,8789,8792],{"style":2221},[1957,8790],{"className":8791,"style":2207},[2206],[1957,8793,8795],{"className":8794},[2211,2212,2213,2214],[1957,8796,4109],{"className":8797},[2108,2214],[1808,8799,8800,8801,8920],{},"但保险公司可以提供一个低赔付、低保费的合同 ",[1957,8802,8804,8834],{"className":8803},[1960],[1957,8805,8807],{"className":8806},[1964],[1966,8808,8809],{"xmlns":1968},[1970,8810,8811,8831],{},[1973,8812,8813,8815,8821,8823,8829],{},[1980,8814,1986],{"stretchy":1985},[2983,8816,8817,8819],{},[1976,8818,5048],{},[1980,8820,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,8822,1994],{"separator":1993},[2983,8824,8825,8827],{},[1976,8826,5053],{},[1980,8828,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,8830,2000],{"stretchy":1985},[2002,8832,8833],{"encoding":2004},"(q', \\alpha')",[1957,8835,8837],{"className":8836,"ariaHidden":1993},[2009],[1957,8838,8840,8844,8847,8879,8882,8885,8917],{"className":8839},[2013],[1957,8841],{"className":8842,"style":8843},[2017],"height:1.0019em;vertical-align:-0.25em;",[1957,8845,1986],{"className":8846},[2046],[1957,8848,8850,8853],{"className":8849},[2022],[1957,8851,5048],{"className":8852,"style":2181},[2022,2023],[1957,8854,8856],{"className":8855},[2185],[1957,8857,8859],{"className":8858},[2189],[1957,8860,8862],{"className":8861},[2194],[1957,8863,8865],{"className":8864,"style":5265},[2198],[1957,8866,8867,8870],{"style":2221},[1957,8868],{"className":8869,"style":2207},[2206],[1957,8871,8873],{"className":8872},[2211,2212,2213,2214],[1957,8874,8876],{"className":8875},[2022,2214],[1957,8877,5227],{"className":8878},[2022,2214],[1957,8880,1994],{"className":8881},[2053],[1957,8883],{"className":8884,"style":2057},[2027],[1957,8886,8888,8891],{"className":8887},[2022],[1957,8889,5053],{"className":8890,"style":5083},[2022,2023],[1957,8892,8894],{"className":8893},[2185],[1957,8895,8897],{"className":8896},[2189],[1957,8898,8900],{"className":8899},[2194],[1957,8901,8903],{"className":8902,"style":5265},[2198],[1957,8904,8905,8908],{"style":2221},[1957,8906],{"className":8907,"style":2207},[2206],[1957,8909,8911],{"className":8910},[2211,2212,2213,2214],[1957,8912,8914],{"className":8913},[2022,2214],[1957,8915,5227],{"className":8916},[2022,2214],[1957,8918,2000],{"className":8919},[2064],"，只吸引低风险客户并盈利",[1808,8922,8923],{},"原混同均衡被打破",[1808,8925,8926,8929,8930],{},[1845,8927,8928],{},"分离均衡 (Separating Equilibrium)"," 可能存在",[1805,8931,8932,9169,9553],{},[1808,8933,8934,8935,9028,9029,9168],{},"高风险类型：获得全额保险 ",[1957,8936,8938,8964],{"className":8937},[1960],[1957,8939,8941],{"className":8940},[1964],[1966,8942,8943],{"xmlns":1968},[1970,8944,8945,8961],{},[1973,8946,8947,8949,8955,8957,8959],{},[1980,8948,1986],{"stretchy":1985},[4667,8950,8951,8953],{},[1976,8952,5048],{},[1976,8954,2152],{},[1980,8956,1994],{"separator":1993},[1976,8958,5013],{},[1980,8960,2000],{"stretchy":1985},[2002,8962,8963],{"encoding":2004},"(q_H, D)",[1957,8965,8967],{"className":8966,"ariaHidden":1993},[2009],[1957,8968,8970,8973,8976,9016,9019,9022,9025],{"className":8969},[2013],[1957,8971],{"className":8972,"style":2042},[2017],[1957,8974,1986],{"className":8975},[2046],[1957,8977,8979,8982],{"className":8978},[2022],[1957,8980,5048],{"className":8981,"style":2181},[2022,2023],[1957,8983,8985],{"className":8984},[2185],[1957,8986,8988,9008],{"className":8987},[2189,2190],[1957,8989,8991,9005],{"className":8990},[2194],[1957,8992,8994],{"className":8993,"style":4703},[2198],[1957,8995,8996,8999],{"style":6226},[1957,8997],{"className":8998,"style":2207},[2206],[1957,9000,9002],{"className":9001},[2211,2212,2213,2214],[1957,9003,2152],{"className":9004,"style":2218},[2022,2023,2214],[1957,9006,2235],{"className":9007},[2234],[1957,9009,9011],{"className":9010},[2194],[1957,9012,9014],{"className":9013,"style":4725},[2198],[1957,9015],{},[1957,9017,1994],{"className":9018},[2053],[1957,9020],{"className":9021,"style":2057},[2027],[1957,9023,5013],{"className":9024,"style":5028},[2022,2023],[1957,9026,2000],{"className":9027},[2064],"，其中 ",[1957,9030,9032,9060],{"className":9031},[1960],[1957,9033,9035],{"className":9034},[1964],[1966,9036,9037],{"xmlns":1968},[1970,9038,9039,9057],{},[1973,9040,9041,9047,9049,9055],{},[4667,9042,9043,9045],{},[1976,9044,5048],{},[1976,9046,2152],{},[1980,9048,2158],{},[4667,9050,9051,9053],{},[1976,9052,1798],{},[1976,9054,2152],{},[1976,9056,5013],{},[2002,9058,9059],{"encoding":2004},"q_H = p_H D",[1957,9061,9063,9118],{"className":9062,"ariaHidden":1993},[2009],[1957,9064,9066,9069,9109,9112,9115],{"className":9065},[2013],[1957,9067],{"className":9068,"style":2954},[2017],[1957,9070,9072,9075],{"className":9071},[2022],[1957,9073,5048],{"className":9074,"style":2181},[2022,2023],[1957,9076,9078],{"className":9077},[2185],[1957,9079,9081,9101],{"className":9080},[2189,2190],[1957,9082,9084,9098],{"className":9083},[2194],[1957,9085,9087],{"className":9086,"style":4703},[2198],[1957,9088,9089,9092],{"style":6226},[1957,9090],{"className":9091,"style":2207},[2206],[1957,9093,9095],{"className":9094},[2211,2212,2213,2214],[1957,9096,2152],{"className":9097,"style":2218},[2022,2023,2214],[1957,9099,2235],{"className":9100},[2234],[1957,9102,9104],{"className":9103},[2194],[1957,9105,9107],{"className":9106,"style":4725},[2198],[1957,9108],{},[1957,9110],{"className":9111,"style":2028},[2027],[1957,9113,2158],{"className":9114},[2032],[1957,9116],{"className":9117,"style":2028},[2027],[1957,9119,9121,9125,9165],{"className":9120},[2013],[1957,9122],{"className":9123,"style":9124},[2017],"height:0.8778em;vertical-align:-0.1944em;",[1957,9126,9128,9131],{"className":9127},[2022],[1957,9129,1798],{"className":9130},[2022,2023],[1957,9132,9134],{"className":9133},[2185],[1957,9135,9137,9157],{"className":9136},[2189,2190],[1957,9138,9140,9154],{"className":9139},[2194],[1957,9141,9143],{"className":9142,"style":4703},[2198],[1957,9144,9145,9148],{"style":4706},[1957,9146],{"className":9147,"style":2207},[2206],[1957,9149,9151],{"className":9150},[2211,2212,2213,2214],[1957,9152,2152],{"className":9153,"style":2218},[2022,2023,2214],[1957,9155,2235],{"className":9156},[2234],[1957,9158,9160],{"className":9159},[2194],[1957,9161,9163],{"className":9162,"style":4725},[2198],[1957,9164],{},[1957,9166,5013],{"className":9167,"style":5028},[2022,2023],"（零利润）",[1808,9170,9171,9172,9028,9306],{},"低风险类型：获得部分保险 ",[1957,9173,9175,9205],{"className":9174},[1960],[1957,9176,9178],{"className":9177},[1964],[1966,9179,9180],{"xmlns":1968},[1970,9181,9182,9202],{},[1973,9183,9184,9186,9192,9194,9200],{},[1980,9185,1986],{"stretchy":1985},[4667,9187,9188,9190],{},[1976,9189,5048],{},[1976,9191,2285],{},[1980,9193,1994],{"separator":1993},[4667,9195,9196,9198],{},[1976,9197,5053],{},[1976,9199,2285],{},[1980,9201,2000],{"stretchy":1985},[2002,9203,9204],{"encoding":2004},"(q_L, \\alpha_L)",[1957,9206,9208],{"className":9207,"ariaHidden":1993},[2009],[1957,9209,9211,9214,9217,9257,9260,9263,9303],{"className":9210},[2013],[1957,9212],{"className":9213,"style":2042},[2017],[1957,9215,1986],{"className":9216},[2046],[1957,9218,9220,9223],{"className":9219},[2022],[1957,9221,5048],{"className":9222,"style":2181},[2022,2023],[1957,9224,9226],{"className":9225},[2185],[1957,9227,9229,9249],{"className":9228},[2189,2190],[1957,9230,9232,9246],{"className":9231},[2194],[1957,9233,9235],{"className":9234,"style":4703},[2198],[1957,9236,9237,9240],{"style":6226},[1957,9238],{"className":9239,"style":2207},[2206],[1957,9241,9243],{"className":9242},[2211,2212,2213,2214],[1957,9244,2285],{"className":9245},[2022,2023,2214],[1957,9247,2235],{"className":9248},[2234],[1957,9250,9252],{"className":9251},[2194],[1957,9253,9255],{"className":9254,"style":4725},[2198],[1957,9256],{},[1957,9258,1994],{"className":9259},[2053],[1957,9261],{"className":9262,"style":2057},[2027],[1957,9264,9266,9269],{"className":9265},[2022],[1957,9267,5053],{"className":9268,"style":5083},[2022,2023],[1957,9270,9272],{"className":9271},[2185],[1957,9273,9275,9295],{"className":9274},[2189,2190],[1957,9276,9278,9292],{"className":9277},[2194],[1957,9279,9281],{"className":9280,"style":4703},[2198],[1957,9282,9283,9286],{"style":6338},[1957,9284],{"className":9285,"style":2207},[2206],[1957,9287,9289],{"className":9288},[2211,2212,2213,2214],[1957,9290,2285],{"className":9291},[2022,2023,2214],[1957,9293,2235],{"className":9294},[2234],[1957,9296,9298],{"className":9297},[2194],[1957,9299,9301],{"className":9300,"style":4725},[2198],[1957,9302],{},[1957,9304,2000],{"className":9305},[2064],[1957,9307,9309,9351],{"className":9308},[1960],[1957,9310,9312],{"className":9311},[1964],[1966,9313,9314],{"xmlns":1968},[1970,9315,9316,9348],{},[1973,9317,9318,9324,9326,9332,9338,9340,9346],{},[4667,9319,9320,9322],{},[1976,9321,5048],{},[1976,9323,2285],{},[1980,9325,2158],{},[4667,9327,9328,9330],{},[1976,9329,1798],{},[1976,9331,2285],{},[4667,9333,9334,9336],{},[1976,9335,5053],{},[1976,9337,2285],{},[1980,9339,3402],{},[4667,9341,9342,9344],{},[1976,9343,1798],{},[1976,9345,2285],{},[1976,9347,5013],{},[2002,9349,9350],{"encoding":2004},"q_L = p_L \\alpha_L \u003C p_L D",[1957,9352,9354,9409,9504],{"className":9353,"ariaHidden":1993},[2009],[1957,9355,9357,9360,9400,9403,9406],{"className":9356},[2013],[1957,9358],{"className":9359,"style":2954},[2017],[1957,9361,9363,9366],{"className":9362},[2022],[1957,9364,5048],{"className":9365,"style":2181},[2022,2023],[1957,9367,9369],{"className":9368},[2185],[1957,9370,9372,9392],{"className":9371},[2189,2190],[1957,9373,9375,9389],{"className":9374},[2194],[1957,9376,9378],{"className":9377,"style":4703},[2198],[1957,9379,9380,9383],{"style":6226},[1957,9381],{"className":9382,"style":2207},[2206],[1957,9384,9386],{"className":9385},[2211,2212,2213,2214],[1957,9387,2285],{"className":9388},[2022,2023,2214],[1957,9390,2235],{"className":9391},[2234],[1957,9393,9395],{"className":9394},[2194],[1957,9396,9398],{"className":9397,"style":4725},[2198],[1957,9399],{},[1957,9401],{"className":9402,"style":2028},[2027],[1957,9404,2158],{"className":9405},[2032],[1957,9407],{"className":9408,"style":2028},[2027],[1957,9410,9412,9415,9455,9495,9498,9501],{"className":9411},[2013],[1957,9413],{"className":9414,"style":4866},[2017],[1957,9416,9418,9421],{"className":9417},[2022],[1957,9419,1798],{"className":9420},[2022,2023],[1957,9422,9424],{"className":9423},[2185],[1957,9425,9427,9447],{"className":9426},[2189,2190],[1957,9428,9430,9444],{"className":9429},[2194],[1957,9431,9433],{"className":9432,"style":4703},[2198],[1957,9434,9435,9438],{"style":4706},[1957,9436],{"className":9437,"style":2207},[2206],[1957,9439,9441],{"className":9440},[2211,2212,2213,2214],[1957,9442,2285],{"className":9443},[2022,2023,2214],[1957,9445,2235],{"className":9446},[2234],[1957,9448,9450],{"className":9449},[2194],[1957,9451,9453],{"className":9452,"style":4725},[2198],[1957,9454],{},[1957,9456,9458,9461],{"className":9457},[2022],[1957,9459,5053],{"className":9460,"style":5083},[2022,2023],[1957,9462,9464],{"className":9463},[2185],[1957,9465,9467,9487],{"className":9466},[2189,2190],[1957,9468,9470,9484],{"className":9469},[2194],[1957,9471,9473],{"className":9472,"style":4703},[2198],[1957,9474,9475,9478],{"style":6338},[1957,9476],{"className":9477,"style":2207},[2206],[1957,9479,9481],{"className":9480},[2211,2212,2213,2214],[1957,9482,2285],{"className":9483},[2022,2023,2214],[1957,9485,2235],{"className":9486},[2234],[1957,9488,9490],{"className":9489},[2194],[1957,9491,9493],{"className":9492,"style":4725},[2198],[1957,9494],{},[1957,9496],{"className":9497,"style":2028},[2027],[1957,9499,3402],{"className":9500},[2032],[1957,9502],{"className":9503,"style":2028},[2027],[1957,9505,9507,9510,9550],{"className":9506},[2013],[1957,9508],{"className":9509,"style":9124},[2017],[1957,9511,9513,9516],{"className":9512},[2022],[1957,9514,1798],{"className":9515},[2022,2023],[1957,9517,9519],{"className":9518},[2185],[1957,9520,9522,9542],{"className":9521},[2189,2190],[1957,9523,9525,9539],{"className":9524},[2194],[1957,9526,9528],{"className":9527,"style":4703},[2198],[1957,9529,9530,9533],{"style":4706},[1957,9531],{"className":9532,"style":2207},[2206],[1957,9534,9536],{"className":9535},[2211,2212,2213,2214],[1957,9537,2285],{"className":9538},[2022,2023,2214],[1957,9540,2235],{"className":9541},[2234],[1957,9543,9545],{"className":9544},[2194],[1957,9546,9548],{"className":9547,"style":4725},[2198],[1957,9549],{},[1957,9551,5013],{"className":9552,"style":5028},[2022,2023],[1808,9554,9555,9556,3977],{},"合同设计使得高风险类型不愿选择低风险合同（",[1845,9557,9558],{},"激励相容约束",[1798,9560,9561,1944],{},[1845,9562,9563],{},"关键结论",[1805,9565,9566,9573,9576],{},[1808,9567,9568,9569,9572],{},"在分离均衡中，低风险类型只能获得",[1845,9570,9571],{},"部分保险","（而非完全保险），这是为了防止高风险类型模仿",[1808,9574,9575],{},"低风险客户承受了信息不对称的成本",[1808,9577,9578,9579,9582],{},"均衡可能",[1845,9580,9581],{},"不存在","（当两类客户比例不合适时）",[1883,9584,9586],{"id":9585},"_13-信用配给-credit-rationing","1.3 信用配给 (Credit Rationing)",[1798,9588,9589],{},[1845,9590,9591],{},"Stiglitz-Weiss模型 (1981)",[1798,9593,9594,9595,9598],{},"即使有愿意支付更高利率的借款人，银行也可能",[1845,9596,9597],{},"限制贷款数量","，这看似违反供求规律，但信息不对称给出了解释。",[1798,9600,9601,1944],{},[1845,9602,9603],{},"机制",[1805,9605,9606,9642,9649],{},[1808,9607,9608,9609,9638,9639,9641],{},"提高利率 ",[1957,9610,9612,9626],{"className":9611},[1960],[1957,9613,9615],{"className":9614},[1964],[1966,9616,9617],{"xmlns":1968},[1970,9618,9619,9624],{},[1973,9620,9621],{},[1976,9622,9623],{},"r",[2002,9625,9623],{"encoding":2004},[1957,9627,9629],{"className":9628,"ariaHidden":1993},[2009],[1957,9630,9632,9635],{"className":9631},[2013],[1957,9633],{"className":9634,"style":5143},[2017],[1957,9636,9623],{"className":9637,"style":5028},[2022,2023]," 会导致",[1845,9640,4603],{},"：安全项目的借款人退出，只剩高风险项目",[1808,9643,9644,9645,9648],{},"提高利率还会导致",[1845,9646,9647],{},"道德风险","：借款人选择更冒险的项目",[1808,9650,9651,9652],{},"银行的期望收益可能随利率上升而",[1845,9653,9654],{},"下降",[1798,9656,9657,9658,9717,9718,9721],{},"因此，银行选择一个最优利率 ",[1957,9659,9661,9679],{"className":9660},[1960],[1957,9662,9664],{"className":9663},[1964],[1966,9665,9666],{"xmlns":1968},[1970,9667,9668,9676],{},[1973,9669,9670],{},[2983,9671,9672,9674],{},[1976,9673,9623],{},[1980,9675,4109],{},[2002,9677,9678],{"encoding":2004},"r^*",[1957,9680,9682],{"className":9681,"ariaHidden":1993},[2009],[1957,9683,9685,9688],{"className":9684},[2013],[1957,9686],{"className":9687,"style":4145},[2017],[1957,9689,9691,9694],{"className":9690},[2022],[1957,9692,9623],{"className":9693,"style":5028},[2022,2023],[1957,9695,9697],{"className":9696},[2185],[1957,9698,9700],{"className":9699},[2189],[1957,9701,9703],{"className":9702},[2194],[1957,9704,9706],{"className":9705,"style":4145},[2198],[1957,9707,9708,9711],{"style":2221},[1957,9709],{"className":9710,"style":2207},[2206],[1957,9712,9714],{"className":9713},[2211,2212,2213,2214],[1957,9715,4109],{"className":9716},[2108,2214]," 并通过",[1845,9719,9720],{},"配给 (rationing)"," 来限制贷款，而非提高价格（利率）来出清市场。",[1794,9723,9725],{"id":9724},"二信号传递-signaling","二、信号传递 (Signaling)",[1883,9727,9729],{"id":9728},"_21-spence的教育信号模型-1973","2.1 Spence的教育信号模型 (1973)",[1798,9731,9732,9735],{},[1845,9733,9734],{},"背景","：雇主无法直接观测到求职者的能力，但能力影响生产力和工资。高能力者如何向雇主证明自己？",[1798,9737,9738,1944],{},[1845,9739,1943],{},[1805,9741,9742,10022,10105,10383],{},[1808,9743,9744,9745,9818,9819,7877,9889,3977],{},"两类工人：高能力 ",[1957,9746,9748,9767],{"className":9747},[1960],[1957,9749,9751],{"className":9750},[1964],[1966,9752,9753],{"xmlns":1968},[1970,9754,9755,9764],{},[1973,9756,9757],{},[4667,9758,9759,9762],{},[1976,9760,9761],{},"θ",[1976,9763,2152],{},[2002,9765,9766],{"encoding":2004},"\\theta_H",[1957,9768,9770],{"className":9769,"ariaHidden":1993},[2009],[1957,9771,9773,9777],{"className":9772},[2013],[1957,9774],{"className":9775,"style":9776},[2017],"height:0.8444em;vertical-align:-0.15em;",[1957,9778,9780,9783],{"className":9779},[2022],[1957,9781,9761],{"className":9782,"style":5028},[2022,2023],[1957,9784,9786],{"className":9785},[2185],[1957,9787,9789,9810],{"className":9788},[2189,2190],[1957,9790,9792,9807],{"className":9791},[2194],[1957,9793,9795],{"className":9794,"style":4703},[2198],[1957,9796,9798,9801],{"style":9797},"top:-2.55em;margin-left:-0.0278em;margin-right:0.05em;",[1957,9799],{"className":9800,"style":2207},[2206],[1957,9802,9804],{"className":9803},[2211,2212,2213,2214],[1957,9805,2152],{"className":9806,"style":2218},[2022,2023,2214],[1957,9808,2235],{"className":9809},[2234],[1957,9811,9813],{"className":9812},[2194],[1957,9814,9816],{"className":9815,"style":4725},[2198],[1957,9817],{}," 和低能力 ",[1957,9820,9822,9840],{"className":9821},[1960],[1957,9823,9825],{"className":9824},[1964],[1966,9826,9827],{"xmlns":1968},[1970,9828,9829,9837],{},[1973,9830,9831],{},[4667,9832,9833,9835],{},[1976,9834,9761],{},[1976,9836,2285],{},[2002,9838,9839],{"encoding":2004},"\\theta_L",[1957,9841,9843],{"className":9842,"ariaHidden":1993},[2009],[1957,9844,9846,9849],{"className":9845},[2013],[1957,9847],{"className":9848,"style":9776},[2017],[1957,9850,9852,9855],{"className":9851},[2022],[1957,9853,9761],{"className":9854,"style":5028},[2022,2023],[1957,9856,9858],{"className":9857},[2185],[1957,9859,9861,9881],{"className":9860},[2189,2190],[1957,9862,9864,9878],{"className":9863},[2194],[1957,9865,9867],{"className":9866,"style":4703},[2198],[1957,9868,9869,9872],{"style":9797},[1957,9870],{"className":9871,"style":2207},[2206],[1957,9873,9875],{"className":9874},[2211,2212,2213,2214],[1957,9876,2285],{"className":9877},[2022,2023,2214],[1957,9879,2235],{"className":9880},[2234],[1957,9882,9884],{"className":9883},[2194],[1957,9885,9887],{"className":9886,"style":4725},[2198],[1957,9888],{},[1957,9890,9892,9918],{"className":9891},[1960],[1957,9893,9895],{"className":9894},[1964],[1966,9896,9897],{"xmlns":1968},[1970,9898,9899,9915],{},[1973,9900,9901,9907,9909],{},[4667,9902,9903,9905],{},[1976,9904,9761],{},[1976,9906,2152],{},[1980,9908,2620],{},[4667,9910,9911,9913],{},[1976,9912,9761],{},[1976,9914,2285],{},[2002,9916,9917],{"encoding":2004},"\\theta_H > \\theta_L",[1957,9919,9921,9976],{"className":9920,"ariaHidden":1993},[2009],[1957,9922,9924,9927,9967,9970,9973],{"className":9923},[2013],[1957,9925],{"className":9926,"style":9776},[2017],[1957,9928,9930,9933],{"className":9929},[2022],[1957,9931,9761],{"className":9932,"style":5028},[2022,2023],[1957,9934,9936],{"className":9935},[2185],[1957,9937,9939,9959],{"className":9938},[2189,2190],[1957,9940,9942,9956],{"className":9941},[2194],[1957,9943,9945],{"className":9944,"style":4703},[2198],[1957,9946,9947,9950],{"style":9797},[1957,9948],{"className":9949,"style":2207},[2206],[1957,9951,9953],{"className":9952},[2211,2212,2213,2214],[1957,9954,2152],{"className":9955,"style":2218},[2022,2023,2214],[1957,9957,2235],{"className":9958},[2234],[1957,9960,9962],{"className":9961},[2194],[1957,9963,9965],{"className":9964,"style":4725},[2198],[1957,9966],{},[1957,9968],{"className":9969,"style":2028},[2027],[1957,9971,2620],{"className":9972},[2032],[1957,9974],{"className":9975,"style":2028},[2027],[1957,9977,9979,9982],{"className":9978},[2013],[1957,9980],{"className":9981,"style":9776},[2017],[1957,9983,9985,9988],{"className":9984},[2022],[1957,9986,9761],{"className":9987,"style":5028},[2022,2023],[1957,9989,9991],{"className":9990},[2185],[1957,9992,9994,10014],{"className":9993},[2189,2190],[1957,9995,9997,10011],{"className":9996},[2194],[1957,9998,10000],{"className":9999,"style":4703},[2198],[1957,10001,10002,10005],{"style":9797},[1957,10003],{"className":10004,"style":2207},[2206],[1957,10006,10008],{"className":10007},[2211,2212,2213,2214],[1957,10009,2285],{"className":10010},[2022,2023,2214],[1957,10012,2235],{"className":10013},[2234],[1957,10015,10017],{"className":10016},[2194],[1957,10018,10020],{"className":10019,"style":4725},[2198],[1957,10021],{},[1808,10023,10024,10025,10053,10054,10104],{},"能力是私人信息，工人比例 ",[1957,10026,10028,10041],{"className":10027},[1960],[1957,10029,10031],{"className":10030},[1964],[1966,10032,10033],{"xmlns":1968},[1970,10034,10035,10039],{},[1973,10036,10037],{},[1976,10038,1978],{},[2002,10040,4587],{"encoding":2004},[1957,10042,10044],{"className":10043,"ariaHidden":1993},[2009],[1957,10045,10047,10050],{"className":10046},[2013],[1957,10048],{"className":10049,"style":2118},[2017],[1957,10051,1978],{"className":10052},[2022,2023],"（高能力）和 ",[1957,10055,10057,10074],{"className":10056},[1960],[1957,10058,10060],{"className":10059},[1964],[1966,10061,10062],{"xmlns":1968},[1970,10063,10064,10072],{},[1973,10065,10066,10068,10070],{},[1988,10067,1997],{},[1980,10069,2082],{},[1976,10071,1978],{},[2002,10073,2087],{"encoding":2004},[1957,10075,10077,10095],{"className":10076,"ariaHidden":1993},[2009],[1957,10078,10080,10083,10086,10089,10092],{"className":10079},[2013],[1957,10081],{"className":10082,"style":2097},[2017],[1957,10084,1997],{"className":10085},[2022],[1957,10087],{"className":10088,"style":2104},[2027],[1957,10090,2082],{"className":10091},[2108],[1957,10093],{"className":10094,"style":2104},[2027],[1957,10096,10098,10101],{"className":10097},[2013],[1957,10099],{"className":10100,"style":2118},[2017],[1957,10102,1978],{"className":10103},[2022,2023],"（低能力）",[1808,10106,10107,10108,10179,10180,7877,10250,3977],{},"生产力：高能力工人产出 ",[1957,10109,10111,10130],{"className":10110},[1960],[1957,10112,10114],{"className":10113},[1964],[1966,10115,10116],{"xmlns":1968},[1970,10117,10118,10127],{},[1973,10119,10120],{},[4667,10121,10122,10125],{},[1976,10123,10124],{},"y",[1976,10126,2152],{},[2002,10128,10129],{"encoding":2004},"y_H",[1957,10131,10133],{"className":10132,"ariaHidden":1993},[2009],[1957,10134,10136,10139],{"className":10135},[2013],[1957,10137],{"className":10138,"style":2954},[2017],[1957,10140,10142,10145],{"className":10141},[2022],[1957,10143,10124],{"className":10144,"style":2181},[2022,2023],[1957,10146,10148],{"className":10147},[2185],[1957,10149,10151,10171],{"className":10150},[2189,2190],[1957,10152,10154,10168],{"className":10153},[2194],[1957,10155,10157],{"className":10156,"style":4703},[2198],[1957,10158,10159,10162],{"style":6226},[1957,10160],{"className":10161,"style":2207},[2206],[1957,10163,10165],{"className":10164},[2211,2212,2213,2214],[1957,10166,2152],{"className":10167,"style":2218},[2022,2023,2214],[1957,10169,2235],{"className":10170},[2234],[1957,10172,10174],{"className":10173},[2194],[1957,10175,10177],{"className":10176,"style":4725},[2198],[1957,10178],{},"，低能力工人产出 ",[1957,10181,10183,10201],{"className":10182},[1960],[1957,10184,10186],{"className":10185},[1964],[1966,10187,10188],{"xmlns":1968},[1970,10189,10190,10198],{},[1973,10191,10192],{},[4667,10193,10194,10196],{},[1976,10195,10124],{},[1976,10197,2285],{},[2002,10199,10200],{"encoding":2004},"y_L",[1957,10202,10204],{"className":10203,"ariaHidden":1993},[2009],[1957,10205,10207,10210],{"className":10206},[2013],[1957,10208],{"className":10209,"style":2954},[2017],[1957,10211,10213,10216],{"className":10212},[2022],[1957,10214,10124],{"className":10215,"style":2181},[2022,2023],[1957,10217,10219],{"className":10218},[2185],[1957,10220,10222,10242],{"className":10221},[2189,2190],[1957,10223,10225,10239],{"className":10224},[2194],[1957,10226,10228],{"className":10227,"style":4703},[2198],[1957,10229,10230,10233],{"style":6226},[1957,10231],{"className":10232,"style":2207},[2206],[1957,10234,10236],{"className":10235},[2211,2212,2213,2214],[1957,10237,2285],{"className":10238},[2022,2023,2214],[1957,10240,2235],{"className":10241},[2234],[1957,10243,10245],{"className":10244},[2194],[1957,10246,10248],{"className":10247,"style":4725},[2198],[1957,10249],{},[1957,10251,10253,10279],{"className":10252},[1960],[1957,10254,10256],{"className":10255},[1964],[1966,10257,10258],{"xmlns":1968},[1970,10259,10260,10276],{},[1973,10261,10262,10268,10270],{},[4667,10263,10264,10266],{},[1976,10265,10124],{},[1976,10267,2152],{},[1980,10269,2620],{},[4667,10271,10272,10274],{},[1976,10273,10124],{},[1976,10275,2285],{},[2002,10277,10278],{"encoding":2004},"y_H > y_L",[1957,10280,10282,10337],{"className":10281,"ariaHidden":1993},[2009],[1957,10283,10285,10288,10328,10331,10334],{"className":10284},[2013],[1957,10286],{"className":10287,"style":4866},[2017],[1957,10289,10291,10294],{"className":10290},[2022],[1957,10292,10124],{"className":10293,"style":2181},[2022,2023],[1957,10295,10297],{"className":10296},[2185],[1957,10298,10300,10320],{"className":10299},[2189,2190],[1957,10301,10303,10317],{"className":10302},[2194],[1957,10304,10306],{"className":10305,"style":4703},[2198],[1957,10307,10308,10311],{"style":6226},[1957,10309],{"className":10310,"style":2207},[2206],[1957,10312,10314],{"className":10313},[2211,2212,2213,2214],[1957,10315,2152],{"className":10316,"style":2218},[2022,2023,2214],[1957,10318,2235],{"className":10319},[2234],[1957,10321,10323],{"className":10322},[2194],[1957,10324,10326],{"className":10325,"style":4725},[2198],[1957,10327],{},[1957,10329],{"className":10330,"style":2028},[2027],[1957,10332,2620],{"className":10333},[2032],[1957,10335],{"className":10336,"style":2028},[2027],[1957,10338,10340,10343],{"className":10339},[2013],[1957,10341],{"className":10342,"style":2954},[2017],[1957,10344,10346,10349],{"className":10345},[2022],[1957,10347,10124],{"className":10348,"style":2181},[2022,2023],[1957,10350,10352],{"className":10351},[2185],[1957,10353,10355,10375],{"className":10354},[2189,2190],[1957,10356,10358,10372],{"className":10357},[2194],[1957,10359,10361],{"className":10360,"style":4703},[2198],[1957,10362,10363,10366],{"style":6226},[1957,10364],{"className":10365,"style":2207},[2206],[1957,10367,10369],{"className":10368},[2211,2212,2213,2214],[1957,10370,2285],{"className":10371},[2022,2023,2214],[1957,10373,2235],{"className":10374},[2234],[1957,10376,10378],{"className":10377},[2194],[1957,10379,10381],{"className":10380,"style":4725},[2198],[1957,10382],{},[1808,10384,10385,10386,10439,10440,10443],{},"教育水平 ",[1957,10387,10389,10408],{"className":10388},[1960],[1957,10390,10392],{"className":10391},[1964],[1966,10393,10394],{"xmlns":1968},[1970,10395,10396,10405],{},[1973,10397,10398,10401,10403],{},[1976,10399,10400],{},"e",[1980,10402,4202],{},[1988,10404,1990],{},[2002,10406,10407],{"encoding":2004},"e \\geq 0",[1957,10409,10411,10430],{"className":10410,"ariaHidden":1993},[2009],[1957,10412,10414,10418,10421,10424,10427],{"className":10413},[2013],[1957,10415],{"className":10416,"style":10417},[2017],"height:0.7719em;vertical-align:-0.136em;",[1957,10419,10400],{"className":10420},[2022,2023],[1957,10422],{"className":10423,"style":2028},[2027],[1957,10425,4202],{"className":10426},[2032],[1957,10428],{"className":10429,"style":2028},[2027],[1957,10431,10433,10436],{"className":10432},[2013],[1957,10434],{"className":10435,"style":2260},[2017],[1957,10437,1990],{"className":10438},[2022],"（可观测信号），教育本身",[1845,10441,10442],{},"不增加生产力","（纯粹信号）",[1798,10445,10446,10449],{},[1845,10447,10448],{},"成本结构","（关键假设）：",[1805,10451,10452,10640,10826],{},[1808,10453,10454,10455],{},"高能力工人的教育成本：",[1957,10456,10458,10499],{"className":10457},[1960],[1957,10459,10461],{"className":10460},[1964],[1966,10462,10463],{"xmlns":1968},[1970,10464,10465,10496],{},[1973,10466,10467,10470,10472,10474,10476,10482,10484,10486,10492,10494],{},[1976,10468,10469],{},"c",[1980,10471,1986],{"stretchy":1985},[1976,10473,10400],{},[1980,10475,1994],{"separator":1993},[4667,10477,10478,10480],{},[1976,10479,9761],{},[1976,10481,2152],{},[1980,10483,2000],{"stretchy":1985},[1980,10485,2158],{},[4667,10487,10488,10490],{},[1976,10489,10469],{},[1976,10491,2152],{},[1980,10493,3031],{},[1976,10495,10400],{},[2002,10497,10498],{"encoding":2004},"c(e, \\theta_H) = c_H \\cdot e",[1957,10500,10502,10575,10631],{"className":10501,"ariaHidden":1993},[2009],[1957,10503,10505,10508,10511,10514,10517,10520,10523,10563,10566,10569,10572],{"className":10504},[2013],[1957,10506],{"className":10507,"style":2042},[2017],[1957,10509,10469],{"className":10510},[2022,2023],[1957,10512,1986],{"className":10513},[2046],[1957,10515,10400],{"className":10516},[2022,2023],[1957,10518,1994],{"className":10519},[2053],[1957,10521],{"className":10522,"style":2057},[2027],[1957,10524,10526,10529],{"className":10525},[2022],[1957,10527,9761],{"className":10528,"style":5028},[2022,2023],[1957,10530,10532],{"className":10531},[2185],[1957,10533,10535,10555],{"className":10534},[2189,2190],[1957,10536,10538,10552],{"className":10537},[2194],[1957,10539,10541],{"className":10540,"style":4703},[2198],[1957,10542,10543,10546],{"style":9797},[1957,10544],{"className":10545,"style":2207},[2206],[1957,10547,10549],{"className":10548},[2211,2212,2213,2214],[1957,10550,2152],{"className":10551,"style":2218},[2022,2023,2214],[1957,10553,2235],{"className":10554},[2234],[1957,10556,10558],{"className":10557},[2194],[1957,10559,10561],{"className":10560,"style":4725},[2198],[1957,10562],{},[1957,10564,2000],{"className":10565},[2064],[1957,10567],{"className":10568,"style":2028},[2027],[1957,10570,2158],{"className":10571},[2032],[1957,10573],{"className":10574,"style":2028},[2027],[1957,10576,10578,10582,10622,10625,10628],{"className":10577},[2013],[1957,10579],{"className":10580,"style":10581},[2017],"height:0.5945em;vertical-align:-0.15em;",[1957,10583,10585,10588],{"className":10584},[2022],[1957,10586,10469],{"className":10587},[2022,2023],[1957,10589,10591],{"className":10590},[2185],[1957,10592,10594,10614],{"className":10593},[2189,2190],[1957,10595,10597,10611],{"className":10596},[2194],[1957,10598,10600],{"className":10599,"style":4703},[2198],[1957,10601,10602,10605],{"style":4706},[1957,10603],{"className":10604,"style":2207},[2206],[1957,10606,10608],{"className":10607},[2211,2212,2213,2214],[1957,10609,2152],{"className":10610,"style":2218},[2022,2023,2214],[1957,10612,2235],{"className":10613},[2234],[1957,10615,10617],{"className":10616},[2194],[1957,10618,10620],{"className":10619,"style":4725},[2198],[1957,10621],{},[1957,10623],{"className":10624,"style":2104},[2027],[1957,10626,3031],{"className":10627},[2108],[1957,10629],{"className":10630,"style":2104},[2027],[1957,10632,10634,10637],{"className":10633},[2013],[1957,10635],{"className":10636,"style":5143},[2017],[1957,10638,10400],{"className":10639},[2022,2023],[1808,10641,10642,10643],{},"低能力工人的教育成本：",[1957,10644,10646,10686],{"className":10645},[1960],[1957,10647,10649],{"className":10648},[1964],[1966,10650,10651],{"xmlns":1968},[1970,10652,10653,10683],{},[1973,10654,10655,10657,10659,10661,10663,10669,10671,10673,10679,10681],{},[1976,10656,10469],{},[1980,10658,1986],{"stretchy":1985},[1976,10660,10400],{},[1980,10662,1994],{"separator":1993},[4667,10664,10665,10667],{},[1976,10666,9761],{},[1976,10668,2285],{},[1980,10670,2000],{"stretchy":1985},[1980,10672,2158],{},[4667,10674,10675,10677],{},[1976,10676,10469],{},[1976,10678,2285],{},[1980,10680,3031],{},[1976,10682,10400],{},[2002,10684,10685],{"encoding":2004},"c(e, \\theta_L) = c_L \\cdot e",[1957,10687,10689,10762,10817],{"className":10688,"ariaHidden":1993},[2009],[1957,10690,10692,10695,10698,10701,10704,10707,10710,10750,10753,10756,10759],{"className":10691},[2013],[1957,10693],{"className":10694,"style":2042},[2017],[1957,10696,10469],{"className":10697},[2022,2023],[1957,10699,1986],{"className":10700},[2046],[1957,10702,10400],{"className":10703},[2022,2023],[1957,10705,1994],{"className":10706},[2053],[1957,10708],{"className":10709,"style":2057},[2027],[1957,10711,10713,10716],{"className":10712},[2022],[1957,10714,9761],{"className":10715,"style":5028},[2022,2023],[1957,10717,10719],{"className":10718},[2185],[1957,10720,10722,10742],{"className":10721},[2189,2190],[1957,10723,10725,10739],{"className":10724},[2194],[1957,10726,10728],{"className":10727,"style":4703},[2198],[1957,10729,10730,10733],{"style":9797},[1957,10731],{"className":10732,"style":2207},[2206],[1957,10734,10736],{"className":10735},[2211,2212,2213,2214],[1957,10737,2285],{"className":10738},[2022,2023,2214],[1957,10740,2235],{"className":10741},[2234],[1957,10743,10745],{"className":10744},[2194],[1957,10746,10748],{"className":10747,"style":4725},[2198],[1957,10749],{},[1957,10751,2000],{"className":10752},[2064],[1957,10754],{"className":10755,"style":2028},[2027],[1957,10757,2158],{"className":10758},[2032],[1957,10760],{"className":10761,"style":2028},[2027],[1957,10763,10765,10768,10808,10811,10814],{"className":10764},[2013],[1957,10766],{"className":10767,"style":10581},[2017],[1957,10769,10771,10774],{"className":10770},[2022],[1957,10772,10469],{"className":10773},[2022,2023],[1957,10775,10777],{"className":10776},[2185],[1957,10778,10780,10800],{"className":10779},[2189,2190],[1957,10781,10783,10797],{"className":10782},[2194],[1957,10784,10786],{"className":10785,"style":4703},[2198],[1957,10787,10788,10791],{"style":4706},[1957,10789],{"className":10790,"style":2207},[2206],[1957,10792,10794],{"className":10793},[2211,2212,2213,2214],[1957,10795,2285],{"className":10796},[2022,2023,2214],[1957,10798,2235],{"className":10799},[2234],[1957,10801,10803],{"className":10802},[2194],[1957,10804,10806],{"className":10805,"style":4725},[2198],[1957,10807],{},[1957,10809],{"className":10810,"style":2104},[2027],[1957,10812,3031],{"className":10813},[2108],[1957,10815],{"className":10816,"style":2104},[2027],[1957,10818,10820,10823],{"className":10819},[2013],[1957,10821],{"className":10822,"style":5143},[2017],[1957,10824,10400],{"className":10825},[2022,2023],[1808,10827,10828,1944,10831,10965],{},[1845,10829,10830],{},"单交性条件",[1957,10832,10834,10860],{"className":10833},[1960],[1957,10835,10837],{"className":10836},[1964],[1966,10838,10839],{"xmlns":1968},[1970,10840,10841,10857],{},[1973,10842,10843,10849,10851],{},[4667,10844,10845,10847],{},[1976,10846,10469],{},[1976,10848,2285],{},[1980,10850,2620],{},[4667,10852,10853,10855],{},[1976,10854,10469],{},[1976,10856,2152],{},[2002,10858,10859],{"encoding":2004},"c_L > c_H",[1957,10861,10863,10919],{"className":10862,"ariaHidden":1993},[2009],[1957,10864,10866,10870,10910,10913,10916],{"className":10865},[2013],[1957,10867],{"className":10868,"style":10869},[2017],"height:0.6891em;vertical-align:-0.15em;",[1957,10871,10873,10876],{"className":10872},[2022],[1957,10874,10469],{"className":10875},[2022,2023],[1957,10877,10879],{"className":10878},[2185],[1957,10880,10882,10902],{"className":10881},[2189,2190],[1957,10883,10885,10899],{"className":10884},[2194],[1957,10886,10888],{"className":10887,"style":4703},[2198],[1957,10889,10890,10893],{"style":4706},[1957,10891],{"className":10892,"style":2207},[2206],[1957,10894,10896],{"className":10895},[2211,2212,2213,2214],[1957,10897,2285],{"className":10898},[2022,2023,2214],[1957,10900,2235],{"className":10901},[2234],[1957,10903,10905],{"className":10904},[2194],[1957,10906,10908],{"className":10907,"style":4725},[2198],[1957,10909],{},[1957,10911],{"className":10912,"style":2028},[2027],[1957,10914,2620],{"className":10915},[2032],[1957,10917],{"className":10918,"style":2028},[2027],[1957,10920,10922,10925],{"className":10921},[2013],[1957,10923],{"className":10924,"style":6317},[2017],[1957,10926,10928,10931],{"className":10927},[2022],[1957,10929,10469],{"className":10930},[2022,2023],[1957,10932,10934],{"className":10933},[2185],[1957,10935,10937,10957],{"className":10936},[2189,2190],[1957,10938,10940,10954],{"className":10939},[2194],[1957,10941,10943],{"className":10942,"style":4703},[2198],[1957,10944,10945,10948],{"style":4706},[1957,10946],{"className":10947,"style":2207},[2206],[1957,10949,10951],{"className":10950},[2211,2212,2213,2214],[1957,10952,2152],{"className":10953,"style":2218},[2022,2023,2214],[1957,10955,2235],{"className":10956},[2234],[1957,10958,10960],{"className":10959},[2194],[1957,10961,10963],{"className":10962,"style":4725},[2198],[1957,10964],{},"（低能力者获取教育的成本更高）",[1798,10967,10968,1944],{},[1845,10969,10970],{},"工人效用",[1957,10972,10974],{"className":10973},[2962],[1957,10975,10977,11034],{"className":10976},[1960],[1957,10978,10980],{"className":10979},[1964],[1966,10981,10982],{"xmlns":1968,"display":2971},[1970,10983,10984,11031],{},[1973,10985,10986,10988,10990,10996,10998,11000,11002,11004,11007,11009,11011,11013,11015,11017,11019,11021,11023,11029],{},[1976,10987,5221],{},[1980,10989,1986],{"stretchy":1985},[4667,10991,10992,10994],{},[1976,10993,9761],{},[1976,10995,6678],{},[1980,10997,1994],{"separator":1993},[1976,10999,10400],{},[1980,11001,2000],{"stretchy":1985},[1980,11003,2158],{},[1976,11005,11006],{},"w",[1980,11008,1986],{"stretchy":1985},[1976,11010,10400],{},[1980,11012,2000],{"stretchy":1985},[1980,11014,2082],{},[1976,11016,10469],{},[1980,11018,1986],{"stretchy":1985},[1976,11020,10400],{},[1980,11022,1994],{"separator":1993},[4667,11024,11025,11027],{},[1976,11026,9761],{},[1976,11028,6678],{},[1980,11030,2000],{"stretchy":1985},[2002,11032,11033],{"encoding":2004},"u(\\theta_i, e) = w(e) - c(e, \\theta_i)",[1957,11035,11037,11110,11138],{"className":11036,"ariaHidden":1993},[2009],[1957,11038,11040,11043,11046,11049,11089,11092,11095,11098,11101,11104,11107],{"className":11039},[2013],[1957,11041],{"className":11042,"style":2042},[2017],[1957,11044,5221],{"className":11045},[2022,2023],[1957,11047,1986],{"className":11048},[2046],[1957,11050,11052,11055],{"className":11051},[2022],[1957,11053,9761],{"className":11054,"style":5028},[2022,2023],[1957,11056,11058],{"className":11057},[2185],[1957,11059,11061,11081],{"className":11060},[2189,2190],[1957,11062,11064,11078],{"className":11063},[2194],[1957,11065,11067],{"className":11066,"style":7053},[2198],[1957,11068,11069,11072],{"style":9797},[1957,11070],{"className":11071,"style":2207},[2206],[1957,11073,11075],{"className":11074},[2211,2212,2213,2214],[1957,11076,6678],{"className":11077},[2022,2023,2214],[1957,11079,2235],{"className":11080},[2234],[1957,11082,11084],{"className":11083},[2194],[1957,11085,11087],{"className":11086,"style":4725},[2198],[1957,11088],{},[1957,11090,1994],{"className":11091},[2053],[1957,11093],{"className":11094,"style":2057},[2027],[1957,11096,10400],{"className":11097},[2022,2023],[1957,11099,2000],{"className":11100},[2064],[1957,11102],{"className":11103,"style":2028},[2027],[1957,11105,2158],{"className":11106},[2032],[1957,11108],{"className":11109,"style":2028},[2027],[1957,11111,11113,11116,11120,11123,11126,11129,11132,11135],{"className":11112},[2013],[1957,11114],{"className":11115,"style":2042},[2017],[1957,11117,11006],{"className":11118,"style":11119},[2022,2023],"margin-right:0.0269em;",[1957,11121,1986],{"className":11122},[2046],[1957,11124,10400],{"className":11125},[2022,2023],[1957,11127,2000],{"className":11128},[2064],[1957,11130],{"className":11131,"style":2104},[2027],[1957,11133,2082],{"className":11134},[2108],[1957,11136],{"className":11137,"style":2104},[2027],[1957,11139,11141,11144,11147,11150,11153,11156,11159,11199],{"className":11140},[2013],[1957,11142],{"className":11143,"style":2042},[2017],[1957,11145,10469],{"className":11146},[2022,2023],[1957,11148,1986],{"className":11149},[2046],[1957,11151,10400],{"className":11152},[2022,2023],[1957,11154,1994],{"className":11155},[2053],[1957,11157],{"className":11158,"style":2057},[2027],[1957,11160,11162,11165],{"className":11161},[2022],[1957,11163,9761],{"className":11164,"style":5028},[2022,2023],[1957,11166,11168],{"className":11167},[2185],[1957,11169,11171,11191],{"className":11170},[2189,2190],[1957,11172,11174,11188],{"className":11173},[2194],[1957,11175,11177],{"className":11176,"style":7053},[2198],[1957,11178,11179,11182],{"style":9797},[1957,11180],{"className":11181,"style":2207},[2206],[1957,11183,11185],{"className":11184},[2211,2212,2213,2214],[1957,11186,6678],{"className":11187},[2022,2023,2214],[1957,11189,2235],{"className":11190},[2234],[1957,11192,11194],{"className":11193},[2194],[1957,11195,11197],{"className":11196,"style":4725},[2198],[1957,11198],{},[1957,11200,2000],{"className":11201},[2064],[1798,11203,11204,11205,11249],{},"其中 ",[1957,11206,11208,11228],{"className":11207},[1960],[1957,11209,11211],{"className":11210},[1964],[1966,11212,11213],{"xmlns":1968},[1970,11214,11215,11225],{},[1973,11216,11217,11219,11221,11223],{},[1976,11218,11006],{},[1980,11220,1986],{"stretchy":1985},[1976,11222,10400],{},[1980,11224,2000],{"stretchy":1985},[2002,11226,11227],{"encoding":2004},"w(e)",[1957,11229,11231],{"className":11230,"ariaHidden":1993},[2009],[1957,11232,11234,11237,11240,11243,11246],{"className":11233},[2013],[1957,11235],{"className":11236,"style":2042},[2017],[1957,11238,11006],{"className":11239,"style":11119},[2022,2023],[1957,11241,1986],{"className":11242},[2046],[1957,11244,10400],{"className":11245},[2022,2023],[1957,11247,2000],{"className":11248},[2064]," 是雇主根据教育水平支付的工资。",[1798,11251,11252,11255,11256,11284,11285,11288,11289,11344],{},[1845,11253,11254],{},"雇主的信念和工资设定","：\n在均衡中，雇主观察到教育水平 ",[1957,11257,11259,11272],{"className":11258},[1960],[1957,11260,11262],{"className":11261},[1964],[1966,11263,11264],{"xmlns":1968},[1970,11265,11266,11270],{},[1973,11267,11268],{},[1976,11269,10400],{},[2002,11271,10400],{"encoding":2004},[1957,11273,11275],{"className":11274,"ariaHidden":1993},[2009],[1957,11276,11278,11281],{"className":11277},[2013],[1957,11279],{"className":11280,"style":5143},[2017],[1957,11282,10400],{"className":11283},[2022,2023]," 后，形成关于工人能力的",[1845,11286,11287],{},"信念 (belief)"," ",[1957,11290,11292,11317],{"className":11291},[1960],[1957,11293,11295],{"className":11294},[1964],[1966,11296,11297],{"xmlns":1968},[1970,11298,11299,11314],{},[1973,11300,11301,11304,11306,11308,11310,11312],{},[1976,11302,11303],{},"μ",[1980,11305,1986],{"stretchy":1985},[1976,11307,9761],{},[1976,11309,6651],{"mathvariant":5226},[1976,11311,10400],{},[1980,11313,2000],{"stretchy":1985},[2002,11315,11316],{"encoding":2004},"\\mu(\\theta|e)",[1957,11318,11320],{"className":11319,"ariaHidden":1993},[2009],[1957,11321,11323,11326,11329,11332,11335,11338,11341],{"className":11322},[2013],[1957,11324],{"className":11325,"style":2042},[2017],[1957,11327,11303],{"className":11328},[2022,2023],[1957,11330,1986],{"className":11331},[2046],[1957,11333,9761],{"className":11334,"style":5028},[2022,2023],[1957,11336,6651],{"className":11337},[2022],[1957,11339,10400],{"className":11340},[2022,2023],[1957,11342,2000],{"className":11343},[2064],"，并支付等于期望生产力的工资：",[1957,11346,11348],{"className":11347},[2962],[1957,11349,11351,11441],{"className":11350},[1960],[1957,11352,11354],{"className":11353},[1964],[1966,11355,11356],{"xmlns":1968,"display":2971},[1970,11357,11358,11438],{},[1973,11359,11360,11362,11364,11366,11368,11370,11372,11374,11376,11378,11380,11382,11384,11386,11388,11390,11392,11398,11400,11402,11404,11406,11412,11414,11416,11418,11424,11426,11428,11430,11432],{},[1976,11361,11006],{},[1980,11363,1986],{"stretchy":1985},[1976,11365,10400],{},[1980,11367,2000],{"stretchy":1985},[1980,11369,2158],{},[1976,11371,2978],{},[1980,11373,2981],{"stretchy":1985},[1976,11375,10124],{},[1976,11377,6651],{"mathvariant":5226},[1976,11379,9761],{},[1980,11381,1994],{"separator":1993},[1976,11383,10400],{},[1980,11385,2991],{"stretchy":1985},[1980,11387,2158],{},[1976,11389,11303],{},[1980,11391,1986],{"stretchy":1985},[4667,11393,11394,11396],{},[1976,11395,9761],{},[1976,11397,2152],{},[1976,11399,6651],{"mathvariant":5226},[1976,11401,10400],{},[1980,11403,2000],{"stretchy":1985},[1980,11405,3031],{},[4667,11407,11408,11410],{},[1976,11409,10124],{},[1976,11411,2152],{},[1980,11413,3006],{},[1976,11415,11303],{},[1980,11417,1986],{"stretchy":1985},[4667,11419,11420,11422],{},[1976,11421,9761],{},[1976,11423,2285],{},[1976,11425,6651],{"mathvariant":5226},[1976,11427,10400],{},[1980,11429,2000],{"stretchy":1985},[1980,11431,3031],{},[4667,11433,11434,11436],{},[1976,11435,10124],{},[1976,11437,2285],{},[2002,11439,11440],{"encoding":2004},"w(e) = E[y|\\theta, e] = \\mu(\\theta_H|e) \\cdot y_H + \\mu(\\theta_L|e) \\cdot y_L",[1957,11442,11444,11471,11513,11583,11639,11709],{"className":11443,"ariaHidden":1993},[2009],[1957,11445,11447,11450,11453,11456,11459,11462,11465,11468],{"className":11446},[2013],[1957,11448],{"className":11449,"style":2042},[2017],[1957,11451,11006],{"className":11452,"style":11119},[2022,2023],[1957,11454,1986],{"className":11455},[2046],[1957,11457,10400],{"className":11458},[2022,2023],[1957,11460,2000],{"className":11461},[2064],[1957,11463],{"className":11464,"style":2028},[2027],[1957,11466,2158],{"className":11467},[2032],[1957,11469],{"className":11470,"style":2028},[2027],[1957,11472,11474,11477,11480,11483,11486,11489,11492,11495,11498,11501,11504,11507,11510],{"className":11473},[2013],[1957,11475],{"className":11476,"style":2042},[2017],[1957,11478,2978],{"className":11479,"style":3066},[2022,2023],[1957,11481,2981],{"className":11482},[2046],[1957,11484,10124],{"className":11485,"style":2181},[2022,2023],[1957,11487,6651],{"className":11488},[2022],[1957,11490,9761],{"className":11491,"style":5028},[2022,2023],[1957,11493,1994],{"className":11494},[2053],[1957,11496],{"className":11497,"style":2057},[2027],[1957,11499,10400],{"className":11500},[2022,2023],[1957,11502,2991],{"className":11503},[2064],[1957,11505],{"className":11506,"style":2028},[2027],[1957,11508,2158],{"className":11509},[2032],[1957,11511],{"className":11512,"style":2028},[2027],[1957,11514,11516,11519,11522,11525,11565,11568,11571,11574,11577,11580],{"className":11515},[2013],[1957,11517],{"className":11518,"style":2042},[2017],[1957,11520,11303],{"className":11521},[2022,2023],[1957,11523,1986],{"className":11524},[2046],[1957,11526,11528,11531],{"className":11527},[2022],[1957,11529,9761],{"className":11530,"style":5028},[2022,2023],[1957,11532,11534],{"className":11533},[2185],[1957,11535,11537,11557],{"className":11536},[2189,2190],[1957,11538,11540,11554],{"className":11539},[2194],[1957,11541,11543],{"className":11542,"style":4703},[2198],[1957,11544,11545,11548],{"style":9797},[1957,11546],{"className":11547,"style":2207},[2206],[1957,11549,11551],{"className":11550},[2211,2212,2213,2214],[1957,11552,2152],{"className":11553,"style":2218},[2022,2023,2214],[1957,11555,2235],{"className":11556},[2234],[1957,11558,11560],{"className":11559},[2194],[1957,11561,11563],{"className":11562,"style":4725},[2198],[1957,11564],{},[1957,11566,6651],{"className":11567},[2022],[1957,11569,10400],{"className":11570},[2022,2023],[1957,11572,2000],{"className":11573},[2064],[1957,11575],{"className":11576,"style":2104},[2027],[1957,11578,3031],{"className":11579},[2108],[1957,11581],{"className":11582,"style":2104},[2027],[1957,11584,11586,11590,11630,11633,11636],{"className":11585},[2013],[1957,11587],{"className":11588,"style":11589},[2017],"height:0.7778em;vertical-align:-0.1944em;",[1957,11591,11593,11596],{"className":11592},[2022],[1957,11594,10124],{"className":11595,"style":2181},[2022,2023],[1957,11597,11599],{"className":11598},[2185],[1957,11600,11602,11622],{"className":11601},[2189,2190],[1957,11603,11605,11619],{"className":11604},[2194],[1957,11606,11608],{"className":11607,"style":4703},[2198],[1957,11609,11610,11613],{"style":6226},[1957,11611],{"className":11612,"style":2207},[2206],[1957,11614,11616],{"className":11615},[2211,2212,2213,2214],[1957,11617,2152],{"className":11618,"style":2218},[2022,2023,2214],[1957,11620,2235],{"className":11621},[2234],[1957,11623,11625],{"className":11624},[2194],[1957,11626,11628],{"className":11627,"style":4725},[2198],[1957,11629],{},[1957,11631],{"className":11632,"style":2104},[2027],[1957,11634,3006],{"className":11635},[2108],[1957,11637],{"className":11638,"style":2104},[2027],[1957,11640,11642,11645,11648,11651,11691,11694,11697,11700,11703,11706],{"className":11641},[2013],[1957,11643],{"className":11644,"style":2042},[2017],[1957,11646,11303],{"className":11647},[2022,2023],[1957,11649,1986],{"className":11650},[2046],[1957,11652,11654,11657],{"className":11653},[2022],[1957,11655,9761],{"className":11656,"style":5028},[2022,2023],[1957,11658,11660],{"className":11659},[2185],[1957,11661,11663,11683],{"className":11662},[2189,2190],[1957,11664,11666,11680],{"className":11665},[2194],[1957,11667,11669],{"className":11668,"style":4703},[2198],[1957,11670,11671,11674],{"style":9797},[1957,11672],{"className":11673,"style":2207},[2206],[1957,11675,11677],{"className":11676},[2211,2212,2213,2214],[1957,11678,2285],{"className":11679},[2022,2023,2214],[1957,11681,2235],{"className":11682},[2234],[1957,11684,11686],{"className":11685},[2194],[1957,11687,11689],{"className":11688,"style":4725},[2198],[1957,11690],{},[1957,11692,6651],{"className":11693},[2022],[1957,11695,10400],{"className":11696},[2022,2023],[1957,11698,2000],{"className":11699},[2064],[1957,11701],{"className":11702,"style":2104},[2027],[1957,11704,3031],{"className":11705},[2108],[1957,11707],{"className":11708,"style":2104},[2027],[1957,11710,11712,11715],{"className":11711},[2013],[1957,11713],{"className":11714,"style":2954},[2017],[1957,11716,11718,11721],{"className":11717},[2022],[1957,11719,10124],{"className":11720,"style":2181},[2022,2023],[1957,11722,11724],{"className":11723},[2185],[1957,11725,11727,11747],{"className":11726},[2189,2190],[1957,11728,11730,11744],{"className":11729},[2194],[1957,11731,11733],{"className":11732,"style":4703},[2198],[1957,11734,11735,11738],{"style":6226},[1957,11736],{"className":11737,"style":2207},[2206],[1957,11739,11741],{"className":11740},[2211,2212,2213,2214],[1957,11742,2285],{"className":11743},[2022,2023,2214],[1957,11745,2235],{"className":11746},[2234],[1957,11748,11750],{"className":11749},[2194],[1957,11751,11753],{"className":11752,"style":4725},[2198],[1957,11754],{},[1883,11756,11758],{"id":11757},"_22-分离均衡-separating-equilibrium","2.2 分离均衡 (Separating Equilibrium)",[1798,11760,11761,11762,2922],{},"在分离均衡中，不同类型选择不同的教育水平：",[1957,11763,11765,11792],{"className":11764},[1960],[1957,11766,11768],{"className":11767},[1964],[1966,11769,11770],{"xmlns":1968},[1970,11771,11772,11789],{},[1973,11773,11774,11780,11783],{},[4667,11775,11776,11778],{},[1976,11777,10400],{},[1976,11779,2152],{},[1980,11781,11782],{"mathvariant":5226},"≠",[4667,11784,11785,11787],{},[1976,11786,10400],{},[1976,11788,2285],{},[2002,11790,11791],{"encoding":2004},"e_H \\neq e_L",[1957,11793,11795,11891],{"className":11794,"ariaHidden":1993},[2009],[1957,11796,11798,11802,11842,11845,11888],{"className":11797},[2013],[1957,11799],{"className":11800,"style":11801},[2017],"height:0.8889em;vertical-align:-0.1944em;",[1957,11803,11805,11808],{"className":11804},[2022],[1957,11806,10400],{"className":11807},[2022,2023],[1957,11809,11811],{"className":11810},[2185],[1957,11812,11814,11834],{"className":11813},[2189,2190],[1957,11815,11817,11831],{"className":11816},[2194],[1957,11818,11820],{"className":11819,"style":4703},[2198],[1957,11821,11822,11825],{"style":4706},[1957,11823],{"className":11824,"style":2207},[2206],[1957,11826,11828],{"className":11827},[2211,2212,2213,2214],[1957,11829,2152],{"className":11830,"style":2218},[2022,2023,2214],[1957,11832,2235],{"className":11833},[2234],[1957,11835,11837],{"className":11836},[2194],[1957,11838,11840],{"className":11839,"style":4725},[2198],[1957,11841],{},[1957,11843],{"className":11844,"style":2028},[2027],[1957,11846,11848,11881,11885],{"className":11847},[2032],[1957,11849,11851],{"className":11850},[2032],[1957,11852,11855],{"className":11853},[2022,11854],"vbox",[1957,11856,11859],{"className":11857},[11858],"thinbox",[1957,11860,11863,11866,11877],{"className":11861},[11862],"rlap",[1957,11864],{"className":11865,"style":11801},[2017],[1957,11867,11870],{"className":11868},[11869],"inner",[1957,11871,11873],{"className":11872},[2022],[1957,11874,11876],{"className":11875},[2032],"",[1957,11878],{"className":11879},[11880],"fix",[1957,11882],{"className":11883},[2027,11884],"nobreak",[1957,11886,2158],{"className":11887},[2032],[1957,11889],{"className":11890,"style":2028},[2027],[1957,11892,11894,11897],{"className":11893},[2013],[1957,11895],{"className":11896,"style":6317},[2017],[1957,11898,11900,11903],{"className":11899},[2022],[1957,11901,10400],{"className":11902},[2022,2023],[1957,11904,11906],{"className":11905},[2185],[1957,11907,11909,11929],{"className":11908},[2189,2190],[1957,11910,11912,11926],{"className":11911},[2194],[1957,11913,11915],{"className":11914,"style":4703},[2198],[1957,11916,11917,11920],{"style":4706},[1957,11918],{"className":11919,"style":2207},[2206],[1957,11921,11923],{"className":11922},[2211,2212,2213,2214],[1957,11924,2285],{"className":11925},[2022,2023,2214],[1957,11927,2235],{"className":11928},[2234],[1957,11930,11932],{"className":11931},[2194],[1957,11933,11935],{"className":11934,"style":4725},[2198],[1957,11936],{},[1798,11938,11939,1944],{},[1845,11940,11941],{},"候选均衡",[1805,11943,11944,12054,12162],{},[1808,11945,11946,11947],{},"高能力工人选择 ",[1957,11948,11950,11974],{"className":11949},[1960],[1957,11951,11953],{"className":11952},[1964],[1966,11954,11955],{"xmlns":1968},[1970,11956,11957,11971],{},[1973,11958,11959,11967,11969],{},[2145,11960,11961,11963,11965],{},[1976,11962,10400],{},[1976,11964,2152],{},[1980,11966,4109],{},[1980,11968,2620],{},[1988,11970,1990],{},[2002,11972,11973],{"encoding":2004},"e_H^* > 0",[1957,11975,11977,12045],{"className":11976,"ariaHidden":1993},[2009],[1957,11978,11980,11984,12036,12039,12042],{"className":11979},[2013],[1957,11981],{"className":11982,"style":11983},[2017],"height:0.964em;vertical-align:-0.2753em;",[1957,11985,11987,11990],{"className":11986},[2022],[1957,11988,10400],{"className":11989},[2022,2023],[1957,11991,11993],{"className":11992},[2185],[1957,11994,11996,12028],{"className":11995},[2189,2190],[1957,11997,11999,12025],{"className":11998},[2194],[1957,12000,12002,12014],{"className":12001,"style":4145},[2198],[1957,12003,12005,12008],{"style":12004},"top:-2.4247em;margin-left:0em;margin-right:0.05em;",[1957,12006],{"className":12007,"style":2207},[2206],[1957,12009,12011],{"className":12010},[2211,2212,2213,2214],[1957,12012,2152],{"className":12013,"style":2218},[2022,2023,2214],[1957,12015,12016,12019],{"style":2221},[1957,12017],{"className":12018,"style":2207},[2206],[1957,12020,12022],{"className":12021},[2211,2212,2213,2214],[1957,12023,4109],{"className":12024},[2108,2214],[1957,12026,2235],{"className":12027},[2234],[1957,12029,12031],{"className":12030},[2194],[1957,12032,12034],{"className":12033,"style":2242},[2198],[1957,12035],{},[1957,12037],{"className":12038,"style":2028},[2027],[1957,12040,2620],{"className":12041},[2032],[1957,12043],{"className":12044,"style":2028},[2027],[1957,12046,12048,12051],{"className":12047},[2013],[1957,12049],{"className":12050,"style":2260},[2017],[1957,12052,1990],{"className":12053},[2022],[1808,12055,12056,12057],{},"低能力工人选择 ",[1957,12058,12060,12084],{"className":12059},[1960],[1957,12061,12063],{"className":12062},[1964],[1966,12064,12065],{"xmlns":1968},[1970,12066,12067,12081],{},[1973,12068,12069,12077,12079],{},[2145,12070,12071,12073,12075],{},[1976,12072,10400],{},[1976,12074,2285],{},[1980,12076,4109],{},[1980,12078,2158],{},[1988,12080,1990],{},[2002,12082,12083],{"encoding":2004},"e_L^* = 0",[1957,12085,12087,12153],{"className":12086,"ariaHidden":1993},[2009],[1957,12088,12090,12093,12144,12147,12150],{"className":12089},[2013],[1957,12091],{"className":12092,"style":11983},[2017],[1957,12094,12096,12099],{"className":12095},[2022],[1957,12097,10400],{"className":12098},[2022,2023],[1957,12100,12102],{"className":12101},[2185],[1957,12103,12105,12136],{"className":12104},[2189,2190],[1957,12106,12108,12133],{"className":12107},[2194],[1957,12109,12111,12122],{"className":12110,"style":4145},[2198],[1957,12112,12113,12116],{"style":12004},[1957,12114],{"className":12115,"style":2207},[2206],[1957,12117,12119],{"className":12118},[2211,2212,2213,2214],[1957,12120,2285],{"className":12121},[2022,2023,2214],[1957,12123,12124,12127],{"style":2221},[1957,12125],{"className":12126,"style":2207},[2206],[1957,12128,12130],{"className":12129},[2211,2212,2213,2214],[1957,12131,4109],{"className":12132},[2108,2214],[1957,12134,2235],{"className":12135},[2234],[1957,12137,12139],{"className":12138},[2194],[1957,12140,12142],{"className":12141,"style":2242},[2198],[1957,12143],{},[1957,12145],{"className":12146,"style":2028},[2027],[1957,12148,2158],{"className":12149},[2032],[1957,12151],{"className":12152,"style":2028},[2027],[1957,12154,12156,12159],{"className":12155},[2013],[1957,12157],{"className":12158,"style":2260},[2017],[1957,12160,1990],{"className":12161},[2022],[1808,12163,12164,12165,12327,12328],{},"雇主信念：",[1957,12166,12168,12202],{"className":12167},[1960],[1957,12169,12171],{"className":12170},[1964],[1966,12172,12173],{"xmlns":1968},[1970,12174,12175,12199],{},[1973,12176,12177,12179,12181,12189,12191,12193],{},[1976,12178,11006],{},[1980,12180,1986],{"stretchy":1985},[2145,12182,12183,12185,12187],{},[1976,12184,10400],{},[1976,12186,2152],{},[1980,12188,4109],{},[1980,12190,2000],{"stretchy":1985},[1980,12192,2158],{},[4667,12194,12195,12197],{},[1976,12196,10124],{},[1976,12198,2152],{},[2002,12200,12201],{"encoding":2004},"w(e_H^*) = y_H",[1957,12203,12205,12281],{"className":12204,"ariaHidden":1993},[2009],[1957,12206,12208,12212,12215,12218,12269,12272,12275,12278],{"className":12207},[2013],[1957,12209],{"className":12210,"style":12211},[2017],"height:1.0253em;vertical-align:-0.2753em;",[1957,12213,11006],{"className":12214,"style":11119},[2022,2023],[1957,12216,1986],{"className":12217},[2046],[1957,12219,12221,12224],{"className":12220},[2022],[1957,12222,10400],{"className":12223},[2022,2023],[1957,12225,12227],{"className":12226},[2185],[1957,12228,12230,12261],{"className":12229},[2189,2190],[1957,12231,12233,12258],{"className":12232},[2194],[1957,12234,12236,12247],{"className":12235,"style":4145},[2198],[1957,12237,12238,12241],{"style":12004},[1957,12239],{"className":12240,"style":2207},[2206],[1957,12242,12244],{"className":12243},[2211,2212,2213,2214],[1957,12245,2152],{"className":12246,"style":2218},[2022,2023,2214],[1957,12248,12249,12252],{"style":2221},[1957,12250],{"className":12251,"style":2207},[2206],[1957,12253,12255],{"className":12254},[2211,2212,2213,2214],[1957,12256,4109],{"className":12257},[2108,2214],[1957,12259,2235],{"className":12260},[2234],[1957,12262,12264],{"className":12263},[2194],[1957,12265,12267],{"className":12266,"style":2242},[2198],[1957,12268],{},[1957,12270,2000],{"className":12271},[2064],[1957,12273],{"className":12274,"style":2028},[2027],[1957,12276,2158],{"className":12277},[2032],[1957,12279],{"className":12280,"style":2028},[2027],[1957,12282,12284,12287],{"className":12283},[2013],[1957,12285],{"className":12286,"style":2954},[2017],[1957,12288,12290,12293],{"className":12289},[2022],[1957,12291,10124],{"className":12292,"style":2181},[2022,2023],[1957,12294,12296],{"className":12295},[2185],[1957,12297,12299,12319],{"className":12298},[2189,2190],[1957,12300,12302,12316],{"className":12301},[2194],[1957,12303,12305],{"className":12304,"style":4703},[2198],[1957,12306,12307,12310],{"style":6226},[1957,12308],{"className":12309,"style":2207},[2206],[1957,12311,12313],{"className":12312},[2211,2212,2213,2214],[1957,12314,2152],{"className":12315,"style":2218},[2022,2023,2214],[1957,12317,2235],{"className":12318},[2234],[1957,12320,12322],{"className":12321},[2194],[1957,12323,12325],{"className":12324,"style":4725},[2198],[1957,12326],{},"，",[1957,12329,12331,12359],{"className":12330},[1960],[1957,12332,12334],{"className":12333},[1964],[1966,12335,12336],{"xmlns":1968},[1970,12337,12338,12356],{},[1973,12339,12340,12342,12344,12346,12348,12350],{},[1976,12341,11006],{},[1980,12343,1986],{"stretchy":1985},[1988,12345,1990],{},[1980,12347,2000],{"stretchy":1985},[1980,12349,2158],{},[4667,12351,12352,12354],{},[1976,12353,10124],{},[1976,12355,2285],{},[2002,12357,12358],{"encoding":2004},"w(0) = y_L",[1957,12360,12362,12389],{"className":12361,"ariaHidden":1993},[2009],[1957,12363,12365,12368,12371,12374,12377,12380,12383,12386],{"className":12364},[2013],[1957,12366],{"className":12367,"style":2042},[2017],[1957,12369,11006],{"className":12370,"style":11119},[2022,2023],[1957,12372,1986],{"className":12373},[2046],[1957,12375,1990],{"className":12376},[2022],[1957,12378,2000],{"className":12379},[2064],[1957,12381],{"className":12382,"style":2028},[2027],[1957,12384,2158],{"className":12385},[2032],[1957,12387],{"className":12388,"style":2028},[2027],[1957,12390,12392,12395],{"className":12391},[2013],[1957,12393],{"className":12394,"style":2954},[2017],[1957,12396,12398,12401],{"className":12397},[2022],[1957,12399,10124],{"className":12400,"style":2181},[2022,2023],[1957,12402,12404],{"className":12403},[2185],[1957,12405,12407,12427],{"className":12406},[2189,2190],[1957,12408,12410,12424],{"className":12409},[2194],[1957,12411,12413],{"className":12412,"style":4703},[2198],[1957,12414,12415,12418],{"style":6226},[1957,12416],{"className":12417,"style":2207},[2206],[1957,12419,12421],{"className":12420},[2211,2212,2213,2214],[1957,12422,2285],{"className":12423},[2022,2023,2214],[1957,12425,2235],{"className":12426},[2234],[1957,12428,12430],{"className":12429},[2194],[1957,12431,12433],{"className":12432,"style":4725},[2198],[1957,12434],{},[1798,12436,12437,1944],{},[1845,12438,12439],{},"均衡条件",[1887,12441,12442,13130],{},[1808,12443,12444,1944,12447,12810,12813,12814],{},[1845,12445,12446],{},"高能力工人的激励相容 (IC-H)",[1957,12448,12450],{"className":12449},[2962],[1957,12451,12453,12509],{"className":12452},[1960],[1957,12454,12456],{"className":12455},[1964],[1966,12457,12458],{"xmlns":1968,"display":2971},[1970,12459,12460,12506],{},[1973,12461,12462,12468,12470,12476,12478,12486,12488,12494,12496,12502,12504],{},[4667,12463,12464,12466],{},[1976,12465,10124],{},[1976,12467,2152],{},[1980,12469,2082],{},[4667,12471,12472,12474],{},[1976,12473,10469],{},[1976,12475,2152],{},[1980,12477,3031],{},[2145,12479,12480,12482,12484],{},[1976,12481,10400],{},[1976,12483,2152],{},[1980,12485,4109],{},[1980,12487,4202],{},[4667,12489,12490,12492],{},[1976,12491,10124],{},[1976,12493,2285],{},[1980,12495,2082],{},[4667,12497,12498,12500],{},[1976,12499,10469],{},[1976,12501,2152],{},[1980,12503,3031],{},[1988,12505,1990],{},[2002,12507,12508],{"encoding":2004},"y_H - c_H \\cdot e_H^* \\geq y_L - c_H \\cdot 0",[1957,12510,12512,12567,12622,12691,12746,12801],{"className":12511,"ariaHidden":1993},[2009],[1957,12513,12515,12518,12558,12561,12564],{"className":12514},[2013],[1957,12516],{"className":12517,"style":11589},[2017],[1957,12519,12521,12524],{"className":12520},[2022],[1957,12522,10124],{"className":12523,"style":2181},[2022,2023],[1957,12525,12527],{"className":12526},[2185],[1957,12528,12530,12550],{"className":12529},[2189,2190],[1957,12531,12533,12547],{"className":12532},[2194],[1957,12534,12536],{"className":12535,"style":4703},[2198],[1957,12537,12538,12541],{"style":6226},[1957,12539],{"className":12540,"style":2207},[2206],[1957,12542,12544],{"className":12543},[2211,2212,2213,2214],[1957,12545,2152],{"className":12546,"style":2218},[2022,2023,2214],[1957,12548,2235],{"className":12549},[2234],[1957,12551,12553],{"className":12552},[2194],[1957,12554,12556],{"className":12555,"style":4725},[2198],[1957,12557],{},[1957,12559],{"className":12560,"style":2104},[2027],[1957,12562,2082],{"className":12563},[2108],[1957,12565],{"className":12566,"style":2104},[2027],[1957,12568,12570,12573,12613,12616,12619],{"className":12569},[2013],[1957,12571],{"className":12572,"style":10581},[2017],[1957,12574,12576,12579],{"className":12575},[2022],[1957,12577,10469],{"className":12578},[2022,2023],[1957,12580,12582],{"className":12581},[2185],[1957,12583,12585,12605],{"className":12584},[2189,2190],[1957,12586,12588,12602],{"className":12587},[2194],[1957,12589,12591],{"className":12590,"style":4703},[2198],[1957,12592,12593,12596],{"style":4706},[1957,12594],{"className":12595,"style":2207},[2206],[1957,12597,12599],{"className":12598},[2211,2212,2213,2214],[1957,12600,2152],{"className":12601,"style":2218},[2022,2023,2214],[1957,12603,2235],{"className":12604},[2234],[1957,12606,12608],{"className":12607},[2194],[1957,12609,12611],{"className":12610,"style":4725},[2198],[1957,12612],{},[1957,12614],{"className":12615,"style":2104},[2027],[1957,12617,3031],{"className":12618},[2108],[1957,12620],{"className":12621,"style":2104},[2027],[1957,12623,12625,12629,12682,12685,12688],{"className":12624},[2013],[1957,12626],{"className":12627,"style":12628},[2017],"height:0.9857em;vertical-align:-0.247em;",[1957,12630,12632,12635],{"className":12631},[2022],[1957,12633,10400],{"className":12634},[2022,2023],[1957,12636,12638],{"className":12637},[2185],[1957,12639,12641,12674],{"className":12640},[2189,2190],[1957,12642,12644,12671],{"className":12643},[2194],[1957,12645,12648,12660],{"className":12646,"style":12647},[2198],"height:0.7387em;",[1957,12649,12651,12654],{"style":12650},"top:-2.453em;margin-left:0em;margin-right:0.05em;",[1957,12652],{"className":12653,"style":2207},[2206],[1957,12655,12657],{"className":12656},[2211,2212,2213,2214],[1957,12658,2152],{"className":12659,"style":2218},[2022,2023,2214],[1957,12661,12662,12665],{"style":3091},[1957,12663],{"className":12664,"style":2207},[2206],[1957,12666,12668],{"className":12667},[2211,2212,2213,2214],[1957,12669,4109],{"className":12670},[2108,2214],[1957,12672,2235],{"className":12673},[2234],[1957,12675,12677],{"className":12676},[2194],[1957,12678,12680],{"className":12679,"style":3173},[2198],[1957,12681],{},[1957,12683],{"className":12684,"style":2028},[2027],[1957,12686,4202],{"className":12687},[2032],[1957,12689],{"className":12690,"style":2028},[2027],[1957,12692,12694,12697,12737,12740,12743],{"className":12693},[2013],[1957,12695],{"className":12696,"style":11589},[2017],[1957,12698,12700,12703],{"className":12699},[2022],[1957,12701,10124],{"className":12702,"style":2181},[2022,2023],[1957,12704,12706],{"className":12705},[2185],[1957,12707,12709,12729],{"className":12708},[2189,2190],[1957,12710,12712,12726],{"className":12711},[2194],[1957,12713,12715],{"className":12714,"style":4703},[2198],[1957,12716,12717,12720],{"style":6226},[1957,12718],{"className":12719,"style":2207},[2206],[1957,12721,12723],{"className":12722},[2211,2212,2213,2214],[1957,12724,2285],{"className":12725},[2022,2023,2214],[1957,12727,2235],{"className":12728},[2234],[1957,12730,12732],{"className":12731},[2194],[1957,12733,12735],{"className":12734,"style":4725},[2198],[1957,12736],{},[1957,12738],{"className":12739,"style":2104},[2027],[1957,12741,2082],{"className":12742},[2108],[1957,12744],{"className":12745,"style":2104},[2027],[1957,12747,12749,12752,12792,12795,12798],{"className":12748},[2013],[1957,12750],{"className":12751,"style":10581},[2017],[1957,12753,12755,12758],{"className":12754},[2022],[1957,12756,10469],{"className":12757},[2022,2023],[1957,12759,12761],{"className":12760},[2185],[1957,12762,12764,12784],{"className":12763},[2189,2190],[1957,12765,12767,12781],{"className":12766},[2194],[1957,12768,12770],{"className":12769,"style":4703},[2198],[1957,12771,12772,12775],{"style":4706},[1957,12773],{"className":12774,"style":2207},[2206],[1957,12776,12778],{"className":12777},[2211,2212,2213,2214],[1957,12779,2152],{"className":12780,"style":2218},[2022,2023,2214],[1957,12782,2235],{"className":12783},[2234],[1957,12785,12787],{"className":12786},[2194],[1957,12788,12790],{"className":12789,"style":4725},[2198],[1957,12791],{},[1957,12793],{"className":12794,"style":2104},[2027],[1957,12796,3031],{"className":12797},[2108],[1957,12799],{"className":12800,"style":2104},[2027],[1957,12802,12804,12807],{"className":12803},[2013],[1957,12805],{"className":12806,"style":2260},[2017],[1957,12808,1990],{"className":12809},[2022],[12811,12812],"br",{},"即：",[1957,12815,12817],{"className":12816},[2962],[1957,12818,12820,12867],{"className":12819},[1960],[1957,12821,12823],{"className":12822},[1964],[1966,12824,12825],{"xmlns":1968,"display":2971},[1970,12826,12827,12864],{},[1973,12828,12829,12837,12840],{},[2145,12830,12831,12833,12835],{},[1976,12832,10400],{},[1976,12834,2152],{},[1980,12836,4109],{},[1980,12838,12839],{},"≤",[3568,12841,12842,12858],{},[1973,12843,12844,12850,12852],{},[4667,12845,12846,12848],{},[1976,12847,10124],{},[1976,12849,2152],{},[1980,12851,2082],{},[4667,12853,12854,12856],{},[1976,12855,10124],{},[1976,12857,2285],{},[4667,12859,12860,12862],{},[1976,12861,10469],{},[1976,12863,2152],{},[2002,12865,12866],{"encoding":2004},"e_H^* \\leq \\frac{y_H - y_L}{c_H}",[1957,12868,12870,12936],{"className":12869,"ariaHidden":1993},[2009],[1957,12871,12873,12876,12927,12930,12933],{"className":12872},[2013],[1957,12874],{"className":12875,"style":12628},[2017],[1957,12877,12879,12882],{"className":12878},[2022],[1957,12880,10400],{"className":12881},[2022,2023],[1957,12883,12885],{"className":12884},[2185],[1957,12886,12888,12919],{"className":12887},[2189,2190],[1957,12889,12891,12916],{"className":12890},[2194],[1957,12892,12894,12905],{"className":12893,"style":12647},[2198],[1957,12895,12896,12899],{"style":12650},[1957,12897],{"className":12898,"style":2207},[2206],[1957,12900,12902],{"className":12901},[2211,2212,2213,2214],[1957,12903,2152],{"className":12904,"style":2218},[2022,2023,2214],[1957,12906,12907,12910],{"style":3091},[1957,12908],{"className":12909,"style":2207},[2206],[1957,12911,12913],{"className":12912},[2211,2212,2213,2214],[1957,12914,4109],{"className":12915},[2108,2214],[1957,12917,2235],{"className":12918},[2234],[1957,12920,12922],{"className":12921},[2194],[1957,12923,12925],{"className":12924,"style":3173},[2198],[1957,12926],{},[1957,12928],{"className":12929,"style":2028},[2027],[1957,12931,12839],{"className":12932},[2032],[1957,12934],{"className":12935,"style":2028},[2027],[1957,12937,12939,12943],{"className":12938},[2013],[1957,12940],{"className":12941,"style":12942},[2017],"height:2.0963em;vertical-align:-0.836em;",[1957,12944,12946,12949,13127],{"className":12945},[2022],[1957,12947],{"className":12948},[2046,3633],[1957,12950,12952],{"className":12951},[3568],[1957,12953,12955,13118],{"className":12954},[2189,2190],[1957,12956,12958,13115],{"className":12957},[2194],[1957,12959,12962,13010,13018],{"className":12960,"style":12961},[2198],"height:1.2603em;",[1957,12963,12964,12967],{"style":6808},[1957,12965],{"className":12966,"style":3653},[2206],[1957,12968,12970],{"className":12969},[2022],[1957,12971,12973,12976],{"className":12972},[2022],[1957,12974,10469],{"className":12975},[2022,2023],[1957,12977,12979],{"className":12978},[2185],[1957,12980,12982,13002],{"className":12981},[2189,2190],[1957,12983,12985,12999],{"className":12984},[2194],[1957,12986,12988],{"className":12987,"style":4703},[2198],[1957,12989,12990,12993],{"style":4706},[1957,12991],{"className":12992,"style":2207},[2206],[1957,12994,12996],{"className":12995},[2211,2212,2213,2214],[1957,12997,2152],{"className":12998,"style":2218},[2022,2023,2214],[1957,13000,2235],{"className":13001},[2234],[1957,13003,13005],{"className":13004},[2194],[1957,13006,13008],{"className":13007,"style":4725},[2198],[1957,13009],{},[1957,13011,13012,13015],{"style":3671},[1957,13013],{"className":13014,"style":3653},[2206],[1957,13016],{"className":13017,"style":3679},[3678],[1957,13019,13020,13023],{"style":6831},[1957,13021],{"className":13022,"style":3653},[2206],[1957,13024,13026,13066,13069,13072,13075],{"className":13025},[2022],[1957,13027,13029,13032],{"className":13028},[2022],[1957,13030,10124],{"className":13031,"style":2181},[2022,2023],[1957,13033,13035],{"className":13034},[2185],[1957,13036,13038,13058],{"className":13037},[2189,2190],[1957,13039,13041,13055],{"className":13040},[2194],[1957,13042,13044],{"className":13043,"style":4703},[2198],[1957,13045,13046,13049],{"style":6226},[1957,13047],{"className":13048,"style":2207},[2206],[1957,13050,13052],{"className":13051},[2211,2212,2213,2214],[1957,13053,2152],{"className":13054,"style":2218},[2022,2023,2214],[1957,13056,2235],{"className":13057},[2234],[1957,13059,13061],{"className":13060},[2194],[1957,13062,13064],{"className":13063,"style":4725},[2198],[1957,13065],{},[1957,13067],{"className":13068,"style":2104},[2027],[1957,13070,2082],{"className":13071},[2108],[1957,13073],{"className":13074,"style":2104},[2027],[1957,13076,13078,13081],{"className":13077},[2022],[1957,13079,10124],{"className":13080,"style":2181},[2022,2023],[1957,13082,13084],{"className":13083},[2185],[1957,13085,13087,13107],{"className":13086},[2189,2190],[1957,13088,13090,13104],{"className":13089},[2194],[1957,13091,13093],{"className":13092,"style":4703},[2198],[1957,13094,13095,13098],{"style":6226},[1957,13096],{"className":13097,"style":2207},[2206],[1957,13099,13101],{"className":13100},[2211,2212,2213,2214],[1957,13102,2285],{"className":13103},[2022,2023,2214],[1957,13105,2235],{"className":13106},[2234],[1957,13108,13110],{"className":13109},[2194],[1957,13111,13113],{"className":13112,"style":4725},[2198],[1957,13114],{},[1957,13116,2235],{"className":13117},[2234],[1957,13119,13121],{"className":13120},[2194],[1957,13122,13125],{"className":13123,"style":13124},[2198],"height:0.836em;",[1957,13126],{},[1957,13128],{"className":13129},[2064,3633],[1808,13131,13132,1944,13135,13496,12813,13498],{},[1845,13133,13134],{},"低能力工人的激励相容 (IC-L)",[1957,13136,13138],{"className":13137},[2962],[1957,13139,13141,13197],{"className":13140},[1960],[1957,13142,13144],{"className":13143},[1964],[1966,13145,13146],{"xmlns":1968,"display":2971},[1970,13147,13148,13194],{},[1973,13149,13150,13156,13158,13164,13166,13168,13170,13176,13178,13184,13186],{},[4667,13151,13152,13154],{},[1976,13153,10124],{},[1976,13155,2285],{},[1980,13157,2082],{},[4667,13159,13160,13162],{},[1976,13161,10469],{},[1976,13163,2285],{},[1980,13165,3031],{},[1988,13167,1990],{},[1980,13169,4202],{},[4667,13171,13172,13174],{},[1976,13173,10124],{},[1976,13175,2152],{},[1980,13177,2082],{},[4667,13179,13180,13182],{},[1976,13181,10469],{},[1976,13183,2285],{},[1980,13185,3031],{},[2145,13187,13188,13190,13192],{},[1976,13189,10400],{},[1976,13191,2152],{},[1980,13193,4109],{},[2002,13195,13196],{"encoding":2004},"y_L - c_L \\cdot 0 \\geq y_H - c_L \\cdot e_H^*",[1957,13198,13200,13255,13310,13329,13384,13439],{"className":13199,"ariaHidden":1993},[2009],[1957,13201,13203,13206,13246,13249,13252],{"className":13202},[2013],[1957,13204],{"className":13205,"style":11589},[2017],[1957,13207,13209,13212],{"className":13208},[2022],[1957,13210,10124],{"className":13211,"style":2181},[2022,2023],[1957,13213,13215],{"className":13214},[2185],[1957,13216,13218,13238],{"className":13217},[2189,2190],[1957,13219,13221,13235],{"className":13220},[2194],[1957,13222,13224],{"className":13223,"style":4703},[2198],[1957,13225,13226,13229],{"style":6226},[1957,13227],{"className":13228,"style":2207},[2206],[1957,13230,13232],{"className":13231},[2211,2212,2213,2214],[1957,13233,2285],{"className":13234},[2022,2023,2214],[1957,13236,2235],{"className":13237},[2234],[1957,13239,13241],{"className":13240},[2194],[1957,13242,13244],{"className":13243,"style":4725},[2198],[1957,13245],{},[1957,13247],{"className":13248,"style":2104},[2027],[1957,13250,2082],{"className":13251},[2108],[1957,13253],{"className":13254,"style":2104},[2027],[1957,13256,13258,13261,13301,13304,13307],{"className":13257},[2013],[1957,13259],{"className":13260,"style":10581},[2017],[1957,13262,13264,13267],{"className":13263},[2022],[1957,13265,10469],{"className":13266},[2022,2023],[1957,13268,13270],{"className":13269},[2185],[1957,13271,13273,13293],{"className":13272},[2189,2190],[1957,13274,13276,13290],{"className":13275},[2194],[1957,13277,13279],{"className":13278,"style":4703},[2198],[1957,13280,13281,13284],{"style":4706},[1957,13282],{"className":13283,"style":2207},[2206],[1957,13285,13287],{"className":13286},[2211,2212,2213,2214],[1957,13288,2285],{"className":13289},[2022,2023,2214],[1957,13291,2235],{"className":13292},[2234],[1957,13294,13296],{"className":13295},[2194],[1957,13297,13299],{"className":13298,"style":4725},[2198],[1957,13300],{},[1957,13302],{"className":13303,"style":2104},[2027],[1957,13305,3031],{"className":13306},[2108],[1957,13308],{"className":13309,"style":2104},[2027],[1957,13311,13313,13317,13320,13323,13326],{"className":13312},[2013],[1957,13314],{"className":13315,"style":13316},[2017],"height:0.7804em;vertical-align:-0.136em;",[1957,13318,1990],{"className":13319},[2022],[1957,13321],{"className":13322,"style":2028},[2027],[1957,13324,4202],{"className":13325},[2032],[1957,13327],{"className":13328,"style":2028},[2027],[1957,13330,13332,13335,13375,13378,13381],{"className":13331},[2013],[1957,13333],{"className":13334,"style":11589},[2017],[1957,13336,13338,13341],{"className":13337},[2022],[1957,13339,10124],{"className":13340,"style":2181},[2022,2023],[1957,13342,13344],{"className":13343},[2185],[1957,13345,13347,13367],{"className":13346},[2189,2190],[1957,13348,13350,13364],{"className":13349},[2194],[1957,13351,13353],{"className":13352,"style":4703},[2198],[1957,13354,13355,13358],{"style":6226},[1957,13356],{"className":13357,"style":2207},[2206],[1957,13359,13361],{"className":13360},[2211,2212,2213,2214],[1957,13362,2152],{"className":13363,"style":2218},[2022,2023,2214],[1957,13365,2235],{"className":13366},[2234],[1957,13368,13370],{"className":13369},[2194],[1957,13371,13373],{"className":13372,"style":4725},[2198],[1957,13374],{},[1957,13376],{"className":13377,"style":2104},[2027],[1957,13379,2082],{"className":13380},[2108],[1957,13382],{"className":13383,"style":2104},[2027],[1957,13385,13387,13390,13430,13433,13436],{"className":13386},[2013],[1957,13388],{"className":13389,"style":10581},[2017],[1957,13391,13393,13396],{"className":13392},[2022],[1957,13394,10469],{"className":13395},[2022,2023],[1957,13397,13399],{"className":13398},[2185],[1957,13400,13402,13422],{"className":13401},[2189,2190],[1957,13403,13405,13419],{"className":13404},[2194],[1957,13406,13408],{"className":13407,"style":4703},[2198],[1957,13409,13410,13413],{"style":4706},[1957,13411],{"className":13412,"style":2207},[2206],[1957,13414,13416],{"className":13415},[2211,2212,2213,2214],[1957,13417,2285],{"className":13418},[2022,2023,2214],[1957,13420,2235],{"className":13421},[2234],[1957,13423,13425],{"className":13424},[2194],[1957,13426,13428],{"className":13427,"style":4725},[2198],[1957,13429],{},[1957,13431],{"className":13432,"style":2104},[2027],[1957,13434,3031],{"className":13435},[2108],[1957,13437],{"className":13438,"style":2104},[2027],[1957,13440,13442,13445],{"className":13441},[2013],[1957,13443],{"className":13444,"style":12628},[2017],[1957,13446,13448,13451],{"className":13447},[2022],[1957,13449,10400],{"className":13450},[2022,2023],[1957,13452,13454],{"className":13453},[2185],[1957,13455,13457,13488],{"className":13456},[2189,2190],[1957,13458,13460,13485],{"className":13459},[2194],[1957,13461,13463,13474],{"className":13462,"style":12647},[2198],[1957,13464,13465,13468],{"style":12650},[1957,13466],{"className":13467,"style":2207},[2206],[1957,13469,13471],{"className":13470},[2211,2212,2213,2214],[1957,13472,2152],{"className":13473,"style":2218},[2022,2023,2214],[1957,13475,13476,13479],{"style":3091},[1957,13477],{"className":13478,"style":2207},[2206],[1957,13480,13482],{"className":13481},[2211,2212,2213,2214],[1957,13483,4109],{"className":13484},[2108,2214],[1957,13486,2235],{"className":13487},[2234],[1957,13489,13491],{"className":13490},[2194],[1957,13492,13494],{"className":13493,"style":3173},[2198],[1957,13495],{},[12811,13497],{},[1957,13499,13501],{"className":13500},[2962],[1957,13502,13504,13550],{"className":13503},[1960],[1957,13505,13507],{"className":13506},[1964],[1966,13508,13509],{"xmlns":1968,"display":2971},[1970,13510,13511,13547],{},[1973,13512,13513,13521,13523],{},[2145,13514,13515,13517,13519],{},[1976,13516,10400],{},[1976,13518,2152],{},[1980,13520,4109],{},[1980,13522,4202],{},[3568,13524,13525,13541],{},[1973,13526,13527,13533,13535],{},[4667,13528,13529,13531],{},[1976,13530,10124],{},[1976,13532,2152],{},[1980,13534,2082],{},[4667,13536,13537,13539],{},[1976,13538,10124],{},[1976,13540,2285],{},[4667,13542,13543,13545],{},[1976,13544,10469],{},[1976,13546,2285],{},[2002,13548,13549],{"encoding":2004},"e_H^* \\geq \\frac{y_H - y_L}{c_L}",[1957,13551,13553,13619],{"className":13552,"ariaHidden":1993},[2009],[1957,13554,13556,13559,13610,13613,13616],{"className":13555},[2013],[1957,13557],{"className":13558,"style":12628},[2017],[1957,13560,13562,13565],{"className":13561},[2022],[1957,13563,10400],{"className":13564},[2022,2023],[1957,13566,13568],{"className":13567},[2185],[1957,13569,13571,13602],{"className":13570},[2189,2190],[1957,13572,13574,13599],{"className":13573},[2194],[1957,13575,13577,13588],{"className":13576,"style":12647},[2198],[1957,13578,13579,13582],{"style":12650},[1957,13580],{"className":13581,"style":2207},[2206],[1957,13583,13585],{"className":13584},[2211,2212,2213,2214],[1957,13586,2152],{"className":13587,"style":2218},[2022,2023,2214],[1957,13589,13590,13593],{"style":3091},[1957,13591],{"className":13592,"style":2207},[2206],[1957,13594,13596],{"className":13595},[2211,2212,2213,2214],[1957,13597,4109],{"className":13598},[2108,2214],[1957,13600,2235],{"className":13601},[2234],[1957,13603,13605],{"className":13604},[2194],[1957,13606,13608],{"className":13607,"style":3173},[2198],[1957,13609],{},[1957,13611],{"className":13612,"style":2028},[2027],[1957,13614,4202],{"className":13615},[2032],[1957,13617],{"className":13618,"style":2028},[2027],[1957,13620,13622,13625],{"className":13621},[2013],[1957,13623],{"className":13624,"style":12942},[2017],[1957,13626,13628,13631,13807],{"className":13627},[2022],[1957,13629],{"className":13630},[2046,3633],[1957,13632,13634],{"className":13633},[3568],[1957,13635,13637,13799],{"className":13636},[2189,2190],[1957,13638,13640,13796],{"className":13639},[2194],[1957,13641,13643,13691,13699],{"className":13642,"style":12961},[2198],[1957,13644,13645,13648],{"style":6808},[1957,13646],{"className":13647,"style":3653},[2206],[1957,13649,13651],{"className":13650},[2022],[1957,13652,13654,13657],{"className":13653},[2022],[1957,13655,10469],{"className":13656},[2022,2023],[1957,13658,13660],{"className":13659},[2185],[1957,13661,13663,13683],{"className":13662},[2189,2190],[1957,13664,13666,13680],{"className":13665},[2194],[1957,13667,13669],{"className":13668,"style":4703},[2198],[1957,13670,13671,13674],{"style":4706},[1957,13672],{"className":13673,"style":2207},[2206],[1957,13675,13677],{"className":13676},[2211,2212,2213,2214],[1957,13678,2285],{"className":13679},[2022,2023,2214],[1957,13681,2235],{"className":13682},[2234],[1957,13684,13686],{"className":13685},[2194],[1957,13687,13689],{"className":13688,"style":4725},[2198],[1957,13690],{},[1957,13692,13693,13696],{"style":3671},[1957,13694],{"className":13695,"style":3653},[2206],[1957,13697],{"className":13698,"style":3679},[3678],[1957,13700,13701,13704],{"style":6831},[1957,13702],{"className":13703,"style":3653},[2206],[1957,13705,13707,13747,13750,13753,13756],{"className":13706},[2022],[1957,13708,13710,13713],{"className":13709},[2022],[1957,13711,10124],{"className":13712,"style":2181},[2022,2023],[1957,13714,13716],{"className":13715},[2185],[1957,13717,13719,13739],{"className":13718},[2189,2190],[1957,13720,13722,13736],{"className":13721},[2194],[1957,13723,13725],{"className":13724,"style":4703},[2198],[1957,13726,13727,13730],{"style":6226},[1957,13728],{"className":13729,"style":2207},[2206],[1957,13731,13733],{"className":13732},[2211,2212,2213,2214],[1957,13734,2152],{"className":13735,"style":2218},[2022,2023,2214],[1957,13737,2235],{"className":13738},[2234],[1957,13740,13742],{"className":13741},[2194],[1957,13743,13745],{"className":13744,"style":4725},[2198],[1957,13746],{},[1957,13748],{"className":13749,"style":2104},[2027],[1957,13751,2082],{"className":13752},[2108],[1957,13754],{"className":13755,"style":2104},[2027],[1957,13757,13759,13762],{"className":13758},[2022],[1957,13760,10124],{"className":13761,"style":2181},[2022,2023],[1957,13763,13765],{"className":13764},[2185],[1957,13766,13768,13788],{"className":13767},[2189,2190],[1957,13769,13771,13785],{"className":13770},[2194],[1957,13772,13774],{"className":13773,"style":4703},[2198],[1957,13775,13776,13779],{"style":6226},[1957,13777],{"className":13778,"style":2207},[2206],[1957,13780,13782],{"className":13781},[2211,2212,2213,2214],[1957,13783,2285],{"className":13784},[2022,2023,2214],[1957,13786,2235],{"className":13787},[2234],[1957,13789,13791],{"className":13790},[2194],[1957,13792,13794],{"className":13793,"style":4725},[2198],[1957,13795],{},[1957,13797,2235],{"className":13798},[2234],[1957,13800,13802],{"className":13801},[2194],[1957,13803,13805],{"className":13804,"style":13124},[2198],[1957,13806],{},[1957,13808],{"className":13809},[2064,3633],[1798,13811,13812,1944],{},[1845,13813,13814],{},"分离均衡存在条件",[1957,13816,13818],{"className":13817},[2962],[1957,13819,13821,13893],{"className":13820},[1960],[1957,13822,13824],{"className":13823},[1964],[1966,13825,13826],{"xmlns":1968,"display":2971},[1970,13827,13828,13890],{},[1973,13829,13830,13854,13856,13864,13866],{},[3568,13831,13832,13848],{},[1973,13833,13834,13840,13842],{},[4667,13835,13836,13838],{},[1976,13837,10124],{},[1976,13839,2152],{},[1980,13841,2082],{},[4667,13843,13844,13846],{},[1976,13845,10124],{},[1976,13847,2285],{},[4667,13849,13850,13852],{},[1976,13851,10469],{},[1976,13853,2285],{},[1980,13855,12839],{},[2145,13857,13858,13860,13862],{},[1976,13859,10400],{},[1976,13861,2152],{},[1980,13863,4109],{},[1980,13865,12839],{},[3568,13867,13868,13884],{},[1973,13869,13870,13876,13878],{},[4667,13871,13872,13874],{},[1976,13873,10124],{},[1976,13875,2152],{},[1980,13877,2082],{},[4667,13879,13880,13882],{},[1976,13881,10124],{},[1976,13883,2285],{},[4667,13885,13886,13888],{},[1976,13887,10469],{},[1976,13889,2152],{},[2002,13891,13892],{"encoding":2004},"\\frac{y_H - y_L}{c_L} \\leq e_H^* \\leq \\frac{y_H - y_L}{c_H}",[1957,13894,13896,14096,14162],{"className":13895,"ariaHidden":1993},[2009],[1957,13897,13899,13902,14087,14090,14093],{"className":13898},[2013],[1957,13900],{"className":13901,"style":12942},[2017],[1957,13903,13905,13908,14084],{"className":13904},[2022],[1957,13906],{"className":13907},[2046,3633],[1957,13909,13911],{"className":13910},[3568],[1957,13912,13914,14076],{"className":13913},[2189,2190],[1957,13915,13917,14073],{"className":13916},[2194],[1957,13918,13920,13968,13976],{"className":13919,"style":12961},[2198],[1957,13921,13922,13925],{"style":6808},[1957,13923],{"className":13924,"style":3653},[2206],[1957,13926,13928],{"className":13927},[2022],[1957,13929,13931,13934],{"className":13930},[2022],[1957,13932,10469],{"className":13933},[2022,2023],[1957,13935,13937],{"className":13936},[2185],[1957,13938,13940,13960],{"className":13939},[2189,2190],[1957,13941,13943,13957],{"className":13942},[2194],[1957,13944,13946],{"className":13945,"style":4703},[2198],[1957,13947,13948,13951],{"style":4706},[1957,13949],{"className":13950,"style":2207},[2206],[1957,13952,13954],{"className":13953},[2211,2212,2213,2214],[1957,13955,2285],{"className":13956},[2022,2023,2214],[1957,13958,2235],{"className":13959},[2234],[1957,13961,13963],{"className":13962},[2194],[1957,13964,13966],{"className":13965,"style":4725},[2198],[1957,13967],{},[1957,13969,13970,13973],{"style":3671},[1957,13971],{"className":13972,"style":3653},[2206],[1957,13974],{"className":13975,"style":3679},[3678],[1957,13977,13978,13981],{"style":6831},[1957,13979],{"className":13980,"style":3653},[2206],[1957,13982,13984,14024,14027,14030,14033],{"className":13983},[2022],[1957,13985,13987,13990],{"className":13986},[2022],[1957,13988,10124],{"className":13989,"style":2181},[2022,2023],[1957,13991,13993],{"className":13992},[2185],[1957,13994,13996,14016],{"className":13995},[2189,2190],[1957,13997,13999,14013],{"className":13998},[2194],[1957,14000,14002],{"className":14001,"style":4703},[2198],[1957,14003,14004,14007],{"style":6226},[1957,14005],{"className":14006,"style":2207},[2206],[1957,14008,14010],{"className":14009},[2211,2212,2213,2214],[1957,14011,2152],{"className":14012,"style":2218},[2022,2023,2214],[1957,14014,2235],{"className":14015},[2234],[1957,14017,14019],{"className":14018},[2194],[1957,14020,14022],{"className":14021,"style":4725},[2198],[1957,14023],{},[1957,14025],{"className":14026,"style":2104},[2027],[1957,14028,2082],{"className":14029},[2108],[1957,14031],{"className":14032,"style":2104},[2027],[1957,14034,14036,14039],{"className":14035},[2022],[1957,14037,10124],{"className":14038,"style":2181},[2022,2023],[1957,14040,14042],{"className":14041},[2185],[1957,14043,14045,14065],{"className":14044},[2189,2190],[1957,14046,14048,14062],{"className":14047},[2194],[1957,14049,14051],{"className":14050,"style":4703},[2198],[1957,14052,14053,14056],{"style":6226},[1957,14054],{"className":14055,"style":2207},[2206],[1957,14057,14059],{"className":14058},[2211,2212,2213,2214],[1957,14060,2285],{"className":14061},[2022,2023,2214],[1957,14063,2235],{"className":14064},[2234],[1957,14066,14068],{"className":14067},[2194],[1957,14069,14071],{"className":14070,"style":4725},[2198],[1957,14072],{},[1957,14074,2235],{"className":14075},[2234],[1957,14077,14079],{"className":14078},[2194],[1957,14080,14082],{"className":14081,"style":13124},[2198],[1957,14083],{},[1957,14085],{"className":14086},[2064,3633],[1957,14088],{"className":14089,"style":2028},[2027],[1957,14091,12839],{"className":14092},[2032],[1957,14094],{"className":14095,"style":2028},[2027],[1957,14097,14099,14102,14153,14156,14159],{"className":14098},[2013],[1957,14100],{"className":14101,"style":12628},[2017],[1957,14103,14105,14108],{"className":14104},[2022],[1957,14106,10400],{"className":14107},[2022,2023],[1957,14109,14111],{"className":14110},[2185],[1957,14112,14114,14145],{"className":14113},[2189,2190],[1957,14115,14117,14142],{"className":14116},[2194],[1957,14118,14120,14131],{"className":14119,"style":12647},[2198],[1957,14121,14122,14125],{"style":12650},[1957,14123],{"className":14124,"style":2207},[2206],[1957,14126,14128],{"className":14127},[2211,2212,2213,2214],[1957,14129,2152],{"className":14130,"style":2218},[2022,2023,2214],[1957,14132,14133,14136],{"style":3091},[1957,14134],{"className":14135,"style":2207},[2206],[1957,14137,14139],{"className":14138},[2211,2212,2213,2214],[1957,14140,4109],{"className":14141},[2108,2214],[1957,14143,2235],{"className":14144},[2234],[1957,14146,14148],{"className":14147},[2194],[1957,14149,14151],{"className":14150,"style":3173},[2198],[1957,14152],{},[1957,14154],{"className":14155,"style":2028},[2027],[1957,14157,12839],{"className":14158},[2032],[1957,14160],{"className":14161,"style":2028},[2027],[1957,14163,14165,14168],{"className":14164},[2013],[1957,14166],{"className":14167,"style":12942},[2017],[1957,14169,14171,14174,14350],{"className":14170},[2022],[1957,14172],{"className":14173},[2046,3633],[1957,14175,14177],{"className":14176},[3568],[1957,14178,14180,14342],{"className":14179},[2189,2190],[1957,14181,14183,14339],{"className":14182},[2194],[1957,14184,14186,14234,14242],{"className":14185,"style":12961},[2198],[1957,14187,14188,14191],{"style":6808},[1957,14189],{"className":14190,"style":3653},[2206],[1957,14192,14194],{"className":14193},[2022],[1957,14195,14197,14200],{"className":14196},[2022],[1957,14198,10469],{"className":14199},[2022,2023],[1957,14201,14203],{"className":14202},[2185],[1957,14204,14206,14226],{"className":14205},[2189,2190],[1957,14207,14209,14223],{"className":14208},[2194],[1957,14210,14212],{"className":14211,"style":4703},[2198],[1957,14213,14214,14217],{"style":4706},[1957,14215],{"className":14216,"style":2207},[2206],[1957,14218,14220],{"className":14219},[2211,2212,2213,2214],[1957,14221,2152],{"className":14222,"style":2218},[2022,2023,2214],[1957,14224,2235],{"className":14225},[2234],[1957,14227,14229],{"className":14228},[2194],[1957,14230,14232],{"className":14231,"style":4725},[2198],[1957,14233],{},[1957,14235,14236,14239],{"style":3671},[1957,14237],{"className":14238,"style":3653},[2206],[1957,14240],{"className":14241,"style":3679},[3678],[1957,14243,14244,14247],{"style":6831},[1957,14245],{"className":14246,"style":3653},[2206],[1957,14248,14250,14290,14293,14296,14299],{"className":14249},[2022],[1957,14251,14253,14256],{"className":14252},[2022],[1957,14254,10124],{"className":14255,"style":2181},[2022,2023],[1957,14257,14259],{"className":14258},[2185],[1957,14260,14262,14282],{"className":14261},[2189,2190],[1957,14263,14265,14279],{"className":14264},[2194],[1957,14266,14268],{"className":14267,"style":4703},[2198],[1957,14269,14270,14273],{"style":6226},[1957,14271],{"className":14272,"style":2207},[2206],[1957,14274,14276],{"className":14275},[2211,2212,2213,2214],[1957,14277,2152],{"className":14278,"style":2218},[2022,2023,2214],[1957,14280,2235],{"className":14281},[2234],[1957,14283,14285],{"className":14284},[2194],[1957,14286,14288],{"className":14287,"style":4725},[2198],[1957,14289],{},[1957,14291],{"className":14292,"style":2104},[2027],[1957,14294,2082],{"className":14295},[2108],[1957,14297],{"className":14298,"style":2104},[2027],[1957,14300,14302,14305],{"className":14301},[2022],[1957,14303,10124],{"className":14304,"style":2181},[2022,2023],[1957,14306,14308],{"className":14307},[2185],[1957,14309,14311,14331],{"className":14310},[2189,2190],[1957,14312,14314,14328],{"className":14313},[2194],[1957,14315,14317],{"className":14316,"style":4703},[2198],[1957,14318,14319,14322],{"style":6226},[1957,14320],{"className":14321,"style":2207},[2206],[1957,14323,14325],{"className":14324},[2211,2212,2213,2214],[1957,14326,2285],{"className":14327},[2022,2023,2214],[1957,14329,2235],{"className":14330},[2234],[1957,14332,14334],{"className":14333},[2194],[1957,14335,14337],{"className":14336,"style":4725},[2198],[1957,14338],{},[1957,14340,2235],{"className":14341},[2234],[1957,14343,14345],{"className":14344},[2194],[1957,14346,14348],{"className":14347,"style":13124},[2198],[1957,14349],{},[1957,14351],{"className":14352},[2064,3633],[1798,14354,14355,14356,14488,14489,14572],{},"这要求 ",[1957,14357,14359,14384],{"className":14358},[1960],[1957,14360,14362],{"className":14361},[1964],[1966,14363,14364],{"xmlns":1968},[1970,14365,14366,14382],{},[1973,14367,14368,14374,14376],{},[4667,14369,14370,14372],{},[1976,14371,10469],{},[1976,14373,2285],{},[1980,14375,2620],{},[4667,14377,14378,14380],{},[1976,14379,10469],{},[1976,14381,2152],{},[2002,14383,10859],{"encoding":2004},[1957,14385,14387,14442],{"className":14386,"ariaHidden":1993},[2009],[1957,14388,14390,14393,14433,14436,14439],{"className":14389},[2013],[1957,14391],{"className":14392,"style":10869},[2017],[1957,14394,14396,14399],{"className":14395},[2022],[1957,14397,10469],{"className":14398},[2022,2023],[1957,14400,14402],{"className":14401},[2185],[1957,14403,14405,14425],{"className":14404},[2189,2190],[1957,14406,14408,14422],{"className":14407},[2194],[1957,14409,14411],{"className":14410,"style":4703},[2198],[1957,14412,14413,14416],{"style":4706},[1957,14414],{"className":14415,"style":2207},[2206],[1957,14417,14419],{"className":14418},[2211,2212,2213,2214],[1957,14420,2285],{"className":14421},[2022,2023,2214],[1957,14423,2235],{"className":14424},[2234],[1957,14426,14428],{"className":14427},[2194],[1957,14429,14431],{"className":14430,"style":4725},[2198],[1957,14432],{},[1957,14434],{"className":14435,"style":2028},[2027],[1957,14437,2620],{"className":14438},[2032],[1957,14440],{"className":14441,"style":2028},[2027],[1957,14443,14445,14448],{"className":14444},[2013],[1957,14446],{"className":14447,"style":6317},[2017],[1957,14449,14451,14454],{"className":14450},[2022],[1957,14452,10469],{"className":14453},[2022,2023],[1957,14455,14457],{"className":14456},[2185],[1957,14458,14460,14480],{"className":14459},[2189,2190],[1957,14461,14463,14477],{"className":14462},[2194],[1957,14464,14466],{"className":14465,"style":4703},[2198],[1957,14467,14468,14471],{"style":4706},[1957,14469],{"className":14470,"style":2207},[2206],[1957,14472,14474],{"className":14473},[2211,2212,2213,2214],[1957,14475,2152],{"className":14476,"style":2218},[2022,2023,2214],[1957,14478,2235],{"className":14479},[2234],[1957,14481,14483],{"className":14482},[2194],[1957,14484,14486],{"className":14485,"style":4725},[2198],[1957,14487],{},"（单交性），且任何满足上述不等式的 ",[1957,14490,14492,14512],{"className":14491},[1960],[1957,14493,14495],{"className":14494},[1964],[1966,14496,14497],{"xmlns":1968},[1970,14498,14499,14509],{},[1973,14500,14501],{},[2145,14502,14503,14505,14507],{},[1976,14504,10400],{},[1976,14506,2152],{},[1980,14508,4109],{},[2002,14510,14511],{"encoding":2004},"e_H^*",[1957,14513,14515],{"className":14514,"ariaHidden":1993},[2009],[1957,14516,14518,14521],{"className":14517},[2013],[1957,14519],{"className":14520,"style":11983},[2017],[1957,14522,14524,14527],{"className":14523},[2022],[1957,14525,10400],{"className":14526},[2022,2023],[1957,14528,14530],{"className":14529},[2185],[1957,14531,14533,14564],{"className":14532},[2189,2190],[1957,14534,14536,14561],{"className":14535},[2194],[1957,14537,14539,14550],{"className":14538,"style":4145},[2198],[1957,14540,14541,14544],{"style":12004},[1957,14542],{"className":14543,"style":2207},[2206],[1957,14545,14547],{"className":14546},[2211,2212,2213,2214],[1957,14548,2152],{"className":14549,"style":2218},[2022,2023,2214],[1957,14551,14552,14555],{"style":2221},[1957,14553],{"className":14554,"style":2207},[2206],[1957,14556,14558],{"className":14557},[2211,2212,2213,2214],[1957,14559,4109],{"className":14560},[2108,2214],[1957,14562,2235],{"className":14563},[2234],[1957,14565,14567],{"className":14566},[2194],[1957,14568,14570],{"className":14569,"style":2242},[2198],[1957,14571],{}," 都可以支持分离均衡。",[1798,14574,14575,1944],{},[1845,14576,14577],{},"数值例子",[1805,14579,14580,14769],{},[1808,14581,14582,14675,14676],{},[1957,14583,14585,14608],{"className":14584},[1960],[1957,14586,14588],{"className":14587},[1964],[1966,14589,14590],{"xmlns":1968},[1970,14591,14592,14605],{},[1973,14593,14594,14600,14602],{},[4667,14595,14596,14598],{},[1976,14597,10124],{},[1976,14599,2152],{},[1980,14601,2158],{},[1988,14603,14604],{},"100",[2002,14606,14607],{"encoding":2004},"y_H = 100",[1957,14609,14611,14666],{"className":14610,"ariaHidden":1993},[2009],[1957,14612,14614,14617,14657,14660,14663],{"className":14613},[2013],[1957,14615],{"className":14616,"style":2954},[2017],[1957,14618,14620,14623],{"className":14619},[2022],[1957,14621,10124],{"className":14622,"style":2181},[2022,2023],[1957,14624,14626],{"className":14625},[2185],[1957,14627,14629,14649],{"className":14628},[2189,2190],[1957,14630,14632,14646],{"className":14631},[2194],[1957,14633,14635],{"className":14634,"style":4703},[2198],[1957,14636,14637,14640],{"style":6226},[1957,14638],{"className":14639,"style":2207},[2206],[1957,14641,14643],{"className":14642},[2211,2212,2213,2214],[1957,14644,2152],{"className":14645,"style":2218},[2022,2023,2214],[1957,14647,2235],{"className":14648},[2234],[1957,14650,14652],{"className":14651},[2194],[1957,14653,14655],{"className":14654,"style":4725},[2198],[1957,14656],{},[1957,14658],{"className":14659,"style":2028},[2027],[1957,14661,2158],{"className":14662},[2032],[1957,14664],{"className":14665,"style":2028},[2027],[1957,14667,14669,14672],{"className":14668},[2013],[1957,14670],{"className":14671,"style":2260},[2017],[1957,14673,14604],{"className":14674},[2022],", ",[1957,14677,14679,14702],{"className":14678},[1960],[1957,14680,14682],{"className":14681},[1964],[1966,14683,14684],{"xmlns":1968},[1970,14685,14686,14699],{},[1973,14687,14688,14694,14696],{},[4667,14689,14690,14692],{},[1976,14691,10124],{},[1976,14693,2285],{},[1980,14695,2158],{},[1988,14697,14698],{},"50",[2002,14700,14701],{"encoding":2004},"y_L = 50",[1957,14703,14705,14760],{"className":14704,"ariaHidden":1993},[2009],[1957,14706,14708,14711,14751,14754,14757],{"className":14707},[2013],[1957,14709],{"className":14710,"style":2954},[2017],[1957,14712,14714,14717],{"className":14713},[2022],[1957,14715,10124],{"className":14716,"style":2181},[2022,2023],[1957,14718,14720],{"className":14719},[2185],[1957,14721,14723,14743],{"className":14722},[2189,2190],[1957,14724,14726,14740],{"className":14725},[2194],[1957,14727,14729],{"className":14728,"style":4703},[2198],[1957,14730,14731,14734],{"style":6226},[1957,14732],{"className":14733,"style":2207},[2206],[1957,14735,14737],{"className":14736},[2211,2212,2213,2214],[1957,14738,2285],{"className":14739},[2022,2023,2214],[1957,14741,2235],{"className":14742},[2234],[1957,14744,14746],{"className":14745},[2194],[1957,14747,14749],{"className":14748,"style":4725},[2198],[1957,14750],{},[1957,14752],{"className":14753,"style":2028},[2027],[1957,14755,2158],{"className":14756},[2032],[1957,14758],{"className":14759,"style":2028},[2027],[1957,14761,14763,14766],{"className":14762},[2013],[1957,14764],{"className":14765,"style":2260},[2017],[1957,14767,14698],{"className":14768},[2022],[1808,14770,14771,14675,14863],{},[1957,14772,14774,14796],{"className":14773},[1960],[1957,14775,14777],{"className":14776},[1964],[1966,14778,14779],{"xmlns":1968},[1970,14780,14781,14793],{},[1973,14782,14783,14789,14791],{},[4667,14784,14785,14787],{},[1976,14786,10469],{},[1976,14788,2152],{},[1980,14790,2158],{},[1988,14792,1997],{},[2002,14794,14795],{"encoding":2004},"c_H = 1",[1957,14797,14799,14854],{"className":14798,"ariaHidden":1993},[2009],[1957,14800,14802,14805,14845,14848,14851],{"className":14801},[2013],[1957,14803],{"className":14804,"style":6317},[2017],[1957,14806,14808,14811],{"className":14807},[2022],[1957,14809,10469],{"className":14810},[2022,2023],[1957,14812,14814],{"className":14813},[2185],[1957,14815,14817,14837],{"className":14816},[2189,2190],[1957,14818,14820,14834],{"className":14819},[2194],[1957,14821,14823],{"className":14822,"style":4703},[2198],[1957,14824,14825,14828],{"style":4706},[1957,14826],{"className":14827,"style":2207},[2206],[1957,14829,14831],{"className":14830},[2211,2212,2213,2214],[1957,14832,2152],{"className":14833,"style":2218},[2022,2023,2214],[1957,14835,2235],{"className":14836},[2234],[1957,14838,14840],{"className":14839},[2194],[1957,14841,14843],{"className":14842,"style":4725},[2198],[1957,14844],{},[1957,14846],{"className":14847,"style":2028},[2027],[1957,14849,2158],{"className":14850},[2032],[1957,14852],{"className":14853,"style":2028},[2027],[1957,14855,14857,14860],{"className":14856},[2013],[1957,14858],{"className":14859,"style":2260},[2017],[1957,14861,1997],{"className":14862},[2022],[1957,14864,14866,14888],{"className":14865},[1960],[1957,14867,14869],{"className":14868},[1964],[1966,14870,14871],{"xmlns":1968},[1970,14872,14873,14885],{},[1973,14874,14875,14881,14883],{},[4667,14876,14877,14879],{},[1976,14878,10469],{},[1976,14880,2285],{},[1980,14882,2158],{},[1988,14884,3592],{},[2002,14886,14887],{"encoding":2004},"c_L = 2",[1957,14889,14891,14946],{"className":14890,"ariaHidden":1993},[2009],[1957,14892,14894,14897,14937,14940,14943],{"className":14893},[2013],[1957,14895],{"className":14896,"style":6317},[2017],[1957,14898,14900,14903],{"className":14899},[2022],[1957,14901,10469],{"className":14902},[2022,2023],[1957,14904,14906],{"className":14905},[2185],[1957,14907,14909,14929],{"className":14908},[2189,2190],[1957,14910,14912,14926],{"className":14911},[2194],[1957,14913,14915],{"className":14914,"style":4703},[2198],[1957,14916,14917,14920],{"style":4706},[1957,14918],{"className":14919,"style":2207},[2206],[1957,14921,14923],{"className":14922},[2211,2212,2213,2214],[1957,14924,2285],{"className":14925},[2022,2023,2214],[1957,14927,2235],{"className":14928},[2234],[1957,14930,14932],{"className":14931},[2194],[1957,14933,14935],{"className":14934,"style":4725},[2198],[1957,14936],{},[1957,14938],{"className":14939,"style":2028},[2027],[1957,14941,2158],{"className":14942},[2032],[1957,14944],{"className":14945,"style":2028},[2027],[1957,14947,14949,14952],{"className":14948},[2013],[1957,14950],{"className":14951,"style":2260},[2017],[1957,14953,3592],{"className":14954},[2022],[1798,14956,14957],{},"分离均衡需要：",[1957,14959,14961],{"className":14960},[2962],[1957,14962,14964,15012],{"className":14963},[1960],[1957,14965,14967],{"className":14966},[1964],[1966,14968,14969],{"xmlns":1968,"display":2971},[1970,14970,14971,15009],{},[1973,14972,14973,14985,14987,14995,14997],{},[3568,14974,14975,14983],{},[1973,14976,14977,14979,14981],{},[1988,14978,14604],{},[1980,14980,2082],{},[1988,14982,14698],{},[1988,14984,3592],{},[1980,14986,12839],{},[2145,14988,14989,14991,14993],{},[1976,14990,10400],{},[1976,14992,2152],{},[1980,14994,4109],{},[1980,14996,12839],{},[3568,14998,14999,15007],{},[1973,15000,15001,15003,15005],{},[1988,15002,14604],{},[1980,15004,2082],{},[1988,15006,14698],{},[1988,15008,1997],{},[2002,15010,15011],{"encoding":2004},"\\frac{100-50}{2} \\leq e_H^* \\leq \\frac{100-50}{1}",[1957,15013,15015,15106,15172],{"className":15014,"ariaHidden":1993},[2009],[1957,15016,15018,15022,15097,15100,15103],{"className":15017},[2013],[1957,15019],{"className":15020,"style":15021},[2017],"height:2.0074em;vertical-align:-0.686em;",[1957,15023,15025,15028,15094],{"className":15024},[2022],[1957,15026],{"className":15027},[2046,3633],[1957,15029,15031],{"className":15030},[3568],[1957,15032,15034,15086],{"className":15033},[2189,2190],[1957,15035,15037,15083],{"className":15036},[2194],[1957,15038,15041,15052,15060],{"className":15039,"style":15040},[2198],"height:1.3214em;",[1957,15042,15043,15046],{"style":6808},[1957,15044],{"className":15045,"style":3653},[2206],[1957,15047,15049],{"className":15048},[2022],[1957,15050,3592],{"className":15051},[2022],[1957,15053,15054,15057],{"style":3671},[1957,15055],{"className":15056,"style":3653},[2206],[1957,15058],{"className":15059,"style":3679},[3678],[1957,15061,15062,15065],{"style":6831},[1957,15063],{"className":15064,"style":3653},[2206],[1957,15066,15068,15071,15074,15077,15080],{"className":15067},[2022],[1957,15069,14604],{"className":15070},[2022],[1957,15072],{"className":15073,"style":2104},[2027],[1957,15075,2082],{"className":15076},[2108],[1957,15078],{"className":15079,"style":2104},[2027],[1957,15081,14698],{"className":15082},[2022],[1957,15084,2235],{"className":15085},[2234],[1957,15087,15089],{"className":15088},[2194],[1957,15090,15092],{"className":15091,"style":6853},[2198],[1957,15093],{},[1957,15095],{"className":15096},[2064,3633],[1957,15098],{"className":15099,"style":2028},[2027],[1957,15101,12839],{"className":15102},[2032],[1957,15104],{"className":15105,"style":2028},[2027],[1957,15107,15109,15112,15163,15166,15169],{"className":15108},[2013],[1957,15110],{"className":15111,"style":12628},[2017],[1957,15113,15115,15118],{"className":15114},[2022],[1957,15116,10400],{"className":15117},[2022,2023],[1957,15119,15121],{"className":15120},[2185],[1957,15122,15124,15155],{"className":15123},[2189,2190],[1957,15125,15127,15152],{"className":15126},[2194],[1957,15128,15130,15141],{"className":15129,"style":12647},[2198],[1957,15131,15132,15135],{"style":12650},[1957,15133],{"className":15134,"style":2207},[2206],[1957,15136,15138],{"className":15137},[2211,2212,2213,2214],[1957,15139,2152],{"className":15140,"style":2218},[2022,2023,2214],[1957,15142,15143,15146],{"style":3091},[1957,15144],{"className":15145,"style":2207},[2206],[1957,15147,15149],{"className":15148},[2211,2212,2213,2214],[1957,15150,4109],{"className":15151},[2108,2214],[1957,15153,2235],{"className":15154},[2234],[1957,15156,15158],{"className":15157},[2194],[1957,15159,15161],{"className":15160,"style":3173},[2198],[1957,15162],{},[1957,15164],{"className":15165,"style":2028},[2027],[1957,15167,12839],{"className":15168},[2032],[1957,15170],{"className":15171,"style":2028},[2027],[1957,15173,15175,15178],{"className":15174},[2013],[1957,15176],{"className":15177,"style":15021},[2017],[1957,15179,15181,15184,15249],{"className":15180},[2022],[1957,15182],{"className":15183},[2046,3633],[1957,15185,15187],{"className":15186},[3568],[1957,15188,15190,15241],{"className":15189},[2189,2190],[1957,15191,15193,15238],{"className":15192},[2194],[1957,15194,15196,15207,15215],{"className":15195,"style":15040},[2198],[1957,15197,15198,15201],{"style":6808},[1957,15199],{"className":15200,"style":3653},[2206],[1957,15202,15204],{"className":15203},[2022],[1957,15205,1997],{"className":15206},[2022],[1957,15208,15209,15212],{"style":3671},[1957,15210],{"className":15211,"style":3653},[2206],[1957,15213],{"className":15214,"style":3679},[3678],[1957,15216,15217,15220],{"style":6831},[1957,15218],{"className":15219,"style":3653},[2206],[1957,15221,15223,15226,15229,15232,15235],{"className":15222},[2022],[1957,15224,14604],{"className":15225},[2022],[1957,15227],{"className":15228,"style":2104},[2027],[1957,15230,2082],{"className":15231},[2108],[1957,15233],{"className":15234,"style":2104},[2027],[1957,15236,14698],{"className":15237},[2022],[1957,15239,2235],{"className":15240},[2234],[1957,15242,15244],{"className":15243},[2194],[1957,15245,15247],{"className":15246,"style":6853},[2198],[1957,15248],{},[1957,15250],{"className":15251},[2064,3633],[1957,15253,15255],{"className":15254},[2962],[1957,15256,15258,15287],{"className":15257},[1960],[1957,15259,15261],{"className":15260},[1964],[1966,15262,15263],{"xmlns":1968,"display":2971},[1970,15264,15265,15284],{},[1973,15266,15267,15270,15272,15280,15282],{},[1988,15268,15269],{},"25",[1980,15271,12839],{},[2145,15273,15274,15276,15278],{},[1976,15275,10400],{},[1976,15277,2152],{},[1980,15279,4109],{},[1980,15281,12839],{},[1988,15283,14698],{},[2002,15285,15286],{"encoding":2004},"25 \\leq e_H^* \\leq 50",[1957,15288,15290,15308,15374],{"className":15289,"ariaHidden":1993},[2009],[1957,15291,15293,15296,15299,15302,15305],{"className":15292},[2013],[1957,15294],{"className":15295,"style":13316},[2017],[1957,15297,15269],{"className":15298},[2022],[1957,15300],{"className":15301,"style":2028},[2027],[1957,15303,12839],{"className":15304},[2032],[1957,15306],{"className":15307,"style":2028},[2027],[1957,15309,15311,15314,15365,15368,15371],{"className":15310},[2013],[1957,15312],{"className":15313,"style":12628},[2017],[1957,15315,15317,15320],{"className":15316},[2022],[1957,15318,10400],{"className":15319},[2022,2023],[1957,15321,15323],{"className":15322},[2185],[1957,15324,15326,15357],{"className":15325},[2189,2190],[1957,15327,15329,15354],{"className":15328},[2194],[1957,15330,15332,15343],{"className":15331,"style":12647},[2198],[1957,15333,15334,15337],{"style":12650},[1957,15335],{"className":15336,"style":2207},[2206],[1957,15338,15340],{"className":15339},[2211,2212,2213,2214],[1957,15341,2152],{"className":15342,"style":2218},[2022,2023,2214],[1957,15344,15345,15348],{"style":3091},[1957,15346],{"className":15347,"style":2207},[2206],[1957,15349,15351],{"className":15350},[2211,2212,2213,2214],[1957,15352,4109],{"className":15353},[2108,2214],[1957,15355,2235],{"className":15356},[2234],[1957,15358,15360],{"className":15359},[2194],[1957,15361,15363],{"className":15362,"style":3173},[2198],[1957,15364],{},[1957,15366],{"className":15367,"style":2028},[2027],[1957,15369,12839],{"className":15370},[2032],[1957,15372],{"className":15373,"style":2028},[2027],[1957,15375,15377,15380],{"className":15376},[2013],[1957,15378],{"className":15379,"style":2260},[2017],[1957,15381,14698],{"className":15382},[2022],[1798,15384,15385,15386,1944],{},"例如 ",[1957,15387,15389,15414],{"className":15388},[1960],[1957,15390,15392],{"className":15391},[1964],[1966,15393,15394],{"xmlns":1968},[1970,15395,15396,15411],{},[1973,15397,15398,15406,15408],{},[2145,15399,15400,15402,15404],{},[1976,15401,10400],{},[1976,15403,2152],{},[1980,15405,4109],{},[1980,15407,2158],{},[1988,15409,15410],{},"30",[2002,15412,15413],{"encoding":2004},"e_H^* = 30",[1957,15415,15417,15483],{"className":15416,"ariaHidden":1993},[2009],[1957,15418,15420,15423,15474,15477,15480],{"className":15419},[2013],[1957,15421],{"className":15422,"style":11983},[2017],[1957,15424,15426,15429],{"className":15425},[2022],[1957,15427,10400],{"className":15428},[2022,2023],[1957,15430,15432],{"className":15431},[2185],[1957,15433,15435,15466],{"className":15434},[2189,2190],[1957,15436,15438,15463],{"className":15437},[2194],[1957,15439,15441,15452],{"className":15440,"style":4145},[2198],[1957,15442,15443,15446],{"style":12004},[1957,15444],{"className":15445,"style":2207},[2206],[1957,15447,15449],{"className":15448},[2211,2212,2213,2214],[1957,15450,2152],{"className":15451,"style":2218},[2022,2023,2214],[1957,15453,15454,15457],{"style":2221},[1957,15455],{"className":15456,"style":2207},[2206],[1957,15458,15460],{"className":15459},[2211,2212,2213,2214],[1957,15461,4109],{"className":15462},[2108,2214],[1957,15464,2235],{"className":15465},[2234],[1957,15467,15469],{"className":15468},[2194],[1957,15470,15472],{"className":15471,"style":2242},[2198],[1957,15473],{},[1957,15475],{"className":15476,"style":2028},[2027],[1957,15478,2158],{"className":15479},[2032],[1957,15481],{"className":15482,"style":2028},[2027],[1957,15484,15486,15489],{"className":15485},[2013],[1957,15487],{"className":15488,"style":2260},[2017],[1957,15490,15410],{"className":15491},[2022],[1805,15493,15494,15731],{},[1808,15495,15496,15497,15657,15658,3977],{},"高能力工人：",[1957,15498,15500,15536],{"className":15499},[1960],[1957,15501,15503],{"className":15502},[1964],[1966,15504,15505],{"xmlns":1968},[1970,15506,15507,15533],{},[1973,15508,15509,15515,15517,15519,15521,15523,15526,15528,15530],{},[4667,15510,15511,15513],{},[1976,15512,5221],{},[1976,15514,2152],{},[1980,15516,2158],{},[1988,15518,14604],{},[1980,15520,2082],{},[1988,15522,1997],{},[1980,15524,15525],{},"×",[1988,15527,15410],{},[1980,15529,2158],{},[1988,15531,15532],{},"70",[2002,15534,15535],{"encoding":2004},"u_H = 100 - 1 \\times 30 = 70",[1957,15537,15539,15594,15612,15630,15648],{"className":15538,"ariaHidden":1993},[2009],[1957,15540,15542,15545,15585,15588,15591],{"className":15541},[2013],[1957,15543],{"className":15544,"style":6317},[2017],[1957,15546,15548,15551],{"className":15547},[2022],[1957,15549,5221],{"className":15550},[2022,2023],[1957,15552,15554],{"className":15553},[2185],[1957,15555,15557,15577],{"className":15556},[2189,2190],[1957,15558,15560,15574],{"className":15559},[2194],[1957,15561,15563],{"className":15562,"style":4703},[2198],[1957,15564,15565,15568],{"style":4706},[1957,15566],{"className":15567,"style":2207},[2206],[1957,15569,15571],{"className":15570},[2211,2212,2213,2214],[1957,15572,2152],{"className":15573,"style":2218},[2022,2023,2214],[1957,15575,2235],{"className":15576},[2234],[1957,15578,15580],{"className":15579},[2194],[1957,15581,15583],{"className":15582,"style":4725},[2198],[1957,15584],{},[1957,15586],{"className":15587,"style":2028},[2027],[1957,15589,2158],{"className":15590},[2032],[1957,15592],{"className":15593,"style":2028},[2027],[1957,15595,15597,15600,15603,15606,15609],{"className":15596},[2013],[1957,15598],{"className":15599,"style":2097},[2017],[1957,15601,14604],{"className":15602},[2022],[1957,15604],{"className":15605,"style":2104},[2027],[1957,15607,2082],{"className":15608},[2108],[1957,15610],{"className":15611,"style":2104},[2027],[1957,15613,15615,15618,15621,15624,15627],{"className":15614},[2013],[1957,15616],{"className":15617,"style":2097},[2017],[1957,15619,1997],{"className":15620},[2022],[1957,15622],{"className":15623,"style":2104},[2027],[1957,15625,15525],{"className":15626},[2108],[1957,15628],{"className":15629,"style":2104},[2027],[1957,15631,15633,15636,15639,15642,15645],{"className":15632},[2013],[1957,15634],{"className":15635,"style":2260},[2017],[1957,15637,15410],{"className":15638},[2022],[1957,15640],{"className":15641,"style":2028},[2027],[1957,15643,2158],{"className":15644},[2032],[1957,15646],{"className":15647,"style":2028},[2027],[1957,15649,15651,15654],{"className":15650},[2013],[1957,15652],{"className":15653,"style":2260},[2017],[1957,15655,15532],{"className":15656},[2022],"（vs. 假装低能力：",[1957,15659,15661,15683],{"className":15660},[1960],[1957,15662,15664],{"className":15663},[1964],[1966,15665,15666],{"xmlns":1968},[1970,15667,15668,15680],{},[1973,15669,15670,15672,15674,15676,15678],{},[1988,15671,14698],{},[1980,15673,2082],{},[1988,15675,1990],{},[1980,15677,2158],{},[1988,15679,14698],{},[2002,15681,15682],{"encoding":2004},"50 - 0 = 50",[1957,15684,15686,15704,15722],{"className":15685,"ariaHidden":1993},[2009],[1957,15687,15689,15692,15695,15698,15701],{"className":15688},[2013],[1957,15690],{"className":15691,"style":2097},[2017],[1957,15693,14698],{"className":15694},[2022],[1957,15696],{"className":15697,"style":2104},[2027],[1957,15699,2082],{"className":15700},[2108],[1957,15702],{"className":15703,"style":2104},[2027],[1957,15705,15707,15710,15713,15716,15719],{"className":15706},[2013],[1957,15708],{"className":15709,"style":2260},[2017],[1957,15711,1990],{"className":15712},[2022],[1957,15714],{"className":15715,"style":2028},[2027],[1957,15717,2158],{"className":15718},[2032],[1957,15720],{"className":15721,"style":2028},[2027],[1957,15723,15725,15728],{"className":15724},[2013],[1957,15726],{"className":15727,"style":2260},[2017],[1957,15729,14698],{"className":15730},[2022],[1808,15732,15733,15734,15870,15871,3977],{},"低能力工人：",[1957,15735,15737,15767],{"className":15736},[1960],[1957,15738,15740],{"className":15739},[1964],[1966,15741,15742],{"xmlns":1968},[1970,15743,15744,15764],{},[1973,15745,15746,15752,15754,15756,15758,15760,15762],{},[4667,15747,15748,15750],{},[1976,15749,5221],{},[1976,15751,2285],{},[1980,15753,2158],{},[1988,15755,14698],{},[1980,15757,2082],{},[1988,15759,1990],{},[1980,15761,2158],{},[1988,15763,14698],{},[2002,15765,15766],{"encoding":2004},"u_L = 50 - 0 = 50",[1957,15768,15770,15825,15843,15861],{"className":15769,"ariaHidden":1993},[2009],[1957,15771,15773,15776,15816,15819,15822],{"className":15772},[2013],[1957,15774],{"className":15775,"style":6317},[2017],[1957,15777,15779,15782],{"className":15778},[2022],[1957,15780,5221],{"className":15781},[2022,2023],[1957,15783,15785],{"className":15784},[2185],[1957,15786,15788,15808],{"className":15787},[2189,2190],[1957,15789,15791,15805],{"className":15790},[2194],[1957,15792,15794],{"className":15793,"style":4703},[2198],[1957,15795,15796,15799],{"style":4706},[1957,15797],{"className":15798,"style":2207},[2206],[1957,15800,15802],{"className":15801},[2211,2212,2213,2214],[1957,15803,2285],{"className":15804},[2022,2023,2214],[1957,15806,2235],{"className":15807},[2234],[1957,15809,15811],{"className":15810},[2194],[1957,15812,15814],{"className":15813,"style":4725},[2198],[1957,15815],{},[1957,15817],{"className":15818,"style":2028},[2027],[1957,15820,2158],{"className":15821},[2032],[1957,15823],{"className":15824,"style":2028},[2027],[1957,15826,15828,15831,15834,15837,15840],{"className":15827},[2013],[1957,15829],{"className":15830,"style":2097},[2017],[1957,15832,14698],{"className":15833},[2022],[1957,15835],{"className":15836,"style":2104},[2027],[1957,15838,2082],{"className":15839},[2108],[1957,15841],{"className":15842,"style":2104},[2027],[1957,15844,15846,15849,15852,15855,15858],{"className":15845},[2013],[1957,15847],{"className":15848,"style":2260},[2017],[1957,15850,1990],{"className":15851},[2022],[1957,15853],{"className":15854,"style":2028},[2027],[1957,15856,2158],{"className":15857},[2032],[1957,15859],{"className":15860,"style":2028},[2027],[1957,15862,15864,15867],{"className":15863},[2013],[1957,15865],{"className":15866,"style":2260},[2017],[1957,15868,14698],{"className":15869},[2022],"（vs. 模仿高能力：",[1957,15872,15874,15901],{"className":15873},[1960],[1957,15875,15877],{"className":15876},[1964],[1966,15878,15879],{"xmlns":1968},[1970,15880,15881,15898],{},[1973,15882,15883,15885,15887,15889,15891,15893,15895],{},[1988,15884,14604],{},[1980,15886,2082],{},[1988,15888,3592],{},[1980,15890,15525],{},[1988,15892,15410],{},[1980,15894,2158],{},[1988,15896,15897],{},"40",[2002,15899,15900],{"encoding":2004},"100 - 2 \\times 30 = 40",[1957,15902,15904,15922,15940,15958],{"className":15903,"ariaHidden":1993},[2009],[1957,15905,15907,15910,15913,15916,15919],{"className":15906},[2013],[1957,15908],{"className":15909,"style":2097},[2017],[1957,15911,14604],{"className":15912},[2022],[1957,15914],{"className":15915,"style":2104},[2027],[1957,15917,2082],{"className":15918},[2108],[1957,15920],{"className":15921,"style":2104},[2027],[1957,15923,15925,15928,15931,15934,15937],{"className":15924},[2013],[1957,15926],{"className":15927,"style":2097},[2017],[1957,15929,3592],{"className":15930},[2022],[1957,15932],{"className":15933,"style":2104},[2027],[1957,15935,15525],{"className":15936},[2108],[1957,15938],{"className":15939,"style":2104},[2027],[1957,15941,15943,15946,15949,15952,15955],{"className":15942},[2013],[1957,15944],{"className":15945,"style":2260},[2017],[1957,15947,15410],{"className":15948},[2022],[1957,15950],{"className":15951,"style":2028},[2027],[1957,15953,2158],{"className":15954},[2032],[1957,15956],{"className":15957,"style":2028},[2027],[1957,15959,15961,15964],{"className":15960},[2013],[1957,15962],{"className":15963,"style":2260},[2017],[1957,15965,15897],{"className":15966},[2022],[1798,15968,15969],{},"两类工人都没有激励偏离，构成分离均衡。",[1883,15971,15973],{"id":15972},"_23-混同均衡与精炼-pooling-equilibrium-and-refinement","2.3 混同均衡与精炼 (Pooling Equilibrium and Refinement)",[1798,15975,15976,15979,15980,2922],{},[1845,15977,15978],{},"混同均衡","：两类工人都选择相同的教育水平 ",[1957,15981,15983,16001],{"className":15982},[1960],[1957,15984,15986],{"className":15985},[1964],[1966,15987,15988],{"xmlns":1968},[1970,15989,15990,15998],{},[1973,15991,15992],{},[2983,15993,15994,15996],{},[1976,15995,10400],{},[1980,15997,4109],{},[2002,15999,16000],{"encoding":2004},"e^*",[1957,16002,16004],{"className":16003,"ariaHidden":1993},[2009],[1957,16005,16007,16010],{"className":16006},[2013],[1957,16008],{"className":16009,"style":4145},[2017],[1957,16011,16013,16016],{"className":16012},[2022],[1957,16014,10400],{"className":16015},[2022,2023],[1957,16017,16019],{"className":16018},[2185],[1957,16020,16022],{"className":16021},[2189],[1957,16023,16025],{"className":16024},[2194],[1957,16026,16028],{"className":16027,"style":4145},[2198],[1957,16029,16030,16033],{"style":2221},[1957,16031],{"className":16032,"style":2207},[2206],[1957,16034,16036],{"className":16035},[2211,2212,2213,2214],[1957,16037,4109],{"className":16038},[2108,2214],[1798,16040,16041,1944,16044,16125,16126],{},[1845,16042,16043],{},"候选",[1957,16045,16047,16069],{"className":16046},[1960],[1957,16048,16050],{"className":16049},[1964],[1966,16051,16052],{"xmlns":1968},[1970,16053,16054,16066],{},[1973,16055,16056,16062,16064],{},[2983,16057,16058,16060],{},[1976,16059,10400],{},[1980,16061,4109],{},[1980,16063,2158],{},[1988,16065,1990],{},[2002,16067,16068],{"encoding":2004},"e^* = 0",[1957,16070,16072,16116],{"className":16071,"ariaHidden":1993},[2009],[1957,16073,16075,16078,16107,16110,16113],{"className":16074},[2013],[1957,16076],{"className":16077,"style":4145},[2017],[1957,16079,16081,16084],{"className":16080},[2022],[1957,16082,10400],{"className":16083},[2022,2023],[1957,16085,16087],{"className":16086},[2185],[1957,16088,16090],{"className":16089},[2189],[1957,16091,16093],{"className":16092},[2194],[1957,16094,16096],{"className":16095,"style":4145},[2198],[1957,16097,16098,16101],{"style":2221},[1957,16099],{"className":16100,"style":2207},[2206],[1957,16102,16104],{"className":16103},[2211,2212,2213,2214],[1957,16105,4109],{"className":16106},[2108,2214],[1957,16108],{"className":16109,"style":2028},[2027],[1957,16111,2158],{"className":16112},[2032],[1957,16114],{"className":16115,"style":2028},[2027],[1957,16117,16119,16122],{"className":16118},[2013],[1957,16120],{"className":16121,"style":2260},[2017],[1957,16123,1990],{"className":16124},[2022],"，工资 ",[1957,16127,16129,16177],{"className":16128},[1960],[1957,16130,16132],{"className":16131},[1964],[1966,16133,16134],{"xmlns":1968},[1970,16135,16136,16174],{},[1973,16137,16138,16140,16142,16144,16146,16148,16150,16156,16158,16160,16162,16164,16166,16168],{},[1976,16139,11006],{},[1980,16141,1986],{"stretchy":1985},[1988,16143,1990],{},[1980,16145,2000],{"stretchy":1985},[1980,16147,2158],{},[1976,16149,1978],{},[4667,16151,16152,16154],{},[1976,16153,10124],{},[1976,16155,2152],{},[1980,16157,3006],{},[1980,16159,1986],{"stretchy":1985},[1988,16161,1997],{},[1980,16163,2082],{},[1976,16165,1978],{},[1980,16167,2000],{"stretchy":1985},[4667,16169,16170,16172],{},[1976,16171,10124],{},[1976,16173,2285],{},[2002,16175,16176],{"encoding":2004},"w(0) = \\lambda y_H + (1-\\lambda) y_L",[1957,16178,16180,16207,16265,16286],{"className":16179,"ariaHidden":1993},[2009],[1957,16181,16183,16186,16189,16192,16195,16198,16201,16204],{"className":16182},[2013],[1957,16184],{"className":16185,"style":2042},[2017],[1957,16187,11006],{"className":16188,"style":11119},[2022,2023],[1957,16190,1986],{"className":16191},[2046],[1957,16193,1990],{"className":16194},[2022],[1957,16196,2000],{"className":16197},[2064],[1957,16199],{"className":16200,"style":2028},[2027],[1957,16202,2158],{"className":16203},[2032],[1957,16205],{"className":16206,"style":2028},[2027],[1957,16208,16210,16213,16216,16256,16259,16262],{"className":16209},[2013],[1957,16211],{"className":16212,"style":11801},[2017],[1957,16214,1978],{"className":16215},[2022,2023],[1957,16217,16219,16222],{"className":16218},[2022],[1957,16220,10124],{"className":16221,"style":2181},[2022,2023],[1957,16223,16225],{"className":16224},[2185],[1957,16226,16228,16248],{"className":16227},[2189,2190],[1957,16229,16231,16245],{"className":16230},[2194],[1957,16232,16234],{"className":16233,"style":4703},[2198],[1957,16235,16236,16239],{"style":6226},[1957,16237],{"className":16238,"style":2207},[2206],[1957,16240,16242],{"className":16241},[2211,2212,2213,2214],[1957,16243,2152],{"className":16244,"style":2218},[2022,2023,2214],[1957,16246,2235],{"className":16247},[2234],[1957,16249,16251],{"className":16250},[2194],[1957,16252,16254],{"className":16253,"style":4725},[2198],[1957,16255],{},[1957,16257],{"className":16258,"style":2104},[2027],[1957,16260,3006],{"className":16261},[2108],[1957,16263],{"className":16264,"style":2104},[2027],[1957,16266,16268,16271,16274,16277,16280,16283],{"className":16267},[2013],[1957,16269],{"className":16270,"style":2042},[2017],[1957,16272,1986],{"className":16273},[2046],[1957,16275,1997],{"className":16276},[2022],[1957,16278],{"className":16279,"style":2104},[2027],[1957,16281,2082],{"className":16282},[2108],[1957,16284],{"className":16285,"style":2104},[2027],[1957,16287,16289,16292,16295,16298],{"className":16288},[2013],[1957,16290],{"className":16291,"style":2042},[2017],[1957,16293,1978],{"className":16294},[2022,2023],[1957,16296,2000],{"className":16297},[2064],[1957,16299,16301,16304],{"className":16300},[2022],[1957,16302,10124],{"className":16303,"style":2181},[2022,2023],[1957,16305,16307],{"className":16306},[2185],[1957,16308,16310,16330],{"className":16309},[2189,2190],[1957,16311,16313,16327],{"className":16312},[2194],[1957,16314,16316],{"className":16315,"style":4703},[2198],[1957,16317,16318,16321],{"style":6226},[1957,16319],{"className":16320,"style":2207},[2206],[1957,16322,16324],{"className":16323},[2211,2212,2213,2214],[1957,16325,2285],{"className":16326},[2022,2023,2214],[1957,16328,2235],{"className":16329},[2234],[1957,16331,16333],{"className":16332},[2194],[1957,16334,16336],{"className":16335,"style":4725},[2198],[1957,16337],{},[1798,16339,16340,16343,16344,16347,16348,16457],{},[1845,16341,16342],{},"问题","：需要对",[1845,16345,16346],{},"非均衡路径 (off-equilibrium path)"," 的信念 ",[1957,16349,16351,16379],{"className":16350},[1960],[1957,16352,16354],{"className":16353},[1964],[1966,16355,16356],{"xmlns":1968},[1970,16357,16358,16376],{},[1973,16359,16360,16362,16364,16366,16368,16370,16372,16374],{},[1976,16361,11303],{},[1980,16363,1986],{"stretchy":1985},[1976,16365,9761],{},[1976,16367,6651],{"mathvariant":5226},[1976,16369,10400],{},[1980,16371,11782],{"mathvariant":5226},[1988,16373,1990],{},[1980,16375,2000],{"stretchy":1985},[2002,16377,16378],{"encoding":2004},"\\mu(\\theta|e \\neq 0)",[1957,16380,16382,16445],{"className":16381,"ariaHidden":1993},[2009],[1957,16383,16385,16388,16391,16394,16397,16400,16403,16406,16442],{"className":16384},[2013],[1957,16386],{"className":16387,"style":2042},[2017],[1957,16389,11303],{"className":16390},[2022,2023],[1957,16392,1986],{"className":16393},[2046],[1957,16395,9761],{"className":16396,"style":5028},[2022,2023],[1957,16398,6651],{"className":16399},[2022],[1957,16401,10400],{"className":16402},[2022,2023],[1957,16404],{"className":16405,"style":2028},[2027],[1957,16407,16409,16436,16439],{"className":16408},[2032],[1957,16410,16412],{"className":16411},[2032],[1957,16413,16415],{"className":16414},[2022,11854],[1957,16416,16418],{"className":16417},[11858],[1957,16419,16421,16424,16433],{"className":16420},[11862],[1957,16422],{"className":16423,"style":11801},[2017],[1957,16425,16427],{"className":16426},[11869],[1957,16428,16430],{"className":16429},[2022],[1957,16431,11876],{"className":16432},[2032],[1957,16434],{"className":16435},[11880],[1957,16437],{"className":16438},[2027,11884],[1957,16440,2158],{"className":16441},[2032],[1957,16443],{"className":16444,"style":2028},[2027],[1957,16446,16448,16451,16454],{"className":16447},[2013],[1957,16449],{"className":16450,"style":2042},[2017],[1957,16452,1990],{"className":16453},[2022],[1957,16455,2000],{"className":16456},[2064]," 进行限制。",[1798,16459,16460,16463,16464,16526,16527,16588],{},[1845,16461,16462],{},"直觉准则 (Intuitive Criterion, Cho-Kreps 1987)","：\n如果某个偏离行动 ",[1957,16465,16467,16485],{"className":16466},[1960],[1957,16468,16470],{"className":16469},[1964],[1966,16471,16472],{"xmlns":1968},[1970,16473,16474,16482],{},[1973,16475,16476],{},[2983,16477,16478,16480],{},[1976,16479,10400],{},[1980,16481,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[2002,16483,16484],{"encoding":2004},"e'",[1957,16486,16488],{"className":16487,"ariaHidden":1993},[2009],[1957,16489,16491,16494],{"className":16490},[2013],[1957,16492],{"className":16493,"style":5265},[2017],[1957,16495,16497,16500],{"className":16496},[2022],[1957,16498,10400],{"className":16499},[2022,2023],[1957,16501,16503],{"className":16502},[2185],[1957,16504,16506],{"className":16505},[2189],[1957,16507,16509],{"className":16508},[2194],[1957,16510,16512],{"className":16511,"style":5265},[2198],[1957,16513,16514,16517],{"style":2221},[1957,16515],{"className":16516,"style":2207},[2206],[1957,16518,16520],{"className":16519},[2211,2212,2213,2214],[1957,16521,16523],{"className":16522},[2022,2214],[1957,16524,5227],{"className":16525},[2022,2214]," 对某类型（如低能力）无论雇主如何反应都不如均衡收益，而对另一类型（高能力）则可能有利，那么理性的雇主应该推断选择 ",[1957,16528,16530,16547],{"className":16529},[1960],[1957,16531,16533],{"className":16532},[1964],[1966,16534,16535],{"xmlns":1968},[1970,16536,16537,16545],{},[1973,16538,16539],{},[2983,16540,16541,16543],{},[1976,16542,10400],{},[1980,16544,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[2002,16546,16484],{"encoding":2004},[1957,16548,16550],{"className":16549,"ariaHidden":1993},[2009],[1957,16551,16553,16556],{"className":16552},[2013],[1957,16554],{"className":16555,"style":5265},[2017],[1957,16557,16559,16562],{"className":16558},[2022],[1957,16560,10400],{"className":16561},[2022,2023],[1957,16563,16565],{"className":16564},[2185],[1957,16566,16568],{"className":16567},[2189],[1957,16569,16571],{"className":16570},[2194],[1957,16572,16574],{"className":16573,"style":5265},[2198],[1957,16575,16576,16579],{"style":2221},[1957,16577],{"className":16578,"style":2207},[2206],[1957,16580,16582],{"className":16581},[2211,2212,2213,2214],[1957,16583,16585],{"className":16584},[2022,2214],[1957,16586,5227],{"className":16587},[2022,2214]," 的一定是高能力者。",[1798,16590,16591,16592,16595,16596,7877,16599,16919],{},"应用直觉准则，可以排除许多\"不合理\"的混同均衡，",[1845,16593,16594],{},"Riley结果","：唯一符合直觉准则的均衡是",[1845,16597,16598],{},"最小成本分离均衡",[1957,16600,16602,16648],{"className":16601},[1960],[1957,16603,16605],{"className":16604},[1964],[1966,16606,16607],{"xmlns":1968},[1970,16608,16609,16645],{},[1973,16610,16611,16619,16621],{},[2145,16612,16613,16615,16617],{},[1976,16614,10400],{},[1976,16616,2152],{},[1980,16618,4109],{},[1980,16620,2158],{},[3568,16622,16623,16639],{},[1973,16624,16625,16631,16633],{},[4667,16626,16627,16629],{},[1976,16628,10124],{},[1976,16630,2152],{},[1980,16632,2082],{},[4667,16634,16635,16637],{},[1976,16636,10124],{},[1976,16638,2285],{},[4667,16640,16641,16643],{},[1976,16642,10469],{},[1976,16644,2285],{},[2002,16646,16647],{"encoding":2004},"e_H^* = \\frac{y_H - y_L}{c_L}",[1957,16649,16651,16717],{"className":16650,"ariaHidden":1993},[2009],[1957,16652,16654,16657,16708,16711,16714],{"className":16653},[2013],[1957,16655],{"className":16656,"style":11983},[2017],[1957,16658,16660,16663],{"className":16659},[2022],[1957,16661,10400],{"className":16662},[2022,2023],[1957,16664,16666],{"className":16665},[2185],[1957,16667,16669,16700],{"className":16668},[2189,2190],[1957,16670,16672,16697],{"className":16671},[2194],[1957,16673,16675,16686],{"className":16674,"style":4145},[2198],[1957,16676,16677,16680],{"style":12004},[1957,16678],{"className":16679,"style":2207},[2206],[1957,16681,16683],{"className":16682},[2211,2212,2213,2214],[1957,16684,2152],{"className":16685,"style":2218},[2022,2023,2214],[1957,16687,16688,16691],{"style":2221},[1957,16689],{"className":16690,"style":2207},[2206],[1957,16692,16694],{"className":16693},[2211,2212,2213,2214],[1957,16695,4109],{"className":16696},[2108,2214],[1957,16698,2235],{"className":16699},[2234],[1957,16701,16703],{"className":16702},[2194],[1957,16704,16706],{"className":16705,"style":2242},[2198],[1957,16707],{},[1957,16709],{"className":16710,"style":2028},[2027],[1957,16712,2158],{"className":16713},[2032],[1957,16715],{"className":16716,"style":2028},[2027],[1957,16718,16720,16724],{"className":16719},[2013],[1957,16721],{"className":16722,"style":16723},[2017],"height:1.2997em;vertical-align:-0.4453em;",[1957,16725,16727,16730,16916],{"className":16726},[2022],[1957,16728],{"className":16729},[2046,3633],[1957,16731,16733],{"className":16732},[3568],[1957,16734,16736,16907],{"className":16735},[2189,2190],[1957,16737,16739,16904],{"className":16738},[2194],[1957,16740,16743,16800,16808],{"className":16741,"style":16742},[2198],"height:0.8544em;",[1957,16744,16745,16748],{"style":3649},[1957,16746],{"className":16747,"style":3653},[2206],[1957,16749,16751],{"className":16750},[2211,2212,2213,2214],[1957,16752,16754],{"className":16753},[2022,2214],[1957,16755,16757,16760],{"className":16756},[2022,2214],[1957,16758,10469],{"className":16759},[2022,2023,2214],[1957,16761,16763],{"className":16762},[2185],[1957,16764,16766,16791],{"className":16765},[2189,2190],[1957,16767,16769,16788],{"className":16768},[2194],[1957,16770,16773],{"className":16771,"style":16772},[2198],"height:0.3448em;",[1957,16774,16776,16780],{"style":16775},"top:-2.3567em;margin-left:0em;margin-right:0.0714em;",[1957,16777],{"className":16778,"style":16779},[2206],"height:2.5em;",[1957,16781,16785],{"className":16782},[2211,16783,16784,2214],"reset-size3","size1",[1957,16786,2285],{"className":16787},[2022,2023,2214],[1957,16789,2235],{"className":16790},[2234],[1957,16792,16794],{"className":16793},[2194],[1957,16795,16798],{"className":16796,"style":16797},[2198],"height:0.1433em;",[1957,16799],{},[1957,16801,16802,16805],{"style":3671},[1957,16803],{"className":16804,"style":3653},[2206],[1957,16806],{"className":16807,"style":3679},[3678],[1957,16809,16811,16814],{"style":16810},"top:-3.4461em;",[1957,16812],{"className":16813,"style":3653},[2206],[1957,16815,16817],{"className":16816},[2211,2212,2213,2214],[1957,16818,16820,16861,16864],{"className":16819},[2022,2214],[1957,16821,16823,16826],{"className":16822},[2022,2214],[1957,16824,10124],{"className":16825,"style":2181},[2022,2023,2214],[1957,16827,16829],{"className":16828},[2185],[1957,16830,16832,16853],{"className":16831},[2189,2190],[1957,16833,16835,16850],{"className":16834},[2194],[1957,16836,16838],{"className":16837,"style":16772},[2198],[1957,16839,16841,16844],{"style":16840},"top:-2.3567em;margin-left:-0.0359em;margin-right:0.0714em;",[1957,16842],{"className":16843,"style":16779},[2206],[1957,16845,16847],{"className":16846},[2211,16783,16784,2214],[1957,16848,2152],{"className":16849,"style":2218},[2022,2023,2214],[1957,16851,2235],{"className":16852},[2234],[1957,16854,16856],{"className":16855},[2194],[1957,16857,16859],{"className":16858,"style":16797},[2198],[1957,16860],{},[1957,16862,2082],{"className":16863},[2108,2214],[1957,16865,16867,16870],{"className":16866},[2022,2214],[1957,16868,10124],{"className":16869,"style":2181},[2022,2023,2214],[1957,16871,16873],{"className":16872},[2185],[1957,16874,16876,16896],{"className":16875},[2189,2190],[1957,16877,16879,16893],{"className":16878},[2194],[1957,16880,16882],{"className":16881,"style":16772},[2198],[1957,16883,16884,16887],{"style":16840},[1957,16885],{"className":16886,"style":16779},[2206],[1957,16888,16890],{"className":16889},[2211,16783,16784,2214],[1957,16891,2285],{"className":16892},[2022,2023,2214],[1957,16894,2235],{"className":16895},[2234],[1957,16897,16899],{"className":16898},[2194],[1957,16900,16902],{"className":16901,"style":16797},[2198],[1957,16903],{},[1957,16905,2235],{"className":16906},[2234],[1957,16908,16910],{"className":16909},[2194],[1957,16911,16914],{"className":16912,"style":16913},[2198],"height:0.4453em;",[1957,16915],{},[1957,16917],{"className":16918},[2064,3633],"）。",[1794,16921,16923],{"id":16922},"三筛选机制-screening","三、筛选机制 (Screening)",[1798,16925,16926,16927,16930],{},"筛选是信息劣势方的主动策略：通过设计一套",[1845,16928,16929],{},"菜单合同 (menu of contracts)","，让不同类型自我选择。",[1883,16932,16934],{"id":16933},"_31-非线性定价-nonlinear-pricing","3.1 非线性定价 (Nonlinear Pricing)",[1798,16936,16937,1944],{},[1845,16938,16939],{},"垄断筛选模型",[1798,16941,16942,1944],{},[1845,16943,4618],{},[1805,16945,16946,16977,17251],{},[1808,16947,16948,16949],{},"垄断企业出售某种产品，边际成本为 ",[1957,16950,16952,16965],{"className":16951},[1960],[1957,16953,16955],{"className":16954},[1964],[1966,16956,16957],{"xmlns":1968},[1970,16958,16959,16963],{},[1973,16960,16961],{},[1976,16962,10469],{},[2002,16964,10469],{"encoding":2004},[1957,16966,16968],{"className":16967,"ariaHidden":1993},[2009],[1957,16969,16971,16974],{"className":16970},[2013],[1957,16972],{"className":16973,"style":5143},[2017],[1957,16975,10469],{"className":16976},[2022,2023],[1808,16978,16979,16980,17049,17050,7877,17119,3977],{},"两类消费者：高需求类型 ",[1957,16981,16983,17000],{"className":16982},[1960],[1957,16984,16986],{"className":16985},[1964],[1966,16987,16988],{"xmlns":1968},[1970,16989,16990,16998],{},[1973,16991,16992],{},[4667,16993,16994,16996],{},[1976,16995,9761],{},[1976,16997,2152],{},[2002,16999,9766],{"encoding":2004},[1957,17001,17003],{"className":17002,"ariaHidden":1993},[2009],[1957,17004,17006,17009],{"className":17005},[2013],[1957,17007],{"className":17008,"style":9776},[2017],[1957,17010,17012,17015],{"className":17011},[2022],[1957,17013,9761],{"className":17014,"style":5028},[2022,2023],[1957,17016,17018],{"className":17017},[2185],[1957,17019,17021,17041],{"className":17020},[2189,2190],[1957,17022,17024,17038],{"className":17023},[2194],[1957,17025,17027],{"className":17026,"style":4703},[2198],[1957,17028,17029,17032],{"style":9797},[1957,17030],{"className":17031,"style":2207},[2206],[1957,17033,17035],{"className":17034},[2211,2212,2213,2214],[1957,17036,2152],{"className":17037,"style":2218},[2022,2023,2214],[1957,17039,2235],{"className":17040},[2234],[1957,17042,17044],{"className":17043},[2194],[1957,17045,17047],{"className":17046,"style":4725},[2198],[1957,17048],{}," 和低需求类型 ",[1957,17051,17053,17070],{"className":17052},[1960],[1957,17054,17056],{"className":17055},[1964],[1966,17057,17058],{"xmlns":1968},[1970,17059,17060,17068],{},[1973,17061,17062],{},[4667,17063,17064,17066],{},[1976,17065,9761],{},[1976,17067,2285],{},[2002,17069,9839],{"encoding":2004},[1957,17071,17073],{"className":17072,"ariaHidden":1993},[2009],[1957,17074,17076,17079],{"className":17075},[2013],[1957,17077],{"className":17078,"style":9776},[2017],[1957,17080,17082,17085],{"className":17081},[2022],[1957,17083,9761],{"className":17084,"style":5028},[2022,2023],[1957,17086,17088],{"className":17087},[2185],[1957,17089,17091,17111],{"className":17090},[2189,2190],[1957,17092,17094,17108],{"className":17093},[2194],[1957,17095,17097],{"className":17096,"style":4703},[2198],[1957,17098,17099,17102],{"style":9797},[1957,17100],{"className":17101,"style":2207},[2206],[1957,17103,17105],{"className":17104},[2211,2212,2213,2214],[1957,17106,2285],{"className":17107},[2022,2023,2214],[1957,17109,2235],{"className":17110},[2234],[1957,17112,17114],{"className":17113},[2194],[1957,17115,17117],{"className":17116,"style":4725},[2198],[1957,17118],{},[1957,17120,17122,17147],{"className":17121},[1960],[1957,17123,17125],{"className":17124},[1964],[1966,17126,17127],{"xmlns":1968},[1970,17128,17129,17145],{},[1973,17130,17131,17137,17139],{},[4667,17132,17133,17135],{},[1976,17134,9761],{},[1976,17136,2152],{},[1980,17138,2620],{},[4667,17140,17141,17143],{},[1976,17142,9761],{},[1976,17144,2285],{},[2002,17146,9917],{"encoding":2004},[1957,17148,17150,17205],{"className":17149,"ariaHidden":1993},[2009],[1957,17151,17153,17156,17196,17199,17202],{"className":17152},[2013],[1957,17154],{"className":17155,"style":9776},[2017],[1957,17157,17159,17162],{"className":17158},[2022],[1957,17160,9761],{"className":17161,"style":5028},[2022,2023],[1957,17163,17165],{"className":17164},[2185],[1957,17166,17168,17188],{"className":17167},[2189,2190],[1957,17169,17171,17185],{"className":17170},[2194],[1957,17172,17174],{"className":17173,"style":4703},[2198],[1957,17175,17176,17179],{"style":9797},[1957,17177],{"className":17178,"style":2207},[2206],[1957,17180,17182],{"className":17181},[2211,2212,2213,2214],[1957,17183,2152],{"className":17184,"style":2218},[2022,2023,2214],[1957,17186,2235],{"className":17187},[2234],[1957,17189,17191],{"className":17190},[2194],[1957,17192,17194],{"className":17193,"style":4725},[2198],[1957,17195],{},[1957,17197],{"className":17198,"style":2028},[2027],[1957,17200,2620],{"className":17201},[2032],[1957,17203],{"className":17204,"style":2028},[2027],[1957,17206,17208,17211],{"className":17207},[2013],[1957,17209],{"className":17210,"style":9776},[2017],[1957,17212,17214,17217],{"className":17213},[2022],[1957,17215,9761],{"className":17216,"style":5028},[2022,2023],[1957,17218,17220],{"className":17219},[2185],[1957,17221,17223,17243],{"className":17222},[2189,2190],[1957,17224,17226,17240],{"className":17225},[2194],[1957,17227,17229],{"className":17228,"style":4703},[2198],[1957,17230,17231,17234],{"style":9797},[1957,17232],{"className":17233,"style":2207},[2206],[1957,17235,17237],{"className":17236},[2211,2212,2213,2214],[1957,17238,2285],{"className":17239},[2022,2023,2214],[1957,17241,2235],{"className":17242},[2234],[1957,17244,17246],{"className":17245},[2194],[1957,17247,17249],{"className":17248,"style":4725},[2198],[1957,17250],{},[1808,17252,17253,17254,17406],{},"消费者效用：",[1957,17255,17257,17304],{"className":17256},[1960],[1957,17258,17260],{"className":17259},[1964],[1966,17261,17262],{"xmlns":1968},[1970,17263,17264,17301],{},[1973,17265,17266,17268,17270,17272,17274,17276,17278,17281,17283,17285,17287,17289,17291,17293,17295,17297,17299],{},[1976,17267,5321],{},[1980,17269,1986],{"stretchy":1985},[1976,17271,9761],{},[1980,17273,1994],{"separator":1993},[1976,17275,5048],{},[1980,17277,1994],{"separator":1993},[1976,17279,17280],{},"T",[1980,17282,2000],{"stretchy":1985},[1980,17284,2158],{},[1976,17286,9761],{},[1980,17288,3031],{},[1976,17290,2149],{},[1980,17292,1986],{"stretchy":1985},[1976,17294,5048],{},[1980,17296,2000],{"stretchy":1985},[1980,17298,2082],{},[1976,17300,17280],{},[2002,17302,17303],{"encoding":2004},"U(\\theta, q, T) = \\theta \\cdot v(q) - T",[1957,17305,17307,17352,17370,17397],{"className":17306,"ariaHidden":1993},[2009],[1957,17308,17310,17313,17316,17319,17322,17325,17328,17331,17334,17337,17340,17343,17346,17349],{"className":17309},[2013],[1957,17311],{"className":17312,"style":2042},[2017],[1957,17314,5321],{"className":17315,"style":5412},[2022,2023],[1957,17317,1986],{"className":17318},[2046],[1957,17320,9761],{"className":17321,"style":5028},[2022,2023],[1957,17323,1994],{"className":17324},[2053],[1957,17326],{"className":17327,"style":2057},[2027],[1957,17329,5048],{"className":17330,"style":2181},[2022,2023],[1957,17332,1994],{"className":17333},[2053],[1957,17335],{"className":17336,"style":2057},[2027],[1957,17338,17280],{"className":17339,"style":4997},[2022,2023],[1957,17341,2000],{"className":17342},[2064],[1957,17344],{"className":17345,"style":2028},[2027],[1957,17347,2158],{"className":17348},[2032],[1957,17350],{"className":17351,"style":2028},[2027],[1957,17353,17355,17358,17361,17364,17367],{"className":17354},[2013],[1957,17356],{"className":17357,"style":2118},[2017],[1957,17359,9761],{"className":17360,"style":5028},[2022,2023],[1957,17362],{"className":17363,"style":2104},[2027],[1957,17365,3031],{"className":17366},[2108],[1957,17368],{"className":17369,"style":2104},[2027],[1957,17371,17373,17376,17379,17382,17385,17388,17391,17394],{"className":17372},[2013],[1957,17374],{"className":17375,"style":2042},[2017],[1957,17377,2149],{"className":17378,"style":2181},[2022,2023],[1957,17380,1986],{"className":17381},[2046],[1957,17383,5048],{"className":17384,"style":2181},[2022,2023],[1957,17386,2000],{"className":17387},[2064],[1957,17389],{"className":17390,"style":2104},[2027],[1957,17392,2082],{"className":17393},[2108],[1957,17395],{"className":17396,"style":2104},[2027],[1957,17398,17400,17403],{"className":17399},[2013],[1957,17401],{"className":17402,"style":4649},[2017],[1957,17404,17280],{"className":17405,"style":4997},[2022,2023],[1805,17407,17408,17468],{},[1808,17409,17410,17438,17439,17467],{},[1957,17411,17413,17426],{"className":17412},[1960],[1957,17414,17416],{"className":17415},[1964],[1966,17417,17418],{"xmlns":1968},[1970,17419,17420,17424],{},[1973,17421,17422],{},[1976,17423,5048],{},[2002,17425,5048],{"encoding":2004},[1957,17427,17429],{"className":17428,"ariaHidden":1993},[2009],[1957,17430,17432,17435],{"className":17431},[2013],[1957,17433],{"className":17434,"style":2954},[2017],[1957,17436,5048],{"className":17437,"style":2181},[2022,2023],"：消费数量，",[1957,17440,17442,17455],{"className":17441},[1960],[1957,17443,17445],{"className":17444},[1964],[1966,17446,17447],{"xmlns":1968},[1970,17448,17449,17453],{},[1973,17450,17451],{},[1976,17452,17280],{},[2002,17454,17280],{"encoding":2004},[1957,17456,17458],{"className":17457,"ariaHidden":1993},[2009],[1957,17459,17461,17464],{"className":17460},[2013],[1957,17462],{"className":17463,"style":4649},[2017],[1957,17465,17280],{"className":17466,"style":4997},[2022,2023],"：总支付",[1808,17469,17470,17514,17515],{},[1957,17471,17473,17493],{"className":17472},[1960],[1957,17474,17476],{"className":17475},[1964],[1966,17477,17478],{"xmlns":1968},[1970,17479,17480,17490],{},[1973,17481,17482,17484,17486,17488],{},[1976,17483,2149],{},[1980,17485,1986],{"stretchy":1985},[1976,17487,5048],{},[1980,17489,2000],{"stretchy":1985},[2002,17491,17492],{"encoding":2004},"v(q)",[1957,17494,17496],{"className":17495,"ariaHidden":1993},[2009],[1957,17497,17499,17502,17505,17508,17511],{"className":17498},[2013],[1957,17500],{"className":17501,"style":2042},[2017],[1957,17503,2149],{"className":17504,"style":2181},[2022,2023],[1957,17506,1986],{"className":17507},[2046],[1957,17509,5048],{"className":17510,"style":2181},[2022,2023],[1957,17512,2000],{"className":17513},[2064],"：基础效用函数，",[1957,17516,17518,17556],{"className":17517},[1960],[1957,17519,17521],{"className":17520},[1964],[1966,17522,17523],{"xmlns":1968},[1970,17524,17525,17553],{},[1973,17526,17527,17533,17535,17537,17539,17549,17551],{},[2983,17528,17529,17531],{},[1976,17530,2149],{},[1980,17532,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,17534,2620],{},[1988,17536,1990],{},[1980,17538,1994],{"separator":1993},[2983,17540,17541,17543],{},[1976,17542,2149],{},[1973,17544,17545,17547],{},[1980,17546,5227],{"mathvariant":5226},[1980,17548,5227],{"mathvariant":5226},[1980,17550,3402],{},[1988,17552,1990],{},[2002,17554,17555],{"encoding":2004},"v' > 0, v'' \u003C 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\\lambda [T_H - c \\cdot q_H] + (1-\\lambda)[T_L - c \\cdot 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7,18336,18337,18340],{"style":17816},[1957,18338],{"className":18339,"style":2207},[2206],[1957,18341,18343],{"className":18342},[2211,2212,2213,2214],[1957,18344,2152],{"className":18345,"style":2218},[2022,2023,2214],[1957,18347,2235],{"className":18348},[2234],[1957,18350,18352],{"className":18351},[2194],[1957,18353,18355],{"className":18354,"style":4725},[2198],[1957,18356],{},[1957,18358],{"className":18359,"style":2104},[2027],[1957,18361,2082],{"className":18362},[2108],[1957,18364],{"className":18365,"style":2104},[2027],[1957,18367,18369,18373,18376,18379,18382],{"className":18368},[2013],[1957,18370],{"className":18371,"style":18372},[2017],"height:0.4445em;",[1957,18374,10469],{"className":18375},[2022,2023],[1957,18377],{"className":18378,"style":2104},[2027],[1957,18380,3031],{"className":18381},[2108],[1957,18383],{"className":18384,"style":2104},[2027],[1957,18386,18388,18391,18431,18434,18437,18440],{"className":18387},[2013],[1957,18389],{"className":18390,"style":2042},[2017],[1957,18392,18394,18397],{"className":18393},[2022],[1957,18395,5048],{"className":18396,"style":2181},[2022,2023],[1957,18398,18400],{"className":18399},[2185],[1957,18401,18403,18423],{"className":18402},[2189,2190],[1957,18404,18406,18420],{"className":18405},[2194],[1957,18407,18409],{"className":18408,"style":4703},[2198],[1957,18410,18411,18414],{"style":6226},[1957,18412],{"className":18413,"style":2207},[2206],[1957,18415,18417],{"className":18416},[2211,2212,2213,2214],[1957,18418,2152],{"className":18419,"style":2218},[2022,2023,2214],[1957,18421,2235],{"className":18422},[2234],[1957,18424,18426],{"className":18425},[2194],[1957,18427,18429],{"className":18428,"style":4725},[2198],[1957,18430],{},[1957,18432,2991],{"className":18433},[2064],[1957,18435],{"className":18436,"style":2104},[2027],[1957,18438,3006],{"className":18439},[2108],[1957,18441],{"className":18442,"style":2104},[2027],[1957,18444,18446,18449,18452,18455,18458,18461],{"className":18445},[2013],[1957,18447],{"className":18448,"style":2042},[2017],[1957,18450,1986],{"className":18451},[2046],[1957,18453,1997],{"className":18454},[2022],[1957,18456],{"className":18457,"style":2104},[2027],[1957,18459,2082],{"className":18460},[2108],[1957,18462],{"className":18463,"style":2104},[2027],[1957,18465,18467,18470,18473,18476,18479,18519,18522,18525],{"className":18466},[2013],[1957,18468],{"className":18469,"style":2042},[2017],[1957,18471,1978],{"className":18472},[2022,2023],[1957,18474,2000],{"className":18475},[2064],[1957,18477,2981],{"className":18478},[2046],[1957,18480,18482,18485],{"className":18481},[2022],[1957,18483,17280],{"className":18484,"style":4997},[2022,2023],[1957,18486,18488],{"className":18487},[2185],[1957,18489,18491,18511],{"className":18490},[2189,2190],[1957,18492,18494,18508],{"className":18493},[2194],[1957,18495,18497],{"className":18496,"style":4703},[2198],[1957,18498,18499,18502],{"style":17816},[1957,18500],{"className":18501,"style":2207},[2206],[1957,18503,18505],{"className":18504},[2211,2212,2213,2214],[1957,18506,2285],{"className":18507},[2022,2023,2214],[1957,18509,2235],{"className":18510},[2234],[1957,18512,18514],{"className":18513},[2194],[1957,18515,18517],{"className":18516,"style":4725},[2198],[1957,18518],{},[1957,18520],{"className":18521,"style":2104},[2027],[1957,18523,2082],{"className":18524},[2108],[1957,18526],{"className":18527,"style":2104},[2027],[1957,18529,18531,18534,18537,18540,18543],{"className":18530},[2013],[1957,18532],{"className":18533,"style":18372},[2017],[1957,18535,10469],{"className":18536},[2022,2023],[1957,18538],{"className":18539,"style":2104},[2027],[1957,18541,3031],{"className":18542},[2108],[1957,18544],{"className":18545,"style":2104},[2027],[1957,18547,18549,18552,18592],{"className":18548},[2013],[1957,18550],{"className":18551,"style":2042},[2017],[1957,18553,18555,18558],{"className":18554},[2022],[1957,18556,5048],{"className":18557,"style":2181},[2022,2023],[1957,18559,18561],{"className":18560},[2185],[1957,18562,18564,18584],{"className":18563},[2189,2190],[1957,18565,18567,18581],{"className":18566},[2194],[1957,18568,18570],{"className":18569,"style":4703},[2198],[1957,18571,18572,18575],{"style":6226},[1957,18573],{"className":18574,"style":2207},[2206],[1957,18576,18578],{"className":18577},[2211,2212,2213,2214],[1957,18579,2285],{"className":18580},[2022,2023,2214],[1957,18582,2235],{"className":18583},[2234],[1957,18585,18587],{"className":18586},[2194],[1957,18588,18590],{"className":18589,"style":4725},[2198],[1957,18591],{},[1957,18593,2991],{"className":18594},[2064],[1798,18596,18597,1944],{},[1845,18598,18599],{},"约束",[1887,18601,18602,19048],{},[1808,18603,18604,1944,18607],{},[1845,18605,18606],{},"参与约束 (PC)",[1805,18608,18609,18829],{},[1808,18610,18611,18828],{},[1957,18612,18614,18656],{"className":18613},[1960],[1957,18615,18617],{"className":18616},[1964],[1966,18618,18619],{"xmlns":1968},[1970,18620,18621,18653],{},[1973,18622,18623,18629,18631,18633,18639,18641,18643,18649,18651],{},[4667,18624,18625,18627],{},[1976,18626,9761],{},[1976,18628,2152],{},[1976,18630,2149],{},[1980,18632,1986],{"stretchy":1985},[4667,18634,18635,18637],{},[1976,18636,5048],{},[1976,18638,2152],{},[1980,18640,2000],{"stretchy":1985},[1980,18642,2082],{},[4667,18644,18645,18647],{},[1976,18646,17280],{},[1976,18648,2152],{},[1980,18650,4202],{},[1988,18652,1990],{},[2002,18654,18655],{"encoding":2004},"\\theta_H v(q_H) - T_H \\geq 0",[1957,18657,18659,18763,18819],{"className":18658,"ariaHidden":1993},[2009],[1957,18660,18662,18665,18705,18708,18711,18751,18754,18757,18760],{"className":18661},[2013],[1957,18663],{"className":18664,"style":2042},[2017],[1957,18666,18668,18671],{"className":18667},[2022],[1957,18669,9761],{"className":18670,"style":5028},[2022,2023],[1957,18672,18674],{"className":18673},[2185],[1957,18675,18677,18697],{"className":18676},[2189,2190],[1957,18678,18680,18694],{"className":18679},[2194],[1957,18681,18683],{"className":18682,"style":4703},[2198],[1957,18684,18685,18688],{"style":9797},[1957,18686],{"className":18687,"style":2207},[2206],[1957,18689,18691],{"className":18690},[2211,2212,2213,2214],[1957,18692,2152],{"className":18693,"style":2218},[2022,2023,2214],[1957,18695,2235],{"className":18696},[2234],[1957,18698,18700],{"className":18699},[2194],[1957,18701,18703],{"className":18702,"style":4725},[2198],[1957,18704],{},[1957,18706,2149],{"className":18707,"style":2181},[2022,2023],[1957,18709,1986],{"className":18710},[2046],[1957,18712,18714,18717],{"className":18713},[2022],[1957,18715,5048],{"className":18716,"style":2181},[2022,2023],[1957,18718,18720],{"className":18719},[2185],[1957,18721,18723,18743],{"className":18722},[2189,2190],[1957,18724,18726,18740],{"className":18725},[2194],[1957,18727,18729],{"className":18728,"style":4703},[2198],[1957,18730,18731,18734],{"style":6226},[1957,18732],{"className":18733,"style":2207},[2206],[1957,18735,18737],{"className":18736},[2211,2212,2213,2214],[1957,18738,2152],{"className":18739,"style":2218},[2022,2023,2214],[1957,18741,2235],{"className":18742},[2234],[1957,18744,18746],{"className":18745},[2194],[1957,18747,18749],{"className":18748,"style":4725},[2198],[1957,18750],{},[1957,18752,2000],{"className":18753},[2064],[1957,18755],{"className":18756,"style":2104},[2027],[1957,18758,2082],{"className":18759},[2108],[1957,18761],{"className":18762,"style":2104},[2027],[1957,18764,18766,18770,18810,18813,18816],{"className":18765},[2013],[1957,18767],{"className":18768,"style":18769},[2017],"height:0.8333em;vertical-align:-0.15em;",[1957,18771,18773,18776],{"className":18772},[2022],[1957,18774,17280],{"className":18775,"style":4997},[2022,2023],[1957,18777,18779],{"className":18778},[2185],[1957,18780,18782,18802],{"className":18781},[2189,2190],[1957,18783,18785,18799],{"className":18784},[2194],[1957,18786,18788],{"className":18787,"style":4703},[2198],[1957,18789,18790,18793],{"style":17816},[1957,18791],{"className":18792,"style":2207},[2206],[1957,18794,18796],{"className":18795},[2211,2212,2213,2214],[1957,18797,2152],{"className":18798,"style":2218},[2022,2023,2214],[1957,18800,2235],{"className":18801},[2234],[1957,18803,18805],{"className":18804},[2194],[1957,18806,18808],{"className":18807,"style":4725},[2198],[1957,18809],{},[1957,18811],{"className":18812,"style":2028},[2027],[1957,18814,4202],{"className":18815},[2032],[1957,18817],{"className":18818,"style":2028},[2027],[1957,18820,18822,18825],{"className":18821},[2013],[1957,18823],{"className":18824,"style":2260},[2017],[1957,18826,1990],{"className":18827},[2022]," （PC-H）",[1808,18830,18831,19047],{},[1957,18832,18834,18876],{"className":18833},[1960],[1957,18835,18837],{"className":18836},[1964],[1966,18838,18839],{"xmlns":1968},[1970,18840,18841,18873],{},[1973,18842,18843,18849,18851,18853,18859,18861,18863,18869,18871],{},[4667,18844,18845,18847],{},[1976,18846,9761],{},[1976,18848,2285],{},[1976,18850,2149],{},[1980,18852,1986],{"stretchy":1985},[4667,18854,18855,18857],{},[1976,18856,5048],{},[1976,18858,2285],{},[1980,18860,2000],{"stretchy":1985},[1980,18862,2082],{},[4667,18864,18865,18867],{},[1976,18866,17280],{},[1976,18868,2285],{},[1980,18870,4202],{},[1988,18872,1990],{},[2002,18874,18875],{"encoding":2004},"\\theta_L v(q_L) - T_L \\geq 0",[1957,18877,18879,18983,19038],{"className":18878,"ariaHidden":1993},[2009],[1957,18880,18882,18885,18925,18928,18931,18971,18974,18977,18980],{"className":18881},[2013],[1957,18883],{"className":18884,"style":2042},[2017],[1957,18886,18888,18891],{"className":18887},[2022],[1957,18889,9761],{"className":18890,"style":5028},[2022,2023],[1957,18892,18894],{"className":18893},[2185],[1957,18895,18897,18917],{"className":18896},[2189,2190],[1957,18898,18900,18914],{"className":18899},[2194],[1957,18901,18903],{"className":18902,"style":4703},[2198],[1957,18904,18905,18908],{"style":9797},[1957,18906],{"className":18907,"style":2207},[2206],[1957,18909,18911],{"className":18910},[2211,2212,2213,2214],[1957,18912,2285],{"className":18913},[2022,2023,2214],[1957,18915,2235],{"className":18916},[2234],[1957,18918,18920],{"className":18919},[2194],[1957,18921,18923],{"className":18922,"style":4725},[2198],[1957,18924],{},[1957,18926,2149],{"className":18927,"style":2181},[2022,2023],[1957,18929,1986],{"className":18930},[2046],[1957,18932,18934,18937],{"className":18933},[2022],[1957,18935,5048],{"className":18936,"style":2181},[2022,2023],[1957,18938,18940],{"className":18939},[2185],[1957,18941,18943,18963],{"className":18942},[2189,2190],[1957,18944,18946,18960],{"className":18945},[2194],[1957,18947,18949],{"className":18948,"style":4703},[2198],[1957,18950,18951,18954],{"style":6226},[1957,18952],{"className":18953,"style":2207},[2206],[1957,18955,18957],{"className":18956},[2211,2212,2213,2214],[1957,18958,2285],{"className":18959},[2022,2023,2214],[1957,18961,2235],{"className":18962},[2234],[1957,18964,18966],{"className":18965},[2194],[1957,18967,18969],{"className":18968,"style":4725},[2198],[1957,18970],{},[1957,18972,2000],{"className":18973},[2064],[1957,18975],{"className":18976,"style":2104},[2027],[1957,18978,2082],{"className":18979},[2108],[1957,18981],{"className":18982,"style":2104},[2027],[1957,18984,18986,18989,19029,19032,19035],{"className":18985},[2013],[1957,18987],{"className":18988,"style":18769},[2017],[1957,18990,18992,18995],{"className":18991},[2022],[1957,18993,17280],{"className":18994,"style":4997},[2022,2023],[1957,18996,18998],{"className":18997},[2185],[1957,18999,19001,19021],{"className":19000},[2189,2190],[1957,19002,19004,19018],{"className":19003},[2194],[1957,19005,19007],{"className":19006,"style":4703},[2198],[1957,19008,19009,19012],{"style":17816},[1957,19010],{"className":19011,"style":2207},[2206],[1957,19013,19015],{"className":19014},[2211,2212,2213,2214],[1957,19016,2285],{"className":19017},[2022,2023,2214],[1957,19019,2235],{"className":19020},[2234],[1957,19022,19024],{"className":19023},[2194],[1957,19025,19027],{"className":19026,"style":4725},[2198],[1957,19028],{},[1957,19030],{"className":19031,"style":2028},[2027],[1957,19033,4202],{"className":19034},[2032],[1957,19036],{"className":19037,"style":2028},[2027],[1957,19039,19041,19044],{"className":19040},[2013],[1957,19042],{"className":19043,"style":2260},[2017],[1957,19045,1990],{"className":19046},[2022]," （PC-L）",[1808,19049,19050,1944,19053],{},[1845,19051,19052],{},"激励相容约束 (IC)",[1805,19054,19055,19439],{},[1808,19056,19057,19438],{},[1957,19058,19060,19126],{"className":19059},[1960],[1957,19061,19063],{"className":19062},[1964],[1966,19064,19065],{"xmlns":1968},[1970,19066,19067,19123],{},[1973,19068,19069,19075,19077,19079,19085,19087,19089,19095,19097,19103,19105,19107,19113,19115,19117],{},[4667,19070,19071,19073],{},[1976,19072,9761],{},[1976,19074,2152],{},[1976,19076,2149],{},[1980,19078,1986],{"stretchy":1985},[4667,19080,19081,19083],{},[1976,19082,5048],{},[1976,19084,2152],{},[1980,19086,2000],{"stretchy":1985},[1980,19088,2082],{},[4667,19090,19091,19093],{},[1976,19092,17280],{},[1976,19094,2152],{},[1980,19096,4202],{},[4667,19098,19099,19101],{},[1976,19100,9761],{},[1976,19102,2152],{},[1976,19104,2149],{},[1980,19106,1986],{"stretchy":1985},[4667,19108,19109,19111],{},[1976,19110,5048],{},[1976,19112,2285],{},[1980,19114,2000],{"stretchy":1985},[1980,19116,2082],{},[4667,19118,19119,19121],{},[1976,19120,17280],{},[1976,19122,2285],{},[2002,19124,19125],{"encoding":2004},"\\theta_H v(q_H) - T_H \\geq \\theta_H v(q_L) - T_L",[1957,19127,19129,19233,19288,19392],{"className":19128,"ariaHidden":1993},[2009],[1957,19130,19132,19135,19175,19178,19181,19221,19224,19227,19230],{"className":19131},[2013],[1957,19133],{"className":19134,"style":2042},[2017],[1957,19136,19138,19141],{"className":19137},[2022],[1957,19139,9761],{"className":19140,"style":5028},[2022,2023],[1957,19142,19144],{"className":19143},[2185],[1957,19145,19147,19167],{"className":19146},[2189,2190],[1957,19148,19150,19164],{"className":19149},[2194],[1957,19151,19153],{"className":19152,"style":4703},[2198],[1957,19154,19155,19158],{"style":9797},[1957,19156],{"className":19157,"style":2207},[2206],[1957,19159,19161],{"className":19160},[2211,2212,2213,2214],[1957,19162,2152],{"className":19163,"style":2218},[2022,2023,2214],[1957,19165,2235],{"className":19166},[2234],[1957,19168,19170],{"className":19169},[2194],[1957,19171,19173],{"className":19172,"style":4725},[2198],[1957,19174],{},[1957,19176,2149],{"className":19177,"style":2181},[2022,2023],[1957,19179,1986],{"className":19180},[2046],[1957,19182,19184,19187],{"className":19183},[2022],[1957,19185,5048],{"className":19186,"style":2181},[2022,2023],[1957,19188,19190],{"className":19189},[2185],[1957,19191,19193,19213],{"className":19192},[2189,2190],[1957,19194,19196,19210],{"className":19195},[2194],[1957,19197,19199],{"className":19198,"style":4703},[2198],[1957,19200,19201,19204],{"style":6226},[1957,19202],{"className":19203,"style":2207},[2206],[1957,19205,19207],{"className":19206},[2211,2212,2213,2214],[1957,19208,2152],{"className":19209,"style":2218},[2022,2023,2214],[1957,19211,2235],{"className":19212},[2234],[1957,19214,19216],{"className":19215},[2194],[1957,19217,19219],{"className":19218,"style":4725},[2198],[1957,19220],{},[1957,19222,2000],{"className":19223},[2064],[1957,19225],{"className":19226,"style":2104},[2027],[1957,19228,2082],{"className":19229},[2108],[1957,19231],{"className":19232,"style":2104},[2027],[1957,19234,19236,19239,19279,19282,19285],{"className":19235},[2013],[1957,19237],{"className":19238,"style":18769},[2017],[1957,19240,19242,19245],{"className":19241},[2022],[1957,19243,17280],{"className":19244,"style":4997},[2022,2023],[1957,19246,19248],{"className":19247},[2185],[1957,19249,19251,19271],{"className":19250},[2189,2190],[1957,19252,19254,19268],{"className":19253},[2194],[1957,19255,19257],{"className":19256,"style":4703},[2198],[1957,19258,19259,19262],{"style":17816},[1957,19260],{"className":19261,"style":2207},[2206],[1957,19263,19265],{"className":19264},[2211,2212,2213,2214],[1957,19266,2152],{"className":19267,"style":2218},[2022,2023,2214],[1957,19269,2235],{"className":19270},[2234],[1957,19272,19274],{"className":19273},[2194],[1957,19275,19277],{"className":19276,"style":4725},[2198],[1957,19278],{},[1957,19280],{"className":19281,"style":2028},[2027],[1957,19283,4202],{"className":19284},[2032],[1957,19286],{"className":19287,"style":2028},[2027],[1957,19289,19291,19294,19334,19337,19340,19380,19383,19386,19389],{"className":19290},[2013],[1957,19292],{"className":19293,"style":2042},[2017],[1957,19295,19297,19300],{"className":19296},[2022],[1957,19298,9761],{"className":19299,"style":5028},[2022,2023],[1957,19301,19303],{"className":19302},[2185],[1957,19304,19306,19326],{"className":19305},[2189,2190],[1957,19307,19309,19323],{"className":19308},[2194],[1957,19310,19312],{"className":19311,"style":4703},[2198],[1957,19313,19314,19317],{"style":9797},[1957,19315],{"className":19316,"style":2207},[2206],[1957,19318,19320],{"className":19319},[2211,2212,2213,2214],[1957,19321,2152],{"className":19322,"style":2218},[2022,2023,2214],[1957,19324,2235],{"className":19325},[2234],[1957,19327,19329],{"className":19328},[2194],[1957,19330,19332],{"className":19331,"style":4725},[2198],[1957,19333],{},[1957,19335,2149],{"className":19336,"style":2181},[2022,2023],[1957,19338,1986],{"className":19339},[2046],[1957,19341,19343,19346],{"className":19342},[2022],[1957,19344,5048],{"className":19345,"style":2181},[2022,2023],[1957,19347,19349],{"className":19348},[2185],[1957,19350,19352,19372],{"className":19351},[2189,2190],[1957,19353,19355,19369],{"className":19354},[2194],[1957,19356,19358],{"className":19357,"style":4703},[2198],[1957,19359,19360,19363],{"style":6226},[1957,19361],{"className":19362,"style":2207},[2206],[1957,19364,19366],{"className":19365},[2211,2212,2213,2214],[1957,19367,2285],{"className":19368},[2022,2023,2214],[1957,19370,2235],{"className":19371},[2234],[1957,19373,19375],{"className":19374},[2194],[1957,19376,19378],{"className":19377,"style":4725},[2198],[1957,19379],{},[1957,19381,2000],{"className":19382},[2064],[1957,19384],{"className":19385,"style":2104},[2027],[1957,19387,2082],{"className":19388},[2108],[1957,19390],{"className":19391,"style":2104},[2027],[1957,19393,19395,19398],{"className":19394},[2013],[1957,19396],{"className":19397,"style":18769},[2017],[1957,19399,19401,19404],{"className":19400},[2022],[1957,19402,17280],{"className":19403,"style":4997},[2022,2023],[1957,19405,19407],{"className":19406},[2185],[1957,19408,19410,19430],{"className":19409},[2189,2190],[1957,19411,19413,19427],{"className":19412},[2194],[1957,19414,19416],{"className":19415,"style":4703},[2198],[1957,19417,19418,19421],{"style":17816},[1957,19419],{"className":19420,"style":2207},[2206],[1957,19422,19424],{"className":19423},[2211,2212,2213,2214],[1957,19425,2285],{"className":19426},[2022,2023,2214],[1957,19428,2235],{"className":19429},[2234],[1957,19431,19433],{"className":19432},[2194],[1957,19434,19436],{"className":19435,"style":4725},[2198],[1957,19437],{}," （IC-H）",[1808,19440,19441,19822],{},[1957,19442,19444,19510],{"className":19443},[1960],[1957,19445,19447],{"className":19446},[1964],[1966,19448,19449],{"xmlns":1968},[1970,19450,19451,19507],{},[1973,19452,19453,19459,19461,19463,19469,19471,19473,19479,19481,19487,19489,19491,19497,19499,19501],{},[4667,19454,19455,19457],{},[1976,19456,9761],{},[1976,19458,2285],{},[1976,19460,2149],{},[1980,19462,1986],{"stretchy":1985},[4667,19464,19465,19467],{},[1976,19466,5048],{},[1976,19468,2285],{},[1980,19470,2000],{"stretchy":1985},[1980,19472,2082],{},[4667,19474,19475,19477],{},[1976,19476,17280],{},[1976,19478,2285],{},[1980,19480,4202],{},[4667,19482,19483,19485],{},[1976,19484,9761],{},[1976,19486,2285],{},[1976,19488,2149],{},[1980,19490,1986],{"stretchy":1985},[4667,19492,19493,19495],{},[1976,19494,5048],{},[1976,19496,2152],{},[1980,19498,2000],{"stretchy":1985},[1980,19500,2082],{},[4667,19502,19503,19505],{},[1976,19504,17280],{},[1976,19506,2152],{},[2002,19508,19509],{"encoding":2004},"\\theta_L v(q_L) - T_L \\geq \\theta_L v(q_H) - T_H",[1957,19511,19513,19617,19672,19776],{"className":19512,"ariaHidden":1993},[2009],[1957,19514,19516,19519,19559,19562,19565,19605,19608,19611,19614],{"className":19515},[2013],[1957,19517],{"className":19518,"style":2042},[2017],[1957,19520,19522,19525],{"className":19521},[2022],[1957,19523,9761],{"className":19524,"style":5028},[2022,2023],[1957,19526,19528],{"className":19527},[2185],[1957,19529,19531,19551],{"className":19530},[2189,2190],[1957,19532,19534,19548],{"className":19533},[2194],[1957,19535,19537],{"className":19536,"style":4703},[2198],[1957,19538,19539,19542],{"style":9797},[1957,19540],{"className":19541,"style":2207},[2206],[1957,19543,19545],{"className":19544},[2211,2212,2213,2214],[1957,19546,2285],{"className":19547},[2022,2023,2214],[1957,19549,2235],{"className":19550},[2234],[1957,19552,19554],{"className":19553},[2194],[1957,19555,19557],{"className":19556,"style":4725},[2198],[1957,19558],{},[1957,19560,2149],{"className":19561,"style":2181},[2022,2023],[1957,19563,1986],{"className":19564},[2046],[1957,19566,19568,19571],{"className":19567},[2022],[1957,19569,5048],{"className":19570,"style":2181},[2022,2023],[1957,19572,19574],{"className":19573},[2185],[1957,19575,19577,19597],{"className":19576},[2189,2190],[1957,19578,19580,19594],{"className":19579},[2194],[1957,19581,19583],{"className":19582,"style":4703},[2198],[1957,19584,19585,19588],{"style":6226},[1957,19586],{"className":19587,"style":2207},[2206],[1957,19589,19591],{"className":19590},[2211,2212,2213,2214],[1957,19592,2285],{"className":19593},[2022,2023,2214],[1957,19595,2235],{"className":19596},[2234],[1957,19598,19600],{"className":19599},[2194],[1957,19601,19603],{"className":19602,"style":4725},[2198],[1957,19604],{},[1957,19606,2000],{"className":19607},[2064],[1957,19609],{"className":19610,"style":2104},[2027],[1957,19612,2082],{"className":19613},[2108],[1957,19615],{"className":19616,"style":2104},[2027],[1957,19618,19620,19623,19663,19666,19669],{"className":19619},[2013],[1957,19621],{"className":19622,"style":18769},[2017],[1957,19624,19626,19629],{"className":19625},[2022],[1957,19627,17280],{"className":19628,"style":4997},[2022,2023],[1957,19630,19632],{"className":19631},[2185],[1957,19633,19635,19655],{"className":19634},[2189,2190],[1957,19636,19638,19652],{"className":19637},[2194],[1957,19639,19641],{"className":19640,"style":4703},[2198],[1957,19642,19643,19646],{"style":17816},[1957,19644],{"className":19645,"style":2207},[2206],[1957,19647,19649],{"className":19648},[2211,2212,2213,2214],[1957,19650,2285],{"className":19651},[2022,2023,2214],[1957,19653,2235],{"className":19654},[2234],[1957,19656,19658],{"className":19657},[2194],[1957,19659,19661],{"className":19660,"style":4725},[2198],[1957,19662],{},[1957,19664],{"className":19665,"style":2028},[2027],[1957,19667,4202],{"className":19668},[2032],[1957,19670],{"className":19671,"style":2028},[2027],[1957,19673,19675,19678,19718,19721,19724,19764,19767,19770,19773],{"className":19674},[2013],[1957,19676],{"className":19677,"style":2042},[2017],[1957,19679,19681,19684],{"className":19680},[2022],[1957,19682,9761],{"className":19683,"style":5028},[2022,2023],[1957,19685,19687],{"className":19686},[2185],[1957,19688,19690,19710],{"className":19689},[2189,2190],[1957,19691,19693,19707],{"className":19692},[2194],[1957,19694,19696],{"className":19695,"style":4703},[2198],[1957,19697,19698,19701],{"style":9797},[1957,19699],{"className":19700,"style":2207},[2206],[1957,19702,19704],{"className":19703},[2211,2212,2213,2214],[1957,19705,2285],{"className":19706},[2022,2023,2214],[1957,19708,2235],{"className":19709},[2234],[1957,19711,19713],{"className":19712},[2194],[1957,19714,19716],{"className":19715,"style":4725},[2198],[1957,19717],{},[1957,19719,2149],{"className":19720,"style":2181},[2022,2023],[1957,19722,1986],{"className":19723},[2046],[1957,19725,19727,19730],{"className":19726},[2022],[1957,19728,5048],{"className":19729,"style":2181},[2022,2023],[1957,19731,19733],{"className":19732},[2185],[1957,19734,19736,19756],{"className":19735},[2189,2190],[1957,19737,19739,19753],{"className":19738},[2194],[1957,19740,19742],{"className":19741,"style":4703},[2198],[1957,19743,19744,19747],{"style":6226},[1957,19745],{"className":19746,"style":2207},[2206],[1957,19748,19750],{"className":19749},[2211,2212,2213,2214],[1957,19751,2152],{"className":19752,"style":2218},[2022,2023,2214],[1957,19754,2235],{"className":19755},[2234],[1957,19757,19759],{"className":19758},[2194],[1957,19760,19762],{"className":19761,"style":4725},[2198],[1957,19763],{},[1957,19765,2000],{"className":19766},[2064],[1957,19768],{"className":19769,"style":2104},[2027],[1957,19771,2082],{"className":19772},[2108],[1957,19774],{"className":19775,"style":2104},[2027],[1957,19777,19779,19782],{"className":19778},[2013],[1957,19780],{"className":19781,"style":18769},[2017],[1957,19783,19785,19788],{"className":19784},[2022],[1957,19786,17280],{"className":19787,"style":4997},[2022,2023],[1957,19789,19791],{"className":19790},[2185],[1957,19792,19794,19814],{"className":19793},[2189,2190],[1957,19795,19797,19811],{"className":19796},[2194],[1957,19798,19800],{"className":19799,"style":4703},[2198],[1957,19801,19802,19805],{"style":17816},[1957,19803],{"className":19804,"style":2207},[2206],[1957,19806,19808],{"className":19807},[2211,2212,2213,2214],[1957,19809,2152],{"className":19810,"style":2218},[2022,2023,2214],[1957,19812,2235],{"className":19813},[2234],[1957,19815,19817],{"className":19816},[2194],[1957,19818,19820],{"className":19819,"style":4725},[2198],[1957,19821],{}," （IC-L）",[1798,19824,19825,1944],{},[1845,19826,19827],{},"最优合同特征",[1805,19829,19830,20245],{},[1808,19831,19832,19835,19836,20052,20053],{},[1845,19833,19834],{},"高类型","：参与约束不紧（",[1957,19837,19839,19881],{"className":19838},[1960],[1957,19840,19842],{"className":19841},[1964],[1966,19843,19844],{"xmlns":1968},[1970,19845,19846,19878],{},[1973,19847,19848,19854,19856,19858,19864,19866,19868,19874,19876],{},[4667,19849,19850,19852],{},[1976,19851,9761],{},[1976,19853,2152],{},[1976,19855,2149],{},[1980,19857,1986],{"stretchy":1985},[4667,19859,19860,19862],{},[1976,19861,5048],{},[1976,19863,2152],{},[1980,19865,2000],{"stretchy":1985},[1980,19867,2082],{},[4667,19869,19870,19872],{},[1976,19871,17280],{},[1976,19873,2152],{},[1980,19875,2620],{},[1988,19877,1990],{},[2002,19879,19880],{"encoding":2004},"\\theta_H v(q_H) - T_H > 0",[1957,19882,19884,19988,20043],{"className":19883,"ariaHidden":1993},[2009],[1957,19885,19887,19890,19930,19933,19936,19976,19979,19982,19985],{"className":19886},[2013],[1957,19888],{"className":19889,"style":2042},[2017],[1957,19891,19893,19896],{"className":19892},[2022],[1957,19894,9761],{"className":19895,"style":5028},[2022,2023],[1957,19897,19899],{"className":19898},[2185],[1957,19900,19902,19922],{"className":19901},[2189,2190],[1957,19903,19905,19919],{"className":19904},[2194],[1957,19906,19908],{"className":19907,"style":4703},[2198],[1957,19909,19910,19913],{"style":9797},[1957,19911],{"className":19912,"style":2207},[2206],[1957,19914,19916],{"className":19915},[2211,2212,2213,2214],[1957,19917,2152],{"className":19918,"style":2218},[2022,2023,2214],[1957,19920,2235],{"className":19921},[2234],[1957,19923,19925],{"className":19924},[2194],[1957,19926,19928],{"className":19927,"style":4725},[2198],[1957,19929],{},[1957,19931,2149],{"className":19932,"style":2181},[2022,2023],[1957,19934,1986],{"className":19935},[2046],[1957,19937,19939,19942],{"className":19938},[2022],[1957,19940,5048],{"className":19941,"style":2181},[2022,2023],[1957,19943,19945],{"className":19944},[2185],[1957,19946,19948,19968],{"className":19947},[2189,2190],[1957,19949,19951,19965],{"className":19950},[2194],[1957,19952,19954],{"className":19953,"style":4703},[2198],[1957,19955,19956,19959],{"style":6226},[1957,19957],{"className":19958,"style":2207},[2206],[1957,19960,19962],{"className":19961},[2211,2212,2213,2214],[1957,19963,2152],{"className":19964,"style":2218},[2022,2023,2214],[1957,19966,2235],{"className":19967},[2234],[1957,19969,19971],{"className":19970},[2194],[1957,19972,19974],{"className":19973,"style":4725},[2198],[1957,19975],{},[1957,19977,2000],{"className":19978},[2064],[1957,19980],{"className":19981,"style":2104},[2027],[1957,19983,2082],{"className":19984},[2108],[1957,19986],{"className":19987,"style":2104},[2027],[1957,19989,19991,19994,20034,20037,20040],{"className":19990},[2013],[1957,19992],{"className":19993,"style":18769},[2017],[1957,19995,19997,20000],{"className":19996},[2022],[1957,19998,17280],{"className":19999,"style":4997},[2022,2023],[1957,20001,20003],{"className":20002},[2185],[1957,20004,20006,20026],{"className":20005},[2189,2190],[1957,20007,20009,20023],{"className":20008},[2194],[1957,20010,20012],{"className":20011,"style":4703},[2198],[1957,20013,20014,20017],{"style":17816},[1957,20015],{"className":20016,"style":2207},[2206],[1957,20018,20020],{"className":20019},[2211,2212,2213,2214],[1957,20021,2152],{"className":20022,"style":2218},[2022,2023,2214],[1957,20024,2235],{"className":20025},[2234],[1957,20027,20029],{"className":20028},[2194],[1957,20030,20032],{"className":20031,"style":4725},[2198],[1957,20033],{},[1957,20035],{"className":20036,"style":2028},[2027],[1957,20038,2620],{"className":20039},[2032],[1957,20041],{"className":20042,"style":2028},[2027],[1957,20044,20046,20049],{"className":20045},[2013],[1957,20047],{"className":20048,"style":2260},[2017],[1957,20050,1990],{"className":20051},[2022],"），获得信息租金",[1805,20054,20055],{},[1808,20056,20057,20058,20244],{},"效率：",[1957,20059,20061,20099],{"className":20060},[1960],[1957,20062,20064],{"className":20063},[1964],[1966,20065,20066],{"xmlns":1968},[1970,20067,20068,20096],{},[1973,20069,20070,20076,20082,20084,20090,20092,20094],{},[4667,20071,20072,20074],{},[1976,20073,9761],{},[1976,20075,2152],{},[2983,20077,20078,20080],{},[1976,20079,2149],{},[1980,20081,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,20083,1986],{"stretchy":1985},[4667,20085,20086,20088],{},[1976,20087,5048],{},[1976,20089,2152],{},[1980,20091,2000],{"stretchy":1985},[1980,20093,2158],{},[1976,20095,10469],{},[2002,20097,20098],{"encoding":2004},"\\theta_H v'(q_H) = c",[1957,20100,20102,20235],{"className":20101,"ariaHidden":1993},[2009],[1957,20103,20105,20108,20148,20180,20183,20223,20226,20229,20232],{"className":20104},[2013],[1957,20106],{"className":20107,"style":8843},[2017],[1957,20109,20111,20114],{"className":20110},[2022],[1957,20112,9761],{"className":20113,"style":5028},[2022,2023],[1957,20115,20117],{"className":20116},[2185],[1957,20118,20120,20140],{"className":20119},[2189,2190],[1957,20121,20123,20137],{"className":20122},[2194],[1957,20124,20126],{"className":20125,"style":4703},[2198],[1957,20127,20128,20131],{"style":9797},[1957,20129],{"className":20130,"style":2207},[2206],[1957,20132,20134],{"className":20133},[2211,2212,2213,2214],[1957,20135,2152],{"className":20136,"style":2218},[2022,2023,2214],[1957,20138,2235],{"className":20139},[2234],[1957,20141,20143],{"className":20142},[2194],[1957,20144,20146],{"className":20145,"style":4725},[2198],[1957,20147],{},[1957,20149,20151,20154],{"className":20150},[2022],[1957,20152,2149],{"className":20153,"style":2181},[2022,2023],[1957,20155,20157],{"className":20156},[2185],[1957,20158,20160],{"className":20159},[2189],[1957,20161,20163],{"className":20162},[2194],[1957,20164,20166],{"className":20165,"style":5265},[2198],[1957,20167,20168,20171],{"style":2221},[1957,20169],{"className":20170,"style":2207},[2206],[1957,20172,20174],{"className":20173},[2211,2212,2213,2214],[1957,20175,20177],{"className":20176},[2022,2214],[1957,20178,5227],{"className":20179},[2022,2214],[1957,20181,1986],{"className":20182},[2046],[1957,20184,20186,20189],{"className":20185},[2022],[1957,20187,5048],{"className":20188,"style":2181},[2022,2023],[1957,20190,20192],{"className":20191},[2185],[1957,20193,20195,20215],{"className":20194},[2189,2190],[1957,20196,20198,20212],{"className":20197},[2194],[1957,20199,20201],{"className":20200,"style":4703},[2198],[1957,20202,20203,20206],{"style":6226},[1957,20204],{"className":20205,"style":2207},[2206],[1957,20207,20209],{"className":20208},[2211,2212,2213,2214],[1957,20210,2152],{"className":20211,"style":2218},[2022,2023,2214],[1957,20213,2235],{"className":20214},[2234],[1957,20216,20218],{"className":20217},[2194],[1957,20219,20221],{"className":20220,"style":4725},[2198],[1957,20222],{},[1957,20224,2000],{"className":20225},[2064],[1957,20227],{"className":20228,"style":2028},[2027],[1957,20230,2158],{"className":20231},[2032],[1957,20233],{"className":20234,"style":2028},[2027],[1957,20236,20238,20241],{"className":20237},[2013],[1957,20239],{"className":20240,"style":5143},[2017],[1957,20242,10469],{"className":20243},[2022,2023],"（第一最优）",[1808,20246,20247,20250,20251,20467,20468],{},[1845,20248,20249],{},"低类型","：参与约束紧（",[1957,20252,20254,20296],{"className":20253},[1960],[1957,20255,20257],{"className":20256},[1964],[1966,20258,20259],{"xmlns":1968},[1970,20260,20261,20293],{},[1973,20262,20263,20269,20271,20273,20279,20281,20283,20289,20291],{},[4667,20264,20265,20267],{},[1976,20266,9761],{},[1976,20268,2285],{},[1976,20270,2149],{},[1980,20272,1986],{"stretchy":1985},[4667,20274,20275,20277],{},[1976,20276,5048],{},[1976,20278,2285],{},[1980,20280,2000],{"stretchy":1985},[1980,20282,2082],{},[4667,20284,20285,20287],{},[1976,20286,17280],{},[1976,20288,2285],{},[1980,20290,2158],{},[1988,20292,1990],{},[2002,20294,20295],{"encoding":2004},"\\theta_L v(q_L) - T_L = 0",[1957,20297,20299,20403,20458],{"className":20298,"ariaHidden":1993},[2009],[1957,20300,20302,20305,20345,20348,20351,20391,20394,20397,20400],{"className":20301},[2013],[1957,20303],{"className":20304,"style":2042},[2017],[1957,20306,20308,20311],{"className":20307},[2022],[1957,20309,9761],{"className":20310,"style":5028},[2022,2023],[1957,20312,20314],{"className":20313},[2185],[1957,20315,20317,20337],{"className":20316},[2189,2190],[1957,20318,20320,20334],{"className":20319},[2194],[1957,20321,20323],{"className":20322,"style":4703},[2198],[1957,20324,20325,20328],{"style":9797},[1957,20326],{"className":20327,"style":2207},[2206],[1957,20329,20331],{"className":20330},[2211,2212,2213,2214],[1957,20332,2285],{"className":20333},[2022,2023,2214],[1957,20335,2235],{"className":20336},[2234],[1957,20338,20340],{"className":20339},[2194],[1957,20341,20343],{"className":20342,"style":4725},[2198],[1957,20344],{},[1957,20346,2149],{"className":20347,"style":2181},[2022,2023],[1957,20349,1986],{"className":20350},[2046],[1957,20352,20354,20357],{"className":20353},[2022],[1957,20355,5048],{"className":20356,"style":2181},[2022,2023],[1957,20358,20360],{"className":20359},[2185],[1957,20361,20363,20383],{"className":20362},[2189,2190],[1957,20364,20366,20380],{"className":20365},[2194],[1957,20367,20369],{"className":20368,"style":4703},[2198],[1957,20370,20371,20374],{"style":6226},[1957,20372],{"className":20373,"style":2207},[2206],[1957,20375,20377],{"className":20376},[2211,2212,2213,2214],[1957,20378,2285],{"className":20379},[2022,2023,2214],[1957,20381,2235],{"className":20382},[2234],[1957,20384,20386],{"className":20385},[2194],[1957,20387,20389],{"className":20388,"style":4725},[2198],[1957,20390],{},[1957,20392,2000],{"className":20393},[2064],[1957,20395],{"className":20396,"style":2104},[2027],[1957,20398,2082],{"className":20399},[2108],[1957,20401],{"className":20402,"style":2104},[2027],[1957,20404,20406,20409,20449,20452,20455],{"className":20405},[2013],[1957,20407],{"className":20408,"style":18769},[2017],[1957,20410,20412,20415],{"className":20411},[2022],[1957,20413,17280],{"className":20414,"style":4997},[2022,2023],[1957,20416,20418],{"className":20417},[2185],[1957,20419,20421,20441],{"className":20420},[2189,2190],[1957,20422,20424,20438],{"className":20423},[2194],[1957,20425,20427],{"className":20426,"style":4703},[2198],[1957,20428,20429,20432],{"style":17816},[1957,20430],{"className":20431,"style":2207},[2206],[1957,20433,20435],{"className":20434},[2211,2212,2213,2214],[1957,20436,2285],{"className":20437},[2022,2023,2214],[1957,20439,2235],{"className":20440},[2234],[1957,20442,20444],{"className":20443},[2194],[1957,20445,20447],{"className":20446,"style":4725},[2198],[1957,20448],{},[1957,20450],{"className":20451,"style":2028},[2027],[1957,20453,2158],{"className":20454},[2032],[1957,20456],{"className":20457,"style":2028},[2027],[1957,20459,20461,20464],{"className":20460},[2013],[1957,20462],{"className":20463,"style":2260},[2017],[1957,20465,1990],{"className":20466},[2022],"），无信息租金",[1805,20469,20470],{},[1808,20471,20472,20473,20659,20660,20730],{},"扭曲：",[1957,20474,20476,20514],{"className":20475},[1960],[1957,20477,20479],{"className":20478},[1964],[1966,20480,20481],{"xmlns":1968},[1970,20482,20483,20511],{},[1973,20484,20485,20491,20497,20499,20505,20507,20509],{},[4667,20486,20487,20489],{},[1976,20488,9761],{},[1976,20490,2285],{},[2983,20492,20493,20495],{},[1976,20494,2149],{},[1980,20496,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,20498,1986],{"stretchy":1985},[4667,20500,20501,20503],{},[1976,20502,5048],{},[1976,20504,2285],{},[1980,20506,2000],{"stretchy":1985},[1980,20508,2620],{},[1976,20510,10469],{},[2002,20512,20513],{"encoding":2004},"\\theta_L v'(q_L) > c",[1957,20515,20517,20650],{"className":20516,"ariaHidden":1993},[2009],[1957,20518,20520,20523,20563,20595,20598,20638,20641,20644,20647],{"className":20519},[2013],[1957,20521],{"className":20522,"style":8843},[2017],[1957,20524,20526,20529],{"className":20525},[2022],[1957,20527,9761],{"className":20528,"style":5028},[2022,2023],[1957,20530,20532],{"className":20531},[2185],[1957,20533,20535,20555],{"className":20534},[2189,2190],[1957,20536,20538,20552],{"className":20537},[2194],[1957,20539,20541],{"className":20540,"style":4703},[2198],[1957,20542,20543,20546],{"style":9797},[1957,20544],{"className":20545,"style":2207},[2206],[1957,20547,20549],{"className":20548},[2211,2212,2213,2214],[1957,20550,2285],{"className":20551},[2022,2023,2214],[1957,20553,2235],{"className":20554},[2234],[1957,20556,20558],{"className":20557},[2194],[1957,20559,20561],{"className":20560,"style":4725},[2198],[1957,20562],{},[1957,20564,20566,20569],{"className":20565},[2022],[1957,20567,2149],{"className":20568,"style":2181},[2022,2023],[1957,20570,20572],{"className":20571},[2185],[1957,20573,20575],{"className":20574},[2189],[1957,20576,20578],{"className":20577},[2194],[1957,20579,20581],{"className":20580,"style":5265},[2198],[1957,20582,20583,20586],{"style":2221},[1957,20584],{"className":20585,"style":2207},[2206],[1957,20587,20589],{"className":20588},[2211,2212,2213,2214],[1957,20590,20592],{"className":20591},[2022,2214],[1957,20593,5227],{"className":20594},[2022,2214],[1957,20596,1986],{"className":20597},[2046],[1957,20599,20601,20604],{"className":20600},[2022],[1957,20602,5048],{"className":20603,"style":2181},[2022,2023],[1957,20605,20607],{"className":20606},[2185],[1957,20608,20610,20630],{"className":20609},[2189,2190],[1957,20611,20613,20627],{"className":20612},[2194],[1957,20614,20616],{"className":20615,"style":4703},[2198],[1957,20617,20618,20621],{"style":6226},[1957,20619],{"className":20620,"style":2207},[2206],[1957,20622,20624],{"className":20623},[2211,2212,2213,2214],[1957,20625,2285],{"className":20626},[2022,2023,2214],[1957,20628,2235],{"className":20629},[2234],[1957,20631,20633],{"className":20632},[2194],[1957,20634,20636],{"className":20635,"style":4725},[2198],[1957,20637],{},[1957,20639,2000],{"className":20640},[2064],[1957,20642],{"className":20643,"style":2028},[2027],[1957,20645,2620],{"className":20646},[2032],[1957,20648],{"className":20649,"style":2028},[2027],[1957,20651,20653,20656],{"className":20652},[2013],[1957,20654],{"className":20655,"style":5143},[2017],[1957,20657,10469],{"className":20658},[2022,2023],"（低于第一最优，",[1957,20661,20663,20681],{"className":20662},[1960],[1957,20664,20666],{"className":20665},[1964],[1966,20667,20668],{"xmlns":1968},[1970,20669,20670,20678],{},[1973,20671,20672],{},[4667,20673,20674,20676],{},[1976,20675,5048],{},[1976,20677,2285],{},[2002,20679,20680],{"encoding":2004},"q_L",[1957,20682,20684],{"className":20683,"ariaHidden":1993},[2009],[1957,20685,20687,20690],{"className":20686},[2013],[1957,20688],{"className":20689,"style":2954},[2017],[1957,20691,20693,20696],{"className":20692},[2022],[1957,20694,5048],{"className":20695,"style":2181},[2022,2023],[1957,20697,20699],{"className":20698},[2185],[1957,20700,20702,20722],{"className":20701},[2189,2190],[1957,20703,20705,20719],{"className":20704},[2194],[1957,20706,20708],{"className":20707,"style":4703},[2198],[1957,20709,20710,20713],{"style":6226},[1957,20711],{"className":20712,"style":2207},[2206],[1957,20714,20716],{"className":20715},[2211,2212,2213,2214],[1957,20717,2285],{"className":20718},[2022,2023,2214],[1957,20720,2235],{"className":20721},[2234],[1957,20723,20725],{"className":20724},[2194],[1957,20726,20728],{"className":20727,"style":4725},[2198],[1957,20729],{}," 被压低）",[1798,20732,20733,1944],{},[1845,20734,20735],{},"直觉",[1805,20737,20738,20811,20885],{},[1808,20739,20740,20741,20810],{},"企业通过降低 ",[1957,20742,20744,20761],{"className":20743},[1960],[1957,20745,20747],{"className":20746},[1964],[1966,20748,20749],{"xmlns":1968},[1970,20750,20751,20759],{},[1973,20752,20753],{},[4667,20754,20755,20757],{},[1976,20756,5048],{},[1976,20758,2285],{},[2002,20760,20680],{"encoding":2004},[1957,20762,20764],{"className":20763,"ariaHidden":1993},[2009],[1957,20765,20767,20770],{"className":20766},[2013],[1957,20768],{"className":20769,"style":2954},[2017],[1957,20771,20773,20776],{"className":20772},[2022],[1957,20774,5048],{"className":20775,"style":2181},[2022,2023],[1957,20777,20779],{"className":20778},[2185],[1957,20780,20782,20802],{"className":20781},[2189,2190],[1957,20783,20785,20799],{"className":20784},[2194],[1957,20786,20788],{"className":20787,"style":4703},[2198],[1957,20789,20790,20793],{"style":6226},[1957,20791],{"className":20792,"style":2207},[2206],[1957,20794,20796],{"className":20795},[2211,2212,2213,2214],[1957,20797,2285],{"className":20798},[2022,2023,2214],[1957,20800,2235],{"className":20801},[2234],[1957,20803,20805],{"className":20804},[2194],[1957,20806,20808],{"className":20807,"style":4725},[2198],[1957,20809],{},"（扭曲低类型的数量）来减少高类型模仿的激励",[1808,20812,20813,20814,20884],{},"这样可以对高类型收取更高的 ",[1957,20815,20817,20835],{"className":20816},[1960],[1957,20818,20820],{"className":20819},[1964],[1966,20821,20822],{"xmlns":1968},[1970,20823,20824,20832],{},[1973,20825,20826],{},[4667,20827,20828,20830],{},[1976,20829,17280],{},[1976,20831,2152],{},[2002,20833,20834],{"encoding":2004},"T_H",[1957,20836,20838],{"className":20837,"ariaHidden":1993},[2009],[1957,20839,20841,20844],{"className":20840},[2013],[1957,20842],{"className":20843,"style":18769},[2017],[1957,20845,20847,20850],{"className":20846},[2022],[1957,20848,17280],{"className":20849,"style":4997},[2022,2023],[1957,20851,20853],{"className":20852},[2185],[1957,20854,20856,20876],{"className":20855},[2189,2190],[1957,20857,20859,20873],{"className":20858},[2194],[1957,20860,20862],{"className":20861,"style":4703},[2198],[1957,20863,20864,20867],{"style":17816},[1957,20865],{"className":20866,"style":2207},[2206],[1957,20868,20870],{"className":20869},[2211,2212,2213,2214],[1957,20871,2152],{"className":20872,"style":2218},[2022,2023,2214],[1957,20874,2235],{"className":20875},[2234],[1957,20877,20879],{"className":20878},[2194],[1957,20880,20882],{"className":20881,"style":4725},[2198],[1957,20883],{},"，提取更多剩余",[1808,20886,20887,20890],{},[1845,20888,20889],{},"效率损失","：低类型的数量扭曲是筛选的成本",[1883,20892,20894],{"id":20893},"_32-保险市场的筛选","3.2 保险市场的筛选",[1798,20896,20897],{},"回到Rothschild-Stiglitz模型，保险公司可以提供不同的合同组合：",[1805,20899,20900,21130],{},[1808,20901,20902,1944,20905,21129],{},[1845,20903,20904],{},"高风险合同",[1957,20906,20908,20952],{"className":20907},[1960],[1957,20909,20911],{"className":20910},[1964],[1966,20912,20913],{"xmlns":1968},[1970,20914,20915,20949],{},[1973,20916,20917,20919,20925,20927,20933,20935,20937,20943,20945,20947],{},[1980,20918,1986],{"stretchy":1985},[4667,20920,20921,20923],{},[1976,20922,5048],{},[1976,20924,2152],{},[1980,20926,2158],{},[4667,20928,20929,20931],{},[1976,20930,1798],{},[1976,20932,2152],{},[1976,20934,5013],{},[1980,20936,1994],{"separator":1993},[4667,20938,20939,20941],{},[1976,20940,5053],{},[1976,20942,2152],{},[1980,20944,2158],{},[1976,20946,5013],{},[1980,20948,2000],{"stretchy":1985},[2002,20950,20951],{"encoding":2004},"(q_H = p_H D, \\alpha_H = D)",[1957,20953,20955,21013,21117],{"className":20954,"ariaHidden":1993},[2009],[1957,20956,20958,20961,20964,21004,21007,21010],{"className":20957},[2013],[1957,20959],{"className":20960,"style":2042},[2017],[1957,20962,1986],{"className":20963},[2046],[1957,20965,20967,20970],{"className":20966},[2022],[1957,20968,5048],{"className":20969,"style":2181},[2022,2023],[1957,20971,20973],{"className":20972},[2185],[1957,20974,20976,20996],{"className":20975},[2189,2190],[1957,20977,20979,20993],{"className":20978},[2194],[1957,20980,20982],{"className":20981,"style":4703},[2198],[1957,20983,20984,20987],{"style":6226},[1957,20985],{"className":20986,"style":2207},[2206],[1957,20988,20990],{"className":20989},[2211,2212,2213,2214],[1957,20991,2152],{"className":20992,"style":2218},[2022,2023,2214],[1957,20994,2235],{"className":20995},[2234],[1957,20997,20999],{"className":20998},[2194],[1957,21000,21002],{"className":21001,"style":4725},[2198],[1957,21003],{},[1957,21005],{"className":21006,"style":2028},[2027],[1957,21008,2158],{"className":21009},[2032],[1957,21011],{"className":21012,"style":2028},[2027],[1957,21014,21016,21019,21059,21062,21065,21068,21108,21111,21114],{"className":21015},[2013],[1957,21017],{"className":21018,"style":9124},[2017],[1957,21020,21022,21025],{"className":21021},[2022],[1957,21023,1798],{"className":21024},[2022,2023],[1957,21026,21028],{"className":21027},[2185],[1957,21029,21031,21051],{"className":21030},[2189,2190],[1957,21032,21034,21048],{"className":21033},[2194],[1957,21035,21037],{"className":21036,"style":4703},[2198],[1957,21038,21039,21042],{"style":4706},[1957,21040],{"className":21041,"style":2207},[2206],[1957,21043,21045],{"className":21044},[2211,2212,2213,2214],[1957,21046,2152],{"className":21047,"style":2218},[2022,2023,2214],[1957,21049,2235],{"className":21050},[2234],[1957,21052,21054],{"className":21053},[2194],[1957,21055,21057],{"className":21056,"style":4725},[2198],[1957,21058],{},[1957,21060,5013],{"className":21061,"style":5028},[2022,2023],[1957,21063,1994],{"className":21064},[2053],[1957,21066],{"className":21067,"style":2057},[2027],[1957,21069,21071,21074],{"className":21070},[2022],[1957,21072,5053],{"className":21073,"style":5083},[2022,2023],[1957,21075,21077],{"className":21076},[2185],[1957,21078,21080,21100],{"className":21079},[2189,2190],[1957,21081,21083,21097],{"className":21082},[2194],[1957,21084,21086],{"className":21085,"style":4703},[2198],[1957,21087,21088,21091],{"style":6338},[1957,21089],{"className":21090,"style":2207},[2206],[1957,21092,21094],{"className":21093},[2211,2212,2213,2214],[1957,21095,2152],{"className":21096,"style":2218},[2022,2023,2214],[1957,21098,2235],{"className":21099},[2234],[1957,21101,21103],{"className":21102},[2194],[1957,21104,21106],{"className":21105,"style":4725},[2198],[1957,21107],{},[1957,21109],{"className":21110,"style":2028},[2027],[1957,21112,2158],{"className":21113},[2032],[1957,21115],{"className":21116,"style":2028},[2027],[1957,21118,21120,21123,21126],{"className":21119},[2013],[1957,21121],{"className":21122,"style":2042},[2017],[1957,21124,5013],{"className":21125,"style":5028},[2022,2023],[1957,21127,2000],{"className":21128},[2064],"（全额保险）",[1808,21131,21132,1944,21135,21400],{},[1845,21133,21134],{},"低风险合同",[1957,21136,21138,21186],{"className":21137},[1960],[1957,21139,21141],{"className":21140},[1964],[1966,21142,21143],{"xmlns":1968},[1970,21144,21145,21183],{},[1973,21146,21147,21149,21155,21157,21163,21169,21171,21177,21179,21181],{},[1980,21148,1986],{"stretchy":1985},[4667,21150,21151,21153],{},[1976,21152,5048],{},[1976,21154,2285],{},[1980,21156,2158],{},[4667,21158,21159,21161],{},[1976,21160,1798],{},[1976,21162,2285],{},[4667,21164,21165,21167],{},[1976,21166,5053],{},[1976,21168,2285],{},[1980,21170,1994],{"separator":1993},[4667,21172,21173,21175],{},[1976,21174,5053],{},[1976,21176,2285],{},[1980,21178,3402],{},[1976,21180,5013],{},[1980,21182,2000],{"stretchy":1985},[2002,21184,21185],{"encoding":2004},"(q_L = p_L \\alpha_L, \\alpha_L \u003C D)",[1957,21187,21189,21247,21388],{"className":21188,"ariaHidden":1993},[2009],[1957,21190,21192,21195,21198,21238,21241,21244],{"className":21191},[2013],[1957,21193],{"className":21194,"style":2042},[2017],[1957,21196,1986],{"className":21197},[2046],[1957,21199,21201,21204],{"className":21200},[2022],[1957,21202,5048],{"className":21203,"style":2181},[2022,2023],[1957,21205,21207],{"className":21206},[2185],[1957,21208,21210,21230],{"className":21209},[2189,2190],[1957,21211,21213,21227],{"className":21212},[2194],[1957,21214,21216],{"className":21215,"style":4703},[2198],[1957,21217,21218,21221],{"style":6226},[1957,21219],{"className":21220,"style":2207},[2206],[1957,21222,21224],{"className":21223},[2211,2212,2213,2214],[1957,21225,2285],{"className":21226},[2022,2023,2214],[1957,21228,2235],{"className":21229},[2234],[1957,21231,21233],{"className":21232},[2194],[1957,21234,21236],{"className":21235,"style":4725},[2198],[1957,21237],{},[1957,21239],{"className":21240,"style":2028},[2027],[1957,21242,2158],{"className":21243},[2032],[1957,21245],{"className":21246,"style":2028},[2027],[1957,21248,21250,21253,21293,21333,21336,21339,21379,21382,21385],{"className":21249},[2013],[1957,21251],{"className":21252,"style":4866},[2017],[1957,21254,21256,21259],{"className":21255},[2022],[1957,21257,1798],{"className":21258},[2022,2023],[1957,21260,21262],{"className":21261},[2185],[1957,21263,21265,21285],{"className":21264},[2189,2190],[1957,21266,21268,21282],{"className":21267},[2194],[1957,21269,21271],{"className":21270,"style":4703},[2198],[1957,21272,21273,21276],{"style":4706},[1957,21274],{"className":21275,"style":2207},[2206],[1957,21277,21279],{"className":21278},[2211,2212,2213,2214],[1957,21280,2285],{"className":21281},[2022,2023,2214],[1957,21283,2235],{"className":21284},[2234],[1957,21286,21288],{"className":21287},[2194],[1957,21289,21291],{"className":21290,"style":4725},[2198],[1957,21292],{},[1957,21294,21296,21299],{"className":21295},[2022],[1957,21297,5053],{"className":21298,"style":5083},[2022,2023],[1957,21300,21302],{"className":21301},[2185],[1957,21303,21305,21325],{"className":21304},[2189,2190],[1957,21306,21308,21322],{"className":21307},[2194],[1957,21309,21311],{"className":21310,"style":4703},[2198],[1957,21312,21313,21316],{"style":6338},[1957,21314],{"className":21315,"style":2207},[2206],[1957,21317,21319],{"className":21318},[2211,2212,2213,2214],[1957,21320,2285],{"className":21321},[2022,2023,2214],[1957,21323,2235],{"className":21324},[2234],[1957,21326,21328],{"className":21327},[2194],[1957,21329,21331],{"className":21330,"style":4725},[2198],[1957,21332],{},[1957,21334,1994],{"className":21335},[2053],[1957,21337],{"className":21338,"style":2057},[2027],[1957,21340,21342,21345],{"className":21341},[2022],[1957,21343,5053],{"className":21344,"style":5083},[2022,2023],[1957,21346,21348],{"className":21347},[2185],[1957,21349,21351,21371],{"className":21350},[2189,2190],[1957,21352,21354,21368],{"className":21353},[2194],[1957,21355,21357],{"className":21356,"style":4703},[2198],[1957,21358,21359,21362],{"style":6338},[1957,21360],{"className":21361,"style":2207},[2206],[1957,21363,21365],{"className":21364},[2211,2212,2213,2214],[1957,21366,2285],{"className":21367},[2022,2023,2214],[1957,21369,2235],{"className":21370},[2234],[1957,21372,21374],{"className":21373},[2194],[1957,21375,21377],{"className":21376,"style":4725},[2198],[1957,21378],{},[1957,21380],{"className":21381,"style":2028},[2027],[1957,21383,3402],{"className":21384},[2032],[1957,21386],{"className":21387,"style":2028},[2027],[1957,21389,21391,21394,21397],{"className":21390},[2013],[1957,21392],{"className":21393,"style":2042},[2017],[1957,21395,5013],{"className":21396,"style":5028},[2022,2023],[1957,21398,2000],{"className":21399},[2064],"（部分保险）",[1798,21402,21403],{},"通过设计合同使得：",[1805,21405,21406,21409],{},[1808,21407,21408],{},"高风险客户选择全额保险（因为他们更需要保险）",[1808,21410,21411],{},"低风险客户选择部分保险（接受一定风险以换取更低保费）",[1794,21413,21415],{"id":21414},"四道德风险与委托-代理模型-moral-hazard-and-principal-agent-model","四、道德风险与委托-代理模型 (Moral Hazard and Principal-Agent Model)",[1883,21417,21419],{"id":21418},"_41-基本框架","4.1 基本框架",[1798,21421,21422,1894,21424,21426],{},[1845,21423,9647],{},[1845,21425,1918],{},"，代理人的行动不可观测，会影响最终结果。",[1798,21428,21429,1944],{},[1845,21430,21431],{},"经典例子",[1805,21433,21434,21440,21446],{},[1808,21435,21436,21439],{},[1845,21437,21438],{},"保险","：投保后驾驶更不小心",[1808,21441,21442,21445],{},[1845,21443,21444],{},"雇佣关系","：雇主无法观测员工的努力水平",[1808,21447,21448,21451],{},[1845,21449,21450],{},"企业融资","：借款后企业选择更冒险的项目",[1798,21453,21454,1944],{},[1845,21455,21456],{},"标准委托-代理模型",[1798,21458,21459,1944],{},[1845,21460,21461],{},"参与者",[1805,21463,21464,21470],{},[1808,21465,21466,21469],{},[1845,21467,21468],{},"委托人 (Principal)","：雇主、股东、保险公司",[1808,21471,21472,21475],{},[1845,21473,21474],{},"代理人 (Agent)","：员工、经理、投保人",[1798,21477,21478,1944],{},[1845,21479,21480],{},"时序",[1887,21482,21483,21561,21564,21596,21709],{},[1808,21484,21485,21486,21531,21532,3977],{},"委托人提供合同 ",[1957,21487,21489,21510],{"className":21488},[1960],[1957,21490,21492],{"className":21491},[1964],[1966,21493,21494],{"xmlns":1968},[1970,21495,21496,21507],{},[1973,21497,21498,21500,21502,21505],{},[1976,21499,11006],{},[1980,21501,1986],{"stretchy":1985},[1976,21503,21504],{},"π",[1980,21506,2000],{"stretchy":1985},[2002,21508,21509],{"encoding":2004},"w(\\pi)",[1957,21511,21513],{"className":21512,"ariaHidden":1993},[2009],[1957,21514,21516,21519,21522,21525,21528],{"className":21515},[2013],[1957,21517],{"className":21518,"style":2042},[2017],[1957,21520,11006],{"className":21521,"style":11119},[2022,2023],[1957,21523,1986],{"className":21524},[2046],[1957,21526,21504],{"className":21527,"style":2181},[2022,2023],[1957,21529,2000],{"className":21530},[2064],"（工资依赖于产出 ",[1957,21533,21535,21549],{"className":21534},[1960],[1957,21536,21538],{"className":21537},[1964],[1966,21539,21540],{"xmlns":1968},[1970,21541,21542,21546],{},[1973,21543,21544],{},[1976,21545,21504],{},[2002,21547,21548],{"encoding":2004},"\\pi",[1957,21550,21552],{"className":21551,"ariaHidden":1993},[2009],[1957,21553,21555,21558],{"className":21554},[2013],[1957,21556],{"className":21557,"style":5143},[2017],[1957,21559,21504],{"className":21560,"style":2181},[2022,2023],[1808,21562,21563],{},"代理人选择是否接受合同",[1808,21565,21566,21567,21595],{},"代理人选择努力水平 ",[1957,21568,21570,21583],{"className":21569},[1960],[1957,21571,21573],{"className":21572},[1964],[1966,21574,21575],{"xmlns":1968},[1970,21576,21577,21581],{},[1973,21578,21579],{},[1976,21580,10400],{},[2002,21582,10400],{"encoding":2004},[1957,21584,21586],{"className":21585,"ariaHidden":1993},[2009],[1957,21587,21589,21592],{"className":21588},[2013],[1957,21590],{"className":21591,"style":5143},[2017],[1957,21593,10400],{"className":21594},[2022,2023],"（不可观测）",[1808,21597,21598,21599,7877,21679,21708],{},"产出实现 ",[1957,21600,21602,21631],{"className":21601},[1960],[1957,21603,21605],{"className":21604},[1964],[1966,21606,21607],{"xmlns":1968},[1970,21608,21609,21628],{},[1973,21610,21611,21613,21615,21617,21619,21621,21623,21626],{},[1976,21612,21504],{},[1980,21614,2158],{},[1976,21616,21504],{},[1980,21618,1986],{"stretchy":1985},[1976,21620,10400],{},[1980,21622,1994],{"separator":1993},[1976,21624,21625],{},"ϵ",[1980,21627,2000],{"stretchy":1985},[2002,21629,21630],{"encoding":2004},"\\pi = \\pi(e, \\epsilon)",[1957,21632,21634,21652],{"className":21633,"ariaHidden":1993},[2009],[1957,21635,21637,21640,21643,21646,21649],{"className":21636},[2013],[1957,21638],{"className":21639,"style":5143},[2017],[1957,21641,21504],{"className":21642,"style":2181},[2022,2023],[1957,21644],{"className":21645,"style":2028},[2027],[1957,21647,2158],{"className":21648},[2032],[1957,21650],{"className":21651,"style":2028},[2027],[1957,21653,21655,21658,21661,21664,21667,21670,21673,21676],{"className":21654},[2013],[1957,21656],{"className":21657,"style":2042},[2017],[1957,21659,21504],{"className":21660,"style":2181},[2022,2023],[1957,21662,1986],{"className":21663},[2046],[1957,21665,10400],{"className":21666},[2022,2023],[1957,21668,1994],{"className":21669},[2053],[1957,21671],{"className":21672,"style":2057},[2027],[1957,21674,21625],{"className":21675},[2022,2023],[1957,21677,2000],{"className":21678},[2064],[1957,21680,21682,21696],{"className":21681},[1960],[1957,21683,21685],{"className":21684},[1964],[1966,21686,21687],{"xmlns":1968},[1970,21688,21689,21693],{},[1973,21690,21691],{},[1976,21692,21625],{},[2002,21694,21695],{"encoding":2004},"\\epsilon",[1957,21697,21699],{"className":21698,"ariaHidden":1993},[2009],[1957,21700,21702,21705],{"className":21701},[2013],[1957,21703],{"className":21704,"style":5143},[2017],[1957,21706,21625],{"className":21707},[2022,2023]," 为随机冲击）",[1808,21710,21711,21712],{},"支付工资 ",[1957,21713,21715,21734],{"className":21714},[1960],[1957,21716,21718],{"className":21717},[1964],[1966,21719,21720],{"xmlns":1968},[1970,21721,21722,21732],{},[1973,21723,21724,21726,21728,21730],{},[1976,21725,11006],{},[1980,21727,1986],{"stretchy":1985},[1976,21729,21504],{},[1980,21731,2000],{"stretchy":1985},[2002,21733,21509],{"encoding":2004},[1957,21735,21737],{"className":21736,"ariaHidden":1993},[2009],[1957,21738,21740,21743,21746,21749,21752],{"className":21739},[2013],[1957,21741],{"className":21742,"style":2042},[2017],[1957,21744,11006],{"className":21745,"style":11119},[2022,2023],[1957,21747,1986],{"className":21748},[2046],[1957,21750,21504],{"className":21751,"style":2181},[2022,2023],[1957,21753,2000],{"className":21754},[2064],[1798,21756,21757,1944],{},[1845,21758,21759],{},"代理人效用",[1957,21761,21763],{"className":21762},[2962],[1957,21764,21766,21810],{"className":21765},[1960],[1957,21767,21769],{"className":21768},[1964],[1966,21770,21771],{"xmlns":1968,"display":2971},[1970,21772,21773,21807],{},[1973,21774,21775,21777,21779,21781,21783,21785,21787,21789,21791,21793,21795,21797,21799,21801,21803,21805],{},[1976,21776,5321],{},[1980,21778,1986],{"stretchy":1985},[1976,21780,11006],{},[1980,21782,1994],{"separator":1993},[1976,21784,10400],{},[1980,21786,2000],{"stretchy":1985},[1980,21788,2158],{},[1976,21790,5221],{},[1980,21792,1986],{"stretchy":1985},[1976,21794,11006],{},[1980,21796,2000],{"stretchy":1985},[1980,21798,2082],{},[1976,21800,10469],{},[1980,21802,1986],{"stretchy":1985},[1976,21804,10400],{},[1980,21806,2000],{"stretchy":1985},[2002,21808,21809],{"encoding":2004},"U(w, e) = u(w) - c(e)",[1957,21811,21813,21849,21876],{"className":21812,"ariaHidden":1993},[2009],[1957,21814,21816,21819,21822,21825,21828,21831,21834,21837,21840,21843,21846],{"className":21815},[2013],[1957,21817],{"className":21818,"style":2042},[2017],[1957,21820,5321],{"className":21821,"style":5412},[2022,2023],[1957,21823,1986],{"className":21824},[2046],[1957,21826,11006],{"className":21827,"style":11119},[2022,2023],[1957,21829,1994],{"className":21830},[2053],[1957,21832],{"className":21833,"style":2057},[2027],[1957,21835,10400],{"className":21836},[2022,2023],[1957,21838,2000],{"className":21839},[2064],[1957,21841],{"className":21842,"style":2028},[2027],[1957,21844,2158],{"className":21845},[2032],[1957,21847],{"className":21848,"style":2028},[2027],[1957,21850,21852,21855,21858,21861,21864,21867,21870,21873],{"className":21851},[2013],[1957,21853],{"className":21854,"style":2042},[2017],[1957,21856,5221],{"className":21857},[2022,2023],[1957,21859,1986],{"className":21860},[2046],[1957,21862,11006],{"className":21863,"style":11119},[2022,2023],[1957,21865,2000],{"className":21866},[2064],[1957,21868],{"className":21869,"style":2104},[2027],[1957,21871,2082],{"className":21872},[2108],[1957,21874],{"className":21875,"style":2104},[2027],[1957,21877,21879,21882,21885,21888,21891],{"className":21878},[2013],[1957,21880],{"className":21881,"style":2042},[2017],[1957,21883,10469],{"className":21884},[2022,2023],[1957,21886,1986],{"className":21887},[2046],[1957,21889,10400],{"className":21890},[2022,2023],[1957,21892,2000],{"className":21893},[2064],[1805,21895,21896,22100,22304],{},[1808,21897,21898,21942,21943,22099],{},[1957,21899,21901,21921],{"className":21900},[1960],[1957,21902,21904],{"className":21903},[1964],[1966,21905,21906],{"xmlns":1968},[1970,21907,21908,21918],{},[1973,21909,21910,21912,21914,21916],{},[1976,21911,5221],{},[1980,21913,1986],{"stretchy":1985},[1976,21915,11006],{},[1980,21917,2000],{"stretchy":1985},[2002,21919,21920],{"encoding":2004},"u(w)",[1957,21922,21924],{"className":21923,"ariaHidden":1993},[2009],[1957,21925,21927,21930,21933,21936,21939],{"className":21926},[2013],[1957,21928],{"className":21929,"style":2042},[2017],[1957,21931,5221],{"className":21932},[2022,2023],[1957,21934,1986],{"className":21935},[2046],[1957,21937,11006],{"className":21938,"style":11119},[2022,2023],[1957,21940,2000],{"className":21941},[2064],"：货币效用，",[1957,21944,21946,21984],{"className":21945},[1960],[1957,21947,21949],{"className":21948},[1964],[1966,21950,21951],{"xmlns":1968},[1970,21952,21953,21981],{},[1973,21954,21955,21961,21963,21965,21967,21977,21979],{},[2983,21956,21957,21959],{},[1976,21958,5221],{},[1980,21960,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,21962,2620],{},[1988,21964,1990],{},[1980,21966,1994],{"separator":1993},[2983,21968,21969,21971],{},[1976,21970,5221],{},[1973,21972,21973,21975],{},[1980,21974,5227],{"mathvariant":5226},[1980,21976,5227],{"mathvariant":5226},[1980,21978,3402],{},[1988,21980,1990],{},[2002,21982,21983],{"encoding":2004},"u' > 0, u'' \u003C 0",[1957,21985,21987,22034,22090],{"className":21986,"ariaHidden":1993},[2009],[1957,21988,21990,21993,22025,22028,22031],{"className":21989},[2013],[1957,21991],{"className":21992,"style":5246},[2017],[1957,21994,21996,21999],{"className":21995},[2022],[1957,21997,5221],{"className":21998},[2022,2023],[1957,22000,22002],{"className":22001},[2185],[1957,22003,22005],{"className":22004},[2189],[1957,22006,22008],{"className":22007},[2194],[1957,22009,22011],{"className":22010,"style":5265},[2198],[1957,22012,22013,22016],{"style":2221},[1957,22014],{"className":22015,"style":2207},[2206],[1957,22017,22019],{"className":22018},[2211,2212,2213,2214],[1957,22020,22022],{"className":22021},[2022,2214],[1957,22023,5227],{"className":22024},[2022,2214],[1957,22026],{"className":22027,"style":2028},[2027],[1957,22029,2620],{"className":22030},[2032],[1957,22032],{"className":22033,"style":2028},[2027],[1957,22035,22037,22040,22043,22046,22049,22081,22084,22087],{"className":22036},[2013],[1957,22038],{"className":22039,"style":17612},[2017],[1957,22041,1990],{"className":22042},[2022],[1957,22044,1994],{"className":22045},[2053],[1957,22047],{"className":22048,"style":2057},[2027],[1957,22050,22052,22055],{"className":22051},[2022],[1957,22053,5221],{"className":22054},[2022,2023],[1957,22056,22058],{"className":22057},[2185],[1957,22059,22061],{"className":22060},[2189],[1957,22062,22064],{"className":22063},[2194],[1957,22065,22067],{"className":22066,"style":5265},[2198],[1957,22068,22069,22072],{"style":2221},[1957,22070],{"className":22071,"style":2207},[2206],[1957,22073,22075],{"className":22074},[2211,2212,2213,2214],[1957,22076,22078],{"className":22077},[2022,2214],[1957,22079,5280],{"className":22080},[2022,2214],[1957,22082],{"className":22083,"style":2028},[2027],[1957,22085,3402],{"className":22086},[2032],[1957,22088],{"className":22089,"style":2028},[2027],[1957,22091,22093,22096],{"className":22092},[2013],[1957,22094],{"className":22095,"style":2260},[2017],[1957,22097,1990],{"className":22098},[2022],"（风险规避）",[1808,22101,22102,22146,22147,22303],{},[1957,22103,22105,22125],{"className":22104},[1960],[1957,22106,22108],{"className":22107},[1964],[1966,22109,22110],{"xmlns":1968},[1970,22111,22112,22122],{},[1973,22113,22114,22116,22118,22120],{},[1976,22115,10469],{},[1980,22117,1986],{"stretchy":1985},[1976,22119,10400],{},[1980,22121,2000],{"stretchy":1985},[2002,22123,22124],{"encoding":2004},"c(e)",[1957,22126,22128],{"className":22127,"ariaHidden":1993},[2009],[1957,22129,22131,22134,22137,22140,22143],{"className":22130},[2013],[1957,22132],{"className":22133,"style":2042},[2017],[1957,22135,10469],{"className":22136},[2022,2023],[1957,22138,1986],{"className":22139},[2046],[1957,22141,10400],{"className":22142},[2022,2023],[1957,22144,2000],{"className":22145},[2064],"：努力成本，",[1957,22148,22150,22188],{"className":22149},[1960],[1957,22151,22153],{"className":22152},[1964],[1966,22154,22155],{"xmlns":1968},[1970,22156,22157,22185],{},[1973,22158,22159,22165,22167,22169,22171,22181,22183],{},[2983,22160,22161,22163],{},[1976,22162,10469],{},[1980,22164,5227],{"mathvariant":5226,"lspace":6687,"rspace":6687},[1980,22166,2620],{},[1988,22168,1990],{},[1980,22170,1994],{"separator":1993},[2983,22172,22173,22175],{},[1976,22174,10469],{},[1973,22176,22177,22179],{},[1980,22178,5227],{"mathvariant":5226},[1980,22180,5227],{"mathvariant":5226},[1980,22182,2620],{},[1988,22184,1990],{},[2002,22186,22187],{"encoding":2004},"c' > 0, c'' > 0",[1957,22189,22191,22238,22294],{"className":22190,"ariaHidden":1993},[2009],[1957,22192,22194,22197,22229,22232,22235],{"className":22193},[2013],[1957,22195],{"className":22196,"style":5246},[2017],[1957,22198,22200,22203],{"className":22199},[2022],[1957,22201,10469],{"className":22202},[2022,2023],[1957,22204,22206],{"className":22205},[2185],[1957,22207,22209],{"className":22208},[2189],[1957,22210,22212],{"className":22211},[2194],[1957,22213,22215],{"className":22214,"style":5265},[2198],[1957,22216,22217,22220],{"style":2221},[1957,22218],{"className":22219,"style":2207},[2206],[1957,22221,22223],{"className":22222},[2211,2212,2213,2214],[1957,22224,22226],{"className":22225},[2022,2214],[1957,22227,5227],{"className":22228},[2022,2214],[1957,22230],{"className":22231,"style":2028},[2027],[1957,22233,2620],{"className":22234},[2032],[1957,22236],{"className":22237,"style":2028},[2027],[1957,22239,22241,22244,22247,22250,22253,22285,22288,22291],{"className":22240},[2013],[1957,22242],{"className":22243,"style":17612},[2017],[1957,22245,1990],{"className":22246},[2022],[1957,22248,1994],{"className":22249},[2053],[1957,22251],{"className":22252,"style":2057},[2027],[1957,22254,22256,22259],{"className":22255},[2022],[1957,22257,10469],{"className":22258},[2022,2023],[1957,22260,22262],{"className":22261},[2185],[1957,22263,22265],{"className":22264},[2189],[1957,22266,22268],{"className":22267},[2194],[1957,22269,22271],{"className":22270,"style":5265},[2198],[1957,22272,22273,22276],{"style":2221},[1957,22274],{"className":22275,"style":2207},[2206],[1957,22277,22279],{"className":22278},[2211,2212,2213,2214],[1957,22280,22282],{"className":22281},[2022,2214],[1957,22283,5280],{"className":22284},[2022,2214],[1957,22286],{"className":22287,"style":2028},[2027],[1957,22289,2620],{"className":22290},[2032],[1957,22292],{"className":22293,"style":2028},[2027],[1957,22295,22297,22300],{"className":22296},[2013],[1957,22298],{"className":22299,"style":2260},[2017],[1957,22301,1990],{"className":22302},[2022],"（边际成本递增）",[1808,22305,22306,22307],{},"保留效用：",[1957,22308,22310,22328],{"className":22309},[1960],[1957,22311,22313],{"className":22312},[1964],[1966,22314,22315],{"xmlns":1968},[1970,22316,22317,22325],{},[1973,22318,22319],{},[6659,22320,22321,22323],{"accent":1993},[1976,22322,5321],{},[1980,22324,6665],{},[2002,22326,22327],{"encoding":2004},"\\bar{U}",[1957,22329,22331],{"className":22330,"ariaHidden":1993},[2009],[1957,22332,22334,22337],{"className":22333},[2013],[1957,22335],{"className":22336,"style":6956},[2017],[1957,22338,22340],{"className":22339},[2022,6946],[1957,22341,22343],{"className":22342},[2189],[1957,22344,22346],{"className":22345},[2194],[1957,22347,22349,22357],{"className":22348,"style":6956},[2198],[1957,22350,22351,22354],{"style":18287},[1957,22352],{"className":22353,"style":3653},[2206],[1957,22355,5321],{"className":22356,"style":5412},[2022,2023],[1957,22358,22360,22363],{"style":22359},"top:-3.2523em;",[1957,22361],{"className":22362,"style":3653},[2206],[1957,22364,22366],{"className":22365,"style":6976},[6975],[1957,22367,6665],{"className":22368},[2022],[1798,22370,22371,1944],{},[1845,22372,22373],{},"委托人效用",[1957,22375,22377],{"className":22376},[2962],[1957,22378,22380,22419],{"className":22379},[1960],[1957,22381,22383],{"className":22382},[1964],[1966,22384,22385],{"xmlns":1968,"display":2971},[1970,22386,22387,22416],{},[1973,22388,22389,22392,22394,22396,22398,22400,22402,22404,22406,22408,22410,22412,22414],{},[1976,22390,22391],{},"V",[1980,22393,1986],{"stretchy":1985},[1976,22395,21504],{},[1980,22397,1994],{"separator":1993},[1976,22399,11006],{},[1980,22401,2000],{"stretchy":1985},[1980,22403,2158],{},[1976,22405,21504],{},[1980,22407,2082],{},[1976,22409,11006],{},[1980,22411,1986],{"stretchy":1985},[1976,22413,21504],{},[1980,22415,2000],{"stretchy":1985},[2002,22417,22418],{"encoding":2004},"V(\\pi, w) = \\pi - w(\\pi)",[1957,22420,22422,22458,22476],{"className":22421,"ariaHidden":1993},[2009],[1957,22423,22425,22428,22431,22434,22437,22440,22443,22446,22449,22452,22455],{"className":22424},[2013],[1957,22426],{"className":22427,"style":2042},[2017],[1957,22429,22391],{"className":22430,"style":2104},[2022,2023],[1957,22432,1986],{"className":22433},[2046],[1957,22435,21504],{"className":22436,"style":2181},[2022,2023],[1957,22438,1994],{"className":22439},[2053],[1957,22441],{"className":22442,"style":2057},[2027],[1957,22444,11006],{"className":22445,"style":11119},[2022,2023],[1957,22447,2000],{"className":22448},[2064],[1957,22450],{"className":22451,"style":2028},[2027],[1957,22453,2158],{"className":22454},[2032],[1957,22456],{"className":22457,"style":2028},[2027],[1957,22459,22461,22464,22467,22470,22473],{"className":22460},[2013],[1957,22462],{"className":22463,"style":5580},[2017],[1957,22465,21504],{"className":22466,"style":2181},[2022,2023],[1957,22468],{"className":22469,"style":2104},[2027],[1957,22471,2082],{"className":22472},[2108],[1957,22474],{"className":22475,"style":2104},[2027],[1957,22477,22479,22482,22485,22488,22491],{"className":22478},[2013],[1957,22480],{"className":22481,"style":2042},[2017],[1957,22483,11006],{"className":22484,"style":11119},[2022,2023],[1957,22486,1986],{"className":22487},[2046],[1957,22489,21504],{"className":22490,"style":2181},[2022,2023],[1957,22492,2000],{"className":22493},[2064],[1805,22495,22496],{},[1808,22497,22498],{},"假设委托人风险中性",[1883,22500,22502],{"id":22501},"_42-完全信息基准-first-best","4.2 完全信息基准 (First-Best)",[1798,22504,22505,22506,22601,22602,1944],{},"如果努力可观测，委托人直接要求 ",[1957,22507,22509,22537],{"className":22508},[1960],[1957,22510,22512],{"className":22511},[1964],[1966,22513,22514],{"xmlns":1968},[1970,22515,22516,22534],{},[1973,22517,22518,22520,22522],{},[1976,22519,10400],{},[1980,22521,2158],{},[2983,22523,22524,22526],{},[1976,22525,10400],{},[1973,22527,22528,22531],{},[1976,22529,22530],{},"F",[1976,22532,22533],{},"B",[2002,22535,22536],{"encoding":2004},"e = e^{FB}",[1957,22538,22540,22558],{"className":22539,"ariaHidden":1993},[2009],[1957,22541,22543,22546,22549,22552,22555],{"className":22542},[2013],[1957,22544],{"className":22545,"style":5143},[2017],[1957,22547,10400],{"className":22548},[2022,2023],[1957,22550],{"className":22551,"style":2028},[2027],[1957,22553,2158],{"className":22554},[2032],[1957,22556],{"className":22557,"style":2028},[2027],[1957,22559,22561,22565],{"className":22560},[2013],[1957,22562],{"className":22563,"style":22564},[2017],"height:0.8413em;",[1957,22566,22568,22571],{"className":22567},[2022],[1957,22569,10400],{"className":22570},[2022,2023],[1957,22572,22574],{"className":22573},[2185],[1957,22575,22577],{"className":22576},[2189],[1957,22578,22580],{"className":22579},[2194],[1957,22581,22583],{"className":22582,"style":22564},[2198],[1957,22584,22585,22588],{"style":2221},[1957,22586],{"className":22587,"style":2207},[2206],[1957,22589,22591],{"className":22590},[2211,2212,2213,2214],[1957,22592,22594,22597],{"className":22593},[2022,2214],[1957,22595,22530],{"className":22596,"style":4997},[2022,2023,2214],[1957,22598,22533],{"className":22599,"style":22600},[2022,2023,2214],"margin-right:0.0502em;"," 并支付固定工资 ",[1957,22603,22605,22627],{"className":22604},[1960],[1957,22606,22608],{"className":22607},[1964],[1966,22609,22610],{"xmlns":1968},[1970,22611,22612,22624],{},[1973,22613,22614],{},[2983,22615,22616,22618],{},[1976,22617,11006],{},[1973,22619,22620,22622],{},[1976,22621,22530],{},[1976,22623,22533],{},[2002,22625,22626],{"encoding":2004},"w^{FB}",[1957,22628,22630],{"className":22629,"ariaHidden":1993},[2009],[1957,22631,22633,22636],{"className":22632},[2013],[1957,22634],{"className":22635,"style":22564},[2017],[1957,22637,22639,22642],{"className":22638},[2022],[1957,22640,11006],{"className":22641,"style":11119},[2022,2023],[1957,22643,22645],{"className":22644},[2185],[1957,22646,22648],{"className":22647},[2189],[1957,22649,22651],{"className":22650},[2194],[1957,22652,22654],{"className":22653,"style":22564},[2198],[1957,22655,22656,22659],{"style":2221},[1957,22657],{"className":22658,"style":2207},[2206],[1957,22660,22662],{"className":22661},[2211,2212,2213,2214],[1957,22663,22665,22668],{"className":22664},[2022,2214],[1957,22666,22530],{"className":22667,"style":4997},[2022,2023,2214],[1957,22669,22533],{"className":22670,"style":22600},[2022,2023,2214],[1798,22672,22673,1944],{},[1845,22674,16342],{},[1957,22676,22678],{"className":22677},[2962],[1957,22679,22681,22725],{"className":22680},[1960],[1957,22682,22684],{"className":22683},[1964],[1966,22685,22686],{"xmlns":1968,"display":2971},[1970,22687,22688,22722],{},[1973,22689,22690,22700,22702,22704,22706,22708,22710,22712,22714,22716,22718,22720],{},[17956,22691,22692,22698],{},[1973,22693,22694,22696],{},[1976,22695,17962],{},[1980,22697,17965],{},[1976,22699,10400],{},[1976,22701,2978],{},[1980,22703,2981],{"stretchy":1985},[1976,22705,21504],{},[1980,22707,1986],{"stretchy":1985},[1976,22709,10400],{},[1980,22711,1994],{"separator":1993},[1976,22713,21625],{},[1980,22715,2000],{"stretchy":1985},[1980,22717,2991],{"stretchy":1985},[1980,22719,2082],{},[1976,22721,11006],{},[2002,22723,22724],{"encoding":2004},"\\max_e E[\\pi(e, \\epsilon)] - 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} u(w) - c(e) = 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= c'(e^{FB})",[1957,23035,23037,23102],{"className":23036,"ariaHidden":1993},[2009],[1957,23038,23040,23043,23046,23049,23090,23093,23096,23099],{"className":23039},[2013],[1957,23041],{"className":23042,"style":2042},[2017],[1957,23044,2978],{"className":23045,"style":3066},[2022,2023],[1957,23047,2981],{"className":23048},[2046],[1957,23050,23052,23055],{"className":23051},[2022],[1957,23053,21504],{"className":23054,"style":2181},[2022,2023],[1957,23056,23058],{"className":23057},[2185],[1957,23059,23061,23082],{"className":23060},[2189,2190],[1957,23062,23064,23079],{"className":23063},[2194],[1957,23065,23068],{"className":23066,"style":23067},[2198],"height:0.1514em;",[1957,23069,23070,23073],{"style":6226},[1957,23071],{"className":23072,"style":2207},[2206],[1957,23074,23076],{"className":23075},[2211,2212,2213,2214],[1957,23077,10400],{"className":23078},[2022,2023,2214],[1957,23080,2235],{"className":23081},[2234],[1957,23083,23085],{"className":23084},[2194],[1957,23086,23088],{"className":23087,"style":4725},[2198],[1957,23089],{},[1957,23091,2991],{"className":23092},[2064],[1957,23094],{"className":23095,"style":2028},[2027],[1957,23097,2158],{"className":23098},[2032],[1957,23100],{"className":23101,"style":2028},[2027],[1957,23103,23105,23109,23142,23145,23181],{"className":23104},[2013],[1957,23106],{"className":23107,"style":23108},[2017],"height:1.1413em;vertical-align:-0.25em;",[1957,23110,23112,23115],{"className":23111},[2022],[1957,23113,10469],{"className":23114},[2022,2023],[1957,23116,23118],{"className":23117},[2185],[1957,23119,23121],{"className":23120},[2189],[1957,23122,23124],{"className":23123},[2194],[1957,23125,23128],{"className":23126,"style":23127},[2198],"height:0.8019em;",[1957,23129,23130,23133],{"style":3091},[1957,23131],{"className":23132,"style":2207},[2206],[1957,23134,23136],{"className":23135},[2211,2212,2213,2214],[1957,23137,23139],{"className":23138},[2022,2214],[1957,23140,5227],{"className":23141},[2022,2214],[1957,23143,1986],{"className":23144},[2046],[1957,23146,23148,23151],{"className":23147},[2022],[1957,23149,10400],{"className":23150},[2022,2023],[1957,23152,23154],{"className":23153},[2185],[1957,23155,23157],{"className":23156},[2189],[1957,23158,23160],{"className":23159},[2194],[1957,23161,23164],{"className":23162,"style":23163},[2198],"height:0.8913em;",[1957,23165,23166,23169],{"style":3091},[1957,23167],{"className":23168,"style":2207},[2206],[1957,23170,23172],{"className":23171},[2211,2212,2213,2214],[1957,23173,23175,23178],{"className":23174},[2022,2214],[1957,23176,22530],{"className":23177,"style":4997},[2022,2023,2214],[1957,23179,22533],{"className":23180,"style":22600},[2022,2023,2214],[1957,23182,2000],{"className":23183},[2064],[1798,23185,23186,23187,23443],{},"代理人获得固定工资 ",[1957,23188,23190,23252],{"className":23189},[1960],[1957,23191,23193],{"className":23192},[1964],[1966,23194,23195],{"xmlns":1968},[1970,23196,23197,23249],{},[1973,23198,23199,23209,23211,23221,23223,23229,23231,23233,23235,23245,23247],{},[2983,23200,23201,23203],{},[1976,23202,11006],{},[1973,23204,23205,23207],{},[1976,23206,22530],{},[1976,23208,22533],{},[1980,23210,2158],{},[2983,23212,23213,23215],{},[1976,23214,5221],{},[1973,23216,23217,23219],{},[1980,23218,2082],{},[1988,23220,1997],{},[1980,23222,1986],{"stretchy":1985},[6659,23224,23225,23227],{"accent":1993},[1976,23226,5321],{},[1980,23228,6665],{},[1980,23230,3006],{},[1976,23232,10469],{},[1980,23234,1986],{"stretchy":1985},[2983,23236,23237,23239],{},[1976,23238,10400],{},[1973,23240,23241,23243],{},[1976,23242,22530],{},[1976,23244,22533],{},[1980,23246,2000],{"stretchy":1985},[1980,23248,2000],{"stretchy":1985},[2002,23250,23251],{"encoding":2004},"w^{FB} = u^{-1}(\\bar{U} + c(e^{FB}))",[1957,23253,23255,23305,23391],{"className":23254,"ariaHidden":1993},[2009],[1957,23256,23258,23261,23296,23299,23302],{"className":23257},[2013],[1957,23259],{"className":23260,"style":22564},[2017],[1957,23262,23264,23267],{"className":23263},[2022],[1957,23265,11006],{"className":23266,"style":11119},[2022,2023],[1957,23268,23270],{"className":23269},[2185],[1957,23271,23273],{"className":23272},[2189],[1957,23274,23276],{"className":23275},[2194],[1957,23277,23279],{"className":23278,"style":22564},[2198],[1957,23280,23281,23284],{"style":2221},[1957,23282],{"className":23283,"style":2207},[2206],[1957,23285,23287],{"className":23286},[2211,2212,2213,2214],[1957,23288,23290,23293],{"className":23289},[2022,2214],[1957,23291,22530],{"className":23292,"style":4997},[2022,2023,2214],[1957,23294,22533],{"className":23295,"style":22600},[2022,2023,2214],[1957,23297],{"className":23298,"style":2028},[2027],[1957,23300,2158],{"className":23301},[2032],[1957,23303],{"className":23304,"style":2028},[2027],[1957,23306,23308,23312,23348,23351,23382,23385,23388],{"className":23307},[2013],[1957,23309],{"className":23310,"style":23311},[2017],"height:1.0701em;vertical-align:-0.25em;",[1957,23313,23315,23318],{"className":23314},[2022],[1957,23316,5221],{"className":23317},[2022,2023],[1957,23319,23321],{"className":23320},[2185],[1957,23322,23324],{"className":23323},[2189],[1957,23325,23327],{"className":23326},[2194],[1957,23328,23331],{"className":23329,"style":23330},[2198],"height:0.8141em;",[1957,23332,23333,23336],{"style":2221},[1957,23334],{"className":23335,"style":2207},[2206],[1957,23337,23339],{"className":23338},[2211,2212,2213,2214],[1957,23340,23342,23345],{"className":23341},[2022,2214],[1957,23343,2082],{"className":23344},[2022,2214],[1957,23346,1997],{"className":23347},[2022,2214],[1957,23349,1986],{"className":23350},[2046],[1957,23352,23354],{"className":23353},[2022,6946],[1957,23355,23357],{"className":23356},[2189],[1957,23358,23360],{"className":23359},[2194],[1957,23361,23363,23371],{"className":23362,"style":6956},[2198],[1957,23364,23365,23368],{"style":18287},[1957,23366],{"className":23367,"style":3653},[2206],[1957,23369,5321],{"className":23370,"style":5412},[2022,2023],[1957,23372,23373,23376],{"style":22359},[1957,23374],{"className":23375,"style":3653},[2206],[1957,23377,23379],{"className":23378,"style":6976},[6975],[1957,23380,6665],{"className":23381},[2022],[1957,23383],{"className":23384,"style":2104},[2027],[1957,23386,3006],{"className":23387},[2108],[1957,23389],{"className":23390,"style":2104},[2027],[1957,23392,23394,23398,23401,23404,23439],{"className":23393},[2013],[1957,23395],{"className":23396,"style":23397},[2017],"height:1.0913em;vertical-align:-0.25em;",[1957,23399,10469],{"className":23400},[2022,2023],[1957,23402,1986],{"className":23403},[2046],[1957,23405,23407,23410],{"className":23406},[2022],[1957,23408,10400],{"className":23409},[2022,2023],[1957,23411,23413],{"className":23412},[2185],[1957,23414,23416],{"className":23415},[2189],[1957,23417,23419],{"className":23418},[2194],[1957,23420,23422],{"className":23421,"style":22564},[2198],[1957,23423,23424,23427],{"style":2221},[1957,23425],{"className":23426,"style":2207},[2206],[1957,23428,23430],{"className":23429},[2211,2212,2213,2214],[1957,23431,23433,23436],{"className":23432},[2022,2214],[1957,23434,22530],{"className":23435,"style":4997},[2022,2023,2214],[1957,23437,22533],{"className":23438,"style":22600},[2022,2023,2214],[1957,23440,23442],{"className":23441},[2064],"))","，承担零风险。",[1883,23445,23447],{"id":23446},"_43-不完全信息道德风险-second-best","4.3 不完全信息：道德风险 (Second-Best)",[1798,23449,23450,23451,2922],{},"努力不可观测，委托人只能观测产出 ",[1957,23452,23454,23467],{"className":23453},[1960],[1957,23455,23457],{"className":23456},[1964],[1966,23458,23459],{"xmlns":1968},[1970,23460,23461,23465],{},[1973,23462,23463],{},[1976,23464,21504],{},[2002,23466,21548],{"encoding":2004},[1957,23468,23470],{"className":23469,"ariaHidden":1993},[2009],[1957,23471,23473,23476],{"className":23472},[2013],[1957,23474],{"className":23475,"style":5143},[2017],[1957,23477,21504],{"className":23478,"style":2181},[2022,2023],[1798,23480,23481,23484],{},[1845,23482,23483],{},"简化模型","（两个努力水平）：",[1805,23486,23487,23780,24072,24277,24481],{},[1808,23488,23489,23490,9028,23647],{},"努力：",[1957,23491,23493,23527],{"className":23492},[1960],[1957,23494,23496],{"className":23495},[1964],[1966,23497,23498],{"xmlns":1968},[1970,23499,23500,23524],{},[1973,23501,23502,23504,23506,23508,23514,23516,23522],{},[1976,23503,10400],{},[1980,23505,1982],{},[1980,23507,17692],{"stretchy":1985},[4667,23509,23510,23512],{},[1976,23511,10400],{},[1976,23513,2285],{},[1980,23515,1994],{"separator":1993},[4667,23517,23518,23520],{},[1976,23519,10400],{},[1976,23521,2152],{},[1980,23523,17733],{"stretchy":1985},[2002,23525,23526],{"encoding":2004},"e \\in \\{e_L, e_H\\}",[1957,23528,23530,23549],{"className":23529,"ariaHidden":1993},[2009],[1957,23531,23533,23537,23540,23543,23546],{"className":23532},[2013],[1957,23534],{"className":23535,"style":23536},[2017],"height:0.5782em;vertical-align:-0.0391em;",[1957,23538,10400],{"className":23539},[2022,2023],[1957,23541],{"className":23542,"style":2028},[2027],[1957,23544,1982],{"className":23545},[2032],[1957,23547],{"className":23548,"style":2028},[2027],[1957,23550,23552,23555,23558,23598,23601,23604,23644],{"className":23551},[2013],[1957,23553],{"className":23554,"style":2042},[2017],[1957,23556,17692],{"className":23557},[2046],[1957,23559,23561,23564],{"className":23560},[2022],[1957,23562,10400],{"className":23563},[2022,2023],[1957,23565,23567],{"className":23566},[2185],[1957,23568,23570,23590],{"className":23569},[2189,2190],[1957,23571,23573,23587],{"className":23572},[2194],[1957,23574,23576],{"className":23575,"style":4703},[2198],[1957,23577,23578,23581],{"style":4706},[1957,23579],{"className":23580,"style":2207},[2206],[1957,23582,23584],{"className":23583},[2211,2212,2213,2214],[1957,23585,2285],{"className":23586},[2022,2023,2214],[1957,23588,2235],{"className":23589},[2234],[1957,23591,23593],{"className":23592},[2194],[1957,23594,23596],{"className":23595,"style":4725},[2198],[1957,23597],{},[1957,23599,1994],{"className":23600},[2053],[1957,23602],{"className":23603,"style":2057},[2027],[1957,23605,23607,23610],{"className":23606},[2022],[1957,23608,10400],{"className":23609},[2022,2023],[1957,23611,23613],{"className":23612},[2185],[1957,23614,23616,23636],{"className":23615},[2189,2190],[1957,23617,23619,23633],{"className":23618},[2194],[1957,23620,23622],{"className":23621,"style":4703},[2198],[1957,23623,23624,23627],{"style":4706},[1957,23625],{"className":23626,"style":2207},[2206],[1957,23628,23630],{"className":23629},[2211,2212,2213,2214],[1957,23631,2152],{"className":23632,"style":2218},[2022,2023,2214],[1957,23634,2235],{"className":23635},[2234],[1957,23637,23639],{"className":23638},[2194],[1957,23640,23642],{"className":23641,"style":4725},[2198],[1957,23643],{},[1957,23645,17733],{"className":23646},[2064],[1957,23648,23650,23676],{"className":23649},[1960],[1957,23651,23653],{"className":23652},[1964],[1966,23654,23655],{"xmlns":1968},[1970,23656,23657,23673],{},[1973,23658,23659,23665,23667],{},[4667,23660,23661,23663],{},[1976,23662,10400],{},[1976,23664,2152],{},[1980,23666,2620],{},[4667,23668,23669,23671],{},[1976,23670,10400],{},[1976,23672,2285],{},[2002,23674,23675],{"encoding":2004},"e_H > e_L",[1957,23677,23679,23734],{"className":23678,"ariaHidden":1993},[2009],[1957,23680,23682,23685,23725,23728,23731],{"className":23681},[2013],[1957,23683],{"className":23684,"style":10869},[2017],[1957,23686,23688,23691],{"className":23687},[2022],[1957,23689,10400],{"className":23690},[2022,2023],[1957,23692,23694],{"className":23693},[2185],[1957,23695,23697,23717],{"className":23696},[2189,2190],[1957,23698,23700,23714],{"className":23699},[2194],[1957,23701,23703],{"className":23702,"style":4703},[2198],[1957,23704,23705,23708],{"style":4706},[1957,23706],{"className":23707,"style":2207},[2206],[1957,23709,23711],{"className":23710},[2211,2212,2213,2214],[1957,23712,2152],{"className":23713,"style":2218},[2022,2023,2214],[1957,23715,2235],{"className":23716},[2234],[1957,23718,23720],{"className":23719},[2194],[1957,23721,23723],{"className":23722,"style":4725},[2198],[1957,23724],{},[1957,23726],{"className":23727,"style":2028},[2027],[1957,23729,2620],{"className":23730},[2032],[1957,23732],{"className":23733,"style":2028},[2027],[1957,23735,23737,23740],{"className":23736},[2013],[1957,23738],{"className":23739,"style":6317},[2017],[1957,23741,23743,23746],{"className":23742},[2022],[1957,23744,10400],{"className":23745},[2022,2023],[1957,23747,23749],{"className":23748},[2185],[1957,23750,23752,23772],{"className":23751},[2189,2190],[1957,23753,23755,23769],{"className":23754},[2194],[1957,23756,23758],{"className":23757,"style":4703},[2198],[1957,23759,23760,23763],{"style":4706},[1957,23761],{"className":23762,"style":2207},[2206],[1957,23764,23766],{"className":23765},[2211,2212,2213,2214],[1957,23767,2285],{"className":23768},[2022,2023,2214],[1957,23770,2235],{"className":23771},[2234],[1957,23773,23775],{"className":23774},[2194],[1957,23776,23778],{"className":23777,"style":4725},[2198],[1957,23779],{},[1808,23781,23782,23783,9028,23939],{},"产出：",[1957,23784,23786,23820],{"className":23785},[1960],[1957,23787,23789],{"className":23788},[1964],[1966,23790,23791],{"xmlns":1968},[1970,23792,23793,23817],{},[1973,23794,23795,23797,23799,23801,23807,23809,23815],{},[1976,23796,21504],{},[1980,23798,1982],{},[1980,23800,17692],{"stretchy":1985},[4667,23802,23803,23805],{},[1976,23804,21504],{},[1976,23806,2152],{},[1980,23808,1994],{"separator":1993},[4667,23810,23811,23813],{},[1976,23812,21504],{},[1976,23814,2285],{},[1980,23816,17733],{"stretchy":1985},[2002,23818,23819],{"encoding":2004},"\\pi \\in \\{\\pi_H, \\pi_L\\}",[1957,23821,23823,23841],{"className":23822,"ariaHidden":1993},[2009],[1957,23824,23826,23829,23832,23835,23838],{"className":23825},[2013],[1957,23827],{"className":23828,"style":23536},[2017],[1957,23830,21504],{"className":23831,"style":2181},[2022,2023],[1957,23833],{"className":23834,"style":2028},[2027],[1957,23836,1982],{"className":23837},[2032],[1957,23839],{"className":23840,"style":2028},[2027],[1957,23842,23844,23847,23850,23890,23893,23896,23936],{"className":23843},[2013],[1957,23845],{"className":23846,"style":2042},[2017],[1957,23848,17692],{"className":23849},[2046],[1957,23851,23853,23856],{"className":23852},[2022],[1957,23854,21504],{"className":23855,"style":2181},[2022,2023],[1957,23857,23859],{"className":23858},[2185],[1957,23860,23862,23882],{"className":23861},[2189,2190],[1957,23863,23865,23879],{"className":23864},[2194],[1957,23866,23868],{"className":23867,"style":4703},[2198],[1957,23869,23870,23873],{"style":6226},[1957,23871],{"className":23872,"style":2207},[2206],[1957,23874,23876],{"className":23875},[2211,2212,2213,2214],[1957,23877,2152],{"className":23878,"style":2218},[2022,2023,2214],[1957,23880,2235],{"className":23881},[2234],[1957,23883,23885],{"className":23884},[2194],[1957,23886,23888],{"className":23887,"style":4725},[2198],[1957,23889],{},[1957,23891,1994],{"className":23892},[2053],[1957,23894],{"className":23895,"style":2057},[2027],[1957,23897,23899,23902],{"className":23898},[2022],[1957,23900,21504],{"className":23901,"style":2181},[2022,2023],[1957,23903,23905],{"className":23904},[2185],[1957,23906,23908,23928],{"className":23907},[2189,2190],[1957,23909,23911,23925],{"className":23910},[2194],[1957,23912,23914],{"className":23913,"style":4703},[2198],[1957,23915,23916,23919],{"style":6226},[1957,23917],{"className":23918,"style":2207},[2206],[1957,23920,23922],{"className":23921},[2211,2212,2213,2214],[1957,23923,2285],{"className":23924},[2022,2023,2214],[1957,23926,2235],{"className":23927},[2234],[1957,23929,23931],{"className":23930},[2194],[1957,23932,23934],{"className":23933,"style":4725},[2198],[1957,23935],{},[1957,23937,17733],{"className":23938},[2064],[1957,23940,23942,23968],{"className":23941},[1960],[1957,23943,23945],{"className":23944},[1964],[1966,23946,23947],{"xmlns":1968},[1970,23948,23949,23965],{},[1973,23950,23951,23957,23959],{},[4667,23952,23953,23955],{},[1976,23954,21504],{},[1976,23956,2152],{},[1980,23958,2620],{},[4667,23960,23961,23963],{},[1976,23962,21504],{},[1976,23964,2285],{},[2002,23966,23967],{"encoding":2004},"\\pi_H > \\pi_L",[1957,23969,23971,24026],{"className":23970,"ariaHidden":1993},[2009],[1957,23972,23974,23977,24017,24020,24023],{"className":23973},[2013],[1957,23975],{"className":23976,"style":10869},[2017],[1957,23978,23980,23983],{"className":23979},[2022],[1957,23981,21504],{"className":23982,"style":2181},[2022,2023],[1957,23984,23986],{"className":23985},[2185],[1957,23987,23989,24009],{"className":23988},[2189,2190],[1957,23990,23992,24006],{"className":23991},[2194],[1957,23993,23995],{"className":23994,"style":4703},[2198],[1957,23996,23997,24000],{"style":6226},[1957,23998],{"className":23999,"style":2207},[2206],[1957,24001,24003],{"className":24002},[2211,2212,2213,2214],[1957,24004,2152],{"className":24005,"style":2218},[2022,2023,2214],[1957,24007,2235],{"className":24008},[2234],[1957,24010,24012],{"className":24011},[2194],[1957,24013,24015],{"className":24014,"style":4725},[2198],[1957,24016],{},[1957,24018],{"className":24019,"style":2028},[2027],[1957,24021,2620],{"className":24022},[2032],[1957,24024],{"className":24025,"style":2028},[2027],[1957,24027,24029,24032],{"className":24028},[2013],[1957,24030],{"className":24031,"style":6317},[2017],[1957,24033,24035,24038],{"className":24034},[2022],[1957,24036,21504],{"className":24037,"style":2181},[2022,2023],[1957,24039,24041],{"className":24040},[2185],[1957,24042,24044,24064],{"className":24043},[2189,2190],[1957,24045,24047,24061],{"className":24046},[2194],[1957,24048,24050],{"className":24049,"style":4703},[2198],[1957,24051,24052,24055],{"style":6226},[1957,24053],{"className":24054,"style":2207},[2206],[1957,24056,24058],{"className":24057},[2211,2212,2213,2214],[1957,24059,2285],{"className":24060},[2022,2023,2214],[1957,24062,2235],{"className":24063},[2234],[1957,24065,24067],{"className":24066},[2194],[1957,24068,24070],{"className":24069,"style":4725},[2198],[1957,24071],{},[1808,24073,24074,24075],{},"高努力时高产出概率：",[1957,24076,24078,24121],{"className":24077},[1960],[1957,24079,24081],{"className":24080},[1964],[1966,24082,24083],{"xmlns":1968},[1970,24084,24085,24118],{},[1973,24086,24087,24093,24095,24098,24100,24102,24108,24110,24116],{},[4667,24088,24089,24091],{},[1976,24090,1798],{},[1976,24092,2152],{},[1980,24094,2158],{},[1976,24096,24097],{},"Pr",[1980,24099,17965],{},[1980,24101,1986],{"stretchy":1985},[4667,24103,24104,24106],{},[1976,24105,21504],{},[1976,24107,2152],{},[1976,24109,6651],{"mathvariant":5226},[4667,24111,24112,24114],{},[1976,24113,10400],{},[1976,24115,2152],{},[1980,24117,2000],{"stretchy":1985},[2002,24119,24120],{"encoding":2004},"p_H = \\Pr(\\pi_H | e_H)",[1957,24122,24124,24179],{"className":24123,"ariaHidden":1993},[2009],[1957,24125,24127,24130,24170,24173,24176],{"className":24126},[2013],[1957,24128],{"className":24129,"style":2954},[2017],[1957,24131,24133,24136],{"className":24132},[2022],[1957,24134,1798],{"className":24135},[2022,2023],[1957,24137,24139],{"className":24138},[2185],[1957,24140,24142,24162],{"className":24141},[2189,2190],[1957,24143,24145,24159],{"className":24144},[2194],[1957,24146,24148],{"className":24147,"style":4703},[2198],[1957,24149,24150,24153],{"style":4706},[1957,24151],{"className":24152,"style":2207},[2206],[1957,24154,24156],{"className":24155},[2211,2212,2213,2214],[1957,24157,2152],{"className":24158,"style":2218},[2022,2023,2214],[1957,24160,2235],{"className":24161},[2234],[1957,24163,24165],{"className":24164},[2194],[1957,24166,24168],{"className":24167,"style":4725},[2198],[1957,24169],{},[1957,24171],{"className":24172,"style":2028},[2027],[1957,24174,2158],{"className":24175},[2032],[1957,24177],{"className":24178,"style":2028},[2027],[1957,24180,24182,24185,24188,24191,24231,24234,24274],{"className":24181},[2013],[1957,24183],{"className":24184,"style":2042},[2017],[1957,24186,24097],{"className":24187},[18080],[1957,24189,1986],{"className":24190},[2046],[1957,24192,24194,24197],{"className":24193},[2022],[1957,24195,21504],{"className":24196,"style":2181},[2022,2023],[1957,24198,24200],{"className":24199},[2185],[1957,24201,24203,24223],{"className":24202},[2189,2190],[1957,24204,24206,24220],{"className":24205},[2194],[1957,24207,24209],{"className":24208,"style":4703},[2198],[1957,24210,24211,24214],{"style":6226},[1957,24212],{"className":24213,"style":2207},[2206],[1957,24215,24217],{"className":24216},[2211,2212,2213,2214],[1957,24218,2152],{"className":24219,"style":2218},[2022,2023,2214],[1957,24221,2235],{"className":24222},[2234],[1957,24224,24226],{"className":24225},[2194],[1957,24227,24229],{"className":24228,"style":4725},[2198],[1957,24230],{},[1957,24232,6651],{"className":24233},[2022],[1957,24235,24237,24240],{"className":24236},[2022],[1957,24238,10400],{"className":24239},[2022,2023],[1957,24241,24243],{"className":24242},[2185],[1957,24244,24246,24266],{"className":24245},[2189,2190],[1957,24247,24249,24263],{"className":24248},[2194],[1957,24250,24252],{"className":24251,"style":4703},[2198],[1957,24253,24254,24257],{"style":4706},[1957,24255],{"className":24256,"style":2207},[2206],[1957,24258,24260],{"className":24259},[2211,2212,2213,2214],[1957,24261,2152],{"className":24262,"style":2218},[2022,2023,2214],[1957,24264,2235],{"className":24265},[2234],[1957,24267,24269],{"className":24268},[2194],[1957,24270,24272],{"className":24271,"style":4725},[2198],[1957,24273],{},[1957,24275,2000],{"className":24276},[2064],[1808,24278,24279,24280],{},"低努力时高产出概率：",[1957,24281,24283,24325],{"className":24282},[1960],[1957,24284,24286],{"className":24285},[1964],[1966,24287,24288],{"xmlns":1968},[1970,24289,24290,24322],{},[1973,24291,24292,24298,24300,24302,24304,24306,24312,24314,24320],{},[4667,24293,24294,24296],{},[1976,24295,1798],{},[1976,24297,2285],{},[1980,24299,2158],{},[1976,24301,24097],{},[1980,24303,17965],{},[1980,24305,1986],{"stretchy":1985},[4667,24307,24308,24310],{},[1976,24309,21504],{},[1976,24311,2152],{},[1976,24313,6651],{"mathvariant":5226},[4667,24315,24316,24318],{},[1976,24317,10400],{},[1976,24319,2285],{},[1980,24321,2000],{"stretchy":1985},[2002,24323,24324],{"encoding":2004},"p_L = \\Pr(\\pi_H | e_L)",[1957,24326,24328,24383],{"className":24327,"ariaHidden":1993},[2009],[1957,24329,24331,24334,24374,24377,24380],{"className":24330},[2013],[1957,24332],{"className":24333,"style":2954},[2017],[1957,24335,24337,24340],{"className":24336},[2022],[1957,24338,1798],{"className":24339},[2022,2023],[1957,24341,24343],{"className":24342},[2185],[1957,24344,24346,24366],{"className":24345},[2189,2190],[1957,24347,24349,24363],{"className":24348},[2194],[1957,24350,24352],{"className":24351,"style":4703},[2198],[1957,24353,24354,24357],{"style":4706},[1957,24355],{"className":24356,"style":2207},[2206],[1957,24358,24360],{"className":24359},[2211,2212,2213,2214],[1957,24361,2285],{"className":24362},[2022,2023,2214],[1957,24364,2235],{"className":24365},[2234],[1957,24367,24369],{"className":24368},[2194],[1957,24370,24372],{"className":24371,"style":4725},[2198],[1957,24373],{},[1957,24375],{"className":24376,"style":2028},[2027],[1957,24378,2158],{"className":24379},[2032],[1957,24381],{"className":24382,"style":2028},[2027],[1957,24384,24386,24389,24392,24395,24435,24438,24478],{"className":24385},[2013],[1957,24387],{"className":24388,"style":2042},[2017],[1957,24390,24097],{"className":24391},[18080],[1957,24393,1986],{"className":24394},[2046],[1957,24396,24398,24401],{"className":24397},[2022],[1957,24399,21504],{"className":24400,"style":2181},[2022,2023],[1957,24402,24404],{"className":24403},[2185],[1957,24405,24407,24427],{"className":24406},[2189,2190],[1957,24408,24410,24424],{"className":24409},[2194],[1957,24411,24413],{"className":24412,"style":4703},[2198],[1957,24414,24415,24418],{"style":6226},[1957,24416],{"className":24417,"style":2207},[2206],[1957,24419,24421],{"className":24420},[2211,2212,2213,2214],[1957,24422,2152],{"className":24423,"style":2218},[2022,2023,2214],[1957,24425,2235],{"className":24426},[2234],[1957,24428,24430],{"className":24429},[2194],[1957,24431,24433],{"className":24432,"style":4725},[2198],[1957,24434],{},[1957,24436,6651],{"className":24437},[2022],[1957,24439,24441,24444],{"className":24440},[2022],[1957,24442,10400],{"className":24443},[2022,2023],[1957,24445,24447],{"className":24446},[2185],[1957,24448,24450,24470],{"className":24449},[2189,2190],[1957,24451,24453,24467],{"className":24452},[2194],[1957,24454,24456],{"className":24455,"style":4703},[2198],[1957,24457,24458,24461],{"style":4706},[1957,24459],{"className":24460,"style":2207},[2206],[1957,24462,24464],{"className":24463},[2211,2212,2213,2214],[1957,24465,2285],{"className":24466},[2022,2023,2214],[1957,24468,2235],{"className":24469},[2234],[1957,24471,24473],{"className":24472},[2194],[1957,24474,24476],{"className":24475,"style":4725},[2198],[1957,24477],{},[1957,24479,2000],{"className":24480},[2064],[1808,24482,24483,24484,24616],{},"假设 ",[1957,24485,24487,24512],{"className":24486},[1960],[1957,24488,24490],{"className":24489},[1964],[1966,24491,24492],{"xmlns":1968},[1970,24493,24494,24510],{},[1973,24495,24496,24502,24504],{},[4667,24497,24498,24500],{},[1976,24499,1798],{},[1976,24501,2152],{},[1980,24503,2620],{},[4667,24505,24506,24508],{},[1976,24507,1798],{},[1976,24509,2285],{},[2002,24511,4856],{"encoding":2004},[1957,24513,24515,24570],{"className":24514,"ariaHidden":1993},[2009],[1957,24516,24518,24521,24561,24564,24567],{"className":24517},[2013],[1957,24519],{"className":24520,"style":4866},[2017],[1957,24522,24524,24527],{"className":24523},[2022],[1957,24525,1798],{"className":24526},[2022,2023],[1957,24528,24530],{"className":24529},[2185],[1957,24531,24533,24553],{"className":24532},[2189,2190],[1957,24534,24536,24550],{"className":24535},[2194],[1957,24537,24539],{"className":24538,"style":4703},[2198],[1957,24540,24541,24544],{"style":4706},[1957,24542],{"className":24543,"style":2207},[2206],[1957,24545,24547],{"className":24546},[2211,2212,2213,2214],[1957,24548,2152],{"className":24549,"style":2218},[2022,2023,2214],[1957,24551,2235],{"className":24552},[2234],[1957,24554,24556],{"className":24555},[2194],[1957,24557,24559],{"className":24558,"style":4725},[2198],[1957,24560],{},[1957,24562],{"className":24563,"style":2028},[2027],[1957,24565,2620],{"className":24566},[2032],[1957,24568],{"className":24569,"style":2028},[2027],[1957,24571,24573,24576],{"className":24572},[2013],[1957,24574],{"className":24575,"style":2954},[2017],[1957,24577,24579,24582],{"className":24578},[2022],[1957,24580,1798],{"className":24581},[2022,2023],[1957,24583,24585],{"className":24584},[2185],[1957,24586,24588,24608],{"className":24587},[2189,2190],[1957,24589,24591,24605],{"className":24590},[2194],[1957,24592,24594],{"className":24593,"style":4703},[2198],[1957,24595,24596,24599],{"style":4706},[1957,24597],{"className":24598,"style":2207},[2206],[1957,24600,24602],{"className":24601},[2211,2212,2213,2214],[1957,24603,2285],{"className":24604},[2022,2023,2214],[1957,24606,2235],{"className":24607},[2234],[1957,24609,24611],{"className":24610},[2194],[1957,24612,24614],{"className":24613,"style":4725},[2198],[1957,24615],{},"（高努力增加高产出概率）",[1798,24618,24619,1944,24622,9028,24757,24827,24828,24898],{},[1845,24620,24621],{},"合同",[1957,24623,24625,24655],{"className":24624},[1960],[1957,24626,24628],{"className":24627},[1964],[1966,24629,24630],{"xmlns":1968},[1970,24631,24632,24652],{},[1973,24633,24634,24636,24642,24644,24650],{},[1980,24635,17692],{"stretchy":1985},[4667,24637,24638,24640],{},[1976,24639,11006],{},[1976,24641,2152],{},[1980,24643,1994],{"separator":1993},[4667,24645,24646,24648],{},[1976,24647,11006],{},[1976,24649,2285],{},[1980,24651,17733],{"stretchy":1985},[2002,24653,24654],{"encoding":2004},"\\{w_H, w_L\\}",[1957,24656,24658],{"className":24657,"ariaHidden":1993},[2009],[1957,24659,24661,24664,24667,24708,24711,24714,24754],{"className":24660},[2013],[1957,24662],{"className":24663,"style":2042},[2017],[1957,24665,17692],{"className":24666},[2046],[1957,24668,24670,24673],{"className":24669},[2022],[1957,24671,11006],{"className":24672,"style":11119},[2022,2023],[1957,24674,24676],{"className":24675},[2185],[1957,24677,24679,24700],{"className":24678},[2189,2190],[1957,24680,24682,24697],{"className":24681},[2194],[1957,24683,24685],{"className":24684,"style":4703},[2198],[1957,24686,24688,24691],{"style":24687},"top:-2.55em;margin-left:-0.0269em;margin-right:0.05em;",[1957,24689],{"className":24690,"style":2207},[2206],[1957,24692,24694],{"className":24693},[2211,2212,2213,2214],[1957,24695,2152],{"className":24696,"style":2218},[2022,2023,2214],[1957,24698,2235],{"className":24699},[2234],[1957,24701,24703],{"className":24702},[2194],[1957,24704,24706],{"className":24705,"style":4725},[2198],[1957,24707],{},[1957,24709,1994],{"className":24710},[2053],[1957,24712],{"className":24713,"style":2057},[2027],[1957,24715,24717,24720],{"className":24716},[2022],[1957,24718,11006],{"className":24719,"style":11119},[2022,2023],[1957,24721,24723],{"className":24722},[2185],[1957,24724,24726,24746],{"className":24725},[2189,2190],[1957,24727,24729,24743],{"className":24728},[2194],[1957,24730,24732],{"className":24731,"style":4703},[2198],[1957,24733,24734,24737],{"style":24687},[1957,24735],{"className":24736,"style":2207},[2206],[1957,24738,24740],{"className":24739},[2211,2212,2213,2214],[1957,24741,2285],{"className":24742},[2022,2023,2214],[1957,24744,2235],{"className":24745},[2234],[1957,24747,24749],{"className":24748},[2194],[1957,24750,24752],{"className":24751,"style":4725},[2198],[1957,24753],{},[1957,24755,17733],{"className":24756},[2064],[1957,24758,24760,24778],{"className":24759},[1960],[1957,24761,24763],{"className":24762},[1964],[1966,24764,24765],{"xmlns":1968},[1970,24766,24767,24775],{},[1973,24768,24769],{},[4667,24770,24771,24773],{},[1976,24772,11006],{},[1976,24774,2152],{},[2002,24776,24777],{"encoding":2004},"w_H",[1957,24779,24781],{"className":24780,"ariaHidden":1993},[2009],[1957,24782,24784,24787],{"className":24783},[2013],[1957,24785],{"className":24786,"style":6317},[2017],[1957,24788,24790,24793],{"className":24789},[2022],[1957,24791,11006],{"className":24792,"style":11119},[2022,2023],[1957,24794,24796],{"className":24795},[2185],[1957,24797,24799,24819],{"className":24798},[2189,2190],[1957,24800,24802,24816],{"className":24801},[2194],[1957,24803,24805],{"className":24804,"style":4703},[2198],[1957,24806,24807,24810],{"style":24687},[1957,24808],{"className":24809,"style":2207},[2206],[1957,24811,24813],{"className":24812},[2211,2212,2213,2214],[1957,24814,2152],{"className":24815,"style":2218},[2022,2023,2214],[1957,24817,2235],{"className":24818},[2234],[1957,24820,24822],{"className":24821},[2194],[1957,24823,24825],{"className":24824,"style":4725},[2198],[1957,24826],{}," 是高产出时的工资，",[1957,24829,24831,24849],{"className":24830},[1960],[1957,24832,24834],{"className":24833},[1964],[1966,24835,24836],{"xmlns":1968},[1970,24837,24838,24846],{},[1973,24839,24840],{},[4667,24841,24842,24844],{},[1976,24843,11006],{},[1976,24845,2285],{},[2002,24847,24848],{"encoding":2004},"w_L",[1957,24850,24852],{"className":24851,"ariaHidden":1993},[2009],[1957,24853,24855,24858],{"className":24854},[2013],[1957,24856],{"className":24857,"style":6317},[2017],[1957,24859,24861,24864],{"className":24860},[2022],[1957,24862,11006],{"className":24863,"style":11119},[2022,2023],[1957,24865,24867],{"className":24866},[2185],[1957,24868,24870,24890],{"className":24869},[2189,2190],[1957,24871,24873,24887],{"className":24872},[2194],[1957,24874,24876],{"className":24875,"style":4703},[2198],[1957,24877,24878,24881],{"style":24687},[1957,24879],{"className":24880,"style":2207},[2206],[1957,24882,24884],{"className":24883},[2211,2212,2213,2214],[1957,24885,2285],{"className":24886},[2022,2023,2214],[1957,24888,2235],{"className":24889},[2234],[1957,24891,24893],{"className":24892},[2194],[1957,24894,24896],{"className":24895,"style":4725},[2198],[1957,24897],{}," 是低产出时的工资。",[1798,24900,24901,1944],{},[1845,24902,24903],{},"委托人问题",[1957,24905,24907],{"className":24906},[2962],[1957,24908,24910,25004],{"className":24909},[1960],[1957,24911,24913],{"className":24912},[1964],[1966,24914,24915],{"xmlns":1968,"display":2971},[1970,24916,24917,25001],{},[1973,24918,24919,24943,24949,24951,24957,24959,24965,24967,24969,24971,24973,24975,24981,24983,24985,24991,24993,24999],{},[17956,24920,24921,24927],{},[1973,24922,24923,24925],{},[1976,24924,17962],{},[1980,24926,17965],{},[1973,24928,24929,24935,24937],{},[4667,24930,24931,24933],{},[1976,24932,11006],{},[1976,24934,2152],{},[1980,24936,1994],{"separator":1993},[4667,24938,24939,24941],{},[1976,24940,11006],{},[1976,24942,2285],{},[4667,24944,24945,24947],{},[1976,24946,1798],{},[1976,24948,2152],{},[1980,24950,1986],{"stretchy":1985},[4667,24952,24953,24955],{},[1976,24954,21504],{},[1976,24956,2152],{},[1980,24958,2082],{},[4667,24960,24961,24963],{},[1976,24962,11006],{},[1976,24964,2152],{},[1980,24966,2000],{"stretchy":1985},[1980,24968,3006],{},[1980,24970,1986],{"stretchy":1985},[1988,24972,1997],{},[1980,24974,2082],{},[4667,24976,24977,24979],{},[1976,24978,1798],{},[1976,24980,2152],{},[1980,24982,2000],{"stretchy":1985},[1980,24984,1986],{"stretchy":1985},[4667,24986,24987,24989],{},[1976,24988,21504],{},[1976,24990,2285],{},[1980,24992,2082],{},[4667,24994,24995,24997],{},[1976,24996,11006],{},[1976,24998,2285],{},[1980,25000,2000],{"stretchy":1985},[2002,25002,25003],{"encoding":2004},"\\max_{w_H, w_L} p_H(\\pi_H - w_H) + (1-p_H)(\\pi_L - w_L)",[1957,25005,25007,25238,25296,25317,25418],{"className":25006,"ariaHidden":1993},[2009],[1957,25008,25010,25014,25143,25146,25186,25189,25229,25232,25235],{"className":25009},[2013],[1957,25011],{"className":25012,"style":25013},[2017],"height:1.5861em;vertical-align:-0.8361em;",[1957,25015,25017],{"className":25016},[18080,18081],[1957,25018,25020,25134],{"className":25019},[2189,2190],[1957,25021,25023,25131],{"className":25022},[2194],[1957,25024,25026,25121],{"className":25025,"style":5143},[2198],[1957,25027,25028,25031],{"style":22749},[1957,25029],{"className":25030,"style":3653},[2206],[1957,25032,25034],{"className":25033},[2211,2212,2213,2214],[1957,25035,25037,25078,25081],{"className":25036},[2022,2214],[1957,25038,25040,25043],{"className":25039},[2022,2214],[1957,25041,11006],{"className":25042,"style":11119},[2022,2023,2214],[1957,25044,25046],{"className":25045},[2185],[1957,25047,25049,25070],{"className":25048},[2189,2190],[1957,25050,25052,25067],{"className":25051},[2194],[1957,25053,25055],{"className":25054,"style":16772},[2198],[1957,25056,25058,25061],{"style":25057},"top:-2.3567em;margin-left:-0.0269em;margin-right:0.0714em;",[1957,25059],{"className":25060,"style":16779},[2206],[1957,25062,25064],{"className":25063},[2211,16783,16784,2214],[1957,25065,2152],{"className":25066,"style":2218},[2022,2023,2214],[1957,25068,2235],{"className":25069},[2234],[1957,25071,25073],{"className":25072},[2194],[1957,25074,25076],{"className":25075,"style":16797},[2198],[1957,25077],{},[1957,25079,1994],{"className":25080},[2053,2214],[1957,25082,25084,25087],{"className":25083},[2022,2214],[1957,25085,11006],{"className":25086,"style":11119},[2022,2023,2214],[1957,25088,25090],{"className":25089},[2185],[1957,25091,25093,25113],{"className":25092},[2189,2190],[1957,25094,25096,25110],{"className":25095},[2194],[1957,25097,25099],{"className":25098,"style":16772},[2198],[1957,25100,25101,25104],{"style":25057},[1957,25102],{"className":25103,"style":16779},[2206],[1957,25105,25107],{"className":25106},[2211,16783,16784,2214],[1957,25108,2285],{"className":25109},[2022,2023,2214],[1957,25111,2235],{"className":25112},[2234],[1957,25114,25116],{"className":25115},[2194],[1957,25117,25119],{"className":25118,"style":16797},[2198],[1957,25120],{},[1957,25122,25123,25126],{"style":18287},[1957,25124],{"className":25125,"style":3653},[2206],[1957,25127,25128],{},[1957,25129,17962],{"className":25130},[18080],[1957,25132,2235],{"className":25133},[2234],[1957,25135,25137],{"className":25136},[2194],[1957,25138,25141],{"className":25139,"style":25140},[2198],"height:0.8361em;",[1957,25142],{},[1957,25144],{"className":25145,"style":2057},[2027],[1957,25147,25149,25152],{"className":25148},[2022],[1957,25150,1798],{"className":25151},[2022,2023],[1957,25153,25155],{"className":25154},[2185],[1957,25156,25158,25178],{"className":25157},[2189,2190],[1957,25159,25161,25175],{"className":25160},[2194],[1957,25162,25164],{"className":25163,"style":4703},[2198],[1957,25165,25166,25169],{"style":4706},[1957,25167],{"className":25168,"style":2207},[2206],[1957,25170,25172],{"className":25171},[2211,2212,2213,2214],[1957,25173,2152],{"className":25174,"style":2218},[2022,2023,2214],[1957,25176,2235],{"className":25177},[2234],[1957,25179,25181],{"className":25180},[2194],[1957,25182,25184],{"className":25183,"style":4725},[2198],[1957,25185],{},[1957,25187,1986],{"className":25188},[2046],[1957,25190,25192,25195],{"className":25191},[2022],[1957,25193,21504],{"className":25194,"style":2181},[2022,2023],[1957,25196,25198],{"className":25197},[2185],[1957,25199,25201,25221],{"className":25200},[2189,2190],[1957,25202,25204,25218],{"className":25203},[2194],[1957,25205,25207],{"className":25206,"style":4703},[2198],[1957,25208,25209,25212],{"style":6226},[1957,25210],{"className":25211,"style":2207},[2206],[1957,25213,25215],{"className":25214},[2211,2212,2213,2214],[1957,25216,2152],{"className":25217,"style":2218},[2022,2023,2214],[1957,25219,2235],{"className":25220},[2234],[1957,25222,25224],{"className":25223},[2194],[1957,25225,25227],{"className":25226,"style":4725},[2198],[1957,25228],{},[1957,25230],{"className":25231,"style":2104},[2027],[1957,25233,2082],{"className":25234},[2108],[1957,25236],{"className":25237,"style":2104},[2027],[1957,25239,25241,25244,25284,25287,25290,25293],{"className":25240},[2013],[1957,25242],{"className":25243,"style":2042},[2017],[1957,25245,25247,25250],{"className":25246},[2022],[1957,25248,11006],{"className":25249,"style":11119},[2022,2023],[1957,25251,25253],{"className":25252},[2185],[1957,25254,25256,25276],{"className":25255},[2189,2190],[1957,25257,25259,25273],{"className":25258},[2194],[1957,25260,25262],{"className":25261,"style":4703},[2198],[1957,25263,25264,25267],{"style":24687},[1957,25265],{"className":25266,"style":2207},[2206],[1957,25268,25270],{"className":25269},[2211,2212,2213,2214],[1957,25271,2152],{"className":25272,"style":2218},[2022,2023,2214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(IC)","：代理人愿意选择高努力",[1957,25480,25482],{"className":25481},[2962],[1957,25483,25485,25619],{"className":25484},[1960],[1957,25486,25488],{"className":25487},[1964],[1966,25489,25490],{"xmlns":1968,"display":2971},[1970,25491,25492,25616],{},[1973,25493,25494,25500,25502,25504,25510,25512,25514,25516,25518,25520,25526,25528,25530,25532,25538,25540,25542,25544,25546,25552,25554,25556,25562,25564,25566,25572,25574,25576,25578,25580,25582,25588,25590,25592,25594,25600,25602,25604,25606,25608,25614],{},[4667,25495,25496,25498],{},[1976,25497,1798],{},[1976,25499,2152],{},[1976,25501,5221],{},[1980,25503,1986],{"stretchy":1985},[4667,25505,25506,25508],{},[1976,25507,11006],{},[1976,25509,2152],{},[1980,25511,2000],{"stretchy":1985},[1980,25513,3006],{},[1980,25515,1986],{"stretchy":1985},[1988,25517,1997],{},[1980,25519,2082],{},[4667,25521,25522,25524],{},[1976,25523,1798],{},[1976,25525,2152],{},[1980,25527,2000],{"stretchy":1985},[1976,25529,5221],{},[1980,25531,1986],{"stretchy":1985},[4667,25533,25534,25536],{},[1976,25535,11006],{},[1976,25537,2285],{},[1980,25539,2000],{"stretchy":1985},[1980,25541,2082],{},[1976,25543,10469],{},[1980,25545,1986],{"stretchy":1985},[4667,25547,25548,25550],{},[1976,25549,10400],{},[1976,25551,2152],{},[1980,25553,2000],{"stretchy":1985},[1980,25555,4202],{},[4667,25557,25558,25560],{},[1976,25559,1798],{},[1976,25561,2285],{},[1976,25563,5221],{},[1980,25565,1986],{"stretchy":1985},[4667,25567,25568,25570],{},[1976,25569,11006],{},[1976,25571,2152],{},[1980,25573,2000],{"stretchy":1985},[1980,25575,3006],{},[1980,25577,1986],{"stretchy":1985},[1988,25579,1997],{},[1980,25581,2082],{},[4667,25583,25584,25586],{},[1976,25585,1798],{},[1976,25587,2285],{},[1980,25589,2000],{"stretchy":1985},[1976,25591,5221],{},[1980,25593,1986],{"stretchy":1985},[4667,25595,25596,25598],{},[1976,25597,11006],{},[1976,25599,2285],{},[1980,25601,2000],{"stretchy":1985},[1980,25603,2082],{},[1976,25605,10469],{},[1980,25607,1986],{"stretchy":1985},[4667,25609,25610,25612],{},[1976,25611,10400],{},[1976,25613,2285],{},[1980,25615,2000],{"stretchy":1985},[2002,25617,25618],{"encoding":2004},"p_H u(w_H) + (1-p_H) u(w_L) - c(e_H) \\geq p_L u(w_H) + (1-p_L) u(w_L) - c(e_L)",[1957,25620,25622,25726,25747,25854,25918,26022,26043,26150],{"className":25621,"ariaHidden":1993},[2009],[1957,25623,25625,25628,25668,25671,25674,25714,25717,25720,25723],{"className":25624},[2013],[1957,25626],{"className":25627,"style":2042},[2017],[1957,25629,25631,25634],{"className":25630},[2022],[1957,25632,1798],{"className":25633},[2022,2023],[1957,25635,25637],{"className":25636},[2185],[1957,25638,25640,25660],{"className":25639},[2189,2190],[1957,25641,25643,25657],{"className":25642},[2194],[1957,25644,25646],{"className":25645,"style":4703},[2198],[1957,25647,25648,25651],{"style":4706},[1957,25649],{"className":25650,"style":2207},[2206],[1957,25652,25654],{"className":25653},[2211,2212,2213,2214],[1957,25655,2152],{"className":25656,"style":2218},[2022,2023,2214],[1957,25658,2235],{"className":25659},[2234],[1957,25661,25663],{"className":25662},[2194],[1957,25664,25666],{"className":25665,"style":4725},[2198],[1957,25667],{},[1957,25669,5221],{"className":25670},[2022,2023],[1957,25672,1986],{"className":25673},[2046],[1957,25675,25677,25680],{"className":25676},[2022],[1957,25678,11006],{"className":25679,"style":11119},[2022,2023],[1957,25681,25683],{"className":25682},[2185],[1957,25684,25686,25706],{"className":25685},[2189,2190],[1957,25687,25689,25703],{"className":25688},[2194],[1957,25690,25692],{"className":25691,"style":4703},[2198],[1957,25693,25694,25697],{"style":24687},[1957,25695],{"className":25696,"style":2207},[2206],[1957,25698,25700],{"className":25699},[2211,2212,2213,2214],[1957,25701,2152],{"className":25702,"style":2218},[2022,2023,2214],[1957,25704,2235],{"className":25705},[2234],[1957,25707,25709],{"className":25708},[2194],[1957,25710,25712],{"className":25711,"style":4725},[2198],[1957,25713],{},[1957,25715,2000],{"className":25716},[2064],[1957,25718],{"className":25719,"style":2104},[2027],[1957,25721,3006],{"className":25722},[2108],[1957,25724],{"className":25725,"style":2104},[2027],[1957,25727,25729,25732,25735,25738,25741,25744],{"className":25728},[2013],[1957,25730],{"className":25731,"style":2042},[2017],[1957,25733,1986],{"className":25734},[2046],[1957,25736,1997],{"className":25737},[2022],[1957,25739],{"className":25740,"style":2104},[2027],[1957,25742,2082],{"className":25743},[2108],[1957,25745],{"className":25746,"style":2104},[2027],[1957,25748,25750,25753,25793,25796,25799,25802,25842,25845,25848,25851],{"className":25749},[2013],[1957,25751],{"className":25752,"style":2042},[2017],[1957,25754,25756,25759],{"className":25755},[2022],[1957,25757,1798],{"className":25758},[2022,2023],[1957,25760,25762],{"className":25761},[2185],[1957,25763,25765,25785],{"className":25764},[2189,2190],[1957,25766,25768,25782],{"className":25767},[2194],[1957,25769,25771],{"className":25770,"style":4703},[2198],[1957,25772,25773,25776],{"style":4706},[1957,25774],{"className":25775,"style":2207},[2206],[1957,25777,25779],{"className":25778},[2211,2212,2213,2214],[1957,25780,2152],{"className":25781,"style":2218},[2022,2023,2214],[1957,25783,2235],{"className":25784},[2234],[1957,25786,25788],{"className":25787},[2194],[1957,25789,25791],{"className":25790,"style":4725},[2198],[1957,25792],{},[1957,25794,2000],{"className":25795},[2064],[1957,25797,5221],{"className":25798},[2022,2023],[1957,25800,1986],{"className":25801},[2046],[1957,25803,25805,25808],{"className":25804},[2022],[1957,25806,11006],{"className":25807,"style":11119},[2022,2023],[1957,25809,25811],{"className":25810},[2185],[1957,25812,25814,25834],{"className":25813},[2189,2190],[1957,25815,25817,25831],{"className":25816},[2194],[1957,25818,25820],{"className":25819,"style":4703},[2198],[1957,25821,25822,25825],{"style":24687},[1957,25823],{"className":25824,"style":2207},[2206],[1957,25826,25828],{"className":25827},[2211,2212,2213,2214],[1957,25829,2285],{"className":25830},[2022,2023,2214],[1957,25832,2235],{"className":25833},[2234],[1957,25835,25837],{"className":25836},[2194],[1957,25838,25840],{"className":25839,"style":4725},[2198],[1957,25841],{},[1957,25843,2000],{"className":25844},[2064],[1957,25846],{"className":25847,"style":2104},[2027],[1957,25849,2082],{"className":25850},[2108],[1957,25852],{"className":25853,"style":2104},[2027],[1957,25855,25857,25860,25863,25866,25906,25909,25912,25915],{"className":25856},[2013],[1957,25858],{"className":25859,"style":2042},[2017],[1957,25861,10469],{"className":25862},[2022,2023],[1957,25864,1986],{"className":25865},[2046],[1957,25867,25869,25872],{"className":25868},[2022],[1957,25870,10400],{"className":25871},[2022,2023],[1957,25873,25875],{"className":25874},[2185],[1957,25876,25878,25898],{"className":25877},[2189,2190],[1957,25879,25881,25895],{"className":25880},[2194],[1957,25882,25884],{"className":25883,"style":4703},[2198],[1957,25885,25886,25889],{"style":4706},[1957,25887],{"className":25888,"style":2207},[2206],[1957,25890,25892],{"className":25891},[2211,2212,2213,2214],[1957,25893,2152],{"className":25894,"style":2218},[2022,2023,2214],[1957,25896,2235],{"className":25897},[2234],[1957,25899,25901],{"className":25900},[2194],[1957,25902,25904],{"className":25903,"style":4725},[2198],[1957,25905],{},[1957,25907,2000],{"className":25908},[2064],[1957,25910],{"className":25911,"style":2028},[2027],[1957,25913,4202],{"className":25914},[2032],[1957,25916],{"className":25917,"style":2028},[2027],[1957,25919,25921,25924,25964,25967,25970,26010,26013,26016,26019],{"className":25920},[2013],[1957,25922],{"className":25923,"style":2042},[2017],[1957,25925,25927,25930],{"className":25926},[2022],[1957,25928,1798],{"className":25929},[2022,2023],[1957,25931,25933],{"className":25932},[2185],[1957,25934,25936,25956],{"className":25935},[2189,2190],[1957,25937,25939,25953],{"className":25938},[2194],[1957,25940,25942],{"className":25941,"style":4703},[2198],[1957,25943,25944,25947],{"style":4706},[1957,25945],{"className":25946,"style":2207},[2206],[1957,25948,25950],{"className":25949},[2211,2212,2213,2214],[1957,25951,2285],{"className":25952},[2022,2023,2214],[1957,25954,2235],{"className":25955},[2234],[1957,25957,25959],{"className":25958},[2194],[1957,25960,25962],{"className":25961,"style":4725},[2198],[1957,25963],{},[1957,25965,5221],{"className":25966},[2022,2023],[1957,25968,1986],{"className":25969},[2046],[1957,25971,25973,25976],{"className":25972},[2022],[1957,25974,11006],{"className":25975,"style":11119},[2022,2023],[1957,25977,25979],{"className":25978},[2185],[1957,25980,25982,26002],{"className":25981},[2189,2190],[1957,25983,25985,25999],{"className":25984},[2194],[1957,25986,25988],{"className":25987,"style":4703},[2198],[1957,25989,25990,25993],{"style":24687},[1957,25991],{"className":25992,"style":2207},[2206],[1957,25994,25996],{"className":25995},[2211,2212,2213,2214],[1957,25997,2152],{"className":25998,"style":2218},[2022,2023,2214],[1957,26000,2235],{"className":26001},[2234],[1957,26003,26005],{"className":26004},[2194],[1957,26006,26008],{"className":26007,"style":4725},[2198],[1957,26009],{},[1957,26011,2000],{"className":26012},[2064],[1957,26014],{"className":26015,"style":2104},[2027],[1957,26017,3006],{"className":26018},[2108],[1957,26020],{"className":26021,"style":2104},[2027],[1957,26023,26025,26028,26031,26034,26037,26040],{"className":26024},[2013],[1957,26026],{"className":26027,"style":2042},[2017],[1957,26029,1986],{"className":26030},[2046],[1957,26032,1997],{"className":26033},[2022],[1957,26035],{"className":26036,"style":2104},[2027],[1957,26038,2082],{"className":26039},[2108],[1957,26041],{"className":26042,"style":2104},[2027],[1957,26044,26046,26049,26089,26092,26095,26098,26138,26141,26144,26147],{"className":26045},[2013],[1957,26047],{"className":26048,"style":2042},[2017],[1957,26050,26052,26055],{"className":26051},[2022],[1957,26053,1798],{"className":26054},[2022,2023],[1957,26056,26058],{"className":26057},[2185],[1957,26059,26061,26081],{"className":26060},[2189,2190],[1957,26062,26064,26078],{"className":26063},[2194],[1957,26065,26067],{"className":26066,"style":4703},[2198],[1957,26068,26069,26072],{"style":4706},[1957,26070],{"className":26071,"style":2207},[2206],[1957,26073,26075],{"className":26074},[2211,2212,2213,2214],[1957,26076,2285],{"className":26077},[2022,2023,2214],[1957,26079,2235],{"className":26080},[2234],[1957,26082,26084],{"className":26083},[2194],[1957,26085,26087],{"className":26086,"style":4725},[2198],[1957,26088],{},[1957,26090,2000],{"className":26091},[2064],[1957,26093,5221],{"className":26094},[2022,2023],[1957,26096,1986],{"className":26097},[2046],[1957,26099,26101,26104],{"className":26100},[2022],[1957,26102,11006],{"className":26103,"style":11119},[2022,2023],[1957,26105,26107],{"className":26106},[2185],[1957,26108,26110,26130],{"className":26109},[2189,2190],[1957,26111,26113,26127],{"className":26112},[2194],[1957,26114,26116],{"className":26115,"style":4703},[2198],[1957,26117,26118,26121],{"style":24687},[1957,26119],{"className":26120,"style":2207},[2206],[1957,26122,26124],{"className":26123},[2211,2212,2213,2214],[1957,26125,2285],{"className":26126},[2022,2023,2214],[1957,26128,2235],{"className":26129},[2234],[1957,26131,26133],{"className":26132},[2194],[1957,26134,26136],{"className":26135,"style":4725},[2198],[1957,26137],{},[1957,26139,2000],{"className":26140},[2064],[1957,26142],{"className":26143,"style":2104},[2027],[1957,26145,2082],{"className":26146},[2108],[1957,26148],{"className":26149,"style":2104},[2027],[1957,26151,26153,26156,26159,26162,26202],{"className":26152},[2013],[1957,26154],{"className":26155,"style":2042},[2017],[1957,26157,10469],{"className":26158},[2022,2023],[1957,26160,1986],{"className":26161},[2046],[1957,26163,26165,26168],{"className":26164},[2022],[1957,26166,10400],{"className":26167},[2022,2023],[1957,26169,26171],{"className":26170},[2185],[1957,26172,26174,26194],{"className":26173},[2189,2190],[1957,26175,26177,26191],{"className":26176},[2194],[1957,26178,26180],{"className":26179,"style":4703},[2198],[1957,26181,26182,26185],{"style":4706},[1957,26183],{"className":26184,"style":2207},[2206],[1957,26186,26188],{"className":26187},[2211,2212,2213,2214],[1957,26189,2285],{"className":26190},[2022,2023,2214],[1957,26192,2235],{"className":26193},[2234],[1957,26195,26197],{"className":26196},[2194],[1957,26198,26200],{"className":26199,"style":4725},[2198],[1957,26201],{},[1957,26203,2000],{"className":26204},[2064],[12811,26206],{},"简化为：",[1957,26209,26211],{"className":26210},[2962],[1957,26212,26214,26310],{"className":26213},[1960],[1957,26215,26217],{"className":26216},[1964],[1966,26218,26219],{"xmlns":1968,"display":2971},[1970,26220,26221,26307],{},[1973,26222,26223,26225,26231,26233,26239,26241,26243,26245,26247,26253,26255,26257,26259,26261,26267,26269,26271,26273,26275,26277,26283,26285,26287,26289,26291,26297,26299,26302,26305],{},[1980,26224,1986],{"stretchy":1985},[4667,26226,26227,26229],{},[1976,26228,1798],{},[1976,26230,2152],{},[1980,26232,2082],{},[4667,26234,26235,26237],{},[1976,26236,1798],{},[1976,26238,2285],{},[1980,26240,2000],{"stretchy":1985},[1980,26242,2981],{"stretchy":1985},[1976,26244,5221],{},[1980,26246,1986],{"stretchy":1985},[4667,26248,26249,26251],{},[1976,26250,11006],{},[1976,26252,2152],{},[1980,26254,2000],{"stretchy":1985},[1980,26256,2082],{},[1976,26258,5221],{},[1980,26260,1986],{"stretchy":1985},[4667,26262,26263,26265],{},[1976,26264,11006],{},[1976,26266,2285],{},[1980,26268,2000],{"stretchy":1985},[1980,26270,2991],{"stretchy":1985},[1980,26272,4202],{},[1976,26274,10469],{},[1980,26276,1986],{"stretchy":1985},[4667,26278,26279,26281],{},[1976,26280,10400],{},[1976,26282,2152],{},[1980,26284,2000],{"stretchy":1985},[1980,26286,2082],{},[1976,26288,10469],{},[1980,26290,1986],{"stretchy":1985},[4667,26292,26293,26295],{},[1976,26294,10400],{},[1976,26296,2285],{},[1980,26298,2000],{"stretchy":1985},[1980,26300,26301],{},"≡",[1976,26303,26304],{"mathvariant":5226},"Δ",[1976,26306,10469],{},[2002,26308,26309],{"encoding":2004},"(p_H - p_L)[u(w_H) - u(w_L)] \\geq c(e_H) - c(e_L) \\equiv \\Delta c",[1957,26311,26313,26371,26481,26545,26609,26673],{"className":26312,"ariaHidden":1993},[2009],[1957,26314,26316,26319,26322,26362,26365,26368],{"className":26315},[2013],[1957,26317],{"className":26318,"style":2042},[2017],[1957,26320,1986],{"className":26321},[2046],[1957,26323,26325,26328],{"className":26324},[2022],[1957,26326,1798],{"className":26327},[2022,2023],[1957,26329,26331],{"className":26330},[2185],[1957,26332,26334,26354],{"className":26333},[2189,2190],[1957,26335,26337,26351],{"className":26336},[2194],[1957,26338,26340],{"className":26339,"style":4703},[2198],[1957,26341,26342,26345],{"style":4706},[1957,26343],{"className":26344,"style":2207},[2206],[1957,26346,26348],{"className":26347},[2211,2212,2213,2214],[1957,26349,2152],{"className":26350,"style":2218},[2022,2023,2214],[1957,26352,2235],{"className":26353},[2234],[1957,26355,26357],{"className":26356},[2194],[1957,26358,26360],{"className":26359,"style":4725},[2198],[1957,26361],{},[1957,26363],{"className":26364,"style":2104},[2027],[1957,26366,2082],{"className":26367},[2108],[1957,26369],{"className":26370,"style":2104},[2027],[1957,26372,26374,26377,26417,26420,26423,26426,26429,26469,26472,26475,26478],{"className":26373},[2013],[1957,26375],{"className":26376,"style":2042},[2017],[1957,26378,26380,26383],{"className":26379},[2022],[1957,26381,1798],{"className":26382},[2022,2023],[1957,26384,26386],{"className":26385},[2185],[1957,26387,26389,26409],{"className":26388},[2189,2190],[1957,26390,26392,26406],{"className":26391},[2194],[1957,26393,26395],{"className":26394,"style":4703},[2198],[1957,26396,26397,26400],{"style":4706},[1957,26398],{"className":26399,"style":2207},[2206],[1957,26401,26403],{"className":26402},[2211,2212,2213,2214],[1957,26404,2285],{"className":26405},[2022,2023,2214],[1957,26407,2235],{"className":26408},[2234],[1957,26410,26412],{"className":26411},[2194],[1957,26413,26415],{"className":26414,"style":4725},[2198],[1957,26416],{},[1957,26418,2000],{"className":26419},[2064],[1957,26421,2981],{"className":26422},[2046],[1957,26424,5221],{"className":26425},[2022,2023],[1957,26427,1986],{"className":26428},[2046],[1957,26430,26432,26435],{"className":26431},[2022],[1957,26433,11006],{"className":26434,"style":11119},[2022,2023],[1957,26436,26438],{"className":26437},[2185],[1957,26439,26441,26461],{"className":26440},[2189,2190],[1957,26442,26444,26458],{"className":26443},[2194],[1957,26445,26447],{"className":26446,"style":4703},[2198],[1957,26448,26449,26452],{"style":24687},[1957,26450],{"className":26451,"style":2207},[2206],[1957,26453,26455],{"className":26454},[2211,2212,2213,2214],[1957,26456,2152],{"className":26457,"style":2218},[2022,2023,2214],[1957,26459,2235],{"className":26460},[2234],[1957,26462,26464],{"className":26463},[2194],[1957,26465,26467],{"className":26466,"style":4725},[2198],[1957,26468],{},[1957,26470,2000],{"className":26471},[2064],[1957,26473],{"className":26474,"style":2104},[2027],[1957,26476,2082],{"className":26477},[2108],[1957,26479],{"className":26480,"style":2104},[2027],[1957,26482,26484,26487,26490,26493,26533,26536,26539,26542],{"className":26483},[2013],[1957,26485],{"className":26486,"style":2042},[2017],[1957,26488,5221],{"className":26489},[2022,2023],[1957,26491,1986],{"className":26492},[2046],[1957,26494,26496,26499],{"className":26495},[2022],[1957,26497,11006],{"className":26498,"style":11119},[2022,2023],[1957,26500,26502],{"className":26501},[2185],[1957,26503,26505,26525],{"className":26504},[2189,2190],[1957,26506,26508,26522],{"className":26507},[2194],[1957,26509,26511],{"className":26510,"style":4703},[2198],[1957,26512,26513,26516],{"style":24687},[1957,26514],{"className":26515,"style":2207},[2206],[1957,26517,26519],{"className":26518},[2211,2212,2213,2214],[1957,26520,2285],{"className":26521},[2022,2023,2214],[1957,26523,2235],{"className":26524},[2234],[1957,26526,26528],{"className":26527},[2194],[1957,26529,26531],{"className":26530,"style":4725},[2198],[1957,26532],{},[1957,26534,22811],{"className":26535},[2064],[1957,26537],{"className":26538,"style":2028},[2027],[1957,26540,4202],{"className":26541},[2032],[1957,26543],{"className":26544,"style":2028},[2027],[1957,26546,26548,26551,26554,26557,26597,26600,26603,26606],{"className":26547},[2013],[1957,26549],{"className":26550,"style":2042},[2017],[1957,26552,10469],{"className":26553},[2022,2023],[1957,26555,1986],{"className":26556},[2046],[1957,26558,26560,26563],{"className":26559},[2022],[1957,26561,10400],{"className":26562},[2022,2023],[1957,26564,26566],{"className":26565},[2185],[1957,26567,26569,26589],{"className":26568},[2189,2190],[1957,26570,26572,26586],{"className":26571},[2194],[1957,26573,26575],{"className":26574,"style":4703},[2198],[1957,26576,26577,26580],{"style":4706},[1957,26578],{"className":26579,"style":2207},[2206],[1957,26581,26583],{"className":26582},[2211,2212,2213,2214],[1957,26584,2152],{"className":26585,"style":2218},[2022,2023,2214],[1957,26587,2235],{"className":26588},[2234],[1957,26590,26592],{"className":26591},[2194],[1957,26593,26595],{"className":26594,"style":4725},[2198],[1957,26596],{},[1957,26598,2000],{"className":26599},[2064],[1957,26601],{"className":26602,"style":2104},[2027],[1957,26604,2082],{"className":26605},[2108],[1957,26607],{"className":26608,"style":2104},[2027],[1957,26610,26612,26615,26618,26621,26661,26664,26667,26670],{"className":26611},[2013],[1957,26613],{"className":26614,"style":2042},[2017],[1957,26616,10469],{"className":26617},[2022,2023],[1957,26619,1986],{"className":26620},[2046],[1957,26622,26624,26627],{"className":26623},[2022],[1957,26625,10400],{"className":26626},[2022,2023],[1957,26628,26630],{"className":26629},[2185],[1957,26631,26633,26653],{"className":26632},[2189,2190],[1957,26634,26636,26650],{"className":26635},[2194],[1957,26637,26639],{"className":26638,"style":4703},[2198],[1957,26640,26641,26644],{"style":4706},[1957,26642],{"className":26643,"style":2207},[2206],[1957,26645,26647],{"className":26646},[2211,2212,2213,2214],[1957,26648,2285],{"className":26649},[2022,2023,2214],[1957,26651,2235],{"className":26652},[2234],[1957,26654,26656],{"className":26655},[2194],[1957,26657,26659],{"className":26658,"style":4725},[2198],[1957,26660],{},[1957,26662,2000],{"className":26663},[2064],[1957,26665],{"className":26666,"style":2028},[2027],[1957,26668,26301],{"className":26669},[2032],[1957,26671],{"className":26672,"style":2028},[2027],[1957,26674,26676,26679,26682],{"className":26675},[2013],[1957,26677],{"className":26678,"style":4649},[2017],[1957,26680,26304],{"className":26681},[2022],[1957,26683,10469],{"className":26684},[2022,2023],[1808,26686,26687,1944,26689],{},[1845,26688,18606],{},[1957,26690,26692],{"className":26691},[2962],[1957,26693,26695,26775],{"className":26694},[1960],[1957,26696,26698],{"className":26697},[1964],[1966,26699,26700],{"xmlns":1968,"display":2971},[1970,26701,26702,26772],{},[1973,26703,26704,26710,26712,26714,26720,26722,26724,26726,26728,26730,26736,26738,26740,26742,26748,26750,26752,26754,26756,26762,26764,26766],{},[4667,26705,26706,26708],{},[1976,26707,1798],{},[1976,26709,2152],{},[1976,26711,5221],{},[1980,26713,1986],{"stretchy":1985},[4667,26715,26716,26718],{},[1976,26717,11006],{},[1976,26719,2152],{},[1980,26721,2000],{"stretchy":1985},[1980,26723,3006],{},[1980,26725,1986],{"stretchy":1985},[1988,26727,1997],{},[1980,26729,2082],{},[4667,26731,26732,26734],{},[1976,26733,1798],{},[1976,26735,2152],{},[1980,26737,2000],{"stretchy":1985},[1976,26739,5221],{},[1980,26741,1986],{"stretchy":1985},[4667,26743,26744,26746],{},[1976,26745,11006],{},[1976,26747,2285],{},[1980,26749,2000],{"stretchy":1985},[1980,26751,2082],{},[1976,26753,10469],{},[1980,26755,1986],{"stretchy":1985},[4667,26757,26758,26760],{},[1976,26759,10400],{},[1976,26761,2152],{},[1980,26763,2000],{"stretchy":1985},[1980,26765,4202],{},[6659,26767,26768,26770],{"accent":1993},[1976,26769,5321],{},[1980,26771,6665],{},[2002,26773,26774],{"encoding":2004},"p_H u(w_H) + (1-p_H) u(w_L) - c(e_H) \\geq \\bar{U}",[1957,26776,26778,26882,26903,27010,27074],{"className":26777,"ariaHidden":1993},[2009],[1957,26779,26781,26784,26824,26827,26830,26870,26873,26876,26879],{"className":26780},[2013],[1957,26782],{"className":26783,"style":2042},[2017],[1957,26785,26787,26790],{"className":26786},[2022],[1957,26788,1798],{"className":26789},[2022,2023],[1957,26791,26793],{"className":26792},[2185],[1957,26794,26796,26816],{"className":26795},[2189,2190],[1957,26797,26799,26813],{"className":26798},[2194],[1957,26800,26802],{"className":26801,"style":4703},[2198],[1957,26803,26804,26807],{"style":4706},[1957,26805],{"className":26806,"style":2207},[2206],[1957,26808,26810],{"className":26809},[2211,2212,2213,2214],[1957,26811,2152],{"className":26812,"style":2218},[2022,2023,2214],[1957,26814,2235],{"className":26815},[2234],[1957,26817,26819],{"className":26818},[2194],[1957,26820,26822],{"className":26821,"style":4725},[2198],[1957,26823],{},[1957,26825,5221],{"className":26826},[2022,2023],[1957,26828,1986],{"className":26829},[2046],[1957,26831,26833,26836],{"className":26832},[2022],[1957,26834,11006],{"className":26835,"style":11119},[2022,2023],[1957,26837,26839],{"className":26838},[2185],[1957,26840,26842,26862],{"className":26841},[2189,2190],[1957,26843,26845,26859],{"className":26844},[2194],[1957,26846,26848],{"className":26847,"style":4703},[2198],[1957,26849,26850,26853],{"style":24687},[1957,26851],{"className":26852,"style":2207},[2206],[1957,26854,26856],{"className":26855},[2211,2212,2213,2214],[1957,26857,2152],{"className":26858,"style":2218},[2022,2023,2214],[1957,26860,2235],{"className":26861},[2234],[1957,26863,26865],{"className":26864},[2194],[1957,26866,26868],{"className":26867,"style":4725},[2198],[1957,26869],{},[1957,26871,2000],{"className":26872},[2064],[1957,26874],{"className":26875,"style":2104},[2027],[1957,26877,3006],{"className":26878},[2108],[1957,26880],{"className":26881,"style":2104},[2027],[1957,26883,26885,26888,26891,26894,26897,26900],{"className":26884},[2013],[1957,26886],{"className":26887,"style":2042},[2017],[1957,26889,1986],{"className":26890},[2046],[1957,26892,1997],{"className":26893},[2022],[1957,26895],{"className":26896,"style":2104},[2027],[1957,26898,2082],{"className":26899},[2108],[1957,26901],{"className":26902,"style":2104},[2027],[1957,26904,26906,26909,26949,26952,26955,26958,26998,27001,27004,27007],{"className":26905},[2013],[1957,26907],{"className":26908,"style":2042},[2017],[1957,26910,26912,26915],{"className":26911},[2022],[1957,26913,1798],{"className":26914},[2022,2023],[1957,26916,26918],{"className":26917},[2185],[1957,26919,26921,26941],{"className":26920},[2189,2190],[1957,26922,26924,26938],{"className":26923},[2194],[1957,26925,26927],{"className":26926,"style":4703},[2198],[1957,26928,26929,26932],{"style":4706},[1957,26930],{"className":26931,"style":2207},[2206],[1957,26933,26935],{"className":26934},[2211,2212,2213,2214],[1957,26936,2152],{"className":26937,"style":2218},[2022,2023,2214],[1957,26939,2235],{"className":26940},[2234],[1957,26942,26944],{"className":26943},[2194],[1957,26945,26947],{"className":26946,"style":4725},[2198],[1957,26948],{},[1957,26950,2000],{"className":26951},[2064],[1957,26953,5221],{"className":26954},[2022,2023],[1957,26956,1986],{"className":26957},[2046],[1957,26959,26961,26964],{"className":26960},[2022],[1957,26962,11006],{"className":26963,"style":11119},[2022,2023],[1957,26965,26967],{"className":26966},[2185],[1957,26968,26970,26990],{"className":26969},[2189,2190],[1957,26971,26973,26987],{"className":26972},[2194],[1957,26974,26976],{"className":26975,"style":4703},[2198],[1957,26977,26978,26981],{"style":24687},[1957,26979],{"className":26980,"style":2207},[2206],[1957,26982,26984],{"className":26983},[2211,2212,2213,2214],[1957,26985,2285],{"className":26986},[2022,2023,2214],[1957,26988,2235],{"className":26989},[2234],[1957,26991,26993],{"className":26992},[2194],[1957,26994,26996],{"className":26995,"style":4725},[2198],[1957,26997],{},[1957,26999,2000],{"className":27000},[2064],[1957,27002],{"className":27003,"style":2104},[2027],[1957,27005,2082],{"className":27006},[2108],[1957,27008],{"className":27009,"style":2104},[2027],[1957,27011,27013,27016,27019,27022,27062,27065,27068,27071],{"className":27012},[2013],[1957,27014],{"className":27015,"style":2042},[2017],[1957,27017,10469],{"className":27018},[2022,2023],[1957,27020,1986],{"className":27021},[2046],[1957,27023,27025,27028],{"className":27024},[2022],[1957,27026,10400],{"className":27027},[2022,2023],[1957,27029,27031],{"className":27030},[2185],[1957,27032,27034,27054],{"className":27033},[2189,2190],[1957,27035,27037,27051],{"className":27036},[2194],[1957,27038,27040],{"className":27039,"style":4703},[2198],[1957,27041,27042,27045],{"style":4706},[1957,27043],{"className":27044,"style":2207},[2206],[1957,27046,27048],{"className":27047},[2211,2212,2213,2214],[1957,27049,2152],{"className":27050,"style":2218},[2022,2023,2214],[1957,27052,2235],{"className":27053},[2234],[1957,27055,27057],{"className":27056},[2194],[1957,27058,27060],{"className":27059,"style":4725},[2198],[1957,27061],{},[1957,27063,2000],{"className":27064},[2064],[1957,27066],{"className":27067,"style":2028},[2027],[1957,27069,4202],{"className":27070},[2032],[1957,27072],{"className":27073,"style":2028},[2027],[1957,27075,27077,27080],{"className":27076},[2013],[1957,27078],{"className":27079,"style":6956},[2017],[1957,27081,27083],{"className":27082},[2022,6946],[1957,27084,27086],{"className":27085},[2189],[1957,27087,27089],{"className":27088},[2194],[1957,27090,27092,27100],{"className":27091,"style":6956},[2198],[1957,27093,27094,27097],{"style":18287},[1957,27095],{"className":27096,"style":3653},[2206],[1957,27098,5321],{"className":27099,"style":5412},[2022,2023],[1957,27101,27102,27105],{"style":22359},[1957,27103],{"className":27104,"style":3653},[2206],[1957,27106,27108],{"className":27107,"style":6976},[6975],[1957,27109,6665],{"className":27110},[2022],[1798,27112,27113,1944],{},[1845,27114,9563],{},[1887,27116,27117,27394,27407],{},[1808,27118,27119,1944,27122,27255],{},[1845,27120,27121],{},"必须有工资差异",[1957,27123,27125,27151],{"className":27124},[1960],[1957,27126,27128],{"className":27127},[1964],[1966,27129,27130],{"xmlns":1968},[1970,27131,27132,27148],{},[1973,27133,27134,27140,27142],{},[4667,27135,27136,27138],{},[1976,27137,11006],{},[1976,27139,2152],{},[1980,27141,2620],{},[4667,27143,27144,27146],{},[1976,27145,11006],{},[1976,27147,2285],{},[2002,27149,27150],{"encoding":2004},"w_H > w_L",[1957,27152,27154,27209],{"className":27153,"ariaHidden":1993},[2009],[1957,27155,27157,27160,27200,27203,27206],{"className":27156},[2013],[1957,27158],{"className":27159,"style":10869},[2017],[1957,27161,27163,27166],{"className":27162},[2022],[1957,27164,11006],{"className":27165,"style":11119},[2022,2023],[1957,27167,27169],{"className":27168},[2185],[1957,27170,27172,27192],{"className":27171},[2189,2190],[1957,27173,27175,27189],{"className":27174},[2194],[1957,27176,27178],{"className":27177,"style":4703},[2198],[1957,27179,27180,27183],{"style":24687},[1957,27181],{"className":27182,"style":2207},[2206],[1957,27184,27186],{"className":27185},[2211,2212,2213,2214],[1957,27187,2152],{"className":27188,"style":2218},[2022,2023,2214],[1957,27190,2235],{"className":27191},[2234],[1957,27193,27195],{"className":27194},[2194],[1957,27196,27198],{"className":27197,"style":4725},[2198],[1957,27199],{},[1957,27201],{"className":27202,"style":2028},[2027],[1957,27204,2620],{"className":27205},[2032],[1957,27207],{"className":27208,"style":2028},[2027],[1957,27210,27212,27215],{"className":27211},[2013],[1957,27213],{"className":27214,"style":6317},[2017],[1957,27216,27218,27221],{"className":27217},[2022],[1957,27219,11006],{"className":27220,"style":11119},[2022,2023],[1957,27222,27224],{"className":27223},[2185],[1957,27225,27227,27247],{"className":27226},[2189,2190],[1957,27228,27230,27244],{"className":27229},[2194],[1957,27231,27233],{"className":27232,"style":4703},[2198],[1957,27234,27235,27238],{"style":24687},[1957,27236],{"className":27237,"style":2207},[2206],[1957,27239,27241],{"className":27240},[2211,2212,2213,2214],[1957,27242,2285],{"className":27243},[2022,2023,2214],[1957,27245,2235],{"className":27246},[2234],[1957,27248,27250],{"className":27249},[2194],[1957,27251,27253],{"className":27252,"style":4725},[2198],[1957,27254],{},[1805,27256,27257],{},[1808,27258,27259,27260,27393],{},"如果 ",[1957,27261,27263,27289],{"className":27262},[1960],[1957,27264,27266],{"className":27265},[1964],[1966,27267,27268],{"xmlns":1968},[1970,27269,27270,27286],{},[1973,27271,27272,27278,27280],{},[4667,27273,27274,27276],{},[1976,27275,11006],{},[1976,27277,2152],{},[1980,27279,2158],{},[4667,27281,27282,27284],{},[1976,27283,11006],{},[1976,27285,2285],{},[2002,27287,27288],{"encoding":2004},"w_H = w_L",[1957,27290,27292,27347],{"className":27291,"ariaHidden":1993},[2009],[1957,27293,27295,27298,27338,27341,27344],{"className":27294},[2013],[1957,27296],{"className":27297,"style":6317},[2017],[1957,27299,27301,27304],{"className":27300},[2022],[1957,27302,11006],{"className":27303,"style":11119},[2022,2023],[1957,27305,27307],{"className":27306},[2185],[1957,27308,27310,27330],{"className":27309},[2189,2190],[1957,27311,27313,27327],{"className":27312},[2194],[1957,27314,27316],{"className":27315,"style":4703},[2198],[1957,27317,27318,27321],{"style":24687},[1957,27319],{"className":27320,"style":2207},[2206],[1957,27322,27324],{"className":27323},[2211,2212,2213,2214],[1957,27325,2152],{"className":27326,"style":2218},[2022,2023,2214],[1957,27328,2235],{"className":27329},[2234],[1957,27331,27333],{"className":27332},[2194],[1957,27334,27336],{"className":27335,"style":4725},[2198],[1957,27337],{},[1957,27339],{"className":27340,"style":2028},[2027],[1957,27342,2158],{"className":27343},[2032],[1957,27345],{"className":27346,"style":2028},[2027],[1957,27348,27350,27353],{"className":27349},[2013],[1957,27351],{"className":27352,"style":6317},[2017],[1957,27354,27356,27359],{"className":27355},[2022],[1957,27357,11006],{"className":27358,"style":11119},[2022,2023],[1957,27360,27362],{"className":27361},[2185],[1957,27363,27365,27385],{"className":27364},[2189,2190],[1957,27366,27368,27382],{"className":27367},[2194],[1957,27369,27371],{"className":27370,"style":4703},[2198],[1957,27372,27373,27376],{"style":24687},[1957,27374],{"className":27375,"style":2207},[2206],[1957,27377,27379],{"className":27378},[2211,2212,2213,2214],[1957,27380,2285],{"className":27381},[2022,2023,2214],[1957,27383,2235],{"className":27384},[2234],[1957,27386,27388],{"className":27387},[2194],[1957,27389,27391],{"className":27390,"style":4725},[2198],[1957,27392],{},"，IC约束无法满足（代理人会偷懒）",[1808,27395,27396,27399],{},[1845,27397,27398],{},"代理人承担风险",[1805,27400,27401,27404],{},[1808,27402,27403],{},"为了激励努力，必须让工资依赖于产出",[1808,27405,27406],{},"但代理人是风险规避的，这降低了其效用",[1808,27408,27409,27411],{},[1845,27410,20889],{},[1805,27412,27413,27416],{},[1808,27414,27415],{},"相比第一最优，代理人承担了本应由风险中性的委托人承担的风险",[1808,27417,27418],{},"这是信息不对称的成本",[1883,27420,27422],{"id":27421},"_44-数值例子","4.4 数值例子",[1798,27424,27425,1944],{},[1845,27426,27427],{},"参数",[1805,27429,27430,27616,27807,28025,28156],{},[1808,27431,23782,27432,12327,27524],{},[1957,27433,27435,27457],{"className":27434},[1960],[1957,27436,27438],{"className":27437},[1964],[1966,27439,27440],{"xmlns":1968},[1970,27441,27442,27454],{},[1973,27443,27444,27450,27452],{},[4667,27445,27446,27448],{},[1976,27447,21504],{},[1976,27449,2152],{},[1980,27451,2158],{},[1988,27453,14604],{},[2002,27455,27456],{"encoding":2004},"\\pi_H = 100",[1957,27458,27460,27515],{"className":27459,"ariaHidden":1993},[2009],[1957,27461,27463,27466,27506,27509,27512],{"className":27462},[2013],[1957,27464],{"className":27465,"style":6317},[2017],[1957,27467,27469,27472],{"className":27468},[2022],[1957,27470,21504],{"className":27471,"style":2181},[2022,2023],[1957,27473,27475],{"className":27474},[2185],[1957,27476,27478,27498],{"className":27477},[2189,2190],[1957,27479,27481,27495],{"className":27480},[2194],[1957,27482,27484],{"className":27483,"style":4703},[2198],[1957,27485,27486,27489],{"style":6226},[1957,27487],{"className":27488,"style":2207},[2206],[1957,27490,27492],{"className":27491},[2211,2212,2213,2214],[1957,27493,2152],{"className":27494,"style":2218},[2022,2023,2214],[1957,27496,2235],{"className":27497},[2234],[1957,27499,27501],{"className":27500},[2194],[1957,27502,27504],{"className":27503,"style":4725},[2198],[1957,27505],{},[1957,27507],{"className":27508,"style":2028},[2027],[1957,27510,2158],{"className":27511},[2032],[1957,27513],{"className":27514,"style":2028},[2027],[1957,27516,27518,27521],{"className":27517},[2013],[1957,27519],{"className":27520,"style":2260},[2017],[1957,27522,14604],{"className":27523},[2022],[1957,27525,27527,27549],{"className":27526},[1960],[1957,27528,27530],{"className":27529},[1964],[1966,27531,27532],{"xmlns":1968},[1970,27533,27534,27546],{},[1973,27535,27536,27542,27544],{},[4667,27537,27538,27540],{},[1976,27539,21504],{},[1976,27541,2285],{},[1980,27543,2158],{},[1988,27545,1990],{},[2002,27547,27548],{"encoding":2004},"\\pi_L = 0",[1957,27550,27552,27607],{"className":27551,"ariaHidden":1993},[2009],[1957,27553,27555,27558,27598,27601,27604],{"className":27554},[2013],[1957,27556],{"className":27557,"style":6317},[2017],[1957,27559,27561,27564],{"className":27560},[2022],[1957,27562,21504],{"className":27563,"style":2181},[2022,2023],[1957,27565,27567],{"className":27566},[2185],[1957,27568,27570,27590],{"className":27569},[2189,2190],[1957,27571,27573,27587],{"className":27572},[2194],[1957,27574,27576],{"className":27575,"style":4703},[2198],[1957,27577,27578,27581],{"style":6226},[1957,27579],{"className":27580,"style":2207},[2206],[1957,27582,27584],{"className":27583},[2211,2212,2213,2214],[1957,27585,2285],{"className":27586},[2022,2023,2214],[1957,27588,2235],{"className":27589},[2234],[1957,27591,27593],{"className":27592},[2194],[1957,27594,27596],{"className":27595,"style":4725},[2198],[1957,27597],{},[1957,27599],{"className":27600,"style":2028},[2027],[1957,27602,2158],{"className":27603},[2032],[1957,27605],{"className":27606,"style":2028},[2027],[1957,27608,27610,27613],{"className":27609},[2013],[1957,27611],{"className":27612,"style":2260},[2017],[1957,27614,1990],{"className":27615},[2022],[1808,27617,27618,27619,27712,27713,27806],{},"概率：",[1957,27620,27622,27645],{"className":27621},[1960],[1957,27623,27625],{"className":27624},[1964],[1966,27626,27627],{"xmlns":1968},[1970,27628,27629,27642],{},[1973,27630,27631,27637,27639],{},[4667,27632,27633,27635],{},[1976,27634,1798],{},[1976,27636,2152],{},[1980,27638,2158],{},[1988,27640,27641],{},"0.8",[2002,27643,27644],{"encoding":2004},"p_H = 0.8",[1957,27646,27648,27703],{"className":27647,"ariaHidden":1993},[2009],[1957,27649,27651,27654,27694,27697,27700],{"className":27650},[2013],[1957,27652],{"className":27653,"style":2954},[2017],[1957,27655,27657,27660],{"className":27656},[2022],[1957,27658,1798],{"className":27659},[2022,2023],[1957,27661,27663],{"className":27662},[2185],[1957,27664,27666,27686],{"className":27665},[2189,2190],[1957,27667,27669,27683],{"className":27668},[2194],[1957,27670,27672],{"className":27671,"style":4703},[2198],[1957,27673,27674,27677],{"style":4706},[1957,27675],{"className":27676,"style":2207},[2206],[1957,27678,27680],{"className":27679},[2211,2212,2213,2214],[1957,27681,2152],{"className":27682,"style":2218},[2022,2023,2214],[1957,27684,2235],{"className":27685},[2234],[1957,27687,27689],{"className":27688},[2194],[1957,27690,27692],{"className":27691,"style":4725},[2198],[1957,27693],{},[1957,27695],{"className":27696,"style":2028},[2027],[1957,27698,2158],{"className":27699},[2032],[1957,27701],{"className":27702,"style":2028},[2027],[1957,27704,27706,27709],{"className":27705},[2013],[1957,27707],{"className":27708,"style":2260},[2017],[1957,27710,27641],{"className":27711},[2022],"（高努力），",[1957,27714,27716,27739],{"className":27715},[1960],[1957,27717,27719],{"className":27718},[1964],[1966,27720,27721],{"xmlns":1968},[1970,27722,27723,27736],{},[1973,27724,27725,27731,27733],{},[4667,27726,27727,27729],{},[1976,27728,1798],{},[1976,27730,2285],{},[1980,27732,2158],{},[1988,27734,27735],{},"0.2",[2002,27737,27738],{"encoding":2004},"p_L = 0.2",[1957,27740,27742,27797],{"className":27741,"ariaHidden":1993},[2009],[1957,27743,27745,27748,27788,27791,27794],{"className":27744},[2013],[1957,27746],{"className":27747,"style":2954},[2017],[1957,27749,27751,27754],{"className":27750},[2022],[1957,27752,1798],{"className":27753},[2022,2023],[1957,27755,27757],{"className":27756},[2185],[1957,27758,27760,27780],{"className":27759},[2189,2190],[1957,27761,27763,27777],{"className":27762},[2194],[1957,27764,27766],{"className":27765,"style":4703},[2198],[1957,27767,27768,27771],{"style":4706},[1957,27769],{"className":27770,"style":2207},[2206],[1957,27772,27774],{"className":27773},[2211,2212,2213,2214],[1957,27775,2285],{"className":27776},[2022,2023,2214],[1957,27778,2235],{"className":27779},[2234],[1957,27781,27783],{"className":27782},[2194],[1957,27784,27786],{"className":27785,"style":4725},[2198],[1957,27787],{},[1957,27789],{"className":27790,"style":2028},[2027],[1957,27792,2158],{"className":27793},[2032],[1957,27795],{"className":27796,"style":2028},[2027],[1957,27798,27800,27803],{"className":27799},[2013],[1957,27801],{"className":27802,"style":2260},[2017],[1957,27804,27735],{"className":27805},[2022],"（低努力）",[1808,27808,27809,27810,12327,27918],{},"成本：",[1957,27811,27813,27842],{"className":27812},[1960],[1957,27814,27816],{"className":27815},[1964],[1966,27817,27818],{"xmlns":1968},[1970,27819,27820,27839],{},[1973,27821,27822,27824,27826,27832,27834,27836],{},[1976,27823,10469],{},[1980,27825,1986],{"stretchy":1985},[4667,27827,27828,27830],{},[1976,27829,10400],{},[1976,27831,2152],{},[1980,27833,2000],{"stretchy":1985},[1980,27835,2158],{},[1988,27837,27838],{},"20",[2002,27840,27841],{"encoding":2004},"c(e_H) = 20",[1957,27843,27845,27909],{"className":27844,"ariaHidden":1993},[2009],[1957,27846,27848,27851,27854,27857,27897,27900,27903,27906],{"className":27847},[2013],[1957,27849],{"className":27850,"style":2042},[2017],[1957,27852,10469],{"className":27853},[2022,2023],[1957,27855,1986],{"className":27856},[2046],[1957,27858,27860,27863],{"className":27859},[2022],[1957,27861,10400],{"className":27862},[2022,2023],[1957,27864,27866],{"className":27865},[2185],[1957,27867,27869,27889],{"className":27868},[2189,2190],[1957,27870,27872,27886],{"className":27871},[2194],[1957,27873,27875],{"className":27874,"style":4703},[2198],[1957,27876,27877,27880],{"style":4706},[1957,27878],{"className":27879,"style":2207},[2206],[1957,27881,27883],{"className":27882},[2211,2212,2213,2214],[1957,27884,2152],{"className":27885,"style":2218},[2022,2023,2214],[1957,27887,2235],{"className":27888},[2234],[1957,27890,27892],{"className":27891},[2194],[1957,27893,27895],{"className":27894,"style":4725},[2198],[1957,27896],{},[1957,27898,2000],{"className":27899},[2064],[1957,27901],{"className":27902,"style":2028},[2027],[1957,27904,2158],{"className":27905},[2032],[1957,27907],{"className":27908,"style":2028},[2027],[1957,27910,27912,27915],{"className":27911},[2013],[1957,27913],{"className":27914,"style":2260},[2017],[1957,27916,27838],{"className":27917},[2022],[1957,27919,27921,27949],{"className":27920},[1960],[1957,27922,27924],{"className":27923},[1964],[1966,27925,27926],{"xmlns":1968},[1970,27927,27928,27946],{},[1973,27929,27930,27932,27934,27940,27942,27944],{},[1976,27931,10469],{},[1980,27933,1986],{"stretchy":1985},[4667,27935,27936,27938],{},[1976,27937,10400],{},[1976,27939,2285],{},[1980,27941,2000],{"stretchy":1985},[1980,27943,2158],{},[1988,27945,1990],{},[2002,27947,27948],{"encoding":2004},"c(e_L) = 0",[1957,27950,27952,28016],{"className":27951,"ariaHidden":1993},[2009],[1957,27953,27955,27958,27961,27964,28004,28007,28010,28013],{"className":27954},[2013],[1957,27956],{"className":27957,"style":2042},[2017],[1957,27959,10469],{"className":27960},[2022,2023],[1957,27962,1986],{"className":27963},[2046],[1957,27965,27967,27970],{"className":27966},[2022],[1957,27968,10400],{"className":27969},[2022,2023],[1957,27971,27973],{"className":27972},[2185],[1957,27974,27976,27996],{"className":27975},[2189,2190],[1957,27977,27979,27993],{"className":27978},[2194],[1957,27980,27982],{"className":27981,"style":4703},[2198],[1957,27983,27984,27987],{"style":4706},[1957,27985],{"className":27986,"style":2207},[2206],[1957,27988,27990],{"className":27989},[2211,2212,2213,2214],[1957,27991,2285],{"className":27992},[2022,2023,2214],[1957,27994,2235],{"className":27995},[2234],[1957,27997,27999],{"className":27998},[2194],[1957,28000,28002],{"className":28001,"style":4725},[2198],[1957,28003],{},[1957,28005,2000],{"className":28006},[2064],[1957,28008],{"className":28009,"style":2028},[2027],[1957,28011,2158],{"className":28012},[2032],[1957,28014],{"className":28015,"style":2028},[2027],[1957,28017,28019,28022],{"className":28018},[2013],[1957,28020],{"className":28021,"style":2260},[2017],[1957,28023,1990],{"className":28024},[2022],[1808,28026,28027,28028,28155],{},"效用：",[1957,28029,28031,28058],{"className":28030},[1960],[1957,28032,28034],{"className":28033},[1964],[1966,28035,28036],{"xmlns":1968},[1970,28037,28038,28055],{},[1973,28039,28040,28042,28044,28046,28048,28050],{},[1976,28041,5221],{},[1980,28043,1986],{"stretchy":1985},[1976,28045,11006],{},[1980,28047,2000],{"stretchy":1985},[1980,28049,2158],{},[28051,28052,28053],"msqrt",{},[1976,28054,11006],{},[2002,28056,28057],{"encoding":2004},"u(w) = \\sqrt{w}",[1957,28059,28061,28088],{"className":28060,"ariaHidden":1993},[2009],[1957,28062,28064,28067,28070,28073,28076,28079,28082,28085],{"className":28063},[2013],[1957,28065],{"className":28066,"style":2042},[2017],[1957,28068,5221],{"className":28069},[2022,2023],[1957,28071,1986],{"className":28072},[2046],[1957,28074,11006],{"className":28075,"style":11119},[2022,2023],[1957,28077,2000],{"className":28078},[2064],[1957,28080],{"className":28081,"style":2028},[2027],[1957,28083,2158],{"className":28084},[2032],[1957,28086],{"className":28087,"style":2028},[2027],[1957,28089,28091,28095],{"className":28090},[2013],[1957,28092],{"className":28093,"style":28094},[2017],"height:1.04em;vertical-align:-0.2397em;",[1957,28096,28099],{"className":28097},[2022,28098],"sqrt",[1957,28100,28102,28146],{"className":28101},[2189,2190],[1957,28103,28105,28143],{"className":28104},[2194],[1957,28106,28109,28123],{"className":28107,"style":28108},[2198],"height:0.8003em;",[1957,28110,28113,28116],{"className":28111,"style":18287},[28112],"svg-align",[1957,28114],{"className":28115,"style":3653},[2206],[1957,28117,28120],{"className":28118,"style":28119},[2022],"padding-left:0.833em;",[1957,28121,11006],{"className":28122,"style":11119},[2022,2023],[1957,28124,28126,28129],{"style":28125},"top:-2.7603em;",[1957,28127],{"className":28128,"style":3653},[2206],[1957,28130,28134],{"className":28131,"style":28133},[28132],"hide-tail","min-width:0.853em;height:1.08em;",[6891,28135,28140],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},"400em","1.08em","0 0 400000 1080","xMinYMin slice",[6897,28141],{"d":28142},"M95,702\nc-2.7,0,-7.17,-2.7,-13.5,-8c-5.8,-5.3,-9.5,-10,-9.5,-14\nc0,-2,0.3,-3.3,1,-4c1.3,-2.7,23.83,-20.7,67.5,-54\nc44.2,-33.3,65.8,-50.3,66.5,-51c1.3,-1.3,3,-2,5,-2c4.7,0,8.7,3.3,12,10\ns173,378,173,378c0.7,0,35.3,-71,104,-213c68.7,-142,137.5,-285,206.5,-429\nc69,-144,104.5,-217.7,106.5,-221\nl0 -0\nc5.3,-9.3,12,-14,20,-14\nH400000v40H845.2724\ns-225.272,467,-225.272,467s-235,486,-235,486c-2.7,4.7,-9,7,-19,7\nc-6,0,-10,-1,-12,-3s-194,-422,-194,-422s-65,47,-65,47z\nM834 80h400000v40h-400000z",[1957,28144,2235],{"className":28145},[2234],[1957,28147,28149],{"className":28148},[2194],[1957,28150,28153],{"className":28151,"style":28152},[2198],"height:0.2397em;",[1957,28154],{},"（CRRA，风险规避系数为0.5）",[1808,28157,22306,28158],{},[1957,28159,28161,28184],{"className":28160},[1960],[1957,28162,28164],{"className":28163},[1964],[1966,28165,28166],{"xmlns":1968},[1970,28167,28168,28181],{},[1973,28169,28170,28176,28178],{},[6659,28171,28172,28174],{"accent":1993},[1976,28173,5321],{},[1980,28175,6665],{},[1980,28177,2158],{},[1988,28179,28180],{},"4",[2002,28182,28183],{"encoding":2004},"\\bar{U} = 4",[1957,28185,28187,28233],{"className":28186,"ariaHidden":1993},[2009],[1957,28188,28190,28193,28224,28227,28230],{"className":28189},[2013],[1957,28191],{"className":28192,"style":6956},[2017],[1957,28194,28196],{"className":28195},[2022,6946],[1957,28197,28199],{"className":28198},[2189],[1957,28200,28202],{"className":28201},[2194],[1957,28203,28205,28213],{"className":28204,"style":6956},[2198],[1957,28206,28207,28210],{"style":18287},[1957,28208],{"className":28209,"style":3653},[2206],[1957,28211,5321],{"className":28212,"style":5412},[2022,2023],[1957,28214,28215,28218],{"style":22359},[1957,28216],{"className":28217,"style":3653},[2206],[1957,28219,28221],{"className":28220,"style":6976},[6975],[1957,28222,6665],{"className":28223},[2022],[1957,28225],{"className":28226,"style":2028},[2027],[1957,28228,2158],{"className":28229},[2032],[1957,28231],{"className":28232,"style":2028},[2027],[1957,28234,28236,28239],{"className":28235},[2013],[1957,28237],{"className":28238,"style":2260},[2017],[1957,28240,28180],{"className":28241},[2022],[1798,28243,28244,1944],{},[1845,28245,28246],{},"第一最优（努力可观测）",[1805,28248,28249,28502],{},[1808,28250,28251,28252],{},"固定工资：",[1957,28253,28255,28305],{"className":28254},[1960],[1957,28256,28258],{"className":28257},[1964],[1966,28259,28260],{"xmlns":1968},[1970,28261,28262,28302],{},[1973,28263,28264,28276,28278,28280,28282,28284,28287,28297,28299],{},[28051,28265,28266],{},[2983,28267,28268,28270],{},[1976,28269,11006],{},[1973,28271,28272,28274],{},[1976,28273,22530],{},[1976,28275,22533],{},[1980,28277,2082],{},[1988,28279,27838],{},[1980,28281,2158],{},[1988,28283,28180],{},[1980,28285,28286],{},"⇒",[2983,28288,28289,28291],{},[1976,28290,11006],{},[1973,28292,28293,28295],{},[1976,28294,22530],{},[1976,28296,22533],{},[1980,28298,2158],{},[1988,28300,28301],{},"576",[2002,28303,28304],{"encoding":2004},"\\sqrt{w^{FB}} - 20 = 4 \\Rightarrow w^{FB} = 576",[1957,28306,28308,28407,28425,28443,28493],{"className":28307,"ariaHidden":1993},[2009],[1957,28309,28311,28315,28398,28401,28404],{"className":28310},[2013],[1957,28312],{"className":28313,"style":28314},[2017],"height:1.052em;vertical-align:-0.0833em;",[1957,28316,28318],{"className":28317},[2022,28098],[1957,28319,28321,28389],{"className":28320},[2189,2190],[1957,28322,28324,28386],{"className":28323},[2194],[1957,28325,28328,28373],{"className":28326,"style":28327},[2198],"height:0.9687em;",[1957,28329,28331,28334],{"className":28330,"style":18287},[28112],[1957,28332],{"className":28333,"style":3653},[2206],[1957,28335,28337],{"className":28336,"style":28119},[2022],[1957,28338,28340,28343],{"className":28339},[2022],[1957,28341,11006],{"className":28342,"style":11119},[2022,2023],[1957,28344,28346],{"className":28345},[2185],[1957,28347,28349],{"className":28348},[2189],[1957,28350,28352],{"className":28351},[2194],[1957,28353,28356],{"className":28354,"style":28355},[2198],"height:0.7673em;",[1957,28357,28358,28361],{"style":7106},[1957,28359],{"className":28360,"style":2207},[2206],[1957,28362,28364],{"className":28363},[2211,2212,2213,2214],[1957,28365,28367,28370],{"className":28366},[2022,2214],[1957,28368,22530],{"className":28369,"style":4997},[2022,2023,2214],[1957,28371,22533],{"className":28372,"style":22600},[2022,2023,2214],[1957,28374,28376,28379],{"style":28375},"top:-2.9287em;",[1957,28377],{"className":28378,"style":3653},[2206],[1957,28380,28382],{"className":28381,"style":28133},[28132],[6891,28383,28384],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,28385],{"d":28142},[1957,28387,2235],{"className":28388},[2234],[1957,28390,28392],{"className":28391},[2194],[1957,28393,28396],{"className":28394,"style":28395},[2198],"height:0.0713em;",[1957,28397],{},[1957,28399],{"className":28400,"style":2104},[2027],[1957,28402,2082],{"className":28403},[2108],[1957,28405],{"className":28406,"style":2104},[2027],[1957,28408,28410,28413,28416,28419,28422],{"className":28409},[2013],[1957,28411],{"className":28412,"style":2260},[2017],[1957,28414,27838],{"className":28415},[2022],[1957,28417],{"className":28418,"style":2028},[2027],[1957,28420,2158],{"className":28421},[2032],[1957,28423],{"className":28424,"style":2028},[2027],[1957,28426,28428,28431,28434,28437,28440],{"className":28427},[2013],[1957,28429],{"className":28430,"style":2260},[2017],[1957,28432,28180],{"className":28433},[2022],[1957,28435],{"className":28436,"style":2028},[2027],[1957,28438,28286],{"className":28439},[2032],[1957,28441],{"className":28442,"style":2028},[2027],[1957,28444,28446,28449,28484,28487,28490],{"className":28445},[2013],[1957,28447],{"className":28448,"style":22564},[2017],[1957,28450,28452,28455],{"className":28451},[2022],[1957,28453,11006],{"className":28454,"style":11119},[2022,2023],[1957,28456,28458],{"className":28457},[2185],[1957,28459,28461],{"className":28460},[2189],[1957,28462,28464],{"className":28463},[2194],[1957,28465,28467],{"className":28466,"style":22564},[2198],[1957,28468,28469,28472],{"style":2221},[1957,28470],{"className":28471,"style":2207},[2206],[1957,28473,28475],{"className":28474},[2211,2212,2213,2214],[1957,28476,28478,28481],{"className":28477},[2022,2214],[1957,28479,22530],{"className":28480,"style":4997},[2022,2023,2214],[1957,28482,22533],{"className":28483,"style":22600},[2022,2023,2214],[1957,28485],{"className":28486,"style":2028},[2027],[1957,28488,2158],{"className":28489},[2032],[1957,28491],{"className":28492,"style":2028},[2027],[1957,28494,28496,28499],{"className":28495},[2013],[1957,28497],{"className":28498,"style":2260},[2017],[1957,28500,28301],{"className":28501},[2022],[1808,28503,28504,28505,28695],{},"委托人收益：",[1957,28506,28508,28554],{"className":28507},[1960],[1957,28509,28511],{"className":28510},[1964],[1966,28512,28513],{"xmlns":1968},[1970,28514,28515,28551],{},[1973,28516,28517,28519,28521,28523,28525,28527,28529,28531,28533,28535,28537,28540,28542,28544,28546,28548],{},[1988,28518,27641],{},[1980,28520,15525],{},[1988,28522,14604],{},[1980,28524,3006],{},[1988,28526,27735],{},[1980,28528,15525],{},[1988,28530,1990],{},[1980,28532,2082],{},[1988,28534,28301],{},[1980,28536,2158],{},[1988,28538,28539],{},"80",[1980,28541,2082],{},[1988,28543,28301],{},[1980,28545,2158],{},[1980,28547,2082],{},[1988,28549,28550],{},"496",[2002,28552,28553],{"encoding":2004},"0.8 \\times 100 + 0.2 \\times 0 - 576 = 80 - 576 = -496",[1957,28555,28557,28575,28593,28611,28629,28647,28665,28683],{"className":28556,"ariaHidden":1993},[2009],[1957,28558,28560,28563,28566,28569,28572],{"className":28559},[2013],[1957,28561],{"className":28562,"style":2097},[2017],[1957,28564,27641],{"className":28565},[2022],[1957,28567],{"className":28568,"style":2104},[2027],[1957,28570,15525],{"className":28571},[2108],[1957,28573],{"className":28574,"style":2104},[2027],[1957,28576,28578,28581,28584,28587,28590],{"className":28577},[2013],[1957,28579],{"className":28580,"style":2097},[2017],[1957,28582,14604],{"className":28583},[2022],[1957,28585],{"className":28586,"style":2104},[2027],[1957,28588,3006],{"className":28589},[2108],[1957,28591],{"className":28592,"style":2104},[2027],[1957,28594,28596,28599,28602,28605,28608],{"className":28595},[2013],[1957,28597],{"className":28598,"style":2097},[2017],[1957,28600,27735],{"className":28601},[2022],[1957,28603],{"className":28604,"style":2104},[2027],[1957,28606,15525],{"className":28607},[2108],[1957,28609],{"className":28610,"style":2104},[2027],[1957,28612,28614,28617,28620,28623,28626],{"className":28613},[2013],[1957,28615],{"className":28616,"style":2097},[2017],[1957,28618,1990],{"className":28619},[2022],[1957,28621],{"className":28622,"style":2104},[2027],[1957,28624,2082],{"className":28625},[2108],[1957,28627],{"className":28628,"style":2104},[2027],[1957,28630,28632,28635,28638,28641,28644],{"className":28631},[2013],[1957,28633],{"className":28634,"style":2260},[2017],[1957,28636,28301],{"className":28637},[2022],[1957,28639],{"className":28640,"style":2028},[2027],[1957,28642,2158],{"className":28643},[2032],[1957,28645],{"className":28646,"style":2028},[2027],[1957,28648,28650,28653,28656,28659,28662],{"className":28649},[2013],[1957,28651],{"className":28652,"style":2097},[2017],[1957,28654,28539],{"className":28655},[2022],[1957,28657],{"className":28658,"style":2104},[2027],[1957,28660,2082],{"className":28661},[2108],[1957,28663],{"className":28664,"style":2104},[2027],[1957,28666,28668,28671,28674,28677,28680],{"className":28667},[2013],[1957,28669],{"className":28670,"style":2260},[2017],[1957,28672,28301],{"className":28673},[2022],[1957,28675],{"className":28676,"style":2028},[2027],[1957,28678,2158],{"className":28679},[2032],[1957,28681],{"className":28682,"style":2028},[2027],[1957,28684,28686,28689,28692],{"className":28685},[2013],[1957,28687],{"className":28688,"style":2097},[2017],[1957,28690,2082],{"className":28691},[2022],[1957,28693,28550],{"className":28694},[2022],"（不可行）",[1798,28697,28698],{},"改为要求低努力：",[1805,28700,28701,28867],{},[1808,28702,28703],{},[1957,28704,28706,28739],{"className":28705},[1960],[1957,28707,28709],{"className":28708},[1964],[1966,28710,28711],{"xmlns":1968},[1970,28712,28713,28736],{},[1973,28714,28715,28719,28721,28723,28725,28727,28729,28731,28733],{},[28051,28716,28717],{},[1976,28718,11006],{},[1980,28720,2082],{},[1988,28722,1990],{},[1980,28724,2158],{},[1988,28726,28180],{},[1980,28728,28286],{},[1976,28730,11006],{},[1980,28732,2158],{},[1988,28734,28735],{},"16",[2002,28737,28738],{"encoding":2004},"\\sqrt{w} - 0 = 4 \\Rightarrow w = 16",[1957,28740,28742,28804,28822,28840,28858],{"className":28741,"ariaHidden":1993},[2009],[1957,28743,28745,28748,28795,28798,28801],{"className":28744},[2013],[1957,28746],{"className":28747,"style":28094},[2017],[1957,28749,28751],{"className":28750},[2022,28098],[1957,28752,28754,28787],{"className":28753},[2189,2190],[1957,28755,28757,28784],{"className":28756},[2194],[1957,28758,28760,28772],{"className":28759,"style":28108},[2198],[1957,28761,28763,28766],{"className":28762,"style":18287},[28112],[1957,28764],{"className":28765,"style":3653},[2206],[1957,28767,28769],{"className":28768,"style":28119},[2022],[1957,28770,11006],{"className":28771,"style":11119},[2022,2023],[1957,28773,28774,28777],{"style":28125},[1957,28775],{"className":28776,"style":3653},[2206],[1957,28778,28780],{"className":28779,"style":28133},[28132],[6891,28781,28782],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,28783],{"d":28142},[1957,28785,2235],{"className":28786},[2234],[1957,28788,28790],{"className":28789},[2194],[1957,28791,28793],{"className":28792,"style":28152},[2198],[1957,28794],{},[1957,28796],{"className":28797,"style":2104},[2027],[1957,28799,2082],{"className":28800},[2108],[1957,28802],{"className":28803,"style":2104},[2027],[1957,28805,28807,28810,28813,28816,28819],{"className":28806},[2013],[1957,28808],{"className":28809,"style":2260},[2017],[1957,28811,1990],{"className":28812},[2022],[1957,28814],{"className":28815,"style":2028},[2027],[1957,28817,2158],{"className":28818},[2032],[1957,28820],{"className":28821,"style":2028},[2027],[1957,28823,28825,28828,28831,28834,28837],{"className":28824},[2013],[1957,28826],{"className":28827,"style":2260},[2017],[1957,28829,28180],{"className":28830},[2022],[1957,28832],{"className":28833,"style":2028},[2027],[1957,28835,28286],{"className":28836},[2032],[1957,28838],{"className":28839,"style":2028},[2027],[1957,28841,28843,28846,28849,28852,28855],{"className":28842},[2013],[1957,28844],{"className":28845,"style":5143},[2017],[1957,28847,11006],{"className":28848,"style":11119},[2022,2023],[1957,28850],{"className":28851,"style":2028},[2027],[1957,28853,2158],{"className":28854},[2032],[1957,28856],{"className":28857,"style":2028},[2027],[1957,28859,28861,28864],{"className":28860},[2013],[1957,28862],{"className":28863,"style":2260},[2017],[1957,28865,28735],{"className":28866},[2022],[1808,28868,28504,28869],{},[1957,28870,28872,28898],{"className":28871},[1960],[1957,28873,28875],{"className":28874},[1964],[1966,28876,28877],{"xmlns":1968},[1970,28878,28879,28895],{},[1973,28880,28881,28883,28885,28887,28889,28891,28893],{},[1988,28882,27735],{},[1980,28884,15525],{},[1988,28886,14604],{},[1980,28888,2082],{},[1988,28890,28735],{},[1980,28892,2158],{},[1988,28894,28180],{},[2002,28896,28897],{"encoding":2004},"0.2 \\times 100 - 16 = 4",[1957,28899,28901,28919,28937,28955],{"className":28900,"ariaHidden":1993},[2009],[1957,28902,28904,28907,28910,28913,28916],{"className":28903},[2013],[1957,28905],{"className":28906,"style":2097},[2017],[1957,28908,27735],{"className":28909},[2022],[1957,28911],{"className":28912,"style":2104},[2027],[1957,28914,15525],{"className":28915},[2108],[1957,28917],{"className":28918,"style":2104},[2027],[1957,28920,28922,28925,28928,28931,28934],{"className":28921},[2013],[1957,28923],{"className":28924,"style":2097},[2017],[1957,28926,14604],{"className":28927},[2022],[1957,28929],{"className":28930,"style":2104},[2027],[1957,28932,2082],{"className":28933},[2108],[1957,28935],{"className":28936,"style":2104},[2027],[1957,28938,28940,28943,28946,28949,28952],{"className":28939},[2013],[1957,28941],{"className":28942,"style":2260},[2017],[1957,28944,28735],{"className":28945},[2022],[1957,28947],{"className":28948,"style":2028},[2027],[1957,28950,2158],{"className":28951},[2032],[1957,28953],{"className":28954,"style":2028},[2027],[1957,28956,28958,28961],{"className":28957},[2013],[1957,28959],{"className":28960,"style":2260},[2017],[1957,28962,28180],{"className":28963},[2022],[1798,28965,28966,1944],{},[1845,28967,28968],{},"第二最优（努力不可观测）",[1798,28970,28971],{},"IC约束：",[1957,28973,28975],{"className":28974},[2962],[1957,28976,28978,29026],{"className":28977},[1960],[1957,28979,28981],{"className":28980},[1964],[1966,28982,28983],{"xmlns":1968,"display":2971},[1970,28984,28985,29023],{},[1973,28986,28987,28989,28991,28993,28995,28997,28999,29007,29009,29017,29019,29021],{},[1980,28988,1986],{"stretchy":1985},[1988,28990,27641],{},[1980,28992,2082],{},[1988,28994,27735],{},[1980,28996,2000],{"stretchy":1985},[1980,28998,2981],{"stretchy":1985},[28051,29000,29001],{},[4667,29002,29003,29005],{},[1976,29004,11006],{},[1976,29006,2152],{},[1980,29008,2082],{},[28051,29010,29011],{},[4667,29012,29013,29015],{},[1976,29014,11006],{},[1976,29016,2285],{},[1980,29018,2991],{"stretchy":1985},[1980,29020,4202],{},[1988,29022,27838],{},[2002,29024,29025],{"encoding":2004},"(0.8 - 0.2)[\\sqrt{w_H} - \\sqrt{w_L}] \\geq 20",[1957,29027,29029,29050,29162,29264],{"className":29028,"ariaHidden":1993},[2009],[1957,29030,29032,29035,29038,29041,29044,29047],{"className":29031},[2013],[1957,29033],{"className":29034,"style":2042},[2017],[1957,29036,1986],{"className":29037},[2046],[1957,29039,27641],{"className":29040},[2022],[1957,29042],{"className":29043,"style":2104},[2027],[1957,29045,2082],{"className":29046},[2108],[1957,29048],{"className":29049,"style":2104},[2027],[1957,29051,29053,29057,29060,29063,29066,29153,29156,29159],{"className":29052},[2013],[1957,29054],{"className":29055,"style":29056},[2017],"height:1.04em;vertical-align:-0.2658em;",[1957,29058,27735],{"className":29059},[2022],[1957,29061,2000],{"className":29062},[2064],[1957,29064,2981],{"className":29065},[2046],[1957,29067,29069],{"className":29068},[2022,28098],[1957,29070,29072,29144],{"className":29071},[2189,2190],[1957,29073,29075,29141],{"className":29074},[2194],[1957,29076,29079,29128],{"className":29077,"style":29078},[2198],"height:0.7742em;",[1957,29080,29082,29085],{"className":29081,"style":18287},[28112],[1957,29083],{"className":29084,"style":3653},[2206],[1957,29086,29088],{"className":29087,"style":28119},[2022],[1957,29089,29091,29094],{"className":29090},[2022],[1957,29092,11006],{"className":29093,"style":11119},[2022,2023],[1957,29095,29097],{"className":29096},[2185],[1957,29098,29100,29120],{"className":29099},[2189,2190],[1957,29101,29103,29117],{"className":29102},[2194],[1957,29104,29106],{"className":29105,"style":4703},[2198],[1957,29107,29108,29111],{"style":24687},[1957,29109],{"className":29110,"style":2207},[2206],[1957,29112,29114],{"className":29113},[2211,2212,2213,2214],[1957,29115,2152],{"className":29116,"style":2218},[2022,2023,2214],[1957,29118,2235],{"className":29119},[2234],[1957,29121,29123],{"className":29122},[2194],[1957,29124,29126],{"className":29125,"style":4725},[2198],[1957,29127],{},[1957,29129,29131,29134],{"style":29130},"top:-2.7342em;",[1957,29132],{"className":29133,"style":3653},[2206],[1957,29135,29137],{"className":29136,"style":28133},[28132],[6891,29138,29139],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,29140],{"d":28142},[1957,29142,2235],{"className":29143},[2234],[1957,29145,29147],{"className":29146},[2194],[1957,29148,29151],{"className":29149,"style":29150},[2198],"height:0.2658em;",[1957,29152],{},[1957,29154],{"className":29155,"style":2104},[2027],[1957,29157,2082],{"className":29158},[2108],[1957,29160],{"className":29161,"style":2104},[2027],[1957,29163,29165,29168,29252,29255,29258,29261],{"className":29164},[2013],[1957,29166],{"className":29167,"style":29056},[2017],[1957,29169,29171],{"className":29170},[2022,28098],[1957,29172,29174,29244],{"className":29173},[2189,2190],[1957,29175,29177,29241],{"className":29176},[2194],[1957,29178,29180,29229],{"className":29179,"style":29078},[2198],[1957,29181,29183,29186],{"className":29182,"style":18287},[28112],[1957,29184],{"className":29185,"style":3653},[2206],[1957,29187,29189],{"className":29188,"style":28119},[2022],[1957,29190,29192,29195],{"className":29191},[2022],[1957,29193,11006],{"className":29194,"style":11119},[2022,2023],[1957,29196,29198],{"className":29197},[2185],[1957,29199,29201,29221],{"className":29200},[2189,2190],[1957,29202,29204,29218],{"className":29203},[2194],[1957,29205,29207],{"className":29206,"style":4703},[2198],[1957,29208,29209,29212],{"style":24687},[1957,29210],{"className":29211,"style":2207},[2206],[1957,29213,29215],{"className":29214},[2211,2212,2213,2214],[1957,29216,2285],{"className":29217},[2022,2023,2214],[1957,29219,2235],{"className":29220},[2234],[1957,29222,29224],{"className":29223},[2194],[1957,29225,29227],{"className":29226,"style":4725},[2198],[1957,29228],{},[1957,29230,29231,29234],{"style":29130},[1957,29232],{"className":29233,"style":3653},[2206],[1957,29235,29237],{"className":29236,"style":28133},[28132],[6891,29238,29239],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,29240],{"d":28142},[1957,29242,2235],{"className":29243},[2234],[1957,29245,29247],{"className":29246},[2194],[1957,29248,29250],{"className":29249,"style":29150},[2198],[1957,29251],{},[1957,29253,2991],{"className":29254},[2064],[1957,29256],{"className":29257,"style":2028},[2027],[1957,29259,4202],{"className":29260},[2032],[1957,29262],{"className":29263,"style":2028},[2027],[1957,29265,29267,29270],{"className":29266},[2013],[1957,29268],{"className":29269,"style":2260},[2017],[1957,29271,27838],{"className":29272},[2022],[1957,29274,29276],{"className":29275},[2962],[1957,29277,29279,29314],{"className":29278},[1960],[1957,29280,29282],{"className":29281},[1964],[1966,29283,29284],{"xmlns":1968,"display":2971},[1970,29285,29286,29311],{},[1973,29287,29288,29296,29298,29306,29308],{},[28051,29289,29290],{},[4667,29291,29292,29294],{},[1976,29293,11006],{},[1976,29295,2152],{},[1980,29297,2082],{},[28051,29299,29300],{},[4667,29301,29302,29304],{},[1976,29303,11006],{},[1976,29305,2285],{},[1980,29307,4202],{},[1988,29309,29310],{},"33.33",[2002,29312,29313],{"encoding":2004},"\\sqrt{w_H} - \\sqrt{w_L} \\geq 33.33",[1957,29315,29317,29416,29515],{"className":29316,"ariaHidden":1993},[2009],[1957,29318,29320,29323,29407,29410,29413],{"className":29319},[2013],[1957,29321],{"className":29322,"style":29056},[2017],[1957,29324,29326],{"className":29325},[2022,28098],[1957,29327,29329,29399],{"className":29328},[2189,2190],[1957,29330,29332,29396],{"className":29331},[2194],[1957,29333,29335,29384],{"className":29334,"style":29078},[2198],[1957,29336,29338,29341],{"className":29337,"style":18287},[28112],[1957,29339],{"className":29340,"style":3653},[2206],[1957,29342,29344],{"className":29343,"style":28119},[2022],[1957,29345,29347,29350],{"className":29346},[2022],[1957,29348,11006],{"className":29349,"style":11119},[2022,2023],[1957,29351,29353],{"className":29352},[2185],[1957,29354,29356,29376],{"className":29355},[2189,2190],[1957,29357,29359,29373],{"className":29358},[2194],[1957,29360,29362],{"className":29361,"style":4703},[2198],[1957,29363,29364,29367],{"style":24687},[1957,29365],{"className":29366,"style":2207},[2206],[1957,29368,29370],{"className":29369},[2211,2212,2213,2214],[1957,29371,2152],{"className":29372,"style":2218},[2022,2023,2214],[1957,29374,2235],{"className":29375},[2234],[1957,29377,29379],{"className":29378},[2194],[1957,29380,29382],{"className":29381,"style":4725},[2198],[1957,29383],{},[1957,29385,29386,29389],{"style":29130},[1957,29387],{"className":29388,"style":3653},[2206],[1957,29390,29392],{"className":29391,"style":28133},[28132],[6891,29393,29394],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,29395],{"d":28142},[1957,29397,2235],{"className":29398},[2234],[1957,29400,29402],{"className":29401},[2194],[1957,29403,29405],{"className":29404,"style":29150},[2198],[1957,29406],{},[1957,29408],{"className":29409,"style":2104},[2027],[1957,29411,2082],{"className":29412},[2108],[1957,29414],{"className":29415,"style":2104},[2027],[1957,29417,29419,29422,29506,29509,29512],{"className":29418},[2013],[1957,29420],{"className":29421,"style":29056},[2017],[1957,29423,29425],{"className":29424},[2022,28098],[1957,29426,29428,29498],{"className":29427},[2189,2190],[1957,29429,29431,29495],{"className":29430},[2194],[1957,29432,29434,29483],{"className":29433,"style":29078},[2198],[1957,29435,29437,29440],{"className":29436,"style":18287},[28112],[1957,29438],{"className":29439,"style":3653},[2206],[1957,29441,29443],{"className":29442,"style":28119},[2022],[1957,29444,29446,29449],{"className":29445},[2022],[1957,29447,11006],{"className":29448,"style":11119},[2022,2023],[1957,29450,29452],{"className":29451},[2185],[1957,29453,29455,29475],{"className":29454},[2189,2190],[1957,29456,29458,29472],{"className":29457},[2194],[1957,29459,29461],{"className":29460,"style":4703},[2198],[1957,29462,29463,29466],{"style":24687},[1957,29464],{"className":29465,"style":2207},[2206],[1957,29467,29469],{"className":29468},[2211,2212,2213,2214],[1957,29470,2285],{"className":29471},[2022,2023,2214],[1957,29473,2235],{"className":29474},[2234],[1957,29476,29478],{"className":29477},[2194],[1957,29479,29481],{"className":29480,"style":4725},[2198],[1957,29482],{},[1957,29484,29485,29488],{"style":29130},[1957,29486],{"className":29487,"style":3653},[2206],[1957,29489,29491],{"className":29490,"style":28133},[28132],[6891,29492,29493],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,29494],{"d":28142},[1957,29496,2235],{"className":29497},[2234],[1957,29499,29501],{"className":29500},[2194],[1957,29502,29504],{"className":29503,"style":29150},[2198],[1957,29505],{},[1957,29507],{"className":29508,"style":2028},[2027],[1957,29510,4202],{"className":29511},[2032],[1957,29513],{"className":29514,"style":2028},[2027],[1957,29516,29518,29521],{"className":29517},[2013],[1957,29519],{"className":29520,"style":2260},[2017],[1957,29522,29310],{"className":29523},[2022],[1798,29525,29526],{},"PC约束：",[1957,29528,29530],{"className":29529},[2962],[1957,29531,29533,29575],{"className":29532},[1960],[1957,29534,29536],{"className":29535},[1964],[1966,29537,29538],{"xmlns":1968,"display":2971},[1970,29539,29540,29572],{},[1973,29541,29542,29544,29552,29554,29556,29564,29566,29568,29570],{},[1988,29543,27641],{},[28051,29545,29546],{},[4667,29547,29548,29550],{},[1976,29549,11006],{},[1976,29551,2152],{},[1980,29553,3006],{},[1988,29555,27735],{},[28051,29557,29558],{},[4667,29559,29560,29562],{},[1976,29561,11006],{},[1976,29563,2285],{},[1980,29565,2082],{},[1988,29567,27838],{},[1980,29569,2158],{},[1988,29571,28180],{},[2002,29573,29574],{"encoding":2004},"0.8\\sqrt{w_H} + 0.2\\sqrt{w_L} - 20 = 4",[1957,29576,29578,29680,29782,29800],{"className":29577,"ariaHidden":1993},[2009],[1957,29579,29581,29584,29587,29671,29674,29677],{"className":29580},[2013],[1957,29582],{"className":29583,"style":29056},[2017],[1957,29585,27641],{"className":29586},[2022],[1957,29588,29590],{"className":29589},[2022,28098],[1957,29591,29593,29663],{"className":29592},[2189,2190],[1957,29594,29596,29660],{"className":29595},[2194],[1957,29597,29599,29648],{"className":29598,"style":29078},[2198],[1957,29600,29602,29605],{"className":29601,"style":18287},[28112],[1957,29603],{"className":29604,"style":3653},[2206],[1957,29606,29608],{"className":29607,"style":28119},[2022],[1957,29609,29611,29614],{"className":29610},[2022],[1957,29612,11006],{"className":29613,"style":11119},[2022,2023],[1957,29615,29617],{"className":29616},[2185],[1957,29618,29620,29640],{"className":29619},[2189,2190],[1957,29621,29623,29637],{"className":29622},[2194],[1957,29624,29626],{"className":29625,"style":4703},[2198],[1957,29627,29628,29631],{"style":24687},[1957,29629],{"className":29630,"style":2207},[2206],[1957,29632,29634],{"className":29633},[2211,2212,2213,2214],[1957,29635,2152],{"className":29636,"style":2218},[2022,2023,2214],[1957,29638,2235],{"className":29639},[2234],[1957,29641,29643],{"className":29642},[2194],[1957,29644,29646],{"className":29645,"style":4725},[2198],[1957,29647],{},[1957,29649,29650,29653],{"style":29130},[1957,29651],{"className":29652,"style":3653},[2206],[1957,29654,29656],{"className":29655,"style":28133},[28132],[6891,29657,29658],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,29659],{"d":28142},[1957,29661,2235],{"className":29662},[2234],[1957,29664,29666],{"className":29665},[2194],[1957,29667,29669],{"className":29668,"style":29150},[2198],[1957,29670],{},[1957,29672],{"className":29673,"style":2104},[2027],[1957,29675,3006],{"className":29676},[2108],[1957,29678],{"className":29679,"style":2104},[2027],[1957,29681,29683,29686,29689,29773,29776,29779],{"className":29682},[2013],[1957,29684],{"className":29685,"style":29056},[2017],[1957,29687,27735],{"className":29688},[2022],[1957,29690,29692],{"className":29691},[2022,28098],[1957,29693,29695,29765],{"className":29694},[2189,2190],[1957,29696,29698,29762],{"className":29697},[2194],[1957,29699,29701,29750],{"className":29700,"style":29078},[2198],[1957,29702,29704,29707],{"className":29703,"style":18287},[28112],[1957,29705],{"className":29706,"style":3653},[2206],[1957,29708,29710],{"className":29709,"style":28119},[2022],[1957,29711,29713,29716],{"className":29712},[2022],[1957,29714,11006],{"className":29715,"style":11119},[2022,2023],[1957,29717,29719],{"className":29718},[2185],[1957,29720,29722,29742],{"className":29721},[2189,2190],[1957,29723,29725,29739],{"className":29724},[2194],[1957,29726,29728],{"className":29727,"style":4703},[2198],[1957,29729,29730,29733],{"style":24687},[1957,29731],{"className":29732,"style":2207},[2206],[1957,29734,29736],{"className":29735},[2211,2212,2213,2214],[1957,29737,2285],{"className":29738},[2022,2023,2214],[1957,29740,2235],{"className":29741},[2234],[1957,29743,29745],{"className":29744},[2194],[1957,29746,29748],{"className":29747,"style":4725},[2198],[1957,29749],{},[1957,29751,29752,29755],{"style":29130},[1957,29753],{"className":29754,"style":3653},[2206],[1957,29756,29758],{"className":29757,"style":28133},[28132],[6891,29759,29760],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,29761],{"d":28142},[1957,29763,2235],{"className":29764},[2234],[1957,29766,29768],{"className":29767},[2194],[1957,29769,29771],{"className":29770,"style":29150},[2198],[1957,29772],{},[1957,29774],{"className":29775,"style":2104},[2027],[1957,29777,2082],{"className":29778},[2108],[1957,29780],{"className":29781,"style":2104},[2027],[1957,29783,29785,29788,29791,29794,29797],{"className":29784},[2013],[1957,29786],{"className":29787,"style":2260},[2017],[1957,29789,27838],{"className":29790},[2022],[1957,29792],{"className":29793,"style":2028},[2027],[1957,29795,2158],{"className":29796},[2032],[1957,29798],{"className":29799,"style":2028},[2027],[1957,29801,29803,29806],{"className":29802},[2013],[1957,29804],{"className":29805,"style":2260},[2017],[1957,29807,28180],{"className":29808},[2022],[1957,29810,29812],{"className":29811},[2962],[1957,29813,29815,29854],{"className":29814},[1960],[1957,29816,29818],{"className":29817},[1964],[1966,29819,29820],{"xmlns":1968,"display":2971},[1970,29821,29822,29851],{},[1973,29823,29824,29826,29834,29836,29838,29846,29848],{},[1988,29825,27641],{},[28051,29827,29828],{},[4667,29829,29830,29832],{},[1976,29831,11006],{},[1976,29833,2152],{},[1980,29835,3006],{},[1988,29837,27735],{},[28051,29839,29840],{},[4667,29841,29842,29844],{},[1976,29843,11006],{},[1976,29845,2285],{},[1980,29847,2158],{},[1988,29849,29850],{},"24",[2002,29852,29853],{"encoding":2004},"0.8\\sqrt{w_H} + 0.2\\sqrt{w_L} = 24",[1957,29855,29857,29959,30061],{"className":29856,"ariaHidden":1993},[2009],[1957,29858,29860,29863,29866,29950,29953,29956],{"className":29859},[2013],[1957,29861],{"className":29862,"style":29056},[2017],[1957,29864,27641],{"className":29865},[2022],[1957,29867,29869],{"className":29868},[2022,28098],[1957,29870,29872,29942],{"className":29871},[2189,2190],[1957,29873,29875,29939],{"className":29874},[2194],[1957,29876,29878,29927],{"className":29877,"style":29078},[2198],[1957,29879,29881,29884],{"className":29880,"style":18287},[28112],[1957,29882],{"className":29883,"style":3653},[2206],[1957,29885,29887],{"className":29886,"style":28119},[2022],[1957,29888,29890,29893],{"className":29889},[2022],[1957,29891,11006],{"className":29892,"style":11119},[2022,2023],[1957,29894,29896],{"className":29895},[2185],[1957,29897,29899,29919],{"className":29898},[2189,2190],[1957,29900,29902,29916],{"className":29901},[2194],[1957,29903,29905],{"className":29904,"style":4703},[2198],[1957,29906,29907,29910],{"style":24687},[1957,29908],{"className":29909,"style":2207},[2206],[1957,29911,29913],{"className":29912},[2211,2212,2213,2214],[1957,29914,2152],{"className":29915,"style":2218},[2022,2023,2214],[1957,29917,2235],{"className":29918},[2234],[1957,29920,29922],{"className":29921},[2194],[1957,29923,29925],{"className":29924,"style":4725},[2198],[1957,29926],{},[1957,29928,29929,29932],{"style":29130},[1957,29930],{"className":29931,"style":3653},[2206],[1957,29933,29935],{"className":29934,"style":28133},[28132],[6891,29936,29937],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,29938],{"d":28142},[1957,29940,2235],{"className":29941},[2234],[1957,29943,29945],{"className":29944},[2194],[1957,29946,29948],{"className":29947,"style":29150},[2198],[1957,29949],{},[1957,29951],{"className":29952,"style":2104},[2027],[1957,29954,3006],{"className":29955},[2108],[1957,29957],{"className":29958,"style":2104},[2027],[1957,29960,29962,29965,29968,30052,30055,30058],{"className":29961},[2013],[1957,29963],{"className":29964,"style":29056},[2017],[1957,29966,27735],{"className":29967},[2022],[1957,29969,29971],{"className":29970},[2022,28098],[1957,29972,29974,30044],{"className":29973},[2189,2190],[1957,29975,29977,30041],{"className":29976},[2194],[1957,29978,29980,30029],{"className":29979,"style":29078},[2198],[1957,29981,29983,29986],{"className":29982,"style":18287},[28112],[1957,29984],{"className":29985,"style":3653},[2206],[1957,29987,29989],{"className":29988,"style":28119},[2022],[1957,29990,29992,29995],{"className":29991},[2022],[1957,29993,11006],{"className":29994,"style":11119},[2022,2023],[1957,29996,29998],{"className":29997},[2185],[1957,29999,30001,30021],{"className":30000},[2189,2190],[1957,30002,30004,30018],{"className":30003},[2194],[1957,30005,30007],{"className":30006,"style":4703},[2198],[1957,30008,30009,30012],{"style":24687},[1957,30010],{"className":30011,"style":2207},[2206],[1957,30013,30015],{"className":30014},[2211,2212,2213,2214],[1957,30016,2285],{"className":30017},[2022,2023,2214],[1957,30019,2235],{"className":30020},[2234],[1957,30022,30024],{"className":30023},[2194],[1957,30025,30027],{"className":30026,"style":4725},[2198],[1957,30028],{},[1957,30030,30031,30034],{"style":29130},[1957,30032],{"className":30033,"style":3653},[2206],[1957,30035,30037],{"className":30036,"style":28133},[28132],[6891,30038,30039],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,30040],{"d":28142},[1957,30042,2235],{"className":30043},[2234],[1957,30045,30047],{"className":30046},[2194],[1957,30048,30050],{"className":30049,"style":29150},[2198],[1957,30051],{},[1957,30053],{"className":30054,"style":2028},[2027],[1957,30056,2158],{"className":30057},[2032],[1957,30059],{"className":30060,"style":2028},[2027],[1957,30062,30064,30067],{"className":30063},[2013],[1957,30065],{"className":30066,"style":2260},[2017],[1957,30068,29850],{"className":30069},[2022],[1798,30071,30072],{},"求解（假设IC紧）：",[1805,30074,30075,30328,30621],{},[1808,30076,30077],{},[1957,30078,30080,30114],{"className":30079},[1960],[1957,30081,30083],{"className":30082},[1964],[1966,30084,30085],{"xmlns":1968},[1970,30086,30087,30111],{},[1973,30088,30089,30097,30099,30101,30103],{},[28051,30090,30091],{},[4667,30092,30093,30095],{},[1976,30094,11006],{},[1976,30096,2152],{},[1980,30098,2158],{},[1988,30100,29310],{},[1980,30102,3006],{},[28051,30104,30105],{},[4667,30106,30107,30109],{},[1976,30108,11006],{},[1976,30110,2285],{},[2002,30112,30113],{"encoding":2004},"\\sqrt{w_H} = 33.33 + \\sqrt{w_L}",[1957,30115,30117,30220,30238],{"className":30116,"ariaHidden":1993},[2009],[1957,30118,30120,30124,30211,30214,30217],{"className":30119},[2013],[1957,30121],{"className":30122,"style":30123},[2017],"height:1.04em;vertical-align:-0.3147em;",[1957,30125,30127],{"className":30126},[2022,28098],[1957,30128,30130,30202],{"className":30129},[2189,2190],[1957,30131,30133,30199],{"className":30132},[2194],[1957,30134,30137,30186],{"className":30135,"style":30136},[2198],"height:0.7253em;",[1957,30138,30140,30143],{"className":30139,"style":18287},[28112],[1957,30141],{"className":30142,"style":3653},[2206],[1957,30144,30146],{"className":30145,"style":28119},[2022],[1957,30147,30149,30152],{"className":30148},[2022],[1957,30150,11006],{"className":30151,"style":11119},[2022,2023],[1957,30153,30155],{"className":30154},[2185],[1957,30156,30158,30178],{"className":30157},[2189,2190],[1957,30159,30161,30175],{"className":30160},[2194],[1957,30162,30164],{"className":30163,"style":4703},[2198],[1957,30165,30166,30169],{"style":24687},[1957,30167],{"className":30168,"style":2207},[2206],[1957,30170,30172],{"className":30171},[2211,2212,2213,2214],[1957,30173,2152],{"className":30174,"style":2218},[2022,2023,2214],[1957,30176,2235],{"className":30177},[2234],[1957,30179,30181],{"className":30180},[2194],[1957,30182,30184],{"className":30183,"style":4725},[2198],[1957,30185],{},[1957,30187,30189,30192],{"style":30188},"top:-2.6853em;",[1957,30190],{"className":30191,"style":3653},[2206],[1957,30193,30195],{"className":30194,"style":28133},[28132],[6891,30196,30197],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,30198],{"d":28142},[1957,30200,2235],{"className":30201},[2234],[1957,30203,30205],{"className":30204},[2194],[1957,30206,30209],{"className":30207,"style":30208},[2198],"height:0.3147em;",[1957,30210],{},[1957,30212],{"className":30213,"style":2028},[2027],[1957,30215,2158],{"className":30216},[2032],[1957,30218],{"className":30219,"style":2028},[2027],[1957,30221,30223,30226,30229,30232,30235],{"className":30222},[2013],[1957,30224],{"className":30225,"style":2097},[2017],[1957,30227,29310],{"className":30228},[2022],[1957,30230],{"className":30231,"style":2104},[2027],[1957,30233,3006],{"className":30234},[2108],[1957,30236],{"className":30237,"style":2104},[2027],[1957,30239,30241,30244],{"className":30240},[2013],[1957,30242],{"className":30243,"style":30123},[2017],[1957,30245,30247],{"className":30246},[2022,28098],[1957,30248,30250,30320],{"className":30249},[2189,2190],[1957,30251,30253,30317],{"className":30252},[2194],[1957,30254,30256,30305],{"className":30255,"style":30136},[2198],[1957,30257,30259,30262],{"className":30258,"style":18287},[28112],[1957,30260],{"className":30261,"style":3653},[2206],[1957,30263,30265],{"className":30264,"style":28119},[2022],[1957,30266,30268,30271],{"className":30267},[2022],[1957,30269,11006],{"className":30270,"style":11119},[2022,2023],[1957,30272,30274],{"className":30273},[2185],[1957,30275,30277,30297],{"className":30276},[2189,2190],[1957,30278,30280,30294],{"className":30279},[2194],[1957,30281,30283],{"className":30282,"style":4703},[2198],[1957,30284,30285,30288],{"style":24687},[1957,30286],{"className":30287,"style":2207},[2206],[1957,30289,30291],{"className":30290},[2211,2212,2213,2214],[1957,30292,2285],{"className":30293},[2022,2023,2214],[1957,30295,2235],{"className":30296},[2234],[1957,30298,30300],{"className":30299},[2194],[1957,30301,30303],{"className":30302,"style":4725},[2198],[1957,30304],{},[1957,30306,30307,30310],{"style":30188},[1957,30308],{"className":30309,"style":3653},[2206],[1957,30311,30313],{"className":30312,"style":28133},[28132],[6891,30314,30315],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,30316],{"d":28142},[1957,30318,2235],{"className":30319},[2234],[1957,30321,30323],{"className":30322},[2194],[1957,30324,30326],{"className":30325,"style":30208},[2198],[1957,30327],{},[1808,30329,30330,30331],{},"代入PC：",[1957,30332,30334,30380],{"className":30333},[1960],[1957,30335,30337],{"className":30336},[1964],[1966,30338,30339],{"xmlns":1968},[1970,30340,30341,30377],{},[1973,30342,30343,30345,30347,30349,30351,30359,30361,30363,30365,30373,30375],{},[1988,30344,27641],{},[1980,30346,1986],{"stretchy":1985},[1988,30348,29310],{},[1980,30350,3006],{},[28051,30352,30353],{},[4667,30354,30355,30357],{},[1976,30356,11006],{},[1976,30358,2285],{},[1980,30360,2000],{"stretchy":1985},[1980,30362,3006],{},[1988,30364,27735],{},[28051,30366,30367],{},[4667,30368,30369,30371],{},[1976,30370,11006],{},[1976,30372,2285],{},[1980,30374,2158],{},[1988,30376,29850],{},[2002,30378,30379],{"encoding":2004},"0.8(33.33 + \\sqrt{w_L}) + 0.2\\sqrt{w_L} = 24",[1957,30381,30383,30407,30510,30612],{"className":30382,"ariaHidden":1993},[2009],[1957,30384,30386,30389,30392,30395,30398,30401,30404],{"className":30385},[2013],[1957,30387],{"className":30388,"style":2042},[2017],[1957,30390,27641],{"className":30391},[2022],[1957,30393,1986],{"className":30394},[2046],[1957,30396,29310],{"className":30397},[2022],[1957,30399],{"className":30400,"style":2104},[2027],[1957,30402,3006],{"className":30403},[2108],[1957,30405],{"className":30406,"style":2104},[2027],[1957,30408,30410,30414,30498,30501,30504,30507],{"className":30409},[2013],[1957,30411],{"className":30412,"style":30413},[2017],"height:1.0647em;vertical-align:-0.3147em;",[1957,30415,30417],{"className":30416},[2022,28098],[1957,30418,30420,30490],{"className":30419},[2189,2190],[1957,30421,30423,30487],{"className":30422},[2194],[1957,30424,30426,30475],{"className":30425,"style":30136},[2198],[1957,30427,30429,30432],{"className":30428,"style":18287},[28112],[1957,30430],{"className":30431,"style":3653},[2206],[1957,30433,30435],{"className":30434,"style":28119},[2022],[1957,30436,30438,30441],{"className":30437},[2022],[1957,30439,11006],{"className":30440,"style":11119},[2022,2023],[1957,30442,30444],{"className":30443},[2185],[1957,30445,30447,30467],{"className":30446},[2189,2190],[1957,30448,30450,30464],{"className":30449},[2194],[1957,30451,30453],{"className":30452,"style":4703},[2198],[1957,30454,30455,30458],{"style":24687},[1957,30456],{"className":30457,"style":2207},[2206],[1957,30459,30461],{"className":30460},[2211,2212,2213,2214],[1957,30462,2285],{"className":30463},[2022,2023,2214],[1957,30465,2235],{"className":30466},[2234],[1957,30468,30470],{"className":30469},[2194],[1957,30471,30473],{"className":30472,"style":4725},[2198],[1957,30474],{},[1957,30476,30477,30480],{"style":30188},[1957,30478],{"className":30479,"style":3653},[2206],[1957,30481,30483],{"className":30482,"style":28133},[28132],[6891,30484,30485],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,30486],{"d":28142},[1957,30488,2235],{"className":30489},[2234],[1957,30491,30493],{"className":30492},[2194],[1957,30494,30496],{"className":30495,"style":30208},[2198],[1957,30497],{},[1957,30499,2000],{"className":30500},[2064],[1957,30502],{"className":30503,"style":2104},[2027],[1957,30505,3006],{"className":30506},[2108],[1957,30508],{"className":30509,"style":2104},[2027],[1957,30511,30513,30516,30519,30603,30606,30609],{"className":30512},[2013],[1957,30514],{"className":30515,"style":30123},[2017],[1957,30517,27735],{"className":30518},[2022],[1957,30520,30522],{"className":30521},[2022,28098],[1957,30523,30525,30595],{"className":30524},[2189,2190],[1957,30526,30528,30592],{"className":30527},[2194],[1957,30529,30531,30580],{"className":30530,"style":30136},[2198],[1957,30532,30534,30537],{"className":30533,"style":18287},[28112],[1957,30535],{"className":30536,"style":3653},[2206],[1957,30538,30540],{"className":30539,"style":28119},[2022],[1957,30541,30543,30546],{"className":30542},[2022],[1957,30544,11006],{"className":30545,"style":11119},[2022,2023],[1957,30547,30549],{"className":30548},[2185],[1957,30550,30552,30572],{"className":30551},[2189,2190],[1957,30553,30555,30569],{"className":30554},[2194],[1957,30556,30558],{"className":30557,"style":4703},[2198],[1957,30559,30560,30563],{"style":24687},[1957,30561],{"className":30562,"style":2207},[2206],[1957,30564,30566],{"className":30565},[2211,2212,2213,2214],[1957,30567,2285],{"className":30568},[2022,2023,2214],[1957,30570,2235],{"className":30571},[2234],[1957,30573,30575],{"className":30574},[2194],[1957,30576,30578],{"className":30577,"style":4725},[2198],[1957,30579],{},[1957,30581,30582,30585],{"style":30188},[1957,30583],{"className":30584,"style":3653},[2206],[1957,30586,30588],{"className":30587,"style":28133},[28132],[6891,30589,30590],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,30591],{"d":28142},[1957,30593,2235],{"className":30594},[2234],[1957,30596,30598],{"className":30597},[2194],[1957,30599,30601],{"className":30600,"style":30208},[2198],[1957,30602],{},[1957,30604],{"className":30605,"style":2028},[2027],[1957,30607,2158],{"className":30608},[2032],[1957,30610],{"className":30611,"style":2028},[2027],[1957,30613,30615,30618],{"className":30614},[2013],[1957,30616],{"className":30617,"style":2260},[2017],[1957,30619,29850],{"className":30620},[2022],[1808,30622,30623,30903],{},[1957,30624,30626,30669],{"className":30625},[1960],[1957,30627,30629],{"className":30628},[1964],[1966,30630,30631],{"xmlns":1968},[1970,30632,30633,30666],{},[1973,30634,30635,30638,30640,30642,30650,30652,30654,30662,30664],{},[1988,30636,30637],{},"26.66",[1980,30639,3006],{},[1988,30641,27641],{},[28051,30643,30644],{},[4667,30645,30646,30648],{},[1976,30647,11006],{},[1976,30649,2285],{},[1980,30651,3006],{},[1988,30653,27735],{},[28051,30655,30656],{},[4667,30657,30658,30660],{},[1976,30659,11006],{},[1976,30661,2285],{},[1980,30663,2158],{},[1988,30665,29850],{},[2002,30667,30668],{"encoding":2004},"26.66 + 0.8\\sqrt{w_L} + 0.2\\sqrt{w_L} = 24",[1957,30670,30672,30690,30792,30894],{"className":30671,"ariaHidden":1993},[2009],[1957,30673,30675,30678,30681,30684,30687],{"className":30674},[2013],[1957,30676],{"className":30677,"style":2097},[2017],[1957,30679,30637],{"className":30680},[2022],[1957,30682],{"className":30683,"style":2104},[2027],[1957,30685,3006],{"className":30686},[2108],[1957,30688],{"className":30689,"style":2104},[2027],[1957,30691,30693,30696,30699,30783,30786,30789],{"className":30692},[2013],[1957,30694],{"className":30695,"style":30123},[2017],[1957,30697,27641],{"className":30698},[2022],[1957,30700,30702],{"className":30701},[2022,28098],[1957,30703,30705,30775],{"className":30704},[2189,2190],[1957,30706,30708,30772],{"className":30707},[2194],[1957,30709,30711,30760],{"className":30710,"style":30136},[2198],[1957,30712,30714,30717],{"className":30713,"style":18287},[28112],[1957,30715],{"className":30716,"style":3653},[2206],[1957,30718,30720],{"className":30719,"style":28119},[2022],[1957,30721,30723,30726],{"className":30722},[2022],[1957,30724,11006],{"className":30725,"style":11119},[2022,2023],[1957,30727,30729],{"className":30728},[2185],[1957,30730,30732,30752],{"className":30731},[2189,2190],[1957,30733,30735,30749],{"className":30734},[2194],[1957,30736,30738],{"className":30737,"style":4703},[2198],[1957,30739,30740,30743],{"style":24687},[1957,30741],{"className":30742,"style":2207},[2206],[1957,30744,30746],{"className":30745},[2211,2212,2213,2214],[1957,30747,2285],{"className":30748},[2022,2023,2214],[1957,30750,2235],{"className":30751},[2234],[1957,30753,30755],{"className":30754},[2194],[1957,30756,30758],{"className":30757,"style":4725},[2198],[1957,30759],{},[1957,30761,30762,30765],{"style":30188},[1957,30763],{"className":30764,"style":3653},[2206],[1957,30766,30768],{"className":30767,"style":28133},[28132],[6891,30769,30770],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,30771],{"d":28142},[1957,30773,2235],{"className":30774},[2234],[1957,30776,30778],{"className":30777},[2194],[1957,30779,30781],{"className":30780,"style":30208},[2198],[1957,30782],{},[1957,30784],{"className":30785,"style":2104},[2027],[1957,30787,3006],{"className":30788},[2108],[1957,30790],{"className":30791,"style":2104},[2027],[1957,30793,30795,30798,30801,30885,30888,30891],{"className":30794},[2013],[1957,30796],{"className":30797,"style":30123},[2017],[1957,30799,27735],{"className":30800},[2022],[1957,30802,30804],{"className":30803},[2022,28098],[1957,30805,30807,30877],{"className":30806},[2189,2190],[1957,30808,30810,30874],{"className":30809},[2194],[1957,30811,30813,30862],{"className":30812,"style":30136},[2198],[1957,30814,30816,30819],{"className":30815,"style":18287},[28112],[1957,30817],{"className":30818,"style":3653},[2206],[1957,30820,30822],{"className":30821,"style":28119},[2022],[1957,30823,30825,30828],{"className":30824},[2022],[1957,30826,11006],{"className":30827,"style":11119},[2022,2023],[1957,30829,30831],{"className":30830},[2185],[1957,30832,30834,30854],{"className":30833},[2189,2190],[1957,30835,30837,30851],{"className":30836},[2194],[1957,30838,30840],{"className":30839,"style":4703},[2198],[1957,30841,30842,30845],{"style":24687},[1957,30843],{"className":30844,"style":2207},[2206],[1957,30846,30848],{"className":30847},[2211,2212,2213,2214],[1957,30849,2285],{"className":30850},[2022,2023,2214],[1957,30852,2235],{"className":30853},[2234],[1957,30855,30857],{"className":30856},[2194],[1957,30858,30860],{"className":30859,"style":4725},[2198],[1957,30861],{},[1957,30863,30864,30867],{"style":30188},[1957,30865],{"className":30866,"style":3653},[2206],[1957,30868,30870],{"className":30869,"style":28133},[28132],[6891,30871,30872],{"xmlns":6893,"width":28136,"height":28137,"viewBox":28138,"preserveAspectRatio":28139},[6897,30873],{"d":28142},[1957,30875,2235],{"className":30876},[2234],[1957,30878,30880],{"className":30879},[2194],[1957,30881,30883],{"className":30882,"style":30208},[2198],[1957,30884],{},[1957,30886],{"className":30887,"style":2028},[2027],[1957,30889,2158],{"className":30890},[2032],[1957,30892],{"className":30893,"style":2028},[2027],[1957,30895,30897,30900],{"className":30896},[2013],[1957,30898],{"className":30899,"style":2260},[2017],[1957,30901,29850],{"className":30902},[2022],"（矛盾！）",[1798,30905,30906,30907,2922],{},"说明在这些参数下，无法通过激励合同使代理人选择高努力且满足PC。",[1845,30908,30909],{},"最优是提供低努力合同",[1798,30911,30912],{},"调整参数或使用连续模型可以得到内点解。",[1883,30914,30916],{"id":30915},"_45-线性合同与cara-正态模型","4.5 线性合同与CARA-正态模型",[1798,30918,30919,1944],{},[1845,30920,30921],{},"假设",[1805,30923,30924,31112,31273],{},[1808,30925,23782,30926,9028,30999],{},[1957,30927,30929,30951],{"className":30928},[1960],[1957,30930,30932],{"className":30931},[1964],[1966,30933,30934],{"xmlns":1968},[1970,30935,30936,30948],{},[1973,30937,30938,30940,30942,30944,30946],{},[1976,30939,21504],{},[1980,30941,2158],{},[1976,30943,10400],{},[1980,30945,3006],{},[1976,30947,21625],{},[2002,30949,30950],{"encoding":2004},"\\pi = e + \\epsilon",[1957,30952,30954,30972,30990],{"className":30953,"ariaHidden":1993},[2009],[1957,30955,30957,30960,30963,30966,30969],{"className":30956},[2013],[1957,30958],{"className":30959,"style":5143},[2017],[1957,30961,21504],{"className":30962,"style":2181},[2022,2023],[1957,30964],{"className":30965,"style":2028},[2027],[1957,30967,2158],{"className":30968},[2032],[1957,30970],{"className":30971,"style":2028},[2027],[1957,30973,30975,30978,30981,30984,30987],{"className":30974},[2013],[1957,30976],{"className":30977,"style":5580},[2017],[1957,30979,10400],{"className":30980},[2022,2023],[1957,30982],{"className":30983,"style":2104},[2027],[1957,30985,3006],{"className":30986},[2108],[1957,30988],{"className":30989,"style":2104},[2027],[1957,30991,30993,30996],{"className":30992},[2013],[1957,30994],{"className":30995,"style":5143},[2017],[1957,30997,21625],{"className":30998},[2022,2023],[1957,31000,31002,31037],{"className":31001},[1960],[1957,31003,31005],{"className":31004},[1964],[1966,31006,31007],{"xmlns":1968},[1970,31008,31009,31034],{},[1973,31010,31011,31013,31016,31019,31021,31023,31025,31032],{},[1976,31012,21625],{},[1980,31014,31015],{},"∼",[1976,31017,31018],{},"N",[1980,31020,1986],{"stretchy":1985},[1988,31022,1990],{},[1980,31024,1994],{"separator":1993},[2983,31026,31027,31030],{},[1976,31028,31029],{},"σ",[1988,31031,3592],{},[1980,31033,2000],{"stretchy":1985},[2002,31035,31036],{"encoding":2004},"\\epsilon \\sim N(0, \\sigma^2)",[1957,31038,31040,31058],{"className":31039,"ariaHidden":1993},[2009],[1957,31041,31043,31046,31049,31052,31055],{"className":31042},[2013],[1957,31044],{"className":31045,"style":5143},[2017],[1957,31047,21625],{"className":31048},[2022,2023],[1957,31050],{"className":31051,"style":2028},[2027],[1957,31053,31015],{"className":31054},[2032],[1957,31056],{"className":31057,"style":2028},[2027],[1957,31059,31061,31065,31068,31071,31074,31077,31080,31109],{"className":31060},[2013],[1957,31062],{"className":31063,"style":31064},[2017],"height:1.0641em;vertical-align:-0.25em;",[1957,31066,31018],{"className":31067,"style":5412},[2022,2023],[1957,31069,1986],{"className":31070},[2046],[1957,31072,1990],{"className":31073},[2022],[1957,31075,1994],{"className":31076},[2053],[1957,31078],{"className":31079,"style":2057},[2027],[1957,31081,31083,31086],{"className":31082},[2022],[1957,31084,31029],{"className":31085,"style":2181},[2022,2023],[1957,31087,31089],{"className":31088},[2185],[1957,31090,31092],{"className":31091},[2189],[1957,31093,31095],{"className":31094},[2194],[1957,31096,31098],{"className":31097,"style":23330},[2198],[1957,31099,31100,31103],{"style":2221},[1957,31101],{"className":31102,"style":2207},[2206],[1957,31104,31106],{"className":31105},[2211,2212,2213,2214],[1957,31107,3592],{"className":31108},[2022,2214],[1957,31110,2000],{"className":31111},[2064],[1808,31113,31114,31115,31244,31245,3977],{},"代理人效用：",[1957,31116,31118,31165],{"className":31117},[1960],[1957,31119,31121],{"className":31120},[1964],[1966,31122,31123],{"xmlns":1968},[1970,31124,31125,31162],{},[1973,31126,31127,31129,31131,31133,31136,31138,31140,31142,31144,31146,31148,31150,31152,31154,31156,31158,31160],{},[1976,31128,5321],{},[1980,31130,2158],{},[1980,31132,2082],{},[1976,31134,31135],{},"exp",[1980,31137,17965],{},[1980,31139,1986],{"stretchy":1985},[1980,31141,2082],{},[1976,31143,9623],{},[1980,31145,1986],{"stretchy":1985},[1976,31147,11006],{},[1980,31149,2082],{},[1976,31151,10469],{},[1980,31153,1986],{"stretchy":1985},[1976,31155,10400],{},[1980,31157,2000],{"stretchy":1985},[1980,31159,2000],{"stretchy":1985},[1980,31161,2000],{"stretchy":1985},[2002,31163,31164],{"encoding":2004},"U = -\\exp(-r(w - c(e)))",[1957,31166,31168,31186,31225],{"className":31167,"ariaHidden":1993},[2009],[1957,31169,31171,31174,31177,31180,31183],{"className":31170},[2013],[1957,31172],{"className":31173,"style":4649},[2017],[1957,31175,5321],{"className":31176,"style":5412},[2022,2023],[1957,31178],{"className":31179,"style":2028},[2027],[1957,31181,2158],{"className":31182},[2032],[1957,31184],{"className":31185,"style":2028},[2027],[1957,31187,31189,31192,31195,31198,31201,31204,31207,31210,31213,31216,31219,31222],{"className":31188},[2013],[1957,31190],{"className":31191,"style":2042},[2017],[1957,31193,2082],{"className":31194},[2022],[1957,31196],{"className":31197,"style":2057},[2027],[1957,31199,31135],{"className":31200},[18080],[1957,31202,1986],{"className":31203},[2046],[1957,31205,2082],{"className":31206},[2022],[1957,31208,9623],{"className":31209,"style":5028},[2022,2023],[1957,31211,1986],{"className":31212},[2046],[1957,31214,11006],{"className":31215,"style":11119},[2022,2023],[1957,31217],{"className":31218,"style":2104},[2027],[1957,31220,2082],{"className":31221},[2108],[1957,31223],{"className":31224,"style":2104},[2027],[1957,31226,31228,31231,31234,31237,31240],{"className":31227},[2013],[1957,31229],{"className":31230,"style":2042},[2017],[1957,31232,10469],{"className":31233},[2022,2023],[1957,31235,1986],{"className":31236},[2046],[1957,31238,10400],{"className":31239},[2022,2023],[1957,31241,31243],{"className":31242},[2064],")))","（CARA，风险规避系数 ",[1957,31246,31248,31261],{"className":31247},[1960],[1957,31249,31251],{"className":31250},[1964],[1966,31252,31253],{"xmlns":1968},[1970,31254,31255,31259],{},[1973,31256,31257],{},[1976,31258,9623],{},[2002,31260,9623],{"encoding":2004},[1957,31262,31264],{"className":31263,"ariaHidden":1993},[2009],[1957,31265,31267,31270],{"className":31266},[2013],[1957,31268],{"className":31269,"style":5143},[2017],[1957,31271,9623],{"className":31272,"style":5028},[2022,2023],[1808,31274,27809,31275],{},[1957,31276,31278,31314],{"className":31277},[1960],[1957,31279,31281],{"className":31280},[1964],[1966,31282,31283],{"xmlns":1968},[1970,31284,31285,31311],{},[1973,31286,31287,31289,31291,31293,31295,31297,31303,31305],{},[1976,31288,10469],{},[1980,31290,1986],{"stretchy":1985},[1976,31292,10400],{},[1980,31294,2000],{"stretchy":1985},[1980,31296,2158],{},[3568,31298,31299,31301],{},[1988,31300,1997],{},[1988,31302,3592],{},[1976,31304,2397],{},[2983,31306,31307,31309],{},[1976,31308,10400],{},[1988,31310,3592],{},[2002,31312,31313],{"encoding":2004},"c(e) = \\frac{1}{2}be^2",[1957,31315,31317,31344],{"className":31316,"ariaHidden":1993},[2009],[1957,31318,31320,31323,31326,31329,31332,31335,31338,31341],{"className":31319},[2013],[1957,31321],{"className":31322,"style":2042},[2017],[1957,31324,10469],{"className":31325},[2022,2023],[1957,31327,1986],{"className":31328},[2046],[1957,31330,10400],{"className":31331},[2022,2023],[1957,31333,2000],{"className":31334},[2064],[1957,31336],{"className":31337,"style":2028},[2027],[1957,31339,2158],{"className":31340},[2032],[1957,31342],{"className":31343,"style":2028},[2027],[1957,31345,31347,31350,31418,31421],{"className":31346},[2013],[1957,31348],{"className":31349,"style":3731},[2017],[1957,31351,31353,31356,31415],{"className":31352},[2022],[1957,31354],{"className":31355},[2046,3633],[1957,31357,31359],{"className":31358},[3568],[1957,31360,31362,31407],{"className":31361},[2189,2190],[1957,31363,31365,31404],{"className":31364},[2194],[1957,31366,31368,31382,31390],{"className":31367,"style":3646},[2198],[1957,31369,31370,31373],{"style":3649},[1957,31371],{"className":31372,"style":3653},[2206],[1957,31374,31376],{"className":31375},[2211,2212,2213,2214],[1957,31377,31379],{"className":31378},[2022,2214],[1957,31380,3592],{"className":31381},[2022,2214],[1957,31383,31384,31387],{"style":3671},[1957,31385],{"className":31386,"style":3653},[2206],[1957,31388],{"className":31389,"style":3679},[3678],[1957,31391,31392,31395],{"style":3682},[1957,31393],{"className":31394,"style":3653},[2206],[1957,31396,31398],{"className":31397},[2211,2212,2213,2214],[1957,31399,31401],{"className":31400},[2022,2214],[1957,31402,1997],{"className":31403},[2022,2214],[1957,31405,2235],{"className":31406},[2234],[1957,31408,31410],{"className":31409},[2194],[1957,31411,31413],{"className":31412,"style":3795},[2198],[1957,31414],{},[1957,31416],{"className":31417},[2064,3633],[1957,31419,2397],{"className":31420},[2022,2023],[1957,31422,31424,31427],{"className":31423},[2022],[1957,31425,10400],{"className":31426},[2022,2023],[1957,31428,31430],{"className":31429},[2185],[1957,31431,31433],{"className":31432},[2189],[1957,31434,31436],{"className":31435},[2194],[1957,31437,31439],{"className":31438,"style":23330},[2198],[1957,31440,31441,31444],{"style":2221},[1957,31442],{"className":31443,"style":2207},[2206],[1957,31445,31447],{"className":31446},[2211,2212,2213,2214],[1957,31448,3592],{"className":31449},[2022,2214],[1798,31451,31452,1944,31455],{},[1845,31453,31454],{},"线性合同",[1957,31456,31458,31483],{"className":31457},[1960],[1957,31459,31461],{"className":31460},[1964],[1966,31462,31463],{"xmlns":1968},[1970,31464,31465,31480],{},[1973,31466,31467,31469,31471,31473,31475,31478],{},[1976,31468,11006],{},[1980,31470,2158],{},[1976,31472,5053],{},[1980,31474,3006],{},[1976,31476,31477],{},"β",[1976,31479,21504],{},[2002,31481,31482],{"encoding":2004},"w = \\alpha + \\beta \\pi",[1957,31484,31486,31504,31522],{"className":31485,"ariaHidden":1993},[2009],[1957,31487,31489,31492,31495,31498,31501],{"className":31488},[2013],[1957,31490],{"className":31491,"style":5143},[2017],[1957,31493,11006],{"className":31494,"style":11119},[2022,2023],[1957,31496],{"className":31497,"style":2028},[2027],[1957,31499,2158],{"className":31500},[2032],[1957,31502],{"className":31503,"style":2028},[2027],[1957,31505,31507,31510,31513,31516,31519],{"className":31506},[2013],[1957,31508],{"className":31509,"style":5580},[2017],[1957,31511,5053],{"className":31512,"style":5083},[2022,2023],[1957,31514],{"className":31515,"style":2104},[2027],[1957,31517,3006],{"className":31518},[2108],[1957,31520],{"className":31521,"style":2104},[2027],[1957,31523,31525,31528,31532],{"className":31524},[2013],[1957,31526],{"className":31527,"style":11801},[2017],[1957,31529,31477],{"className":31530,"style":31531},[2022,2023],"margin-right:0.0528em;",[1957,31533,21504],{"className":31534,"style":2181},[2022,2023],[1805,31536,31537,31568],{},[1808,31538,31539,31567],{},[1957,31540,31542,31555],{"className":31541},[1960],[1957,31543,31545],{"className":31544},[1964],[1966,31546,31547],{"xmlns":1968},[1970,31548,31549,31553],{},[1973,31550,31551],{},[1976,31552,5053],{},[2002,31554,5133],{"encoding":2004},[1957,31556,31558],{"className":31557,"ariaHidden":1993},[2009],[1957,31559,31561,31564],{"className":31560},[2013],[1957,31562],{"className":31563,"style":5143},[2017],[1957,31565,5053],{"className":31566,"style":5083},[2022,2023],"：固定工资",[1808,31569,31570,31599],{},[1957,31571,31573,31587],{"className":31572},[1960],[1957,31574,31576],{"className":31575},[1964],[1966,31577,31578],{"xmlns":1968},[1970,31579,31580,31584],{},[1973,31581,31582],{},[1976,31583,31477],{},[2002,31585,31586],{"encoding":2004},"\\beta",[1957,31588,31590],{"className":31589,"ariaHidden":1993},[2009],[1957,31591,31593,31596],{"className":31592},[2013],[1957,31594],{"className":31595,"style":11801},[2017],[1957,31597,31477],{"className":31598,"style":31531},[2022,2023],"：绩效工资系数（激励强度）",[1798,31601,31602,1944],{},[1845,31603,31604],{},"代理人的确定性等价收益",[1957,31606,31608],{"className":31607},[2962],[1957,31609,31611,31676],{"className":31610},[1960],[1957,31612,31614],{"className":31613},[1964],[1966,31615,31616],{"xmlns":1968,"display":2971},[1970,31617,31618,31673],{},[1973,31619,31620,31623,31625,31627,31629,31631,31633,31635,31637,31643,31645,31651,31653,31659,31661,31667],{},[1976,31621,31622],{},"C",[1976,31624,2978],{},[1980,31626,2158],{},[1976,31628,5053],{},[1980,31630,3006],{},[1976,31632,31477],{},[1976,31634,10400],{},[1980,31636,2082],{},[3568,31638,31639,31641],{},[1988,31640,1997],{},[1988,31642,3592],{},[1976,31644,2397],{},[2983,31646,31647,31649],{},[1976,31648,10400],{},[1988,31650,3592],{},[1980,31652,2082],{},[3568,31654,31655,31657],{},[1988,31656,1997],{},[1988,31658,3592],{},[1976,31660,9623],{},[2983,31662,31663,31665],{},[1976,31664,31477],{},[1988,31666,3592],{},[2983,31668,31669,31671],{},[1976,31670,31029],{},[1988,31672,3592],{},[2002,31674,31675],{"encoding":2004},"CE = \\alpha + \\beta e - \\frac{1}{2}be^2 - \\frac{1}{2}r\\beta^2\\sigma^2",[1957,31677,31679,31701,31719,31740,31850],{"className":31678,"ariaHidden":1993},[2009],[1957,31680,31682,31685,31689,31692,31695,31698],{"className":31681},[2013],[1957,31683],{"className":31684,"style":4649},[2017],[1957,31686,31622],{"className":31687,"style":31688},[2022,2023],"margin-right:0.0715em;",[1957,31690,2978],{"className":31691,"style":3066},[2022,2023],[1957,31693],{"className":31694,"style":2028},[2027],[1957,31696,2158],{"className":31697},[2032],[1957,31699],{"className":31700,"style":2028},[2027],[1957,31702,31704,31707,31710,31713,31716],{"className":31703},[2013],[1957,31705],{"className":31706,"style":5580},[2017],[1957,31708,5053],{"className":31709,"style":5083},[2022,2023],[1957,31711],{"className":31712,"style":2104},[2027],[1957,31714,3006],{"className":31715},[2108],[1957,31717],{"className":31718,"style":2104},[2027],[1957,31720,31722,31725,31728,31731,31734,31737],{"className":31721},[2013],[1957,31723],{"className":31724,"style":11801},[2017],[1957,31726,31477],{"className":31727,"style":31531},[2022,2023],[1957,31729,10400],{"className":31730},[2022,2023],[1957,31732],{"className":31733,"style":2104},[2027],[1957,31735,2082],{"className":31736},[2108],[1957,31738],{"className":31739,"style":2104},[2027],[1957,31741,31743,31746,31808,31811,31841,31844,31847],{"className":31742},[2013],[1957,31744],{"className":31745,"style":15021},[2017],[1957,31747,31749,31752,31805],{"className":31748},[2022],[1957,31750],{"className":31751},[2046,3633],[1957,31753,31755],{"className":31754},[3568],[1957,31756,31758,31797],{"className":31757},[2189,2190],[1957,31759,31761,31794],{"className":31760},[2194],[1957,31762,31764,31775,31783],{"className":31763,"style":15040},[2198],[1957,31765,31766,31769],{"style":6808},[1957,31767],{"className":31768,"style":3653},[2206],[1957,31770,31772],{"className":31771},[2022],[1957,31773,3592],{"className":31774},[2022],[1957,31776,31777,31780],{"style":3671},[1957,31778],{"className":31779,"style":3653},[2206],[1957,31781],{"className":31782,"style":3679},[3678],[1957,31784,31785,31788],{"style":6831},[1957,31786],{"className":31787,"style":3653},[2206],[1957,31789,31791],{"className":31790},[2022],[1957,31792,1997],{"className":31793},[2022],[1957,31795,2235],{"className":31796},[2234],[1957,31798,31800],{"className":31799},[2194],[1957,31801,31803],{"className":31802,"style":6853},[2198],[1957,31804],{},[1957,31806],{"className":31807},[2064,3633],[1957,31809,2397],{"className":31810},[2022,2023],[1957,31812,31814,31817],{"className":31813},[2022],[1957,31815,10400],{"className":31816},[2022,2023],[1957,31818,31820],{"className":31819},[2185],[1957,31821,31823],{"className":31822},[2189],[1957,31824,31826],{"className":31825},[2194],[1957,31827,31830],{"className":31828,"style":31829},[2198],"height:0.8641em;",[1957,31831,31832,31835],{"style":3091},[1957,31833],{"className":31834,"style":2207},[2206],[1957,31836,31838],{"className":31837},[2211,2212,2213,2214],[1957,31839,3592],{"className":31840},[2022,2214],[1957,31842],{"className":31843,"style":2104},[2027],[1957,31845,2082],{"className":31846},[2108],[1957,31848],{"className":31849,"style":2104},[2027],[1957,31851,31853,31856,31918,31921,31950],{"className":31852},[2013],[1957,31854],{"className":31855,"style":15021},[2017],[1957,31857,31859,31862,31915],{"className":31858},[2022],[1957,31860],{"className":31861},[2046,3633],[1957,31863,31865],{"className":31864},[3568],[1957,31866,31868,31907],{"className":31867},[2189,2190],[1957,31869,31871,31904],{"className":31870},[2194],[1957,31872,31874,31885,31893],{"className":31873,"style":15040},[2198],[1957,31875,31876,31879],{"style":6808},[1957,31877],{"className":31878,"style":3653},[2206],[1957,31880,31882],{"className":31881},[2022],[1957,31883,3592],{"className":31884},[2022],[1957,31886,31887,31890],{"style":3671},[1957,31888],{"className":31889,"style":3653},[2206],[1957,31891],{"className":31892,"style":3679},[3678],[1957,31894,31895,31898],{"style":6831},[1957,31896],{"className":31897,"style":3653},[2206],[1957,31899,31901],{"className":31900},[2022],[1957,31902,1997],{"className":31903},[2022],[1957,31905,2235],{"className":31906},[2234],[1957,31908,31910],{"className":31909},[2194],[1957,31911,31913],{"className":31912,"style":6853},[2198],[1957,31914],{},[1957,31916],{"className":31917},[2064,3633],[1957,31919,9623],{"className":31920,"style":5028},[2022,2023],[1957,31922,31924,31927],{"className":31923},[2022],[1957,31925,31477],{"className":31926,"style":31531},[2022,2023],[1957,31928,31930],{"className":31929},[2185],[1957,31931,31933],{"className":31932},[2189],[1957,31934,31936],{"className":31935},[2194],[1957,31937,31939],{"className":31938,"style":31829},[2198],[1957,31940,31941,31944],{"style":3091},[1957,31942],{"className":31943,"style":2207},[2206],[1957,31945,31947],{"className":31946},[2211,2212,2213,2214],[1957,31948,3592],{"className":31949},[2022,2214],[1957,31951,31953,31956],{"className":31952},[2022],[1957,31954,31029],{"className":31955,"style":2181},[2022,2023],[1957,31957,31959],{"className":31958},[2185],[1957,31960,31962],{"className":31961},[2189],[1957,31963,31965],{"className":31964},[2194],[1957,31966,31968],{"className":31967,"style":31829},[2198],[1957,31969,31970,31973],{"style":3091},[1957,31971],{"className":31972,"style":2207},[2206],[1957,31974,31976],{"className":31975},[2211,2212,2213,2214],[1957,31977,3592],{"className":31978},[2022,2214],[1798,31980,31981,31982,2922],{},"最后一项是",[1845,31983,31984],{},"风险溢价",[1798,31986,31987,31990,31991,5299],{},[1845,31988,31989],{},"代理人的最优努力","（给定 ",[1957,31992,31994,32007],{"className":31993},[1960],[1957,31995,31997],{"className":31996},[1964],[1966,31998,31999],{"xmlns":1968},[1970,32000,32001,32005],{},[1973,32002,32003],{},[1976,32004,31477],{},[2002,32006,31586],{"encoding":2004},[1957,32008,32010],{"className":32009,"ariaHidden":1993},[2009],[1957,32011,32013,32016],{"className":32012},[2013],[1957,32014],{"className":32015,"style":11801},[2017],[1957,32017,31477],{"className":32018,"style":31531},[2022,2023],[1957,32020,32022],{"className":32021},[2962],[1957,32023,32025,32090],{"className":32024},[1960],[1957,32026,32028],{"className":32027},[1964],[1966,32029,32030],{"xmlns":1968,"display":2971},[1970,32031,32032,32087],{},[1973,32033,32034,32051,32053,32055,32057,32059,32061,32063,32065,32067,32073,32075,32077,32079,32081],{},[3568,32035,32036,32045],{},[1973,32037,32038,32041,32043],{},[1976,32039,32040],{"mathvariant":5226},"∂",[1976,32042,31622],{},[1976,32044,2978],{},[1973,32046,32047,32049],{},[1976,32048,32040],{"mathvariant":5226},[1976,32050,10400],{},[1980,32052,2158],{},[1976,32054,31477],{},[1980,32056,2082],{},[1976,32058,2397],{},[1976,32060,10400],{},[1980,32062,2158],{},[1988,32064,1990],{},[1980,32066,28286],{},[2983,32068,32069,32071],{},[1976,32070,10400],{},[1980,32072,4109],{},[1980,32074,1986],{"stretchy":1985},[1976,32076,31477],{},[1980,32078,2000],{"stretchy":1985},[1980,32080,2158],{},[3568,32082,32083,32085],{},[1976,32084,31477],{},[1976,32086,2397],{},[2002,32088,32089],{"encoding":2004},"\\frac{\\partial CE}{\\partial e} = \\beta - be = 0 \\Rightarrow e^*(\\beta) = \\frac{\\beta}{b}",[1957,32091,32093,32181,32199,32220,32238,32291],{"className":32092,"ariaHidden":1993},[2009],[1957,32094,32096,32100,32172,32175,32178],{"className":32095},[2013],[1957,32097],{"className":32098,"style":32099},[2017],"height:2.0574em;vertical-align:-0.686em;",[1957,32101,32103,32106,32169],{"className":32102},[2022],[1957,32104],{"className":32105},[2046,3633],[1957,32107,32109],{"className":32108},[3568],[1957,32110,32112,32161],{"className":32111},[2189,2190],[1957,32113,32115,32158],{"className":32114},[2194],[1957,32116,32118,32133,32141],{"className":32117,"style":6805},[2198],[1957,32119,32120,32123],{"style":6808},[1957,32121],{"className":32122,"style":3653},[2206],[1957,32124,32126,32130],{"className":32125},[2022],[1957,32127,32040],{"className":32128,"style":32129},[2022],"margin-right:0.0556em;",[1957,32131,10400],{"className":32132},[2022,2023],[1957,32134,32135,32138],{"style":3671},[1957,32136],{"className":32137,"style":3653},[2206],[1957,32139],{"className":32140,"style":3679},[3678],[1957,32142,32143,32146],{"style":6831},[1957,32144],{"className":32145,"style":3653},[2206],[1957,32147,32149,32152,32155],{"className":32148},[2022],[1957,32150,32040],{"className":32151,"style":32129},[2022],[1957,32153,31622],{"className":32154,"style":31688},[2022,2023],[1957,32156,2978],{"className":32157,"style":3066},[2022,2023],[1957,32159,2235],{"className":32160},[2234],[1957,32162,32164],{"className":32163},[2194],[1957,32165,32167],{"className":32166,"style":6853},[2198],[1957,32168],{},[1957,32170],{"className":32171},[2064,3633],[1957,32173],{"className":32174,"style":2028},[2027],[1957,32176,2158],{"className":32177},[2032],[1957,32179],{"className":32180,"style":2028},[2027],[1957,32182,32184,32187,32190,32193,32196],{"className":32183},[2013],[1957,32185],{"className":32186,"style":11801},[2017],[1957,32188,31477],{"className":32189,"style":31531},[2022,2023],[1957,32191],{"className":32192,"style":2104},[2027],[1957,32194,2082],{"className":32195},[2108],[1957,32197],{"className":32198,"style":2104},[2027],[1957,32200,32202,32205,32208,32211,32214,32217],{"className":32201},[2013],[1957,32203],{"className":32204,"style":2118},[2017],[1957,32206,2397],{"className":32207},[2022,2023],[1957,32209,10400],{"className":32210},[2022,2023],[1957,32212],{"className":32213,"style":2028},[2027],[1957,32215,2158],{"className":32216},[2032],[1957,32218],{"className":32219,"style":2028},[2027],[1957,32221,32223,32226,32229,32232,32235],{"className":32222},[2013],[1957,32224],{"className":32225,"style":2260},[2017],[1957,32227,1990],{"className":32228},[2022],[1957,32230],{"className":32231,"style":2028},[2027],[1957,32233,28286],{"className":32234},[2032],[1957,32236],{"className":32237,"style":2028},[2027],[1957,32239,32241,32244,32273,32276,32279,32282,32285,32288],{"className":32240},[2013],[1957,32242],{"className":32243,"style":2042},[2017],[1957,32245,32247,32250],{"className":32246},[2022],[1957,32248,10400],{"className":32249},[2022,2023],[1957,32251,32253],{"className":32252},[2185],[1957,32254,32256],{"className":32255},[2189],[1957,32257,32259],{"className":32258},[2194],[1957,32260,32262],{"className":32261,"style":12647},[2198],[1957,32263,32264,32267],{"style":3091},[1957,32265],{"className":32266,"style":2207},[2206],[1957,32268,32270],{"className":32269},[2211,2212,2213,2214],[1957,32271,4109],{"className":32272},[2108,2214],[1957,32274,1986],{"className":32275},[2046],[1957,32277,31477],{"className":32278,"style":31531},[2022,2023],[1957,32280,2000],{"className":32281},[2064],[1957,32283],{"className":32284,"style":2028},[2027],[1957,32286,2158],{"className":32287},[2032],[1957,32289],{"className":32290,"style":2028},[2027],[1957,32292,32294,32297],{"className":32293},[2013],[1957,32295],{"className":32296,"style":32099},[2017],[1957,32298,32300,32303,32356],{"className":32299},[2022],[1957,32301],{"className":32302},[2046,3633],[1957,32304,32306],{"className":32305},[3568],[1957,32307,32309,32348],{"className":32308},[2189,2190],[1957,32310,32312,32345],{"className":32311},[2194],[1957,32313,32315,32326,32334],{"className":32314,"style":6805},[2198],[1957,32316,32317,32320],{"style":6808},[1957,32318],{"className":32319,"style":3653},[2206],[1957,32321,32323],{"className":32322},[2022],[1957,32324,2397],{"className":32325},[2022,2023],[1957,32327,32328,32331],{"style":3671},[1957,32329],{"className":32330,"style":3653},[2206],[1957,32332],{"className":32333,"style":3679},[3678],[1957,32335,32336,32339],{"style":6831},[1957,32337],{"className":32338,"style":3653},[2206],[1957,32340,32342],{"className":32341},[2022],[1957,32343,31477],{"className":32344,"style":31531},[2022,2023],[1957,32346,2235],{"className":32347},[2234],[1957,32349,32351],{"className":32350},[2194],[1957,32352,32354],{"className":32353,"style":6853},[2198],[1957,32355],{},[1957,32357],{"className":32358},[2064,3633],[1798,32360,32361,1944],{},[1845,32362,24903],{},[1957,32364,32366],{"className":32365},[2962],[1957,32367,32369,32429],{"className":32368},[1960],[1957,32370,32372],{"className":32371},[1964],[1966,32373,32374],{"xmlns":1968,"display":2971},[1970,32375,32376,32426],{},[1973,32377,32378,32394,32400,32402,32404,32406,32408,32410,32412,32414,32420,32422,32424],{},[17956,32379,32380,32386],{},[1973,32381,32382,32384],{},[1976,32383,17962],{},[1980,32385,17965],{},[1973,32387,32388,32390,32392],{},[1976,32389,5053],{},[1980,32391,1994],{"separator":1993},[1976,32393,31477],{},[2983,32395,32396,32398],{},[1976,32397,10400],{},[1980,32399,4109],{},[1980,32401,1986],{"stretchy":1985},[1976,32403,31477],{},[1980,32405,2000],{"stretchy":1985},[1980,32407,2082],{},[1976,32409,5053],{},[1980,32411,2082],{},[1976,32413,31477],{},[2983,32415,32416,32418],{},[1976,32417,10400],{},[1980,32419,4109],{},[1980,32421,1986],{"stretchy":1985},[1976,32423,31477],{},[1980,32425,2000],{"stretchy":1985},[2002,32427,32428],{"encoding":2004},"\\max_{\\alpha, \\beta} e^*(\\beta) - \\alpha - \\beta e^*(\\beta)",[1957,32430,32432,32544,32562],{"className":32431,"ariaHidden":1993},[2009],[1957,32433,32435,32439,32494,32497,32526,32529,32532,32535,32538,32541],{"className":32434},[2013],[1957,32436],{"className":32437,"style":32438},[2017],"height:1.6382em;vertical-align:-0.8882em;",[1957,32440,32442],{"className":32441},[18080,18081],[1957,32443,32445,32485],{"className":32444},[2189,2190],[1957,32446,32448,32482],{"className":32447},[2194],[1957,32449,32451,32472],{"className":32450,"style":5143},[2198],[1957,32452,32454,32457],{"style":32453},"top:-2.3479em;margin-left:0em;",[1957,32455],{"className":32456,"style":3653},[2206],[1957,32458,32460],{"className":32459},[2211,2212,2213,2214],[1957,32461,32463,32466,32469],{"className":32462},[2022,2214],[1957,32464,5053],{"className":32465,"style":5083},[2022,2023,2214],[1957,32467,1994],{"className":32468},[2053,2214],[1957,32470,31477],{"className":32471,"style":31531},[2022,2023,2214],[1957,32473,32474,32477],{"style":18287},[1957,32475],{"className":32476,"style":3653},[2206],[1957,32478,32479],{},[1957,32480,17962],{"className":32481},[18080],[1957,32483,2235],{"className":32484},[2234],[1957,32486,32488],{"className":32487},[2194],[1957,32489,32492],{"className":32490,"style":32491},[2198],"height:0.8882em;",[1957,32493],{},[1957,32495],{"className":32496,"style":2057},[2027],[1957,32498,32500,32503],{"className":32499},[2022],[1957,32501,10400],{"className":32502},[2022,2023],[1957,32504,32506],{"className":32505},[2185],[1957,32507,32509],{"className":32508},[2189],[1957,32510,32512],{"className":32511},[2194],[1957,32513,32515],{"className":32514,"style":12647},[2198],[1957,32516,32517,32520],{"style":3091},[1957,32518],{"className":32519,"style":2207},[2206],[1957,32521,32523],{"className":32522},[2211,2212,2213,2214],[1957,32524,4109],{"className":32525},[2108,2214],[1957,32527,1986],{"className":32528},[2046],[1957,32530,31477],{"className":32531,"style":31531},[2022,2023],[1957,32533,2000],{"className":32534},[2064],[1957,32536],{"className":32537,"style":2104},[2027],[1957,32539,2082],{"className":32540},[2108],[1957,32542],{"className":32543,"style":2104},[2027],[1957,32545,32547,32550,32553,32556,32559],{"className":32546},[2013],[1957,32548],{"className":32549,"style":5580},[2017],[1957,32551,5053],{"className":32552,"style":5083},[2022,2023],[1957,32554],{"className":32555,"style":2104},[2027],[1957,32557,2082],{"className":32558},[2108],[1957,32560],{"className":32561,"style":2104},[2027],[1957,32563,32565,32568,32571,32600,32603,32606],{"className":32564},[2013],[1957,32566],{"className":32567,"style":2042},[2017],[1957,32569,31477],{"className":32570,"style":31531},[2022,2023],[1957,32572,32574,32577],{"className":32573},[2022],[1957,32575,10400],{"className":32576},[2022,2023],[1957,32578,32580],{"className":32579},[2185],[1957,32581,32583],{"className":32582},[2189],[1957,32584,32586],{"className":32585},[2194],[1957,32587,32589],{"className":32588,"style":12647},[2198],[1957,32590,32591,32594],{"style":3091},[1957,32592],{"className":32593,"style":2207},[2206],[1957,32595,32597],{"className":32596},[2211,2212,2213,2214],[1957,32598,4109],{"className":32599},[2108,2214],[1957,32601,1986],{"className":32602},[2046],[1957,32604,31477],{"className":32605,"style":31531},[2022,2023],[1957,32607,2000],{"className":32608},[2064],[1957,32610,32612],{"className":32611},[2962],[1957,32613,32615,32707],{"className":32614},[1960],[1957,32616,32618],{"className":32617},[1964],[1966,32619,32620],{"xmlns":1968,"display":2971},[1970,32621,32622,32704],{},[1973,32623,32624,32626,32628,32630,32632,32638,32640,32642,32644,32646,32652,32654,32656,32662,32664,32666,32668,32674,32676,32682,32684,32690,32696,32698],{},[7599,32625,22847],{},[1976,32627,5053],{},[1980,32629,3006],{},[1976,32631,31477],{},[2983,32633,32634,32636],{},[1976,32635,10400],{},[1980,32637,4109],{},[1980,32639,1986],{"stretchy":1985},[1976,32641,31477],{},[1980,32643,2000],{"stretchy":1985},[1980,32645,2082],{},[3568,32647,32648,32650],{},[1988,32649,1997],{},[1988,32651,3592],{},[1976,32653,2397],{},[1980,32655,2981],{"stretchy":1985},[2983,32657,32658,32660],{},[1976,32659,10400],{},[1980,32661,4109],{},[1980,32663,1986],{"stretchy":1985},[1976,32665,31477],{},[1980,32667,2000],{"stretchy":1985},[2983,32669,32670,32672],{},[1980,32671,2991],{"stretchy":1985},[1988,32673,3592],{},[1980,32675,2082],{},[3568,32677,32678,32680],{},[1988,32679,1997],{},[1988,32681,3592],{},[1976,32683,9623],{},[2983,32685,32686,32688],{},[1976,32687,31477],{},[1988,32689,3592],{},[2983,32691,32692,32694],{},[1976,32693,31029],{},[1988,32695,3592],{},[1980,32697,2158],{},[6659,32699,32700,32702],{"accent":1993},[1976,32701,5321],{},[1980,32703,6665],{},[2002,32705,32706],{"encoding":2004},"\\text{s.t. } \\alpha + \\beta e^*(\\beta) - \\frac{1}{2}b[e^*(\\beta)]^2 - \\frac{1}{2}r\\beta^2\\sigma^2 = 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- \\frac{2\\beta}{b} - r\\beta\\sigma^2 = 0",[1957,33756,33758,33835,33915,33966],{"className":33757,"ariaHidden":1993},[2009],[1957,33759,33761,33764,33826,33829,33832],{"className":33760},[2013],[1957,33762],{"className":33763,"style":15021},[2017],[1957,33765,33767,33770,33823],{"className":33766},[2022],[1957,33768],{"className":33769},[2046,3633],[1957,33771,33773],{"className":33772},[3568],[1957,33774,33776,33815],{"className":33775},[2189,2190],[1957,33777,33779,33812],{"className":33778},[2194],[1957,33780,33782,33793,33801],{"className":33781,"style":15040},[2198],[1957,33783,33784,33787],{"style":6808},[1957,33785],{"className":33786,"style":3653},[2206],[1957,33788,33790],{"className":33789},[2022],[1957,33791,2397],{"className":33792},[2022,2023],[1957,33794,33795,33798],{"style":3671},[1957,33796],{"className":33797,"style":3653},[2206],[1957,33799],{"className":33800,"style":3679},[3678],[1957,33802,33803,33806],{"style":6831},[1957,33804],{"className":33805,"style":3653},[2206],[1957,33807,33809],{"className":33808},[2022],[1957,33810,1997],{"className":33811},[2022],[1957,33813,2235],{"className":33814},[2234],[1957,33816,33818],{"className":33817},[2194],[1957,33819,33821],{"className":33820,"style":6853},[2198],[1957,33822],{},[1957,33824],{"className":33825},[2064,3633],[1957,33827],{"className":33828,"style":2104},[2027],[1957,33830,2082],{"className":33831},[2108],[1957,33833],{"className":33834,"style":2104},[2027],[1957,33836,33838,33841,33906,33909,33912],{"className":33837},[2013],[1957,33839],{"className":33840,"style":32099},[2017],[1957,33842,33844,33847,33903],{"className":33843},[2022],[1957,33845],{"className":33846},[2046,3633],[1957,33848,33850],{"className":33849},[3568],[1957,33851,33853,33895],{"className":33852},[2189,2190],[1957,33854,33856,33892],{"className":33855},[2194],[1957,33857,33859,33870,33878],{"className":33858,"style":6805},[2198],[1957,33860,33861,33864],{"style":6808},[1957,33862],{"className":33863,"style":3653},[2206],[1957,33865,33867],{"className":33866},[2022],[1957,33868,2397],{"className":33869},[2022,2023],[1957,33871,33872,33875],{"style":3671},[1957,33873],{"className":33874,"style":3653},[2206],[1957,33876],{"className":33877,"style":3679},[3678],[1957,33879,33880,33883],{"style":6831},[1957,33881],{"className":33882,"style":3653},[2206],[1957,33884,33886,33889],{"className":33885},[2022],[1957,33887,3592],{"className":33888},[2022],[1957,33890,31477],{"className":33891,"style":31531},[2022,2023],[1957,33893,2235],{"className":33894},[2234],[1957,33896,33898],{"className":33897},[2194],[1957,33899,33901],{"className":33900,"style":6853},[2198],[1957,33902],{},[1957,33904],{"className":33905},[2064,3633],[1957,33907],{"className":33908,"style":2104},[2027],[1957,33910,2082],{"className":33911},[2108],[1957,33913],{"className":33914,"style":2104},[2027],[1957,33916,33918,33922,33925,33928,33957,33960,33963],{"className":33917},[2013],[1957,33919],{"className":33920,"style":33921},[2017],"height:1.0585em;vertical-align:-0.1944em;",[1957,33923,9623],{"className":33924,"style":5028},[2022,2023],[1957,33926,31477],{"className":33927,"style":31531},[2022,2023],[1957,33929,33931,33934],{"className":33930},[2022],[1957,33932,31029],{"className":33933,"style":2181},[2022,2023],[1957,33935,33937],{"className":33936},[2185],[1957,33938,33940],{"className":33939},[2189],[1957,33941,33943],{"className":33942},[2194],[1957,33944,33946],{"className":33945,"style":31829},[2198],[1957,33947,33948,33951],{"style":3091},[1957,33949],{"className":33950,"style":2207},[2206],[1957,33952,33954],{"className":33953},[2211,2212,2213,2214],[1957,33955,3592],{"className":33956},[2022,2214],[1957,33958],{"className":33959,"style":2028},[2027],[1957,33961,2158],{"className":33962},[2032],[1957,33964],{"className":33965,"style":2028},[2027],[1957,33967,33969,33972],{"className":33968},[2013],[1957,33970],{"className":33971,"style":2260},[2017],[1957,33973,1990],{"className":33974},[2022],[1957,33976,33978],{"className":33977},[2962],[1957,33979,33981,34021],{"className":33980},[1960],[1957,33982,33984],{"className":33983},[1964],[1966,33985,33986],{"xmlns":1968,"display":2971},[1970,33987,33988,34018],{},[1973,33989,33990,33996,33998],{},[2983,33991,33992,33994],{},[1976,33993,31477],{},[1980,33995,4109],{},[1980,33997,2158],{},[3568,33999,34000,34002],{},[1988,34001,1997],{},[1973,34003,34004,34006,34008,34010,34012],{},[1988,34005,1997],{},[1980,34007,3006],{},[1976,34009,9623],{},[1976,34011,2397],{},[2983,34013,34014,34016],{},[1976,34015,31029],{},[1988,34017,3592],{},[2002,34019,34020],{"encoding":2004},"\\beta^* = \\frac{1}{1 + rb\\sigma^2}",[1957,34022,34024,34069],{"className":34023,"ariaHidden":1993},[2009],[1957,34025,34027,34031,34060,34063,34066],{"className":34026},[2013],[1957,34028],{"className":34029,"style":34030},[2017],"height:0.9331em;vertical-align:-0.1944em;",[1957,34032,34034,34037],{"className":34033},[2022],[1957,34035,31477],{"className":34036,"style":31531},[2022,2023],[1957,34038,34040],{"className":34039},[2185],[1957,34041,34043],{"className":34042},[2189],[1957,34044,34046],{"className":34045},[2194],[1957,34047,34049],{"className":34048,"style":12647},[2198],[1957,34050,34051,34054],{"style":3091},[1957,34052],{"className":34053,"style":2207},[2206],[1957,34055,34057],{"className":34056},[2211,2212,2213,2214],[1957,34058,4109],{"className":34059},[2108,2214],[1957,34061],{"className":34062,"style":2028},[2027],[1957,34064,2158],{"className":34065},[2032],[1957,34067],{"className":34068,"style":2028},[2027],[1957,34070,34072,34076],{"className":34071},[2013],[1957,34073],{"className":34074,"style":34075},[2017],"height:2.0908em;vertical-align:-0.7693em;",[1957,34077,34079,34082,34181],{"className":34078},[2022],[1957,34080],{"className":34081},[2046,3633],[1957,34083,34085],{"className":34084},[3568],[1957,34086,34088,34172],{"className":34087},[2189,2190],[1957,34089,34091,34169],{"className":34090},[2194],[1957,34092,34094,34150,34158],{"className":34093,"style":15040},[2198],[1957,34095,34096,34099],{"style":6808},[1957,34097],{"className":34098,"style":3653},[2206],[1957,34100,34102,34105,34108,34111,34114,34117,34120],{"className":34101},[2022],[1957,34103,1997],{"className":34104},[2022],[1957,34106],{"className":34107,"style":2104},[2027],[1957,34109,3006],{"className":34110},[2108],[1957,34112],{"className":34113,"style":2104},[2027],[1957,34115,9623],{"className":34116,"style":5028},[2022,2023],[1957,34118,2397],{"className":34119},[2022,2023],[1957,34121,34123,34126],{"className":34122},[2022],[1957,34124,31029],{"className":34125,"style":2181},[2022,2023],[1957,34127,34129],{"className":34128},[2185],[1957,34130,34132],{"className":34131},[2189],[1957,34133,34135],{"className":34134},[2194],[1957,34136,34139],{"className":34137,"style":34138},[2198],"height:0.7401em;",[1957,34140,34141,34144],{"style":7106},[1957,34142],{"className":34143,"style":2207},[2206],[1957,34145,34147],{"className":34146},[2211,2212,2213,2214],[1957,34148,3592],{"className":34149},[2022,2214],[1957,34151,34152,34155],{"style":3671},[1957,34153],{"className":34154,"style":3653},[2206],[1957,34156],{"className":34157,"style":3679},[3678],[1957,34159,34160,34163],{"style":6831},[1957,34161],{"className":34162,"style":3653},[2206],[1957,34164,34166],{"className":34165},[2022],[1957,34167,1997],{"className":34168},[2022],[1957,34170,2235],{"className":34171},[2234],[1957,34173,34175],{"className":34174},[2194],[1957,34176,34179],{"className":34177,"style":34178},[2198],"height:0.7693em;",[1957,34180],{},[1957,34182],{"className":34183},[2064,3633],[1798,34185,34186,1944],{},[1845,34187,34188],{},"结论",[1805,34190,34191,34275,34401],{},[1808,34192,34193,34274],{},[1957,34194,34196,34218],{"className":34195},[1960],[1957,34197,34199],{"className":34198},[1964],[1966,34200,34201],{"xmlns":1968},[1970,34202,34203,34215],{},[1973,34204,34205,34211,34213],{},[2983,34206,34207,34209],{},[1976,34208,31477],{},[1980,34210,4109],{},[1980,34212,3402],{},[1988,34214,1997],{},[2002,34216,34217],{"encoding":2004},"\\beta^* \u003C 1",[1957,34219,34221,34265],{"className":34220,"ariaHidden":1993},[2009],[1957,34222,34224,34227,34256,34259,34262],{"className":34223},[2013],[1957,34225],{"className":34226,"style":11801},[2017],[1957,34228,34230,34233],{"className":34229},[2022],[1957,34231,31477],{"className":34232,"style":31531},[2022,2023],[1957,34234,34236],{"className":34235},[2185],[1957,34237,34239],{"className":34238},[2189],[1957,34240,34242],{"className":34241},[2194],[1957,34243,34245],{"className":34244,"style":4145},[2198],[1957,34246,34247,34250],{"style":2221},[1957,34248],{"className":34249,"style":2207},[2206],[1957,34251,34253],{"className":34252},[2211,2212,2213,2214],[1957,34254,4109],{"className":34255},[2108,2214],[1957,34257],{"className":34258,"style":2028},[2027],[1957,34260,3402],{"className":34261},[2032],[1957,34263],{"className":34264,"style":2028},[2027],[1957,34266,34268,34271],{"className":34267},[2013],[1957,34269],{"className":34270,"style":2260},[2017],[1957,34272,1997],{"className":34273},[2022],"（不是完全激励）",[1808,34276,34277,34336,34337,34396,34397,34400],{},[1957,34278,34280,34298],{"className":34279},[1960],[1957,34281,34283],{"className":34282},[1964],[1966,34284,34285],{"xmlns":1968},[1970,34286,34287,34295],{},[1973,34288,34289],{},[2983,34290,34291,34293],{},[1976,34292,31477],{},[1980,34294,4109],{},[2002,34296,34297],{"encoding":2004},"\\beta^*",[1957,34299,34301],{"className":34300,"ariaHidden":1993},[2009],[1957,34302,34304,34307],{"className":34303},[2013],[1957,34305],{"className":34306,"style":11801},[2017],[1957,34308,34310,34313],{"className":34309},[2022],[1957,34311,31477],{"className":34312,"style":31531},[2022,2023],[1957,34314,34316],{"className":34315},[2185],[1957,34317,34319],{"className":34318},[2189],[1957,34320,34322],{"className":34321},[2194],[1957,34323,34325],{"className":34324,"style":4145},[2198],[1957,34326,34327,34330],{"style":2221},[1957,34328],{"className":34329,"style":2207},[2206],[1957,34331,34333],{"className":34332},[2211,2212,2213,2214],[1957,34334,4109],{"className":34335},[2108,2214]," 随 ",[1957,34338,34340,34358],{"className":34339},[1960],[1957,34341,34343],{"className":34342},[1964],[1966,34344,34345],{"xmlns":1968},[1970,34346,34347,34355],{},[1973,34348,34349],{},[2983,34350,34351,34353],{},[1976,34352,31029],{},[1988,34354,3592],{},[2002,34356,34357],{"encoding":2004},"\\sigma^2",[1957,34359,34361],{"className":34360,"ariaHidden":1993},[2009],[1957,34362,34364,34367],{"className":34363},[2013],[1957,34365],{"className":34366,"style":23330},[2017],[1957,34368,34370,34373],{"className":34369},[2022],[1957,34371,31029],{"className":34372,"style":2181},[2022,2023],[1957,34374,34376],{"className":34375},[2185],[1957,34377,34379],{"className":34378},[2189],[1957,34380,34382],{"className":34381},[2194],[1957,34383,34385],{"className":34384,"style":23330},[2198],[1957,34386,34387,34390],{"style":2221},[1957,34388],{"className":34389,"style":2207},[2206],[1957,34391,34393],{"className":34392},[2211,2212,2213,2214],[1957,34394,3592],{"className":34395},[2022,2214]," 增加而",[1845,34398,34399],{},"降低","（风险越大，激励越弱）",[1808,34402,34403,34336,34461,34396,34489,34491],{},[1957,34404,34406,34423],{"className":34405},[1960],[1957,34407,34409],{"className":34408},[1964],[1966,34410,34411],{"xmlns":1968},[1970,34412,34413,34421],{},[1973,34414,34415],{},[2983,34416,34417,34419],{},[1976,34418,31477],{},[1980,34420,4109],{},[2002,34422,34297],{"encoding":2004},[1957,34424,34426],{"className":34425,"ariaHidden":1993},[2009],[1957,34427,34429,34432],{"className":34428},[2013],[1957,34430],{"className":34431,"style":11801},[2017],[1957,34433,34435,34438],{"className":34434},[2022],[1957,34436,31477],{"className":34437,"style":31531},[2022,2023],[1957,34439,34441],{"className":34440},[2185],[1957,34442,34444],{"className":34443},[2189],[1957,34445,34447],{"className":34446},[2194],[1957,34448,34450],{"className":34449,"style":4145},[2198],[1957,34451,34452,34455],{"style":2221},[1957,34453],{"className":34454,"style":2207},[2206],[1957,34456,34458],{"className":34457},[2211,2212,2213,2214],[1957,34459,4109],{"className":34460},[2108,2214],[1957,34462,34464,34477],{"className":34463},[1960],[1957,34465,34467],{"className":34466},[1964],[1966,34468,34469],{"xmlns":1968},[1970,34470,34471,34475],{},[1973,34472,34473],{},[1976,34474,9623],{},[2002,34476,9623],{"encoding":2004},[1957,34478,34480],{"className":34479,"ariaHidden":1993},[2009],[1957,34481,34483,34486],{"className":34482},[2013],[1957,34484],{"className":34485,"style":5143},[2017],[1957,34487,9623],{"className":34488,"style":5028},[2022,2023],[1845,34490,34399],{},"（代理人越风险规避，激励越弱）",[1798,34493,34494,34495,1944],{},"这体现了",[1845,34496,34497],{},"激励与保险的权衡 (Incentive-Insurance Tradeoff)",[1805,34499,34500,34532],{},[1808,34501,34502,34503,34531],{},"强激励（高 ",[1957,34504,34506,34519],{"className":34505},[1960],[1957,34507,34509],{"className":34508},[1964],[1966,34510,34511],{"xmlns":1968},[1970,34512,34513,34517],{},[1973,34514,34515],{},[1976,34516,31477],{},[2002,34518,31586],{"encoding":2004},[1957,34520,34522],{"className":34521,"ariaHidden":1993},[2009],[1957,34523,34525,34528],{"className":34524},[2013],[1957,34526],{"className":34527,"style":11801},[2017],[1957,34529,31477],{"className":34530,"style":31531},[2022,2023],"）→ 代理人承担更多风险 → 需要更高风险溢价",[1808,34533,34534,34535,34563],{},"弱激励（低 ",[1957,34536,34538,34551],{"className":34537},[1960],[1957,34539,34541],{"className":34540},[1964],[1966,34542,34543],{"xmlns":1968},[1970,34544,34545,34549],{},[1973,34546,34547],{},[1976,34548,31477],{},[2002,34550,31586],{"encoding":2004},[1957,34552,34554],{"className":34553,"ariaHidden":1993},[2009],[1957,34555,34557,34560],{"className":34556},[2013],[1957,34558],{"className":34559,"style":11801},[2017],[1957,34561,31477],{"className":34562,"style":31531},[2022,2023],"）→ 代理人承担较少风险 → 但努力不足",[1794,34565,34567],{"id":34566},"五应用案例-applications","五、应用案例 (Applications)",[1883,34569,34571],{"id":34570},"_51-ceo薪酬设计","5.1 CEO薪酬设计",[1798,34573,34574,1944],{},[1845,34575,34576],{},"现实",[1805,34578,34579,34582],{},[1808,34580,34581],{},"股票期权、绩效奖金、长期激励计划",[1808,34583,34584,34585,3977],{},"高度依赖公司业绩（高 ",[1957,34586,34588,34601],{"className":34587},[1960],[1957,34589,34591],{"className":34590},[1964],[1966,34592,34593],{"xmlns":1968},[1970,34594,34595,34599],{},[1973,34596,34597],{},[1976,34598,31477],{},[2002,34600,31586],{"encoding":2004},[1957,34602,34604],{"className":34603,"ariaHidden":1993},[2009],[1957,34605,34607,34610],{"className":34606},[2013],[1957,34608],{"className":34609,"style":11801},[2017],[1957,34611,31477],{"className":34612,"style":31531},[2022,2023],[1798,34614,34615,1944],{},[1845,34616,34617],{},"理论解释",[1805,34619,34620,34623,34626],{},[1808,34621,34622],{},"CEO的努力难以观测（道德风险）",[1808,34624,34625],{},"通过将薪酬与股价挂钩来激励",[1808,34627,34628],{},"但CEO也承担了市场风险（非其控制因素）",[1798,34630,34631,1944],{},[1845,34632,34633],{},"争议",[1805,34635,34636,34639],{},[1808,34637,34638],{},"期权激励是否过度（Jensen-Murphy, 1990）",[1808,34640,34641],{},"短期主义（short-termism）问题",[1883,34643,34645],{"id":34644},"_52-信用评分与大数据筛选","5.2 信用评分与大数据筛选",[1798,34647,34648,1944],{},[1845,34649,34650],{},"传统",[1805,34652,34653,34656],{},[1808,34654,34655],{},"银行通过信用评分（FICO）筛选借款人",[1808,34657,34658],{},"抵押品要求、共同签署人",[1798,34660,34661,1944],{},[1845,34662,34663],{},"现代",[1805,34665,34666,34669,34672],{},[1808,34667,34668],{},"大数据和机器学习提高了类型识别能力",[1808,34670,34671],{},"减轻逆向选择问题",[1808,34673,34674],{},"但引发隐私和歧视问题",[1883,34676,34678],{"id":34677},"_53-医疗保险的共同支付","5.3 医疗保险的共同支付",[1798,34680,34681,1944],{},[1845,34682,9647],{},[1805,34684,34685,34688],{},[1808,34686,34687],{},"全额保险导致过度医疗消费",[1808,34689,34690,34691,34694,34695,34698],{},"保险公司通过",[1845,34692,34693],{},"共同支付 (co-payment)"," 和",[1845,34696,34697],{},"免赔额 (deductible)"," 来约束",[1798,34700,34701,1944],{},[1845,34702,34703],{},"权衡",[1805,34705,34706,34709],{},[1808,34707,34708],{},"降低道德风险 vs. 增加患者风险暴露",[1808,34710,34711],{},"最优设计需要平衡",[1883,34713,34715],{"id":34714},"_54-学历信号的社会成本","5.4 学历信号的社会成本",[1798,34717,34718,1944],{},[1845,34719,34720],{},"Spence模型的含义",[1805,34722,34723,34726,34729],{},[1808,34724,34725],{},"教育作为信号可能没有生产力价值（纯粹浪费）",[1808,34727,34728],{},"\"军备竞赛\"：所有人都提高学历，但相对地位不变",[1808,34730,34731],{},"社会福利损失",[1798,34733,34734,1944],{},[1845,34735,34736],{},"反驳",[1805,34738,34739,34742],{},[1808,34740,34741],{},"教育确实增加人力资本（人力资本理论 vs. 信号理论）",[1808,34743,34744],{},"实证难以区分两种效应",[1794,34746,34748],{"id":34747},"直觉总结-intuitive-summary","直觉总结 (Intuitive Summary)",[1883,34750,34752],{"id":34751},"逆向选择-vs-道德风险","逆向选择 vs. 道德风险",[34754,34755,34756,34770],"table",{},[34757,34758,34759],"thead",{},[34760,34761,34762,34766,34768],"tr",{},[34763,34764,34765],"th",{},"维度",[34763,34767,4603],{},[34763,34769,9647],{},[34771,34772,34773,34790,34803,34816,34829],"tbody",{},[34760,34774,34775,34781,34786],{},[34776,34777,34778],"td",{},[1845,34779,34780],{},"时间",[34776,34782,34783,34784],{},"签约",[1845,34785,1897],{},[34776,34787,34783,34788],{},[1845,34789,1918],{},[34760,34791,34792,34797,34800],{},[34776,34793,34794],{},[1845,34795,34796],{},"信息",[34776,34798,34799],{},"类型（type）不可观测",[34776,34801,34802],{},"行动（action）不可观测",[34760,34804,34805,34810,34813],{},[34776,34806,34807],{},[1845,34808,34809],{},"例子",[34776,34811,34812],{},"二手车质量、保险客户风险",[34776,34814,34815],{},"保险后谨慎度、员工努力",[34760,34817,34818,34823,34826],{},[34776,34819,34820],{},[1845,34821,34822],{},"解决方案",[34776,34824,34825],{},"信号传递、筛选",[34776,34827,34828],{},"激励合同、监督",[34760,34830,34831,34835,34838],{},[34776,34832,34833],{},[1845,34834,20889],{},[34776,34836,34837],{},"好类型退出市场、低类型被扭曲",[34776,34839,34840],{},"代理人承担过多风险",[1883,34842,34844],{"id":34843},"信号-vs-筛选","信号 vs. 筛选",[34754,34846,34847,34859],{},[34757,34848,34849],{},[34760,34850,34851,34853,34856],{},[34763,34852,9603],{},[34763,34854,34855],{},"信号传递 (Signaling)",[34763,34857,34858],{},"筛选 (Screening)",[34771,34860,34861,34874,34887,34899],{},[34760,34862,34863,34868,34871],{},[34776,34864,34865],{},[1845,34866,34867],{},"主动方",[34776,34869,34870],{},"信息优势方",[34776,34872,34873],{},"信息劣势方",[34760,34875,34876,34881,34884],{},[34776,34877,34878],{},[1845,34879,34880],{},"工具",[34776,34882,34883],{},"发送成本高昂的信号",[34776,34885,34886],{},"设计菜单合同",[34760,34888,34889,34893,34896],{},[34776,34890,34891],{},[1845,34892,34809],{},[34776,34894,34895],{},"教育文凭、品牌广告",[34776,34897,34898],{},"保险合同、价格歧视",[34760,34900,34901,34906,34909],{},[34776,34902,34903],{},[1845,34904,34905],{},"均衡",[34776,34907,34908],{},"分离\u002F混同均衡",[34776,34910,34911],{},"激励相容合同",[1883,34913,4564],{"id":4564},[1887,34915,34916,34922,34928,34934],{},[1808,34917,34918,34921],{},[1845,34919,34920],{},"信息租金 (Information Rent)","：信息优势方在均衡中获得额外收益",[1808,34923,34924,34927],{},[1845,34925,34926],{},"扭曲 (Distortion)","：为了分离类型，必须扭曲某些配置（通常是低类型）",[1808,34929,34930,34933],{},[1845,34931,34932],{},"第二最优 (Second-Best)","：信息不对称导致无法实现第一最优效率",[1808,34935,34936,34939],{},[1845,34937,34938],{},"激励-保险权衡","：激励代理人努力 vs. 为其提供保险",[1794,34941,34943],{"id":34942},"文献导读-literature-guide","文献导读 (Literature Guide)",[1798,34945,34946,1944],{},[1845,34947,34948],{},"奠基性论文",[1805,34950,34951,34959,34964,34969,34975],{},[1808,34952,34953,34954,34958],{},"Akerlof, G. (1970). \"The Market for 'Lemons': Quality Uncertainty and the Market Mechanism.\" ",[34955,34956,34957],"em",{},"QJE",".",[1808,34960,34961,34962,34958],{},"Spence, M. (1973). \"Job Market Signaling.\" ",[34955,34963,34957],{},[1808,34965,34966,34967,34958],{},"Rothschild, M., & Stiglitz, J. (1976). \"Equilibrium in Competitive Insurance Markets.\" ",[34955,34968,34957],{},[1808,34970,34971,34972,34958],{},"Stiglitz, J., & Weiss, A. (1981). \"Credit Rationing in Markets with Imperfect Information.\" ",[34955,34973,34974],{},"AER",[1808,34976,34977,34978,34958],{},"Holmström, B. (1979). \"Moral Hazard and Observability.\" ",[34955,34979,34980],{},"Bell Journal",[1798,34982,34983,1944],{},[1845,34984,34985],{},"教科书",[1805,34987,34988,34995,35002],{},[1808,34989,34990,34991,34994],{},"Bolton, P., & Dewatripont, M. (2005). ",[34955,34992,34993],{},"Contract Theory",". MIT Press.",[1808,34996,34997,34998,35001],{},"Laffont, J.-J., & Martimort, D. (2002). ",[34955,34999,35000],{},"The Theory of Incentives",". Princeton.",[1808,35003,35004,35005,34994],{},"Salanie, B. (2005). ",[34955,35006,35007],{},"The Economics of Contracts",[1798,35009,35010,1944],{},[1845,35011,35012],{},"应用领域",[1805,35014,35015,35018,35021,35024],{},[1808,35016,35017],{},"金融经济学：信贷配给、证券设计",[1808,35019,35020],{},"劳动经济学：工资合同、教育回报",[1808,35022,35023],{},"产业组织：质量信号、广告",[1808,35025,35026],{},"公共经济学：机制设计、最优税收",[1794,35028,35029],{"id":35029},"本章小结",[1798,35031,35032,35033,35035,35036,35038],{},"信息经济学揭示了信息不对称如何扭曲市场配置，并提供了理解现实经济制度（合同、信号、筛选）的理论框架。",[1845,35034,4603],{},"和",[1845,35037,9647],{},"是两种核心问题，前者发生在签约前（类型隐藏），后者发生在签约后（行动隐藏）。",[1798,35040,35041],{},"解决信息问题的机制包括：",[1887,35043,35044,35050,35056],{},[1808,35045,35046,35049],{},[1845,35047,35048],{},"信号传递","：信息优势方主动发送成本高昂的信号",[1808,35051,35052,35055],{},[1845,35053,35054],{},"筛选","：信息劣势方设计菜单合同诱导自我选择",[1808,35057,35058,35061],{},[1845,35059,35060],{},"激励合同","：通过绩效工资等激励不可观测的努力",[1798,35063,35064,35065,35067],{},"所有机制都涉及",[1845,35066,20889],{},"：相比完全信息的第一最优，信息不对称导致扭曲（低类型配置被压低）和风险承担（代理人承担本不应承担的风险）。理解这些权衡是设计最优合同和政策的关键。",[1794,35069,35070],{"id":35070},"自学检查",[1798,35072,35073,35076],{},[1845,35074,35075],{},"核心直觉回看","：信息经济学的重点是“谁知道什么、什么时候知道、能不能验证”。只要这些答案不同，价格和普通合同就可能筛选出错误的人，或激励出错误的行动。",[1798,35078,35079,35082,35083,35112,35113,35141],{},[1845,35080,35081],{},"关键模型提醒","：逆向选择通常写成类型 ",[1957,35084,35086,35100],{"className":35085},[1960],[1957,35087,35089],{"className":35088},[1964],[1966,35090,35091],{"xmlns":1968},[1970,35092,35093,35097],{},[1973,35094,35095],{},[1976,35096,9761],{},[2002,35098,35099],{"encoding":2004},"\\theta",[1957,35101,35103],{"className":35102,"ariaHidden":1993},[2009],[1957,35104,35106,35109],{"className":35105},[2013],[1957,35107],{"className":35108,"style":2118},[2017],[1957,35110,9761],{"className":35111,"style":5028},[2022,2023]," 的私人信息问题；道德风险通常写成行动 ",[1957,35114,35116,35129],{"className":35115},[1960],[1957,35117,35119],{"className":35118},[1964],[1966,35120,35121],{"xmlns":1968},[1970,35122,35123,35127],{},[1973,35124,35125],{},[1976,35126,1827],{},[2002,35128,1827],{"encoding":2004},[1957,35130,35132],{"className":35131,"ariaHidden":1993},[2009],[1957,35133,35135,35138],{"className":35134},[2013],[1957,35136],{"className":35137,"style":5143},[2017],[1957,35139,1827],{"className":35140},[2022,2023]," 不可观察的问题。合同设计必须同时满足参与约束（IR）和激励相容约束（IC）。",[1883,35143,35144],{"id":35144},"常见误区",[1805,35146,35147,35150,35153,35156],{},[1808,35148,35149],{},"把逆向选择和道德风险混在一起。前者是签约前隐藏类型，后者是签约后隐藏行动。",[1808,35151,35152],{},"认为信号只要“看起来好”就有效。有效信号必须让高类型和低类型的成本或收益不同。",[1808,35154,35155],{},"看到筛选菜单就只算利润，忘记检查不同类型是否真的愿意自我选择。",[1808,35157,35158],{},"把二阶最优的扭曲理解成设计错误。很多扭曲是信息约束下不得不付出的激励成本。",[1883,35160,35161],{"id":35161},"自测题",[1887,35163,35164,35167,35170,35173,35176],{},[1808,35165,35166],{},"二手车市场中，好车为什么会先退出市场？用买家的条件期望解释。",[1808,35168,35169],{},"教育信号模型中，分离均衡需要满足哪些激励约束？",[1808,35171,35172],{},"筛选和信号传递的主动方分别是谁？",[1808,35174,35175],{},"委托-代理模型中，为什么高激励工资通常也让代理人承担更多风险？",[1808,35177,35178],{},"现实中保险免赔额同时解决了哪些信息问题？",[1883,35180,35181],{"id":35181},"下一步学习提示",[1798,35183,35184],{},"机制设计会把本章的 IC 和 IR 约束抽象成一般工具。进入下一章时，请把“如何识别信息问题”推进到“如何设计规则让私人信息被正确揭示”。",[35186,35187],"hr",{},[1798,35189,35190,35193,35194,35197],{},[1845,35191,35192],{},"下一章","我们将学习",[1845,35195,35196],{},"机制设计理论","，从更一般的框架（显示原理、激励相容）出发，研究如何在信息不对称下设计最优机制，包括VCG机制、最优拍卖等核心应用。",{"title":10,"searchDepth":35199,"depth":35199,"links":35200},2,[35201,35202,35206,35211,35216,35220,35227,35233,35238,35239,35240],{"id":1796,"depth":35199,"text":1796},{"id":1839,"depth":35199,"text":1840,"children":35203},[35204],{"id":1885,"depth":35205,"text":1885},3,{"id":1933,"depth":35199,"text":1934,"children":35207},[35208,35209,35210],{"id":1937,"depth":35205,"text":1938},{"id":4607,"depth":35205,"text":4608},{"id":9585,"depth":35205,"text":9586},{"id":9724,"depth":35199,"text":9725,"children":35212},[35213,35214,35215],{"id":9728,"depth":35205,"text":9729},{"id":11757,"depth":35205,"text":11758},{"id":15972,"depth":35205,"text":15973},{"id":16922,"depth":35199,"text":16923,"children":35217},[35218,35219],{"id":16933,"depth":35205,"text":16934},{"id":20893,"depth":35205,"text":20894},{"id":21414,"depth":35199,"text":21415,"children":35221},[35222,35223,35224,35225,35226],{"id":21418,"depth":35205,"text":21419},{"id":22501,"depth":35205,"text":22502},{"id":23446,"depth":35205,"text":23447},{"id":27421,"depth":35205,"text":27422},{"id":30915,"depth":35205,"text":30916},{"id":34566,"depth":35199,"text":34567,"children":35228},[35229,35230,35231,35232],{"id":34570,"depth":35205,"text":34571},{"id":34644,"depth":35205,"text":34645},{"id":34677,"depth":35205,"text":34678},{"id":34714,"depth":35205,"text":34715},{"id":34747,"depth":35199,"text":34748,"children":35234},[35235,35236,35237],{"id":34751,"depth":35205,"text":34752},{"id":34843,"depth":35205,"text":34844},{"id":4564,"depth":35205,"text":4564},{"id":34942,"depth":35199,"text":34943},{"id":35029,"depth":35199,"text":35029},{"id":35070,"depth":35199,"text":35070,"children":35241},[35242,35243,35244],{"id":35144,"depth":35205,"text":35144},{"id":35161,"depth":35205,"text":35161},{"id":35181,"depth":35205,"text":35181},"逆向选择、信号传递、筛选机制、道德风险与委托代理模型","md",null,{},true,{"title":1590,"description":35245},"9YBLiUAz80I8103Q1JLtNH5-bFR7n1H56D5HlZgQpOw",[35253,35255],{"title":1584,"path":1585,"stem":1586,"description":35254,"children":-1},"古诺、伯特兰、斯塔克尔伯格模型、卡特尔稳定性、进入阻止",{"title":1596,"path":1597,"stem":1598,"description":35256,"children":-1},"显示原理、激励相容、VCG机制、收入等价与最优拍卖",1785754754764]