Study on Revenue-Sharing Contract Based on Downside-Risk-Averse Agents under the 'Farmers + Company' Model

摘要

With the development of biomass energy industry in China, the research of contract design, concerning biomass energy raw crop in "farmers + company" model, is significant both practically and theoretically. This paper, taking in the consideration of the practical situation between company and farmer in China, establishes a two-stage supply chain under the revenue-sharing model based on economics and game theory. And optimum order quantity with related coefficients is calculated under risk neutral case and downside-risk-averse case. This is followed by a numerical ex-ample to verify the research before. Ultimately, an optimal coordination strategy is concluded, which promotes the advance and development of biomass energy industry in China.