Detail Information Control in The Principal-Agent Problem   Oleh:  Sobel, Joel Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 2 (1993), page 259-270. Topik: INFORMATION; information control; principal - agent problem Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper compares the principal's payoff in agency model under different assumptions about the agent's access to information. The agent may make decisions before (is uninformed) or after (is informed) learning the state of nature. When there are two possible outcomes, the principal typically prefers informed to uninformed agents, whether the agent receives the information before or after contracting. This result is false when there are more than two outcomes. Conditions under which a principal prefers one agent to another, when the agents differ only in their disutility of effort, are also given. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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