منابع مشابه
Noncooperative Collusion under Imperfect Price Information
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive o...
متن کاملMaking Corruption Harder: Asymmetric Information, Collusion, and Crime∗
We model the investigation of criminal activity as a principal-agent-monitor problem in which the agent can corrupt the monitor and side-contract to destroy evidence. Building on insights from Laffont and Martimort (1997) we study whether the principal can benefit from endogenously creating asymmetric information between the agent and the monitor. We show that the principal can benefit from ran...
متن کاملMaking Collusion Hard: Asymmetric Information as a Counter-Corruption Measure∗
We study the problem of a principal who relies on the reports of a monitor to provide incentives to an agent. We allow for collusion, so that the agent and monitor can side-contract on what report to send. We show that the principal can benefit from creating endogenous asymmetric information between the agent and the monitor, thereby making side-contracting more difficult. Specifically, it may ...
متن کاملDynamic Investment under Asymmetric Information
TAbstract T—This paper develops a tractable real options framework to analyze the effects of asymmetric information on firms' investment decisions when firms issue equity to finance investment. We assume that firm insiders exactly know the firms' growth prospects, but outside investors do not know. Our analysis shows that, under equity financing, the corporate insiders can signal their private ...
متن کامل" Resource Allocation under Asymmetric Information
It may be downloaded, printed and reproduced only for personal or classroom use. Absolutely no downloading or copying may be done for, or on behalf of, any for-profit commercial firm or other commercial purpose without the explicit permission of the Econometric Society. For this purpose, contact Claire Sashi, General Manager, at [email protected]. Terms and Conditions of Use provides...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrica
سال: 1997
ISSN: 0012-9682
DOI: 10.2307/2171943