Title of article :
Delegated expertise—when are good projects bad news?
Author/Authors :
Eberhard Feess، نويسنده , , Markus Walzl، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2004
Abstract :
We analyze a model of delegated expertise with limited liability where the agentʹs information depends on his unobservable effort. The principalʹs profit may decrease in the percentage of good projects if and only if the agent has private information.
Keywords :
Delegated expertise , Information revelation , Hidden action , limited liability
Journal title :
Economics Letters
Journal title :
Economics Letters
