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
Pages
6
From page
77
To page
82
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
Serial Year
2004
Journal title
Economics Letters
Record number
435328
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