Collusion in hierarchical agency
WebCollusioninHierarchicalAgency FredKofmanandJacquesLawarree WorkingPaper#3188-90-EFA MASSACHUSETTS INSTITUTEOFTECHNOLOGY 50MEMORIALDRIVE … Webcollusion: 1 n secret agreement Type of: agreement , arrangement the thing arranged or agreed to n agreement on a secret plot Synonyms: connivance Types: cahoot collusion …
Collusion in hierarchical agency
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Web2 days ago · In his speech, which lasted shorter than his usual one hour-plus rants, Trump repeated his attacks on the 51 intelligence agents who reportedly claimed collusion … WebHowever, asymmetric information between these two parties can cause a "collusion failure", which undermines the coalitional efficiency. In that case, we show that the principal can increase his payoff, by manipulating the agent's opportunity cost for colluding with the supervisor. Delegating the authority to contract with the agent to the ...
WebCollusion and delegation Jean-Jacques Laffont* and David Martimort** We discuss the internal organization of the firm, arguing that the comparison between a centralized and a decentralized hierarchical organization should be cast in terms of the agency costs associated with the different side-contracting games that agents play in these ... WebJan 1, 1998 · Collusion in hierarchical agency. Econometrica, 61 (1993), pp. 629-656. CrossRef Google Scholar. Kofman and Lawarree, 1996. F. Kofman, J. Lawarree. A prisoner's dilemma model of collusion deterrence. Journal of Public Economics, 59 (1996), pp. 117-136. View PDF View article View in Scopus Google Scholar.
WebCOLLUSION IN HIERARCHICAL AGENCY BY FRED KOFMAN AND JACQUES LAWARREE1 In this model, shareholders can use auditors' reports to contract with a privately-informed manager. Our imperfect audit technology allows the auditor and the … WebJun 1, 2024 · Collusion in Hierarchical Agency. Article. Feb 1993; ECONOMETRICA; Fred Kofman; J. Lawarree; In this model, shareholders can use auditors' reports to contract with a privately-informed manager ...
WebThe standard ex post type of collusion is a supervisor-agent agreement to misrepresent the outcome of supervision. Under ex ante collusion the agent makes a side transfer to the supervisor, who, in return, stops monitoring the agent's productivity. Extending Tirole's [1986] model of hierarchy to include ex ante collusion and supervision costs, we show …
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