Overstatement and Rational Market Expectation

When an agent overstates his/her true performance, a rational market can still correctly guess the true performance. This paper shows, however, that such rational market expectation and a profit-maximizing principal can exacerbate the lack of productive effort by the agent

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Year of publication:	2010
Authors:	Kwon, Illoong
Publisher:	[S.l.] : SSRN
Subject:	Erwartungsbildung \| Expectation formation \| Rationale Erwartung \| Rational expectations \| Rationalität \| Rationality \| Theorie \| Theory
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 104, No. 1, 2009 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2009 erstellt Volltext nicht verfügbar
Classification:	L2 - Firm Objectives, Organization, and Behavior ; D8 - Information and Uncertainty ; J3 - Wages, Compensation, and Labor Costs
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014198470