Showing 1 - 8 of 8
This paper studies how information control affects incentives for collusion and optimal organizational structures in principal-supervisor-agent relationships. I consider a model in which the principal designs the supervisor's signal on the productive agent's private information and the...
Persistent link: https://www.econbiz.de/10012415488
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This paper studies the welfare effects of wholesale price discrimination between downstream firms operating under different regulatory systems. I model a monopolistic intermediate good market in which production cost differences between downstream firms may be due to regulatory or technological...
Persistent link: https://www.econbiz.de/10012145225
This paper studies how information control affects incentives for collusion and optimal organizational structures in principal-supervisor-agent relationships. I consider a model in which the principal designs the supervisor's signal on the productive agent's private information and the...
Persistent link: https://www.econbiz.de/10012160310
Persistent link: https://www.econbiz.de/10011702825
Persistent link: https://www.econbiz.de/10014558595
This paper studies how certification design is affected by the objective of the designer. Our model features a profit-maximizing certifier offering his services to the seller of a good of unknown quality. We allow for common values as the seller’s cost may depend on the quality of the good. We...
Persistent link: https://www.econbiz.de/10014237568
This paper studies information orders in screening models with quasilinear preferences. I amend a general screening problem with a public signal about the agent's type and provide robust rankings of signals from the principal's perspective. The principal prefers one signal to another for any...
Persistent link: https://www.econbiz.de/10014078440