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This paper studies how information control affects incentives for collusion and optimal organizational structures in …
Persistent link: https://www.econbiz.de/10012160310
This paper studies how information control affects incentives for collusion and optimal organizational structures in …
Persistent link: https://www.econbiz.de/10012415488
Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...
Persistent link: https://www.econbiz.de/10012491609
challenge. We characterize an equilibrium delegation rule with two key properties: a) some high-skilled politicians may select …
Persistent link: https://www.econbiz.de/10014229853
behavior, that takes the form of collusion or blackmail, on the part of members of a simple hierarchical structure. We focus on …-blowing, creates incentives for the uninformed colluding party to walk out of the side deal and report to the principal that collusion …
Persistent link: https://www.econbiz.de/10010518807
Persistent link: https://www.econbiz.de/10013369916
behavior, that takes the form of collusion or blackmail, on the part of members of a simple hierarchical structure. We focus on …-blowing, creates incentives for the uninformed colluding party to walk out of the side deal and report to the principal that collusion …
Persistent link: https://www.econbiz.de/10013022506
Persistent link: https://www.econbiz.de/10012430447
We study the general problem of information design for a policymaker—a central bank—that communicates its private information (the ``state") to the public. We show that it is optimal for the policymaker to partition the state space into a finite number of ``clusters” and to communicate to...
Persistent link: https://www.econbiz.de/10012181571
An uninformed sender designs a mechanism that discloses information about her type to a privately informed receiver, who then decides whether to act. I impose a single-crossing assumption, so that the receiver with a higher type is more willing to act. Using a linear programming approach, I...
Persistent link: https://www.econbiz.de/10011856702