Ranking of information systems in agency models: an integral condition

被引：13

作者：

Demougin, D

Fluet, C

机构：

[1] Univ Quebec, Montreal, PQ H3C 3P8, Canada

[2] Univ Magdeburg, D-39106 Magdeburg, Germany

来源：

ECONOMIC THEORY | 2001年 / 17卷 / 02期

关键词：

moral hazard; information systems;

D O I：

10.1007/PL00004116

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We provide a condition for ranking of information systems in agency problems. The condition has a straightforward economic interpretation in terms of the sensitivity of a cumulative distribution with respect to the agent's effort. The criterion is shown to be equivalent to the mean preserving spread condition on the likelihood ratio distributions.

引用

页码：489 / 496

页数：8

共 7 条

[1] MEASUREMENT OF INEQUALITY [J].