Screening ethics when honest agents keep their word

被引:17
作者
Alger, Ingela
Renault, Regis
机构
[1] Boston Coll, Dept Econ, Chestnut Hill, MA 02467 USA
[2] Univ Cergy Pontoise, THEMA, F-95011 Cergy Pontoise, France
[3] Inst Univ France, F-75005 Paris, France
关键词
ethics; honesty; loyalty; adverse selection; screening; INFORMATION; INSURANCE; COLLUSION; EVASION;
D O I
10.1007/s00199-005-0057-3
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a principal-agent setting, we introduce honesty that requires pre-commitment. The principal offers a menu of mechanisms to screen ethics. Agents may misrepresent ethics. Dishonest agents may misrepresent the match with the assigned task (good or bad), while honest agents reveal the match honestly if they have pre-committed. Ethics-screening, that allows for match-screening with dishonest agents while leaving a lower rent to honest agents, is optimal if both honesty and a good match are likely. Otherwise the optimal mechanism is the standard second-best or the first-best (where dishonest agents misrepresent the match), if dishonesty is likely or unlikely respectively.
引用
收藏
页码:291 / 311
页数:21
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