논문목차
The Allocation of Authority and Information Revelation
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AuthorDongryul Lee (Sungshin University)
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Year2014
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VolumeVol.30
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NumberNo.1
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We study the allocation of authority and the possibility of information revelation in a
principal-agent model where the principal faces both problems of adverse selection and
moral hazard. We find that the consideration for information asymmetry and effort
incentive for the agent makes the principal more likely delegate. Interestingly, we find that
the informed agent has an ex-ante incentive to commit to reveal his information to the
principal voluntarily if the information is hard. -
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