Ranking of information systems in agency models: an integral condition

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

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Year of publication:	2000-02-17
Authors:	Demougin, Dominique ; Fluet, Claude
Published in:	Humboldt-Universität zu Berlin - Walther-Rathenau-Institut für Organisationstheorie - Publikationen Economic Theory ; 17, 489–496 (2001)
Publisher:	Universität <Berlin, Humboldt-Universität> / Walther-Rathenau-Institut für Organisationstheorie
Subject:	Moral hazard \| Organisationstheorie \| organization theory \| Informationssystem

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Extent:	59392 bytes 8 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	D8 - Information and Uncertainty ; Theory of organisation ; Sociological and psychological aspects ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)