The costs and benefits of additional information in agency models with endogenous information structures

We study the effect of additional private information in an agency model with an endogenous information structure. If more private information becomes available to the agent, this may hurt the agent, benefit the principal, and affect the total surplus ambiguously.

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Year of publication:	2010
Authors:	Hoppe, Eva I. ; Schmitz, Patrick W.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 107.2010, 1, p. 58-62
Publisher:	Elsevier
Keywords:	Hidden information Adverse selection Information gathering

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008551397