We modify a standard Baron-Myerson model by assuming that, instead of knowing the cost of nature, the agent has to incur a cost 'g' to learn it.Under these conditions, the principal will offer contracts that, dependingon the value of 'g', try to induce the agent to gather or not to gather...

This paper explores the implications of different institutional arrangements for allocating policy-making authority among confederated districts. Using a variation on the spatial model of political competition, we compare different rules for aggregating preferences acrossthese jurisdictions,...

We study how optimal contracts are modified when the agent has the possibility to acquire information before the contract is offered to him. We consider a situation in which this information is always available to the agent just before producing. Therefore, prior information acquisition is...

This paper examines the role of information in the management of railway entreprises from 1900 to c1921. Historically the railway sector has been as backward in adopting new management techniques. Only the North Eastern Railway and its use of statistical analysis for management control has been...

Collaborative supply relationships (CSRs) are growing in significance in contemporary inter-organizational management. Their growing significance apart, they are distinguished from traditional buyer-supplier relationships by their unique characteristics. These unique characteristics have...

Recently, Hammersley (What's Wrong with Ethnography: Routledge: 1992) and Silverman ( Interpreting Qualitative Data: 1993) have de-emphasised the distinction between qualitative and quantitative research and suggested to integrate them to make social science more valid. I argue that the...

This paper sets out to determine what is the strategic positioning of the Spanish Savings Banks, on the basis of published financial information.

Drawing on actor-network theory, this study examines the role of financial and non-financial information in the stabilization of collaborative supply relationships (CSRs).

This paper apportions responsability for inefficency in a market for state contingent claims between market makers and traders. We specifically examine the origins of a frequently observed distortion in the market for bets in horseraces- the favorite- longshot bias. Previous studies rationalise...

Much of the literature on Executive Information Systems (EIS) development provides lists of factors critical to the successful EIS development. This paper argues that a better understanding of the relationship between key sucess factors and the EIS development is required if sucess factors are...