Does a non-verifiable imperfect informative binary signal always create a strictly positive value?

Nien Pen Liu, Dachrahn Wu

研究成果: 雜誌貢獻期刊論文同行評審

摘要

Owing to the difference between the status quo utility levels of a good agent and a bad agent, we find that a firm adopting a non-verifiable imperfect informative binary signal does not necessarily change its action (on trading off output efficiency against rent extraction). Hence, the signal does not always create a strictly positive value for the firm.

原文???core.languages.en_GB???
期刊Economics Bulletin
10
發行號7
出版狀態已出版 - 21 6月 2007

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