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??? |
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期刊 | Economics Bulletin |
卷 | 10 |
發行號 | 7 |
出版狀態 | 已出版 - 21 6月 2007 |