Ranking of information systems in agency models: an integral condition

Claude Fluet and Dominique Demougin ()

Economic Theory, 2001, vol. 17, issue 2, 489-496

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

Keywords: Moral hazard; Information systems. (search for similar items in EconPapers)
JEL-codes: D8 (search for similar items in EconPapers)
Date: 2000-11-14
Note: Received: November 10, 1999; revised version: February 17, 2000
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Citations: View citations in EconPapers (6)

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Working Paper: Ranking of Information Systems in Agency Models: An Integral Condition (1998)
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