Non-Monetary Collusion and Optimal Use of Information

M. Leppamaki

University of Helsinki, Department of Economics from Department of Economics

Abstract: This paper develops a theory of non-monetary collusion, where agents exchange favours. We examine the optimal use of information in a simple hierarchy. It is shown that when only the supervisor's information about agent is used, collusion does not arise, since favours cannot be exchanged.

Keywords: INFORMATION; TRANSACTIONS (search for similar items in EconPapers)
JEL-codes: D23 D73 D82 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:helsec:437

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