Matches in SemOpenAlex for { <https://semopenalex.org/work/W2020264361> ?p ?o ?g. }
Showing items 1 to 94 of
94
with 100 items per page.
- W2020264361 endingPage "1244" @default.
- W2020264361 startingPage "1228" @default.
- W2020264361 abstract "This paper examines the economic value of participative processes in the setting of long-term incentives. When informational asymmetries arise between employers (supervisors) and employees (subordinates) about future states, questions arise as to whether and when resolving these informational asymmetries produces economic gains. To address these questions, I use a two-period principal agent contracting framework in which the agent (employee) receives imperfect private information about the second period state in the first period, and make a welfare comparison between two alternative communication regimes. In the “delayed communication regime,” a report from the agent is considered only for second period contract. In the “early communication regime,” the report is considered for first period contracting as well. This regime can therefore be viewed as encouraging participation in long-term contracts. I identify conditions under which the early communication regime is strictly preferable to the delayed communication regime. Further, given some additional structure on the agent's preferences, this result obtains even if the agent can access capital markets to smooth inter-temporal consumption. Finally, I examine the setting in which the principal, at the time of contracting, has the option of whether or not to install an information system that provides the agent with private information about the future period state. I identify conditions under which installing the information system, and resolving the consequent information asymmetry through participation, is strictly preferable to not installing the information system." @default.
- W2020264361 created "2016-06-24" @default.
- W2020264361 creator A5043937783 @default.
- W2020264361 date "1994-10-01" @default.
- W2020264361 modified "2023-10-17" @default.
- W2020264361 title "Information Asymmetry, Participation, and Long-Term Contracts" @default.
- W2020264361 cites W1491272445 @default.
- W2020264361 cites W1524369538 @default.
- W2020264361 cites W1917566546 @default.
- W2020264361 cites W1964770657 @default.
- W2020264361 cites W2002533153 @default.
- W2020264361 cites W2006532445 @default.
- W2020264361 cites W2015264714 @default.
- W2020264361 cites W2056393422 @default.
- W2020264361 cites W2056477853 @default.
- W2020264361 cites W2063935305 @default.
- W2020264361 cites W2152411753 @default.
- W2020264361 cites W2312337846 @default.
- W2020264361 cites W2317674043 @default.
- W2020264361 cites W2319837487 @default.
- W2020264361 cites W2328603882 @default.
- W2020264361 cites W330059059 @default.
- W2020264361 doi "https://doi.org/10.1287/mnsc.40.10.1228" @default.
- W2020264361 hasPublicationYear "1994" @default.
- W2020264361 type Work @default.
- W2020264361 sameAs 2020264361 @default.
- W2020264361 citedByCount "18" @default.
- W2020264361 countsByYear W20202643612012 @default.
- W2020264361 countsByYear W20202643612014 @default.
- W2020264361 countsByYear W20202643612016 @default.
- W2020264361 countsByYear W20202643612019 @default.
- W2020264361 crossrefType "journal-article" @default.
- W2020264361 hasAuthorship W2020264361A5043937783 @default.
- W2020264361 hasConcept C100243477 @default.
- W2020264361 hasConcept C111919701 @default.
- W2020264361 hasConcept C121332964 @default.
- W2020264361 hasConcept C123676819 @default.
- W2020264361 hasConcept C137577040 @default.
- W2020264361 hasConcept C144024400 @default.
- W2020264361 hasConcept C144133560 @default.
- W2020264361 hasConcept C144559511 @default.
- W2020264361 hasConcept C162324750 @default.
- W2020264361 hasConcept C175444787 @default.
- W2020264361 hasConcept C29122968 @default.
- W2020264361 hasConcept C30772137 @default.
- W2020264361 hasConcept C34447519 @default.
- W2020264361 hasConcept C36289849 @default.
- W2020264361 hasConcept C38652104 @default.
- W2020264361 hasConcept C40700 @default.
- W2020264361 hasConcept C41008148 @default.
- W2020264361 hasConcept C61797465 @default.
- W2020264361 hasConcept C62520636 @default.
- W2020264361 hasConcept C99221444 @default.
- W2020264361 hasConceptScore W2020264361C100243477 @default.
- W2020264361 hasConceptScore W2020264361C111919701 @default.
- W2020264361 hasConceptScore W2020264361C121332964 @default.
- W2020264361 hasConceptScore W2020264361C123676819 @default.
- W2020264361 hasConceptScore W2020264361C137577040 @default.
- W2020264361 hasConceptScore W2020264361C144024400 @default.
- W2020264361 hasConceptScore W2020264361C144133560 @default.
- W2020264361 hasConceptScore W2020264361C144559511 @default.
- W2020264361 hasConceptScore W2020264361C162324750 @default.
- W2020264361 hasConceptScore W2020264361C175444787 @default.
- W2020264361 hasConceptScore W2020264361C29122968 @default.
- W2020264361 hasConceptScore W2020264361C30772137 @default.
- W2020264361 hasConceptScore W2020264361C34447519 @default.
- W2020264361 hasConceptScore W2020264361C36289849 @default.
- W2020264361 hasConceptScore W2020264361C38652104 @default.
- W2020264361 hasConceptScore W2020264361C40700 @default.
- W2020264361 hasConceptScore W2020264361C41008148 @default.
- W2020264361 hasConceptScore W2020264361C61797465 @default.
- W2020264361 hasConceptScore W2020264361C62520636 @default.
- W2020264361 hasConceptScore W2020264361C99221444 @default.
- W2020264361 hasIssue "10" @default.
- W2020264361 hasLocation W20202643611 @default.
- W2020264361 hasOpenAccess W2020264361 @default.
- W2020264361 hasPrimaryLocation W20202643611 @default.
- W2020264361 hasRelatedWork W1875750756 @default.
- W2020264361 hasRelatedWork W2000002882 @default.
- W2020264361 hasRelatedWork W2131674904 @default.
- W2020264361 hasRelatedWork W2156665530 @default.
- W2020264361 hasRelatedWork W2597098157 @default.
- W2020264361 hasRelatedWork W3007590317 @default.
- W2020264361 hasRelatedWork W3041317537 @default.
- W2020264361 hasRelatedWork W3124914731 @default.
- W2020264361 hasRelatedWork W3144619778 @default.
- W2020264361 hasRelatedWork W4298051229 @default.
- W2020264361 hasVolume "40" @default.
- W2020264361 isParatext "false" @default.
- W2020264361 isRetracted "false" @default.
- W2020264361 magId "2020264361" @default.
- W2020264361 workType "article" @default.