Non-Monetary Collusion and Optimal Use of Information
AbstractThis 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.
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Bibliographic InfoPaper provided by Department of Economics in its series University of Helsinki, Department of Economics with number 437.
Length: 32 pages
Date of creation: 1998
Date of revision:
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INFORMATION ; TRANSACTIONS;
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