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Information Structures and the Delegation of Monitoring

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  • Pau Olivella

Abstract

If the owner of a firm cannot commit ex-ante to monitor his workers and the monitoring technology may accuse a diligent worker of shirking (produce a "false positive"), the lack of commitment problem is extremely severe : the worker may shirk even if monitoring is costless. However, the same presence of false positives is necessary for this commitment problem to be fully resolved either through delegation of monitoring or through contracting with a passive third party.

Suggested Citation

  • Pau Olivella, 1995. "Information Structures and the Delegation of Monitoring," Annals of Economics and Statistics, GENES, issue 39, pages 1-32.
    • Handle: RePEc:adr:anecst:y:1995:i:39:p:1-32
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    2. Pau Olivella, 1995. "Information Structures and the Delegation of Monitoring," Annals of Economics and Statistics, GENES, issue 39, pages 1-32.
    3. Olivella, P. & Aron, D.J., 1991. "Bonuses and Penalties as Equilibrium Incentive Devices, with Application to Manufacturing Systems," UFAE and IAE Working Papers 153.91, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

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