Risk averse supervisors and the efficiency of collusion
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Faure-Grimaud Antoine & Laffont Jean-Jacques & Martimort David, 2003. "Risk Averse Supervisors and the Efficiency of Collusion," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 2(1), pages 1-32, January.
References listed on IDEAS
- David Martimort, 1999. "The Life Cycle of Regulatory Agencies: Dynamic Capture and Transaction Costs," Review of Economic Studies, Oxford University Press, vol. 66(4), pages 929-947.
- Baliga, Sandeep, 1999. "Monitoring and Collusion with "Soft" Information," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(2), pages 434-440, July.
- Steven Shavell, 1979. "Risk Sharing and Incentives in the Principal and Agent Relationship," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 55-73, Spring.
- Leonardo Felli & J. Miguel Villas‐Boas, 2000. "Renegotiation and Collusion in Organizations," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 9(4), pages 453-483, December.
- Faure-Grimaud, Antoine & Laffont, Jean-Jacques & Martimort, David, 1999. "The endogenous transaction costs of delegated auditing," European Economic Review, Elsevier, vol. 43(4-6), pages 1039-1048, April.
- Bull, Jesse & Watson, Joel, 2004.
"Evidence disclosure and verifiability,"
Journal of Economic Theory, Elsevier, vol. 118(1), pages 1-31, September.
- Bull, Jesse & Watson, Joel, 2000. "Evidence Disclosure and Verifiability," University of California at San Diego, Economics Working Paper Series qt6th0060j, Department of Economics, UC San Diego.
- Bull, Jesse & Watson, Joel, 2002. "Evidence Disclosure and Verfiability," University of California at San Diego, Economics Working Paper Series qt19p7z2gm, Department of Economics, UC San Diego.
- Bengt Holmstrom, 1979.
"Moral Hazard and Observability,"
Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring.
- Bengt Holmstrom, 1997. "Moral Hazard and Observability," Levine's Working Paper Archive 1205, David K. Levine.
- HOLMSTROM, Bengt, 1979. "Moral hazard and observability," LIDAM Reprints CORE 379, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jean‐Jacques Laffont & David Martimort, 1997.
"The Firm as a Multicontract Organization,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 6(2), pages 201-234, June.
- Laffont, J.J. & Martimort, D., 1996. "The Firm as a Multicontact Organization," Papers 95.390, Toulouse - GREMAQ.
- Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, December.
- Tirole, Jean, 1986. "Hierarchies and Bureaucracies: On the Role of Collusion in Organizations," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 2(2), pages 181-214, Fall.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Iossa, Elisabetta & Martimort, David, 2016.
"Corruption in PPPs, incentives and contract incompleteness,"
International Journal of Industrial Organization, Elsevier, vol. 44(C), pages 85-100.
- Elisabetta Iossa & David Martimort, 2014. "Corruption in PPPs, Incentives and Contract Incompleteness," IEFE Working Papers 67, IEFE, Center for Research on Energy and Environmental Economics and Policy, Universita' Bocconi, Milano, Italy.
- Elisabetta Iossa & David Martimort, 2016. "Corruption in PPPs, incentives and contract incompleteness," Post-Print halshs-01328626, HAL.
- Elisabetta Iossa & David Martimort, 2014. "Corruption in PPPs, Incentives and Contract Incompleteness," The Centre for Market and Public Organisation 14/325, The Centre for Market and Public Organisation, University of Bristol, UK.
- Martimort, David & Iossa, Elisabetta, 2015. "Corruption in PPPs, Incentives and Contract Incompleteness," CEPR Discussion Papers 10925, C.E.P.R. Discussion Papers.
- Elisabetta Iossa & David Martimort, 2016. "Corruption in PPPs, incentives and contract incompleteness," PSE-Ecole d'économie de Paris (Postprint) halshs-01328626, HAL.
- Elisabetta Iossa & David Martimort, 2016. "Corruption in PPPs, incentives and contract incompleteness," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-01328626, HAL.
- Elisabetta Iossa & David Martimort, 2014. "Corruption in PPPs, Incentives and Contract Incompleteness," CEIS Research Paper 317, Tor Vergata University, CEIS, revised 18 Jul 2014.
- Hiriart, Yolande & Martimort, David & Pouyet, Jerome, 2010.
"The public management of risk: Separating ex ante and ex post monitors,"
Journal of Public Economics, Elsevier, vol. 94(11-12), pages 1008-1019, December.
- Yolande Hiriart & David Martimort & Jérôme Pouyet, 2009. "The public management of risk: Separating ex ante and ex post monitors," Working Papers halshs-00566863, HAL.
- David Martimort & Yolande Hiriart & Jérôme Pouyet, 2010. "The public management of risk: Separating ex ante and ex post monitors," Post-Print halshs-00754410, HAL.
- Yolande Hiriart & David Martimort & Jerome Pouyet, 2010. "The Public Management of Risk: Separating Ex Ante and Ex Post Monitors," Working Papers 2010.144, Fondazione Eni Enrico Mattei.
- Hiriart, Yolande & Martimort, David & Pouyet, Jerome, 2010. "The Public Management of Risk: Separating Ex Ante and Ex Post Monitors," Institutions and Markets Papers 98454, Fondazione Eni Enrico Mattei (FEEM).
- Yolande Hiriart & David Martimort & Jérôme Pouyet, 2009. "The public management of risk: Separating ex ante and ex post monitors," PSE Working Papers halshs-00566863, HAL.
- David Martimort & Yolande Hiriart & Jérôme Pouyet, 2010. "The public management of risk: Separating ex ante and ex post monitors," PSE-Ecole d'économie de Paris (Postprint) halshs-00754410, HAL.
- De Chiara, Alessandro & Livio, Luca, 2017.
"The threat of corruption and the optimal supervisory task,"
Journal of Economic Behavior & Organization, Elsevier, vol. 133(C), pages 172-186.
- Alessandro De Chiara & Luca Livio, 2015. "The Threat of Corruption and the Optimal Supervisory Task," Working Papers ECARES ECARES 2015-37, ULB -- Universite Libre de Bruxelles.
- Fahad Khalil & Jacques Lawarrée & Sungho Yun, 2007.
"Bribery vs. Extortion: Allowing the Lesser of two Evils,"
CESifo Working Paper Series
1993, CESifo.
- Fahad Khalil & Jacques Lawarree & Sungho Yun, 2009. "Bribery vs. extortion: allowing the lesser of two evils," Working Papers UWEC-2007-11-P, University of Washington, Department of Economics, revised Jul 2009.
- Orhan Hilmi Yazar, 2015. "Regulation with Chinese Characteristics: Deciphering Banking Regulation in China," Journal of Current Chinese Affairs - China aktuell, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 44(2), pages 135-166.
- Swetha Ramachandran, 2023. "Unravelling aid funding: Linking funding allocation patterns and localization in Sierra Leone," WIDER Working Paper Series wp-2023-105, World Institute for Development Economic Research (UNU-WIDER).
- Fahad Khalil & Jacques Lawarrée, 2006.
"Incentives For Corruptible Auditors In The Absence Of Commitment,"
Journal of Industrial Economics, Wiley Blackwell, vol. 54(2), pages 269-291, June.
- Fahad Khalil & Jacques Lawarree, 2004. "Incentives for Corruptible Auditors in the Absence of Commitment," Working Papers UWEC-2003-02-FC, University of Washington, Department of Economics.
- Fahad Khalil & Jacques Lawarree, 2006. "Incentives for corruptible auditors in the absence of commitment," Working Papers UWEC-2005-09-P, University of Washington, Department of Economics.
- Fahad Khalil & Jacques Lawarree, 2006. "Incentives for corruptible auditors in the absence of commitment," ULB Institutional Repository 2013/245733, ULB -- Universite Libre de Bruxelles.
- David Martimort & Stephane Straub, 2006. "Privatization and Changes in Corruption Patterns: The Roots of Public Discontent," Edinburgh School of Economics Discussion Paper Series 147, Edinburgh School of Economics, University of Edinburgh.
- Martimort, David & Straub, Stéphane, 2009. "Infrastructure privatization and changes in corruption patterns: The roots of public discontent," Journal of Development Economics, Elsevier, vol. 90(1), pages 69-84, September.
- Fahad Khalil & Jacques Lawarrée & Troy J. Scott, 2015.
"Private monitoring, collusion, and the timing of information,"
RAND Journal of Economics, RAND Corporation, vol. 46(4), pages 872-890, October.
- Fahad Khalil & Jacques Lawarree & Troy J Scott, 2011. "Private Monitoring, Collusion and the Timing of Information," Working Papers UWEC-2011-08, University of Washington, Department of Economics.
- Fahad Khalil & Jacques Lawarrée & Troy J. Scott, 2013. "Private Monitoring, Collusion and the Timing of Information," CESifo Working Paper Series 4497, CESifo.
- Barlo, Mehmet & Ayca, Ozdogan, 2012. "Team beats collusion," MPRA Paper 37449, University Library of Munich, Germany.
- Martimort, David & Pouyet, Jérôme & Hiriart, Yolande, 2005. "The Public Management of Environmental Risk: Separating Ex Ante and Ex Post Monitors," CEPR Discussion Papers 4992, C.E.P.R. Discussion Papers.
- Scholz, Julia, 2008. "Auswirkungen vertikaler Kollusionsprobleme auf die vertragliche Ausgestaltung von Kreditverkäufen," Discussion Papers in Business Administration 4581, University of Munich, Munich School of Management.
- Yu, Xinning & Lan, Yanfei & Zhao, Ruiqing, 2018. "Cooperation royalty contract design in research and development alliances: Help vs. knowledge-sharing," European Journal of Operational Research, Elsevier, vol. 268(2), pages 740-754.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Antoine Faure-Grimaud & Jean-Jacques Laffont & David Martimort, 2000.
"A Theory of Supervision with Endogenous Transaction Costs,"
Annals of Economics and Finance, Society for AEF, vol. 1(2), pages 231-263, November.
- Antoine Faure-Grimaud & Jean-Jacques Laffont & David Martimort, 1998. "A Theory of Supervision with Endogenous Transaction Costs," STICERD - Theoretical Economics Paper Series 356, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Antoine Faure-Grimaud & Jean-Jacques Laffont & David Martimort, 1999. "A Theory of Supervision with Endogenous Transaction Costs," CEMA Working Papers 21, China Economics and Management Academy, Central University of Finance and Economics, revised Oct 2000.
- Faure-Grimaud, Antoine & Laffont, Jean-Jacques & Martimort, David, 1998. "A Theory of Supervision with Endogenous Transaction Costs," CEPR Discussion Papers 1967, C.E.P.R. Discussion Papers.
- Faure-Grimaud, Antoine & Laffont, Jean-Jacques & Martimort, David, 1998. "A theory of supervision with endogenous transaction costs," LSE Research Online Documents on Economics 19356, London School of Economics and Political Science, LSE Library.
- Fleckinger, Pierre & Martimort, David & Roux, Nicolas, 2023. "Should They Compete or Should They Cooperate? The View of Agency Theory," TSE Working Papers 23-1421, Toulouse School of Economics (TSE), revised Jan 2024.
- repec:eee:labchp:v:3:y:1999:i:pb:p:2373-2437 is not listed on IDEAS
- Renee B. Adams & Benjamin E. Hermalin & Michael S. Weisbach, 2010.
"The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey,"
Journal of Economic Literature, American Economic Association, vol. 48(1), pages 58-107, March.
- Renée Adams & Benjamin E. Hermalin & Michael S. Weisbach, 2008. "The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey," NBER Working Papers 14486, National Bureau of Economic Research, Inc.
- Adams, Renee & Hermalin, Benjamin E. & Weisbach, Michael S., 2009. "The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey," Working Paper Series 2008-21, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Rafael Di Tella & Federico Weinschelbaum, 2008.
"Choosing Agents and Monitoring Consumption: A note on Wealth as a Corruption‐Controlling Device,"
Economic Journal, Royal Economic Society, vol. 118(532), pages 1552-1571, October.
- RafaelDi Tella & Federico Weinschelbaum, 2008. "Choosing agents and monitoring consumption: a note on wealth as a corruption-controlling device," Economic Journal, Royal Economic Society, vol. 118(532), pages 1552-1571, October.
- Rafael Di Tella & Federico Weinschelbaum, 2007. "Choosing Agents and Monitoring Consumption: A Note on Wealth as a Corruption-Controlling Device," NBER Working Papers 13163, National Bureau of Economic Research, Inc.
- Antoine Faure-Grimaud & Jean-Jacques Laffont & David Martimort, 2003.
"Collusion, Delegation and Supervision with Soft Information,"
Review of Economic Studies, Oxford University Press, vol. 70(2), pages 253-279.
- Faure-Grimaud, Antoine & Laffont, Jean-Jacques & Martimort, David, 2003. "Collusion, Delegation and Supervision with Soft Information," IDEI Working Papers 167, Institut d'Économie Industrielle (IDEI), Toulouse.
- Alessandro De Chiara & Luca Livio, 2012. "Truthful Reporting, Moral Hazard and Purely Soft Information," Working Papers ECARES ECARES 2012-029, ULB -- Universite Libre de Bruxelles.
- Evans, Shane, 2010. "Menus of linear contracts in procurement with type-dependent reservation utility," Working Papers 10280, University of Tasmania, Tasmanian School of Business and Economics, revised 05 Oct 2010.
- Walter A Cont, 2001. "Essays on Contract Design: Delegation and Agency Problems, and Monitoring Under Collusion," Levine's Working Paper Archive 625018000000000122, David K. Levine.
- Rohan Pitchford, 2001. "Deregulation," International and Development Economics Working Papers idec01-9, International and Development Economics.
- Scholz, Julia, 2008. "Auswirkungen vertikaler Kollusionsprobleme auf die vertragliche Ausgestaltung von Kreditverkäufen," Discussion Papers in Business Administration 4581, University of Munich, Munich School of Management.
- David Martimort & Flavio Menezes & Myrna Wooders & ELISABETTA IOSSA & DAVID MARTIMORT, 2015.
"The Simple Microeconomics of Public-Private Partnerships,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(1), pages 4-48, February.
- Elisabetta Iossa & David Martimort, 2008. "The Simple Micro-Economics of Public-Private Partnerships," CEIS Research Paper 139, Tor Vergata University, CEIS, revised 15 Feb 2013.
- Elisabetta Iossa & David Martimort, 2008. "The Simple Micro-Economics of Public-Private Partnerships," The Centre for Market and Public Organisation 08/199, The Centre for Market and Public Organisation, University of Bristol, UK.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," Post-Print halshs-01109351, HAL.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," PSE-Ecole d'économie de Paris (Postprint) halshs-01109351, HAL.
- Elisabetta Iossa & David Martimort, 2015. "The Simple Microeconomics of Public-Private Partnerships," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-01109351, HAL.
- Anjana Susarla & Anitesh Barua, 2011. "Contracting Efficiency and New Firm Survival in Markets Enabled by Information Technology," Information Systems Research, INFORMS, vol. 22(2), pages 306-324, June.
- MacLeod, W. Bentley, 1992.
"Les contrats auto-exécutoires et la théorie des institutions du marché du travail,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 68(3), pages 433-451, septembre.
- MacLeod, B.W., 1991. "Les contracts auto-executoires et la theorie des institutions du marche du travail," Cahiers de recherche 9120, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- MacLeod, B.W., 1991. "Les contracts auto-executoires et la theorie des institutions du marche du travail," Cahiers de recherche 9120, Universite de Montreal, Departement de sciences economiques.
- Chifeng Dai, 2022. "Optimal risk sharing with ex post private information: Rules versus discretion," Southern Economic Journal, John Wiley & Sons, vol. 89(1), pages 160-184, July.
- Epstien, Gerald & Gintis, Herbert, 1989.
"International Capital Markets and the Limits of National Economic Policy,"
WIDER Working Papers
295606, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
- Gerald Epstein & Herbert Gintis, 1989. "International Capital Markets and the Limits of National Economic Policy," WIDER Working Paper Series wp-1989-073, World Institute for Development Economic Research (UNU-WIDER).
- Dionne, Georges & Vanasse, Charles, 1997.
"Une évaluation empirique de la nouvelle tarification de l’assurance automobile (1992) au Québec,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 73(1), pages 47-80, mars-juin.
- Dionne, G. & Vanasse, C., 1996. "Une evaluation empirique de la nouvelle tarification de l'assurance automobile (1992) au Quebec," Ecole des Hautes Etudes Commerciales de Montreal- 96-03, Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques..
- G. Dionne & C. Vanasse, 1997. "Une évaluation empirique de la nouvelle tarification de l'assurance automobile (1992) au Québec," THEMA Working Papers 97-22, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Jed De Varo & Suraj Prasad, 2015.
"The Relationship between Delegation and Incentives Across Occupations: Evidence and Theory,"
Journal of Industrial Economics, Wiley Blackwell, vol. 63(2), pages 279-312, June.
- DeVaro, Jed & Prasad, Suraj, 2013. "The Relationship Between Delegation and Incentives Across Occupations: Evidence and Theory," Working Papers 2013-05, University of Sydney, School of Economics.
- Grout, Paul & Schnedler, Wendelin, 2008.
"Non-Profit Organizations in a Bureaucratic Environment,"
Sonderforschungsbereich 504 Publications
08-17, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Grout, Paul & Schnedler, Wendelin, 2008. "Non-Profit Organizations in a Bureaucratic Environment," IZA Discussion Papers 3685, Institute of Labor Economics (IZA).
- Paul Grout & Wendelin Schnedler, 2008. "Non-Profit Organizations in a Bureaucratic Environment," Working Papers 0474, University of Heidelberg, Department of Economics, revised Sep 2008.
- Paul A. Grout & Wendelin Schnedler, 2008. "Non-Profit Organizations in a Bureaucratic Environment," The Centre for Market and Public Organisation 08/202, The Centre for Market and Public Organisation, University of Bristol, UK.
- Grout, Paul & Schnedler, Wendelin, 2008. "Non-profit organizations in a bureaucratic environment," Papers 08-17, Sonderforschungsbreich 504.
- Strausz, Roland, 2006.
"Timing of verification procedures: Monitoring versus auditing,"
Journal of Economic Behavior & Organization, Elsevier, vol. 59(1), pages 89-107, January.
- Roland Strausz, "undated". "Timing of Verification Procedures: Monitoring versus Auditing," Papers 015, Departmental Working Papers.
- Strausz, Roland, 2005. "Timing of Verification Procedures: Monitoring versus Auditing," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 33, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Mirman, Leonard J. & Santugini, Marc, 2013.
"Firms, shareholders, and financial markets,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 53(2), pages 152-164.
- Leonard J. Mirman & Marc Santugini, 2008. "Firms, Shareholders, and Financial Markets," Cahiers de recherche 08-05, HEC Montréal, Institut d'économie appliquée, revised Mar 2013.
- Leonard J. Mirman & Marc Santugini, 2011. "Firms, Shareholders, and Financial Markets," Cahiers de recherche 1124, CIRPEE.
More about this item
Keywords
supervision; collusion; risk aversion;All these keywords.
JEL classification:
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:20. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.