Decision rules and information provision: monitoring versus manipulation

dc.contributor.affiliationFGV
dc.contributor.authorPalumbo, Giuliana
dc.contributor.authorIossa, Elisabetta
dc.contributor.unidadefgvEscolas::EPGEpor
dc.date.accessioned2008-05-13T15:25:22Z
dc.date.accessioned2010-09-23T18:57:51Z
dc.date.available2008-05-13T15:25:22Zpor
dc.date.available2010-09-23T18:57:51Z
dc.date.issued2002-08-01
dc.description.abstractThe paper focuses on the organization of institutions designed to resolve disputes between two parties, when some information is not veriable and decision makers may have vested preferences. It shows that the choice of how much discretional power to grant to the decision maker and who provides the information are intrinsically related. Direct involvement of the interested parties in the supply of information enhances monitoring over the decision maker, although at the cost of higher manipulation. Thus, it is desirable when the decision maker is granted high discretion. On the contrary, when the decision maker has limited discretional power, information provision is better assigned to an agent with no direct stake. The analysis helps to rationalize some organizational arrangements that are commonly observed in the context of judicial and antitrust decision-making.eng
dc.identifier.issn0104-8910
dc.identifier.urihttps://hdl.handle.net/10438/502
dc.language.isoeng
dc.publisherEscola de Pós-Graduação em Economia da FGVpor
dc.relation.ispartofseriesEnsaios Econômicos;452por
dc.subjectRulespor
dc.subjectDiscretionpor
dc.subjectInformation provisionpor
dc.subjectManipulationpor
dc.subjectMonitoringpor
dc.subject.areaEconomiapor
dc.subject.bibliodataEconomiapor
dc.subject.bibliodataProcesso decisório - Modelos econométricospor
dc.subject.bibliodataEconometriapor
dc.titleDecision rules and information provision: monitoring versus manipulationeng
dc.typeWorking Papereng
Arquivos
Pacote Original
Agora exibindo 1 - 1 de 1
Carregando...
Imagem de Miniatura
Nome:
1300.pdf
Tamanho:
395.88 KB
Formato:
Adobe Portable Document Format