Title: Non-Monetary Collusion and Optimal Use of Information
Abstract: This 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.
Publication Year: 1998
Publication Date: 1998-01-01
Language: en
Type: preprint
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