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| Author: | Dur, R. Swank, O.H. |
| Title: | Producing and manipulating information |
| Journal: | Economic Journal
2005 : JAN, VOL. 115:500, p. 185-199 |
| Index terms: | Agency theory Information |
| Language: | eng |
| Abstract: | This article examines the selection of information collecting agents by policy makers in the light of two agency problems. First, it tends to be hard to find out how much effort agents have put in acquiring information. Second, agents may manipulate information if they have an interest in the policy outcome. It is shown that unbiased advisers put highest effort in collecting information. |
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