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| Author: | Chwolka, A. |
| Title: | Scheduling informational activities and the preference for early information in decision and control problems |
| Journal: | Schmalenbach Business Review
2005 : JAN, VOL. 57:1, p. 55-79 |
| Index terms: | Moral hazard Information systems Decision making Control |
| Language: | eng |
| Abstract: | This paper compares the values of different information systems (here as: ISs) for a principal in a two-stage production process, in which the principal himself is responsible for the production in the second stage. The available ISs are all costless and differ only as to the moment in which information is released. This situation induces a potential tradeoff. However, it can also make it costlier for the principal to commit to a prespecified effort level. Thus, delaying information release might be of value. |
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