Information suppression in multi-agent contracting

Information suppression in multi-agent contracting This paper examines the principal’s preferences over reporting systems in multi-agent settings. In multi-agent settings, the principal’s contract offer depends on the credibility of the agents’ commitment not to collude on the terms of the contract. If the agents can credibly rule out collusion, then the principal prefers that the agents observe all performance measures and she prefers an accounting system that releases detailed instead of aggregated information. To the contrary, when the principal cannot preclude the agents from writing side contracts, it can be efficient to suppress certain information signals for contracting purposes. Specifically, restricting the information dissemination within organizations or releasing aggregated instead of detailed information are two efficient avenues to suppress information. Review of Accounting Studies Springer Journals

Information suppression in multi-agent contracting

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Springer US
Copyright © 2011 by Springer Science+Business Media, LLC
Business and Management; Accounting/Auditing; Corporate Finance; Public Finance
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  • Hierarchical reporting, aggregation, and information cascades
    Arya, A; Glover, J; Mittendorf, B
  • Monitoring in multiagent organizations
    Baldenius, T; Melumad, ND; Ziv, A

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