Good Is Better Than the Best: An Experimental Approach to Control as a Filtering Mechanism (notice n° 468720)
[ vue normale ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01543cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121053634.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Sami, Hind |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Good Is Better Than the Best: An Experimental Approach to Control as a Filtering Mechanism |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2012.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 14 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In an adverse-selection context, we use an experimental protocol to study the intensity and efficiency of a control policy as filtering instrument in the long-term financing relationship between an investor (principal) and an entrepreneur (agent). We find three control effects: a disciplining effect, an educative effect, and a filtering effect. While the first is expected, the educative effect of control gives way to a crowding-out effect already observed in other tests but in a moral-hazard context. Lastly, our experiment shows that the principal restores a filtering effect through a trade-off between control efficiency and control intensity: it is better to control little in order to detect a little, rather than control a lot and detect nothing. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | filtering |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | principal-agent model |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | long-term relation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | adverse selection |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | control |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Joubert, Nadia |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Rullière, Jean-Louis |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Economie & prévision | o 195-196 | 4 | 2012-10-01 | p. 127-146 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-economie-et-prevision-1-2010-4-page-127?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-economie-et-prevision-1-2010-4-page-127?lang=en&redirect-ssocas=7080</a> |
Pas d'exemplaire disponible.
Réseaux sociaux