著者

OGAKU Michiko

出版者

University of Tsukuba. Graduate School of Systems and Information Engineering. Doctoral Program in Social Systems & Management

巻号頁・発行日

2013-06

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This note provides the criterion for an information system for an optimal incentivescheme under plausible assumptions about firm managers: the agent has careerconcerns and there are not only contractible observables but also non-contractibleobservables. The covariance relation between the likelihood ratios of the informationsystems is found to be sufficient to recognise the information systems’ feasibility as a basis of an incentive scheme. Furthermore, it is shown that the criterion can specify more unfeasible information systems than Kim’s mean preserving spread criterion.