Does a Non-verifiable Imperfect Informative Binary Signal Always Create a Strictly Positive Value?

被引：0

作者：

Liu, Nien-Pen ^{[1
]}

Wu, Dachrahn ^{[2
]}

机构：

[1] Aletheia Univ, Dept Econ, Taipei, Taiwan

[2] Natl Cent Univ, Dept Econ, Taoyuan, Taiwan

来源：

ECONOMICS BULLETIN | 2007年 / 10卷

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Owing to the difference between the status quo utility levels of a good agent and a bad agent, we find that a firm adopting a non-verifiable imperfect informative binary signal does not necessarily change its action (on trading off output efficiency against rent extraction). Hence, the signal does not always create a strictly positive value for the firm.

引用

页数：7