| 来源类型 | Monograph (IIASA Interim Report) |
| 规范类型 | 报告 |
| The Value of Preference Information in Agency Relationships. | |
| Vetschera R | |
| 发表日期 | 1998 |
| 出版者 | IIASA, Laxenburg, Austria: IR-98-107 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | Standard models of agency theory assume that the principal has considerable information about the preferences of the agent. Once this assumption is relaxed, the question arises whether the principal should try to obtain additional information about the agent's preferences. In this paper we introduce the concept of a Value of Preference Information (VPI), which describes the benefits to the principal from obtaining additional information about the agent's preferences. We show analytically that the VPI is non-negative and that the VPI will not decrease when the principal's information structure is refined. Computational methods are used to study factors influencing the VPI. The results of these experiments show a strong relationship between the entropy of the principal's information structure and the VPI. It is thus possible to evaluate an information structure independently of the decision problem delegated to the agent. |
| 主题 | Decision Analysis and Support (DAS) |
| URL | http://pure.iiasa.ac.at/id/eprint/5545/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/124761 |
| 推荐引用方式 GB/T 7714 | Vetschera R. The Value of Preference Information in Agency Relationships.. 1998. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| IR-98-107.pdf（84KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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