| Obligations, Property, Legal Theory | Monday, 10 March 2025 - 22:51 |
ABSTRACT
In a principal-agent interaction I characterize when the agent can benefit from the ability to covertly acquire hard evidence. The same condition determines whether the principal’s payoff is monotone or U-shaped in the cost of evidence acquisition. I derive implications for aggregate welfare.
Pram, Kym, Who Benefits from Covert Evidence Acquisition in Principal-Agent Interactions?.
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