Information Systems and Principal Agent Models(PPT 19頁)

Good Information Should be Useful in:
Improving production decisions – telling us to do the right things.
Optimizing the scope for risk sharing – so that some people can not make profits by harming other people.
Eliminating “information asymmetry” – so that ex ante (before-the-act) private information can be known ex post (after-the-act).

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