Title: Control and information in a dynamic multiple agent model
Authors: Pauwels, W.
Roodhooft, Filip
Issue Date: 1995
Publisher: K.U.Leuven - Departement toegepaste economische wetenschappen
Series Title: DTEW Research Report 9512 pages:1-24
Abstract: he controllability principle says that an individual should be rewarded on the basis of what he controls. This paper studies this principle from a principal agent point of view. A dynamic multiple agent model is constructed and the controllability principle is compared with the agency model's solution. It is shown that from a principal agent's point of view all results that give information about an individual's action should be used to determine his remuneration.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:Research Center Accountancy, Leuven

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