Article in a working paper series:

IDEI's theme of research

Methodology: Econometrics, Statistics and Economic Theory

JEL codes

D82: Asymmetric and Private Information
G14: Information and Market Efficiency; Event Studies
G32: Financing Policy; Capital and Ownership Structure
L51: Economics of Regulation

Replaced by

Antoine Faure-Grimaud, Jean-Jacques Laffont and David Martimort, "Collusion, Delegation and Supervision with Soft Information", The Review of Economic Studies, vol. 70, n. 2, 2003, p. 253-280.