991 resultados para Production news
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship
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I study the optimal project choice when the principal relies on the agent in charge of production for project evaluation. The principal has to choose between a safe project generating a fixed revenue and a risky project generating an uncertain revenue. The agent has private information about the production cost under each project but also about the signal regarding the profitability of the risky project. If the signal favoring the adoption of the risky project is goods news to the agent, integrating production and project evaluation tasks does not generate any loss compared to the benchmark in which the principal herself receives the signal. By contrast, if it is bad news, task integration creates an endogenous reservation utility which is type-dependent and thereby generates countervailing incentives, which can make a bias toward either project optimal. Our results can offer an explanation for why good firms can go bad and a rationale for the separation of day-to-day operating decisions from long-term strategic decisions stressed by Williamson.
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Newsletter produced by Department of Agriculture and Land Stewardship about the animal industry in Iowa.
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A newsletter produced by Iowa Department of Agriculture and Land Stewardship, About strawberries, best time to plant, when to pick, etc.
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A newsletter produced by Iowa Department of Agriculture and Land Stewardship, all about the Farmers Markets in Iowa.
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A newsletter produced by Iowa Department of Agriculture and Land Stewardship. The Conservation Reserve Enhancement Program for the state of Iowa.
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Newsletter produced by Department of Agriculture and Land Stewardship about the animal industry in Iowa.
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship about Organic News in farming.
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Newsletter produced by Iowa Department of Agriculture and Land Stewardship about Organic News in farming.
