Information Policy: Shaping the Value of Agency Relationships
评估信息使用变化如何影响代理关系，提出更多监控并非总是更好，并通过六部门框架探讨信息使用对价值创造及其分配的影响。
We evaluate how changes in information use affect agency relationships. Information asymmetry redistributes value, but imperfect monitoring also encourages agents to take inefficient actions to influence this redistribution, thereby reducing joint agency value. Changing focus, from minimizing principals' costs to maximizing joint agency value, we argue that more monitoring is nof always better, and we explore, through a six-sector framework, how more extensive use of information benefits (or damages) value creation and affects its distribution.