Agency, Information, and the Structure of Moral Problems in Business
利用信息经济学和委托代理模型，分析商业中因信息不完全或不对称引发的道德问题，并探讨解决方案以促进组织美德的发展。
Many ethical problems in business can be characterized as having elements of incomplete and/or asymmetric information. This paper analyzes such problems using information economics and the principal-agent model. It defines the nature of moral problems in business and then applies principal-agent models involving adverse selection and moral hazard to these problems. Possible solutions to conditions of information asymmetry are examined in order to support the development of organizational virtue.