BIROn - Birkbeck Institutional Research Online

    Accountability and learning with motivated agents

    Yu, Tinghua (2021) Accountability and learning with motivated agents. Working Paper. Birkbeck Centre for Applied Macroeconomics, London, UK.

    [img]
    Preview
    Text
    BCAM 2107.pdf

    Download (530kB) | Preview

    Abstract

    Should accountability be introduced to organizations that are learning about the right policies to achieve their goals? I develop an agency model focusing on the interactions between accountability and an agent’s intrinsic motivation. More effort by the agent leads to more informative policy outcomes and thereby better policy learning. Holding the agent accountable for the policy outcomes motivates the agent and thus improves policy learning. However, by removing the agent from office upon policy failure and thereby taking away his benefit from learning through failure, accountability also discourages the agent. This negative effect is more substantial when the intrinsic motivation is higher. The principal, therefore, refrains from using accountability on the agent who is more intrinsically motivated.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: BCAM Working Paper #2107. ISSN: 1745-8587
    School: School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centres and Institutes: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Isobel Edwards
    Date Deposited: 16 Feb 2022 11:07
    Last Modified: 16 Feb 2022 18:30
    URI: https://eprints.bbk.ac.uk/id/eprint/46829

    Statistics

    Activity Overview
    6 month trend
    37Downloads
    6 month trend
    57Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item