Arbeitspapier
Mediated audits
I study the optimal audit mechanism when the principal cannot commit to an audit strategy. Invoking a relevation principle, the agent reports her type to a mediator whi assigns contracts and recommends the principla whether to audit. For each reported type the mediator randomizes over a base-contract and the audit contract, accompanied by a recommendation to audit. For large penalties the optimal mechanism uses strictly more contracts than types and cannot be implemented via offering a menu of contracts. The analysis provides a proper benchmark for studying auditing under limited commitment and sheds new light on the usefulness of mediation in contracting and on the design of optimal mechanisms.
- Sprache
-
Englisch
- Erschienen in
-
Series: SFB/TR 15 Discussion Paper ; No. 509
- Klassifikation
-
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Economics of Contract: Theory
Noncooperative Games
- Thema
-
auditing
limited commitment
mediation
contract theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pollrich, Martin
- Ereignis
-
Veröffentlichung
- (wer)
-
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
- (wo)
-
München
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pollrich, Martin
- Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
Entstanden
- 2015
Ähnliche Objekte (12)
Audit mandates, audit firms, and auditors
Mediated truth
Mediated truth
Compliance with endogenous audit probabilities
Understanding Contract Audits: An Experimental Approach
The dynamic effects of tax audits
Management Audit Oneida Agway Cooperative, INC.
Audit-staff scheduling by column generation
Strategic decision behavior and audit quality of big and small audit firms in a tendering process
Do audits improve future tax compliance in the absence of penalties? Evidence from random Audits in Norway
Do Audits Improve Future Tax Compliance in the Absence of Penalties? Evidence from Random Audits in Norway
An intergenerational audit for the UK: 2023
Audit mandates, audit firms, and auditors
Mediated truth
Mediated truth
Compliance with endogenous audit probabilities
Understanding Contract Audits: An Experimental Approach
The dynamic effects of tax audits
Management Audit Oneida Agway Cooperative, INC.
Audit-staff scheduling by column generation
Strategic decision behavior and audit quality of big and small audit firms in a tendering process
Do audits improve future tax compliance in the absence of penalties? Evidence from random Audits in Norway
Do Audits Improve Future Tax Compliance in the Absence of Penalties? Evidence from Random Audits in Norway
An intergenerational audit for the UK: 2023
Audit mandates, audit firms, and auditors
Mediated truth
Mediated truth
Compliance with endogenous audit probabilities
Understanding Contract Audits: An Experimental Approach
The dynamic effects of tax audits
Management Audit Oneida Agway Cooperative, INC.
Audit-staff scheduling by column generation
Strategic decision behavior and audit quality of big and small audit firms in a tendering process
Do audits improve future tax compliance in the absence of penalties? Evidence from random Audits in Norway
Do Audits Improve Future Tax Compliance in the Absence of Penalties? Evidence from Random Audits in Norway