A study on the Status and Effect of Asymmetry of Information in Administering Endowments

One of the main challenges for exploiting endowments is their administration, such that some scholars attribute all problems of endowment to their administration. They believe that reforming endowment administration and their caretaker's good conduct will lead to the elimination of many corruptions related to endowments. Since the motives of caretaker as the manager of endowment are not necessarily along with donor's aim, he may act against donor's will. This is also possible in renting endowment as the most common way of exploiting endowments. The science of economy of information as a branch of conventional economics investigates the problems caused by asymmetric information in economic exchanges and provides some suggestions to solve them. The findings of this research which is conducted through a library survey sheds light on symmetry of information in endowment and indicate that modus operands proposed by economy of information can be used to eliminate problems caused by asymmetry of information in endowment.