Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Principal–agent_problem> ?p ?o }
- Principal–agent_problem abstract "The principal–agent problem (also known as agency dilemma or theory of agency) occurs when one person or entity (the \"agent\") is able to make decisions on behalf of, or that impact, another person or entity: the \"principal\". The dilemma exists because sometimes the agent is motivated to act in his own best interests rather than those of the principal. The agent–principal relationship is a useful analytic tool in political science and economics, but may also apply to other areas.Common examples of this relationship include corporate management (agent) and shareholders (principal), or politicians (agent) and voters (principal). For another example, consider a dental patient (the principal) wondering whether his dentist (the agent) is recommending expensive treatment because it is truly necessary for the patient's dental health, or because it will generate income for the dentist. In fact the problem potentially arises in almost any context where one party is being paid by another to do something, whether in formal employment or a negotiated deal such as paying for household jobs or car repairs.The problem arises where the two parties have different interests and asymmetric information (the agent having more information), such that the principal cannot directly ensure that the agent is always acting in its (the principal's) best interests, particularly when activities that are useful to the principal are costly to the agent, and where elements of what the agent does are costly for the principal to observe. Moral hazard and conflict of interest may arise. Indeed, the principal may be sufficiently concerned at the possibility of being exploited by the agent that he chooses not to enter into a transaction at all, when that deal would have actually been in both parties' best interests: a suboptimal outcome that lowers welfare overall. The deviation from the principal's interest by the agent is called \"agency costs\".Various mechanisms may be used to align the interests of the agent with those of the principal. In employment, employers (principal) may use piece rates/commissions, profit sharing, efficiency wages, performance measurement (including financial statements), the agent posting a bond, or the threat of termination of employment.".
- Principal–agent_problem thumbnail Principal_agent.png?width=300.
- Principal–agent_problem wikiPageExternalLink DisruptingCorruption.pdf.
- Principal–agent_problem wikiPageExternalLink 59773Rev.pdf.
- Principal–agent_problem wikiPageExternalLink mind_the_gap.pdf.
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- Principal–agent_problem wikiPageRevisionID "705443598".
- Principal–agent_problem wikiPageWikiLink AT&T_Corporation.
- Principal–agent_problem wikiPageWikiLink Adverse_selection.
- Principal–agent_problem wikiPageWikiLink Advocacy_group.
- Principal–agent_problem wikiPageWikiLink Agency_cost.
- Principal–agent_problem wikiPageWikiLink Agent_(economics).
- Principal–agent_problem wikiPageWikiLink American_International_Group.
- Principal–agent_problem wikiPageWikiLink American_football.
- Principal–agent_problem wikiPageWikiLink Armen_Alchian.
- Principal–agent_problem wikiPageWikiLink Australia.
- Principal–agent_problem wikiPageWikiLink Bankruptcy.
- Principal–agent_problem wikiPageWikiLink Barings_Bank.
- Principal–agent_problem wikiPageWikiLink Baseball.
- Principal–agent_problem wikiPageWikiLink Bond_(finance).
- Principal–agent_problem wikiPageWikiLink Bulletin_of_Economic_Research.
- Principal–agent_problem wikiPageWikiLink Business_valuation.
- Principal–agent_problem wikiPageWikiLink Call_option.
- Principal–agent_problem wikiPageWikiLink Category:Asymmetric_information.
- Principal–agent_problem wikiPageWikiLink Category:Market_failure.
- Principal–agent_problem wikiPageWikiLink Category:Organizational_theory.
- Principal–agent_problem wikiPageWikiLink Climate_change.
- Principal–agent_problem wikiPageWikiLink Commission_(remuneration).
- Principal–agent_problem wikiPageWikiLink Conflict_of_interest.
- Principal–agent_problem wikiPageWikiLink Constitution.
- Principal–agent_problem wikiPageWikiLink Contract_theory.
- Principal–agent_problem wikiPageWikiLink Control_fraud.
- Principal–agent_problem wikiPageWikiLink Cost_overrun.
- Principal–agent_problem wikiPageWikiLink Disintermediation.
- Principal–agent_problem wikiPageWikiLink Dividend.
- Principal–agent_problem wikiPageWikiLink Dual_labour_market.
- Principal–agent_problem wikiPageWikiLink Economics.
- Principal–agent_problem wikiPageWikiLink Efficiency_wage.
- Principal–agent_problem wikiPageWikiLink Empirical_evidence.
- Principal–agent_problem wikiPageWikiLink Enron.
- Principal–agent_problem wikiPageWikiLink Financial_audit.
- Principal–agent_problem wikiPageWikiLink Financial_statement.
- Principal–agent_problem wikiPageWikiLink Fossil_fuel.
- Principal–agent_problem wikiPageWikiLink Francis_Fukuyama.
- Principal–agent_problem wikiPageWikiLink Game_theory.
- Principal–agent_problem wikiPageWikiLink Governance.
- Principal–agent_problem wikiPageWikiLink Gratuity.
- Principal–agent_problem wikiPageWikiLink Incentive.
- Principal–agent_problem wikiPageWikiLink Informal_sector.
- Principal–agent_problem wikiPageWikiLink Information_asymmetry.
- Principal–agent_problem wikiPageWikiLink International_Energy_Agency.
- Principal–agent_problem wikiPageWikiLink Joseph_Stiglitz.
- Principal–agent_problem wikiPageWikiLink Journal_of_Economic_Perspectives.
- Principal–agent_problem wikiPageWikiLink Journal_of_Political_Economy.
- Principal–agent_problem wikiPageWikiLink Kidder,_Peabody_&_Co..
- Principal–agent_problem wikiPageWikiLink Law.
- Principal–agent_problem wikiPageWikiLink Lawyer.
- Principal–agent_problem wikiPageWikiLink Market_failure.
- Principal–agent_problem wikiPageWikiLink Mechanism_design.
- Principal–agent_problem wikiPageWikiLink Moral_hazard.
- Principal–agent_problem wikiPageWikiLink NASCAR.
- Principal–agent_problem wikiPageWikiLink No-bid_contract.
- Principal–agent_problem wikiPageWikiLink Official.
- Principal–agent_problem wikiPageWikiLink Option_(finance).
- Principal–agent_problem wikiPageWikiLink Overqualification.
- Principal–agent_problem wikiPageWikiLink Participative_decision-making.
- Principal–agent_problem wikiPageWikiLink Patronage.
- Principal–agent_problem wikiPageWikiLink Performance-related_pay.
- Principal–agent_problem wikiPageWikiLink Performance_measurement.
- Principal–agent_problem wikiPageWikiLink Piece_work.
- Principal–agent_problem wikiPageWikiLink Political_corruption.
- Principal–agent_problem wikiPageWikiLink Political_science.
- Principal–agent_problem wikiPageWikiLink Principal_(commercial_law).
- Principal–agent_problem wikiPageWikiLink Probate.
- Principal–agent_problem wikiPageWikiLink Profit_sharing.
- Principal–agent_problem wikiPageWikiLink Real_options_valuation.
- Principal–agent_problem wikiPageWikiLink Rent-seeking.
- Principal–agent_problem wikiPageWikiLink Risk.
- Principal–agent_problem wikiPageWikiLink Risk-seeking.
- Principal–agent_problem wikiPageWikiLink Shareholder.
- Principal–agent_problem wikiPageWikiLink Social_capital.
- Principal–agent_problem wikiPageWikiLink Structure_and_agency.
- Principal–agent_problem wikiPageWikiLink Superstar.
- Principal–agent_problem wikiPageWikiLink The_American_Economic_Review.
- Principal–agent_problem wikiPageWikiLink The_Market_for_Lemons.
- Principal–agent_problem wikiPageWikiLink The_New_Palgrave_Dictionary_of_Economics.
- Principal–agent_problem wikiPageWikiLink Time_and_motion_study.
- Principal–agent_problem wikiPageWikiLink Tournament.
- Principal–agent_problem wikiPageWikiLink Tournament_theory.
- Principal–agent_problem wikiPageWikiLink Uncertainty.
- Principal–agent_problem wikiPageWikiLink Valuation_of_options.
- Principal–agent_problem wikiPageWikiLink Variance.
- Principal–agent_problem wikiPageWikiLink Volatility_(finance).
- Principal–agent_problem wikiPageWikiLink W._Edwards_Deming.
- Principal–agent_problem wikiPageWikiLink Whistleblower.
- Principal–agent_problem wikiPageWikiLink File:Principal_agent.png.
- Principal–agent_problem wikiPageWikiLinkText "Principal–Agent Problem".
- Principal–agent_problem wikiPageWikiLinkText "Principal–agent problem #Options framework".