What is the principal-agent paradigm, Business Law and Ethics

What is the principal-agent paradigm

Controversies on the decisions of many state governors and other ministers can be cited as examples. Such behaviour reflects their willingness and want to retain the office likely are holding or for more 'incentive'. Under imperfect information, the principal-agent paradigm has been successful in explaining the nature of incentive involved. When there are many principals whose preferences are not fully known and when they do not converge to a single principal, choice of agents becomes notoriously difficult. But this is the essence of elections. There have been many modelling choices on the problem but one must be careful not to let the paradigm of the principal-agent conceal more than it reveals.


Posted Date: 9/30/2013 3:51:44 AM | Location : United States

Related Discussions:- What is the principal-agent paradigm, Assignment Help, Ask Question on What is the principal-agent paradigm, Get Answer, Expert's Help, What is the principal-agent paradigm Discussions

Write discussion on What is the principal-agent paradigm
Your posts are moderated
Related Questions
Sub: Filing Divorce and Issue of Restraining order services Dear Kimberly Frederick Bumfree, Warm Greetings from Donald & Matthews Law firm, This letter is for your imme

Function and Powers of Chairman: In the case of National Dwellings Society v Sykes Chitty, J. stated: "It is the duty of the chairman, and his function, to preserve order,

Question 1: Critically analyse the major changes brought to Industrial Relations by the Employment Relations Act 2008? Question 2: Write short notes on the followings:

INTERNATIONAL TRADE LAWS The laws controlling and regulating International trade have become one of the fastest growing areas of international law. International trade laws conce

State Article 9 of air and outer space law Article 9 states that each contracting State may, for reasons of military necessity or public safety, restrict or prohibit uniformly

Explain responsibility of the state under International law State responsibility upon a state and holding it responsible for a violation of an international law, the element of

Describe the Social conditions of multiple streams Social conditions that are not defined as problems, and for which alternatives are never proposed, never become policy issues

Articles of association: The memorandum of a company limited by shares or by guarantee must state that the liability of the company's members is limited. Hence the memorandum

Liability For Misstatement Or Misrepresentation: This will be governed by the general principles of the law of contract, depending on whether the misstatement was:- a)A FRA

Amount of compensation payable: In CLARK V URQUHART (44) the court explained that the amount of compensation payable under S.45 of the Act is calculated or measured in the sam