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

Ask an Expert

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

Write your message here..

Related Questions

What is the meaning of redundancy, Question 1: (a) What do you meant by... Question 1: (a) What do you meant by the term misconduct in employment law. How does the English definition of misconduct differ from the French definition of misconduct? (b

Moral issues in business, workers and employees rights and responsibilities... workers and employees rights and responsibilities

State article 24 and 25 of air and outer space law, State Article 24 and 25... State Article 24 and 25 of air and outer space law Article 24 states that the aircraft on a flight to, from, or across the territory of another contracting State shall be admit

Obligations of the employer and the employee, Question 1: Constructive ... Question 1: Constructive dismissal is inherently different from dismissal in the sense that it is the employee who necessarily takes the initiative in considering the contract

Explain negotiation tactics, Question 1: Explain in full details the va... Question 1: Explain in full details the various negotiation tactics and the ethical criteria that you, as a negotiator, may use to achieve your projected goals and bring positi

Application of the unwritten sources, APPLICATION OF THE UNWRITTEN SOURCES ... APPLICATION OF THE UNWRITTEN SOURCES OF ENGLAND LAW: Conversely it is a rule of England Law that unwritten laws are to be applied subject to the provisions' that any applicabl

Functions and powers of the united nations general assembly, What are the f... What are the functions and powers of the United Nations General Assembly? The functions and powers of the United Nations General Assembly are as illustrated here: • To see a

Remedies of the ultra vires lender, Remedies of the Ultra Vires Lender: ... Remedies of the Ultra Vires Lender:                          In Sinclair v Brougham (26) the House of Lords explained that no action or suit lies at law or in equity to recove

Describe the four-step planning process, Question 1: One important caus... Question 1: One important cause of ineffective public relations efforts is the lack of planning. Using evidence from any organization, describe the four-step planning process t

Domicile, I would like to know more about Domicile of Dependency at Englis... I would like to know more about Domicile of Dependency at English Law: Married women and minors.