Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Principal–agent_problem> ?p ?o. }
Showing items 1 to 33 of
33
with 100 items per page.
- Principal–agent_problem abstract "The principal–agent problem or agency dilemma occurs when one person or entity (the "agent") is able to make decisions that impact, or on behalf of, 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 relationships 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 wikiPageID "730742".
- Principal–agent_problem wikiPageRevisionID "604957270".
- Principal–agent_problem subject Category:Asymmetric_information.
- Principal–agent_problem subject Category:Market_failure.
- Principal–agent_problem subject Category:Organizational_theory.
- Principal–agent_problem comment "The principal–agent problem or agency dilemma occurs when one person or entity (the "agent") is able to make decisions that impact, or on behalf of, 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.".
- Principal–agent_problem label "Modello principale-agente".
- Principal–agent_problem label "Principaal-agenttheorie".
- Principal–agent_problem label "Principal–agent problem".
- Principal–agent_problem label "Prinzipal-Agent-Theorie".
- Principal–agent_problem label "Problema del agente-principal".
- Principal–agent_problem label "Problema do principal-agente".
- Principal–agent_problem label "Problème principal-agent".
- Principal–agent_problem label "Teoria agencji".
- Principal–agent_problem label "プリンシパル=エージェント理論".
- Principal–agent_problem label "代理問題".
- Principal–agent_problem sameAs Principal%E2%80%93agent_problem.
- Principal–agent_problem sameAs Prinzipal-Agent-Theorie.
- Principal–agent_problem sameAs Πρόβλημα_εντολέα-εντολοδόχου.
- Principal–agent_problem sameAs Problema_del_agente-principal.
- Principal–agent_problem sameAs Problème_principal-agent.
- Principal–agent_problem sameAs Modello_principale-agente.
- Principal–agent_problem sameAs プリンシパル=エージェント理論.
- Principal–agent_problem sameAs 본인-대리인_문제.
- Principal–agent_problem sameAs Principaal-agenttheorie.
- Principal–agent_problem sameAs Teoria_agencji.
- Principal–agent_problem sameAs Problema_do_principal-agente.
- Principal–agent_problem sameAs Q1053211.
- Principal–agent_problem sameAs Q1053211.
- Principal–agent_problem wasDerivedFrom Principal–agent_problem?oldid=604957270.
- Principal–agent_problem depiction Principal_agent.png.