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Principal-Agent Problem
Principal-Agent Problem
6
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1
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1
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Definitions
Agency Cost
Agency Cost
Agency Theory
Economics
Principal-Agent Problem
Corporate Governance
An analysis of the agency costs in economic theory, their implications, and associated frameworks.
Read more about Agency Cost.
Definitions
Agency Problem
Economics
Principal-Agent Problem
Asymmetric Information
Incomplete Contract
Agency Theory
An examination of the agency problem, defined as the difficulties encountered when a principal delegates a task to an agent, highlighting issues of asymmetric information and incomplete contracts.
Read more about Agency Problem.
Definitions
Contract Theory
Contract Theory
Economics
Incentives
Principal-Agent Problem
Implicit Contract
Incentive Contract
The study of contracts, focusing on the design of contracts to provide appropriate incentives.
Read more about Contract Theory.
Definitions
Moral Hazard
Economics
Market Failure
Asymmetric Information
Principal-Agent Problem
The observation that a contract promising payment for certain events changes behavior to increase the likelihood of these events.
Read more about Moral Hazard.
Definitions
Principal
Economics
Principal-Agent Problem
Agency Theory
An explanation of the term 'principal' in economic and business contexts, including the principal-agent relationship.
Read more about Principal.
Definitions
Reservation Utility
Economics
Principal-Agent Problem
Utility
Definition and implications of the term Reservation Utility
Read more about Reservation Utility.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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