These two principal agent problems also differ in their focus on timing. Whereas moral hazards occur when a principal is unable to observe an agent's behavior once the con tract is in place, adverse ...

The principal-agent problem is fundamentally one of information asymmetry. Asymmetric information occurs when one party to transaction possesses a greater knowledge than the other party.

Mihir Desai: So the underlying principal-agent problem in today's society is we have shareholders who are separate from the managers. 120 years ago, most of us worked for ourselves or had the ...

This is one solution to the principal-agent problem. Often smaller companies are not public and simply cannot offer stock options, but larger public firms can and do.

Having multiple owners—shareholders and the government—significantly exacerbates what is referred to as the principal-agent problem.

This problem arises because the interests of a manager (agent) can — and often do — diverge from the interests of the owners of the business (principal) that he or she is managing.

I stress how the principal draws upon, and deploys, social knowledge to identify and manage the particular hazards that it believes its agent poses. Mining primary sources, I show that changing ...

The Expensify email is a consequence of what economists call a “principal-agent problem,” which arises when those managing a corporation act in interests contrary to those who own the business.

In my opinion, the Expensify email is a consequence of what economists call a “principal-agent problem,” which arises when those managing a corporation act in interests contrary to those who ...

The principal-agent problem and owner-managers: An instrumental variables application to nursing home quality This paper expands the literature on the heterogeneity among nursing home facilities by ...

In the first two “Principal as Change Agent” sessions of this year, principals discussed the clarification of their school promise as the foundation for the next level of communication ...