Meaning principal-agent problem
What does principal-agent problem mean? Here you find 3 meanings of the word principal-agent problem. You can also add a definition of principal-agent problem yourself
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principal-agent problemA source of inefficiency in the way large businesses and governments are operated that occurs because those making decisions (agents) have different goals than those affected by the decisions (princip [..]
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principal-agent problemA particular game-theoretic description of a situation. There is a player called a principal, and one or more other players called agents with utility functions that are in some sense different from t [..]
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principal-agent problemis the moral hazard problem facing a principal who enters a contract with an agent whose actions affect the principal's payoff, but they are not directly observable by the principal, or they are [..]
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