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Concept information

Término preferido

principal-agent model  

Definición

  • The principal-agent model deals with relationships in the public service in terms of various kinds of agreements or contracts between principal (the government or employer) and agent (employee or contractor). The central dilemma investigated by principal-agent theorists is how to get the agent to act in the best interests of the principal when the government or contractor has an informational advantage over the principal and has different interests from the principal. [Source: Encyclopedia of Governance; Principal-Agent Model]

Concepto genérico

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URI

http://data.loterre.fr/ark:/67375/N9J-NTGSKBCT-0

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