Principal–agent problem
id:
principal-agent-problem-182-70941
title:
Principal–agent problem
text:
The principal–agent problem refers to the conflict in interests and priorities that arises when one person or entity takes actions on behalf of another person or entity. The problem worsens when there is a greater discrepancy of interests and information between the principal and agent, as well as when the principal lacks the means to punish the agent. The deviation from the principal's interest by the agent is called "agency costs". Common examples of this relationship include corporate managem
brand slug:
wiki
category slug:
encyclopedia
description:
Conflict of interest when one agent makes decisions on another's behalf
original url:
https://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem
date created:
2004-06-16T18:27:01Z
date modified:
2024-09-06T12:16:14Z
main entity:
{"identifier":"Q1053211","url":"https://www.wikidata.org/entity/Q1053211"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/1/1a/Principal%E2%80%93agent_problem_variantion_1.svg","width":512,"height":288}
fields total:
13
integrity:
16