The principal–agent problem refers to the conflict in interests and priorities that arises when one person or entity (the "agent") takes actions on behalf...

open problem. The alignment problem has many parallels with the principal-agent problem in organizational economics. In a principal-agent problem, a principal...

problem of serving two masters, is an extension of the principal-agent problem that explains problems that can occur when one person or entity acts on behalf...

income. The relationship is represented at a general level in the principal-agent problem whose solution is the firm modeled as a set of contracts for efficiently...

relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third...

principal. However, a principal–agent problem can occur when there is a conflict of interest between the agent and principal. If the agent has more information...

used to solve models with a principal-agent problem. It suggests that, instead of following the usual assumption that the agent will take an action that...

a "principal" (an organization, person or group of persons), and an "agent". The agent is given powers to make decisions on behalf of the principal. However...

and Johnsen study principal-agent problems. These are incomplete-information games between two players called Principal and Agent, whose payoffs depend...

preference-revelation problems and the illogic of voting and collective behaviour. Supply-side failures largely result from principal–agent problem. Government...