As a small business owner, it's likely that you routinely employ other people to perform tasks and make decisions on your behalf. Delegating responsibility can take a lot of weight off your shoulders ...

When a principal hires an agent to carry out specific tasks, the hiring is termed a "principal-agent relationship," or simply an "agency relationship." When a conflict of interest between the needs of ...

Explore how the principal-agent problem affects government efficiency, elected officials, and industry interactions, causing ...

Discover strategies to resolve agency conflicts in corporations, including monitoring, incentives, and contract design, to ...