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... > social science subjects > politics and international relations > political science > political theory > empirical political theory > institutionalism > principal-agent model
social science subjects > politics and international relations > governance > institutionalism > principal-agent model
... > social science subjects > business and management > management settings > business management > governance > institutionalism > principal-agent model
... > social science subjects > politics and international relations > political science > political theory > modern political theory > institutionalism > principal-agent model
... > social science subjects > politics and international relations > governance > theories of governance > institutionalism > principal-agent model
... > social science subjects > business and management > management settings > business management > governance > theories of governance > institutionalism > principal-agent model

Preferred term

principal-agent model  

Definition

  • 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]

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https://concepts.sagepub.com/social-science/concept/principal-agent_model

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