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This principal-agent problem is everywhere.
There is a principal-agent problem.
One reason is what economists call the principal-agent problem.
This is an example of a principal-agent problem.
Corporate America had a principal-agent problem, they said.
Salespeople were paid by commission for centuries before economists began writing about the principal-agent problem.
He distilled this as the "principal-agent problem". Broadly speaking, principals are employers; agents are employees.
EVER since the inception of the corporation, the "principal-agent" problem has bedevilled shareholders.
George Costanza was a comic incarnation of the principal-agent problem.
A proper firm ownership structure design may solve the principal-agent problem.
Solving the principal-agent problem Holmström cautioned that "pay for performance" is complicated for a variety of reasons.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com