The Principal-Agent Problem
Key Takeaways
The principal-agent problem is an important topic in both economics and organizational theory. ...
Example: Real Estate Agents and Home Sellers
The principal-agent problem (or agency dilemma) arises when one person (the "agent") is allowed t...
Further Reading
Greenstone, M., He, G., Jia, R., & Liu, T. (2022). Can technology solve the principal-agent probl...