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Governance of Money Laundering: An Application of the Principal-agent Model [PDF]

open access: yes
Sajawal Khan   +2 more
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Principal-Agent Liability

SSRN Electronic Journal, 2003
This essay is a new chapter in An Introduction to Law and Economics (Third Edition, forthcoming 2003). It reexamines some of the principles of liability from earlier chapters when harm is caused by an agent who is under the supervision of a principal. The primary questions addressed are: Is the optimal level of liability different when harm is caused ...
openaire   +1 more source

Principal–Agent Problem

2013
A Principal–Agent problem is a problem of optimal contracting between two parties, one of which, namely the agent, may be able to influence the value of the outcome process with his actions. What kind of contract is optimal typically depends on whether those actions are observable/contractable or not, and on whether there are characteristics of the ...
Jakša Cvitanić, Jianfeng Zhang
openaire   +1 more source

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