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Global Approximations for Principal Agent Theory
International Joint Conference on Autonomous Agents and Multiagent Systems, 2015Principal Agent Theory (PAT) seeks to identify incentives and sanctions that a consumer should offer a producer as part of a contract in order to maximise the former's utility. However, identifying optimal contracts in large systems is difficult, particularly when little information is available about producer competencies. In this work we propose that
Cerutti F., Oren N., Burnett C.
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Principal–agent theory and the World Trade Organization: Complex agency and ‘missing delegation’ [PDF]
This paper analyses the World Trade Organization within a principal-agent framework. The concept of complex agency is introduced to focus on the variety of actors that comprise an international organization.
Manfred Elsig
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Accountability and Principal–Agent Theory
2014Robert Goodin, Thomas Schillemans
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Principal-agent theory in complex operations
Small Wars and Insurgencies, 2013Originally developed for identifying costs of coordination between labor and management in economics, principal-agent theory challenged traditional explanations for friction in political relations,...
Damon Coletta
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Executive Compensation and Principal-Agent Theory
Journal of Political Economy, 1994The empirical literature on executive compensation generally fails to specify a model of executive pay on which to base and test hypotheses regarding its determinants.
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