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Principal–Agent Theory, Game Theory, and the Precautionary Principle
Decision Analysis, 2019Principal–agent theory and game theory are applied to the precautionary principle (PP) to open up a new research agenda. Principals assess whether the threat is uncertain above a threshold. If it is, the principals choose, pay, and command agents to decrease the uncertainty below the threshold. The agents perform the action.
K. Hausken
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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.
John Garen
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Global approximations for principal agent theory
Adaptive Agents and Multi-Agent 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 in complex operations
Small Wars & 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,...
D. Coletta
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Rethinking Proxy War Theory in IR: A Critical Analysis of Principal–Agent Theory
International Studies Review, 2021This paper explores the question of what drives proxy alignment in war and argues that current proxy war scholarship needs further thinking to go beyond focusing on the principal–agent theory and individual actors’ motivation analysis. Rather, there is
Abbas Farasoo
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, 2020
PurposeThe high uncertainty of technological innovation in megaprojects brings great challenges to the R&D institution and also acts as a trigger for moral hazard. The incentive and supervision are effective means to improve the performance of innovation.
Jiawei Liu, Guanghong Ma
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PurposeThe high uncertainty of technological innovation in megaprojects brings great challenges to the R&D institution and also acts as a trigger for moral hazard. The incentive and supervision are effective means to improve the performance of innovation.
Jiawei Liu, Guanghong Ma
semanticscholar +1 more source
Public Attitudes toward Private Military Companies: Insights from Principal–agent Theory
Journal of Conflict Resolution, 2018This article examines the distribution and correlates of mass attitudes toward the privatization of US military operations. Relying on insights from principal–agent theory, we form predictions about what beliefs are associated with a willingness to grant
Mark D. Ramirez, Reed M. Wood
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