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principal-agent problem
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principal-agent problem


The legislation is intended to reduce the principal-agent problem in our industry.
  the difficulties that arise because an agent (who makes decisions for a principal) has incentives or objectives that differ from those of the principal
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Strongly Associated with:   principle, principal
Notes:
Various mechanisms may be used to try to align the interests of the agent with those of the principal, such as piece rates, commissions, profit sharing, efficiency wages, the agent posting a bond, or fear of firing.

http://en.wikipedia.org/wiki/Principal-agent_problem  (retrieved 6/08)
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  • The legislation is intended to reduce the principal-agent problem in our industry.
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Associated words [difficulty]:   principal-agent problem , principle [1] , principal [1]
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Most commonly used in these subjects:   Personal Finance, Business, Law, Public Policy & Politics
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