Principals and Agents: The Structure of Business
Published 1 November 1990
John W. Pratt, Richard Zeckhauser
Citations1,279
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Abstract
Eight essays address the inherent problems of the agency relationship, such as monitoring performance and the careful design of incentives. By applying agency theory to actual practices in areas as diverse as tax-sheltered programs and transfer pricing, the contributors present conceptual tools and practical ideas for shaping agency structures to serve the best interests of both parties. A research colloquium book.
Keywords
Business, Management and Accounting