Principal-agent problem is the moral
hazard problem facing a principal who enters a contract with
an agent whose actions affect the principal's payoff, but they
are not directly observable by the principal, or they are not
verifiable to outsiders.
© 1999-2014, Glossary Copyright
© 2003, Dr. T's Network. All Rights Reserved.
Contact Us - Submit
a Link - Advertising Information
- Disclaimer - Privacy
Statement - FAQ - Link
to Us! - Associates