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You searched for: label/principal-agent problem

What’s in a name?

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

Clarification (my final one, I hope)

…Bankruptcies!*”, which discussed Bain Capital’s PR agent’s email to Dan, explained this. Or tried to. But here’s another clarification: As several commenters to my posts have pointed out, Bain Capital…

Simpson to disabled vets

…automatically awards disability benefits to some veterans because of concerns about Agent Orange seems contrary to efforts to control federal spending, the Republican co-chairman of President Barack Obama’s deficit commission…

Discussing a Quotation

agents has no effects on the welfare of other agents. It is true that it doesn’t “harm” them in the legal sense, since the benefits of banning the transaction to…