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What is principal-agent problem?

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Anonymous

13y ago
Updated: 12/10/2021

In politics, the principle is the citizen, who poses the right to make certain decisions. The agent is members of Congress. The problem is when the principle and agent have different goals, causing conflict to arise. One might feel their Congressman is "out of touch" or not getting things done.

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Lexie Hoppe

Lvl 10
3y ago

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