Institutional Solutions to the Principal-Agent Problem in African Health Care
نویسندگان
چکیده
منابع مشابه
14. Solutions to Principal-Agent Problems in Firms
There are many settings in which one economic actor (the principal) delegates authority to an agent to act on her behalf. The primary reason for doing so is that the agent has an advantage in terms of expertise or information. This informational advantage, or information asymmetry, poses a problem for the principal—how can the principal be sure that the agent has in fact acted in her best inter...
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We analyze conditional optimization problems arising in discrete time Principal-Agent problems of delegated portfolio optimization with linear contracts. Applying tools from Conditional Analysis we show that some results known in the literature for very specific instances of the problem carry over to translation invariant and time-consistent utility functions in very general probabilistic setti...
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The relationship between government and parents is modelled as a principalagent problem, with the former in the role of principal and the latter in the role of agents. We make three major points. The first is that, if the well-being of the child depends not only on luck, but also on parental actions that the government cannot readily observe, the latter can influence parental behaviour indirect...
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Despite its prominence in economics today, the study of incentives is relatively new. Included in this field is the study of the principal–agent relationship. The principal is one who, within predefined terms, assigns a task to an agent, who performs the task on the principal's behalf. If the agent's incentives are not aligned with those of the principal and the principal cannot monitor the age...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1998
ISSN: 1556-5068
DOI: 10.2139/ssrn.137443