What issue does the "principal-agent" model address? a. public goods-the problem ofemployers abuse b. asymmetric information-the problem of adverse selection c. externalities-the problem of network effects Odpublic goods-the problem of employees abuse e. asymmetric information-the problem of incentive compatibility

What issue does the "principal-agent" model address? a. public goods-the problem ofemployers abuse b. asymmetric information-the problem of adverse selection c. externalities-the problem of network effects Odpublic goods-the problem of employees abuse e. asymmetric information-the problem of incentive compatibility

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter21: Getting Employees To Work In The Firm’s Best Interests

Section: Chapter Questions

Problem 21.4IP

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