Principal-Agent 发音 定义 Definition principal-agent(委托代理) 指一种关系或模型:委托人(principal) 把任务、决策权或资源交给代理人(agent) 去执行,但双方目标与信息掌握程度可能不一致,从而产生信息不对称 与激励不一致 等问题(如“道德风险”“逆向选择”)。该词也常指由此引发的委托代理问题 。
发音 Pronunciation (IPA) /prnspl ednt/
例句 Examples The company hired a manager to act as its principal-agent. 公司雇了一位经理来充当其委托代理关系中的代理人。
In a principal-agent relationship, hidden information can lead the agent to take actions that benefit themselves rather than the principal. 在委托代理关系中,隐藏信息可能导致代理人采取更利己而非符合委托人利益的行为。
词源 Etymology principal 源自拉丁语 princeps (“首要的、主要的人/事”),在法律与经济语境中引申为“委托方、当事人”。agent 源自拉丁语 agere (“做、行动”),指“执行者、代理者”。合起来的principal-agent
相关词 Related Words 文学与经典著作 Notable Works Jensen, Michael C., & Meckling, William H. “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure” (1976) Ross, Stephen A. “The Economic Theory of Agency: The Principal’s Problem” (1973) Eisenhardt, Kathleen M. “Agency Theory: An Assessment and Review” (1989) Milgrom, Paul, & Roberts, John. Economics, Organization and Management (1992) Hart, Oliver. Firms, Contracts, and Financial Structure (1995)