V2EX principal-agent

Principal-Agent

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)
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