Organisation Theory: The Principal-Agent Perspective

Organisation Theory: The Principal-Agent Perspective

Jan-Erik Lane

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1 University of Freiburg, Freiburg, Germany

GJHSS Volume 14 Issue F7

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Today much relevant questions concern Who get what, when and how?, due to the incredible rise in the remuneration of the economic, cultural and political elites in the large organisations around the world. A suitable conceptual framework for the analysis of the fundamental question, namely Cui Bono?, is the principal-agent approach from recent advances in game theory. The skyrocketing of the salaries and bonuses of CEO:s in the private sector and the spreading out of corrupt practices in the public sector forces the social science to ask the quid pro quo question about the relationship between the remuneration of agents and their delivery of outputs to the principal. It is truly fruitful for the understanding of political organisation in whatever form it takes. Politics everywhere is about contracting, introducing a web of contracts between principal and agents. The shape of these contracts determines the real constitution of a country.

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No external funding was declared for this work.

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. 2014. \u201cOrganisation Theory: The Principal-Agent Perspective\u201d. Global Journal of Human-Social Science - F: Political Science GJHSS-F Volume 14 (GJHSS Volume 14 Issue F7): .

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GJHSS Volume 14 Issue F7
Pg. 45- 51

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

asymmetric information considerations in contracts contracting cui bono incentives organisation theory quid pro quo simple contracts – comple

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Submission ReceivedDecember 9, 2013
RevisedDecember 9, 2013
Peer Review Double Blind
Handling Editor
Accepted December 31, 2013
Published January 15, 2014

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December 16, 2014

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English

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Total Score: 101

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Subject: Global Journal of Human-Social Science - F: Political Science

Authors: Jan-Erik Lane (PhD/Dr. count: 0)

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