Concepedia

Principal-agent Theory

Principal-Agent Theory is a foundational framework in Contract Theory that models the strategic interaction between two rational parties, where one party (the principal) delegates decision-making authority to another party (the agent) under conditions of information asymmetry, misaligned incentives, and contractual incompleteness.

1.2K

Publications

141.6K

Citations

1.7K

Authors

753

Institutions

Publications per year

2017–2026

164

Parents

Children

Publications

1.2K

Agency Theory: An Assessment and Review

Kathleen M. Eisenhardt · Academy of Management Review · 1989 · 9.4K citations

, , +11

Moral Hazard and Observability

Bengt Holmström · The Bell Journal of Economics · 1979 · 8.5K citations

, , +17

Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design

Bengt Holmström, Paul Milgrom · The Journal of Law Economics and Organization · 1991 · 6.1K citations

, , +14

Agency Theory: An Assessment and Review

Kathleen M. Eisenhardt · Academy of Management Review · 1989 · 5.9K citations

, , +11

The Economic Theory of Agency: The Principal's Problem.

Stephen A. Ross · American Economic Review · 1973 · 4.1K citations

, , +14

1–5 of 1.2K

Authors

1.7K

  1. DM
    David Martimort

    Paris School of Economics, France

    16 publications · 1.3K citations

    14

    h-index

  2. DE
    David E. M. Sappington

    University of Florida, United States

    9 publications · 1.8K citations

    9

    h-index

  3. JL
    Jean‐Jacques Laffont

    Institut d'Économie Industrielle, France

    8 publications · 2K citations

    8

    h-index

  4. JT
    Jean Tirole

    Institut d'Économie Industrielle, France

    8 publications · 3.8K citations

    8

    h-index

  5. DM
    Dilip Mookherjee

    Boston University, United States

    8 publications · 1.1K citations

    8

    h-index

1–5 of 1.7K

Institutions

753

  1. Stanford University

    Stanford, United States

    23 h-index

    32 publications

    20.2K citations

  2. Northwestern University

    Evanston, United States

    22 h-index

    31 publications

    3.6K citations

  3. University of Chicago

    Chicago, United States

    21 h-index

    34 publications

    4.1K citations

  4. Columbia University

    New York, United States

    17 h-index

    31 publications

    1.7K citations

  5. Duke University

    Durham, United States

    16 h-index

    20 publications

    1.6K citations

  6. University of California, Berkeley

    Berkeley, United States

    16 h-index

    30 publications

    2K citations

  7. Centre for Economic Policy Research

    London, United Kingdom

    15 h-index

    24 publications

    888 citations

  8. London School of Economics and Political Science

    London, United Kingdom

    15 h-index

    27 publications

    1.6K citations

1–8 of 753

Venues

  1. Econometrica

    42 publications · 16.1K citations

    37

    h-index

  2. SSRN Electronic Journal

    Repository · 109 publications · 3.7K citations

    32

    h-index

  3. American Economic Review

    36 publications · 11.3K citations

    29

    h-index

  4. The RAND Journal of Economics

    42 publications · 5.2K citations

    29

    h-index

  5. Journal of Economic Theory

    JET · 31 publications · 3.4K citations

    26

    h-index

1–5