Social awareness

भिडियो हेर्न तलको बक्स भित्र क्लिक गर्नुहोस

Common examples of this relationship include corporate management agent and shareholders principal, or politicians and principal. In fact the problem can arise in almost any context where one party is being paid by another to do something where the agent has a small or nonexistent share in the outcome, whether in formal employment or a negotiated deal such as paying for household jobs or car repairs.

Consider a legal client the principal wondering whether his lawyer the agent is recommending protracted legal proceedings because it is truly necessary for the client's well being, or because it will generate income for the lawyer.The problem arises where the two parties have different interests and asymmetric information the agent having more information.such that the principal cannot directly ensure that the agent is always acting in his best interest,particularly when activities that are useful to the principal are costly to the agent, and where elements of what the agent does are costly for the principal to observe



भिडियो हेर्न तलको बक्स भित्र क्लिक गर्नुहोस

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