Principals and Agents: The Structure of Business

by John W. Pratt, Richard J. Zeckhauser

Eight essays address the inherent problems of the agency relationship, such as monitoring performance and the careful design of incentives. By applying agency theory to actual practices in areas as diverse as tax-sheltered programs and transfer pricing, the contributors present conceptual tools and practical ideas for shaping agency structures to serve the best interests of both parties. A research colloquium book.

241 pages, Paperback

First published June 1, 1985

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Other authors publishing under this name are:

John W. (Winsor) Pratt, mathematics and statistics
John W. Pratt, religion