The Governor’s Dilemma: Competence Versus Control

Published: Nov 28, 2018
Abstract
Most governance is indirect, carried out through intermediaries. Principal-agent (PA) theory views indirect governance primarily as a problem of information: the intermediary (agent) has an informational advantage over the governor (principal), which it can exploit for shirking, slacking or otherwise evading the governor’s control. But indirect governance creates an even more fundamental problem of power. Competent intermediaries with the...
Paper Details
Title
The Governor’s Dilemma: Competence Versus Control
Published Date
Nov 28, 2018
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