The design of public agencies: overcoming agency costs and commitment problems
- 2004
- p.119-27.
- May
This article focuses on problems of institutional design from a political perspective. It examines the problems of agentification using a principal-Agent framework, and attempts to explain the choices made between problems of commitment and problems of agency. The fundamental problem addressed is the degree of autonomy possible within a broader framework of political control of policy. - Reproduced.