International Journal of Business and Economics Volume 2, No. 3 December, 2003

Structure, Conduct, and Performance of Principal-Agent Models: An Overview

Jong-Shin Wei

Department of Insurance and Finance, SHU-TE University, Taiwan

Chwen-Chi Liu

Department of Insurance, Feng Chia University, Taiwan

Abstract

This prelude introduces the first symposium of this journal devoted to the structure, conduct, and performance of principal-agent models in a broad view. Five papers, exemplifying recent developments and targeting readers of interdisciplinary interest, are summarized.

Keywords：agency, principal-agent, asymmetric information, contract.

JEL Classifications：D8, L1, L2.

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