Abstract: Presents a formal theoretical framework that clarifies when principals can, and cannot, use delegation to accomplish desired ends. It shows the conditions (having to do with preferences and information) under which agents will act in their principals’ interests and how political institutions can alleviate the perils of delegation. Finally, it discusses the implications of its theoretical insights on chains of political delegation.
Publication Year: 2003
Publication Date: 2003-11-20
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
Cited By Count: 202
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