Public Sector’s Principal-Agent Theory in a Global World
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The problem of institutionalization and the impact of institutions on individual and collective action is discussed by Attila György in his article. The author focuses on communication processes that take place at various levels of the state and society. Participants’ behaviour (public and private actors), administrative and legal regulations influence the quality and effectiveness of communication. The article examines the factors determining the model of power distribution and how it shapes interaction between individuals and institutions.
- J.-E. Lane, Public Administration and Public Management. The Principal-Agent Perspective, London- New York 2005
- Ch. Schaefer, ‘Delineating the Public Financial Management Reform – On the Common Mistake of Overestimating the Reform as Universal Remedy and How to Avoid This.’, Administration and Public Management Review, No. 6 (2006)
- F. Amagoh, ‘Information Asymmetry and the Contracting Out Process,’ The Innovation Journal, Vol. 14, No. 2 (2009)
- M.J. Luby, ‘Agency Problems in Public Management. Evidence from Debt Management Function,’ presented at 10th Public Management Research Association Conference, 2009.
- Y. Sannikov, ‘A Continuous-Time Version of the Principal-Agent Problem,’ Review of Economic Studies (2007).
- M. Deng, ‘Ex Ante Conservatism. A Mechanism to Balance Agency Costs and Investment Efficiency,’ American Accounting Association, Management Accounting Section (MAS) Meeting, 10-12 January 2008.
- C. Fuest, M. Kolmar, ‘A Theory of User-Fee Competition,’ CESifo Working Paper, No. 1166 (2004).
- L.M. Salamon, ‘The Resilient Sector. The State of Nonprofit America’ in L.M. Salamon (ed.), The State of Nonprofit America, Washington 2012, p. 31
- E. James, D.R. Young, ‘Fee Income and Commercial Ventures’ in D.R. Young (ed.), Financing Nonprofits. Putting Theory into Practice, Lanham 2007.
- G. Majone, ‘The Agency Model. The Growth of Regulation and Regulatory Institutions in the European Union,’ EIPASCOPE, No. 3 (1997).
- V. Nilakant, H. Rao, ‘Agency Theory and Uncertainty in Organizations. An Evaluation,’ Organization Studies, Vol. 15, No. 5 (1994).
- D. Coen, M. Thatcher, ‘Network Governance and Multi-Level Delegation. European Networks of Regulatory Agencies,’ Journal of Public Policy, Vol. 28, No. 1 (2008).
- R.W. Waterman, K.J. Meier, ‘Principal-Agent Models: An Expansion?,’ Journal of Public Administration Research and Theory, Vol. 8, No. 2 (1998).
- H. Zhang, S. Zenios, ‘A Dynamic Principal-Agent Model with Hidden Information. Sequential Optimality through Truthful State Revelation,’ Operations Research, Vol. 56, No. 3 (2008).
- A. Basile, M.G. Graziano, M. Pesce, ‘Mixed Markets with Public Goods,’ Centre for Studies in Economics and Finance Working Paper, No. 261 (2010).
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