Competing Solutions to the Principal-Agent Model
Governance Salon featuring Stephen Haptonstahl, University of California, Davis
Stephen Haptonstahl’s talk offers statistical approaches for studying principal-agent relationships. He is a rising star in political methodology and bureaucratic politics.
Haptonstahl designs and solves two statistical models of the Principal-Agent (boss-subordinate) game. This allows comparison of various substantive reasons for deviation from rational (Nash equilibrium) behavior in hierarchies.