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Questions about how economic terms, quantities, or ideas can be defined.

8 votes
1 answer
85 views

Is "avoiding being the bearer of bad news" an example of the "principal-agent problem"?

For example: A king designs a bridge, and he unknowingly does a bad job. He asks an engineer for her opinion, but the engineer fears that if she tells the truth, the dictator will be angry with her. …
wintergreen_plaza's user avatar