The principal-agent problem exists in public enterprises as well as for-profit firms because

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    managers in non-profit organizations may be more interested in efficiency than power and perks.
     managers in non-profit organizations are paid less and so often develop a shirking problem.
     legislative checks on a government agencys managers are not likely to be effective as long as the agency has better information about costs and performance than the legislature has..
     legislative checks on a government agencys managers are effective but seldom performed..
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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legislative checks on a government agencys managers are not likely to be effective as long as the agency has better information about costs and performance than the legislature has..
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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