How can the principal-agent model be used to explain why public enterprises, such as post offices, might

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How can the principal-agent model be used to explain why public enterprises, such as post offices, might pursue goals other than profit maximization?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:37 AM

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How can the principal-agent model be used to explain why public enterprises, such as post offices, might

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Managers of public enterprises can be expected to act in much the same way as managers of private en...View the full answer

Microeconomics

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