Monday, May 3, 2010

BP and the Blame Game

When and if there is agency loss, who's to blame--(1) the principal who hires the agent to work in its interest, (2) the agent who may be incentivized to simultaneously increase its own profits while decreasing costs to the principal, or (3) the government who regulates these transactions to prevent negative externalities?

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Interesting places to go as you are swept through the inter-tubes