The canonical principal-agent problem involves a risk-neutral principal who must use incentives to motivate a risk-averse agent to take a costly, unobservable action that improves the principal’s payoff. The standard solution requires an inefficient shifting of risk to the agent. This...

In contrast to principal-agency theory, the possibility of the political control of the bureaucracy depends on bureaucratic structure. In this article, I argue that the functional decentralization of responsibility and authority for policy formulation and implementation involves a net loss of...

This study defines and compares three broad theories that seek to explain bureaucratic preferences. I first argue that each of these explanations is complex — that no single measurable attribute encapsulates the entire theory. Second, I argue that these explanations are non-nested...