This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: b. Bob Woodward, Bush politics i. Rumsfeld defense ii. Small military front initially 4. Delegation of Responsibilities. a. Government, a series of delegation of responsibility, delegation relationships. b. Assumes self interest. c. Assymetry of information, as soon as you delegate to someone else, they know something you don't, they can use to get what they want instead of what you want d. The Principal and Agent Problem ( Moral Hazard Problem) i. Principal: Delegating ii. Agent: Person to whom the work is delegated. e. If delegation is neccesary: i. Who Should you delegate to? ii. Advisor: 1. Common idea that should appoint middle of the road. Not true. Personal interest still in play....
View Full Document
This note was uploaded on 05/22/2008 for the course POL V53.0700 taught by Professor Satyanath during the Spring '08 term at NYU.
- Spring '08