This misalignment of model seems like it drives a hidden agency cost - where the agents/people you've delegated to /think/ their interests are aligned with yours but are actually not... and this is hard to account for. Do you know if there is a name for that type of agency cost, driven by the problem you describe?
This misalignment of model seems like it drives a hidden agency cost - where the agents/people you've delegated to /think/ their interests are aligned with yours but are actually not... and this is hard to account for. Do you know if there is a name for that type of agency cost, driven by the problem you describe?