公共支出过程中的委托代理关系（The principal-agent relation in the process of public expenditure）.docVIP

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公共支出过程中的委托代理关系（The principal-agent relation in the process of public expenditure）.doc

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公共支出过程中的委托代理关系（The principal-agent relation in the process of public expenditure）

公共支出过程中的委托代理关系（The principal-agent relation in the process of public expenditure） The principal-agent relation in the process of public expenditure The principal-agent relationship in the process of public expenditure 2008-12-20 15:15:24 Abstract: the multilayer principal-agent relationship exists in the process of public expenditure: from outside the organization can be divided into public, legislative bodies, the legislature, the government (represented by Treasury Department), principal-agent relationship between the financial sector and financial units; from within the organization can be divided into, the principal-agent relationship between managers and are managers, the higher and lower levels of. Due to the particularity of the government field, the principal-agent relationship in public expenditure is characterized by multiple clients and multi task agents, incomplete long-term contracts and so on. This paper uses the principal-agent theory of information economics to analyze the principal-agent relationship of public expenditure, and combined with the analysis of transaction cost economics put forward the particularity of the principal-agent relationship in the process of public expenditure. Key words: principal agency; public expenditure process; long term contract; short-term contract There are multi-level principal-agent relationships in the public sector. Albertbreton believes that the public sector there are three kinds of principal-agent problem: 1 the first principal-agent problem, such as adolfberleandgardinermeans (1932) the owner of the principal-agent problem caused by the separation of ownership and control and management personnel, the public department also exists the principal-agent problem between the citizens and the center of power. Second agency problem is the center of power (and other institutions) in politicians (managers) and public servant (workers) the principal-agent problem between, this problem is more complicated, because the b