Topic summary
Principal-agent theory
Extracted from the Wikipedia article Principal–agent problem.
Bureaucracy and public administration
Public accountability also plays a role in how the principal-agent theory impacts the public sector. When sworn in, politicians and public servants are responsible for ensuring that they act in the interest of the public that they represent or work for, however, due to budget and resourcing issues as well as lack of transparency trust in the public sector often falls and a major disconnect grows.