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The multiple principal problem, also known as the common agency problem, the multiple accountabilities problem, or the problem of serving two masters, is an extension of the principal-agent problem that explains problems that can occur when one person or entity acts on behalf of multiple other persons or entities. [1]
International legal theory, or theories of international law, comprise a variety of theoretical and methodological approaches used to explain and analyse the content, formation and effectiveness of international law and institutions and to suggest improvements.
In economic theory, the principal-agent approach (also called agency theory) is part of the field contract theory. [36] [37] In agency theory, it is typically assumed that complete contracts can be written, an assumption also made in mechanism design theory. Hence, there are no restrictions on the class of feasible contractual arrangements ...
Cultural agency theory (CAT) as a development of AAT. [11] It is principally used to model organisational contexts that have at least potentially stable cultures. The existential system of AAT becomes the cultural system, the figurative system becomes a normative personality, [ 12 ] and the operative system now represents the organisational ...
In social science, agency is the capacity of individuals to have the power and resources to fulfill their potential. Social structure consists of those factors of influence (such as social class, religion, gender, ethnicity, ability, customs, etc.) that determine or limit agents and their decisions. [ 1 ]
Bourdieu's work attempts to reconcile structure and agency, as external structures are internalized into the habitus while the actions of the agent externalize interactions between actors into the social relationships in the field. Bourdieu's theory, therefore, is a dialectic between "externalizing the internal", and "internalizing the external".
Agency law in the United Kingdom is a component of UK commercial law, and forms a core set of rules necessary for the smooth functioning of business. Agency law is primarily governed by the Common law and to a lesser extent by statutory instruments. In 1986, the European Communities enacted Directive 86/653/EEC on self-employed commercial agents.
New York University School of Law (Program for History and Theory of International Law) The Fletcher School of Law and Diplomacy; University of British Columbia (Law faculty) Harvard University (European Law Research Center) Institute of State and Law (Institute of State and Law, Russian Academy of Sciences) Leiden University (A. Wijffels)