Agency cost

The agency costs are a type of cost that occurs in the context of principal-agent theory and the fact themed concept of asymmetric information. They describe the difference in cost solution ideal ( perfect information ) to those in the real solution (for imperfect information ).

One can generally distinguish three components:

Swell

• Joachim Paul: Introduction to Business Administration, Gabler, 1st edition, 2006, ISBN 3834903361, page 54/55 ( in other references, including Picot / Dietl / Frank)

• New Institutional Economics