A statement about misaligned incentives. The representative of an organization may optimize his decisions for his own benefit, not that […]

This relationship exists when one party (the principal) would like another party (the agent) to act in some way, or […]

Prioritization is the activity that arranges items or activities in order of importance relative to each other. In the context […]

A game in which the payoffs in the dominant strategy equilibrium are lower for each player, and also lower in […]

Funds and investors that directly invest in private companies.

A good that is both rival, and from which others can be excluded.

A type of legal company structure that, among other features, limits the personal liability of the company owners so that […]

Something is private property if the person possessing it has the right to exclude others from it, to benefit from […]

The process of moving state-owned assets into the private sector.

Proactive Attitude (PA) is a personality characteristic which has implications for motivation and action. It is a belief in the […]