Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

When a principal hires an agent to carry out specific tasks, the hiring is termed a "principal-agent relationship," or simply an "agency relationship." When a conflict of interest between the needs of ...

What Is the Principal-Agent Problem in Government? The principal-agent problem describes challenges that occur when agents and principals have conflicting interests. Democratically elected governments ...

Why exclude state-owned enterprises (SOEs) from equity allocations? This a natural first question investors tend to ask when they hear of WisdomTree’s suite of ex-state-owned equity ETFs. The ...

Michael Douglas, in his Academy Award winning portrayal of Gordon Gekko in the movie “Wall Street,” declares in his famous “greed” speech that the company has “33 different vice presidents” that are ...

As a small business owner, it's likely that you routinely employ other people to perform tasks and make decisions on your behalf. Delegating responsibility can take a lot of weight off your shoulders ...

In the lens of recent discussion on the 50th anniversary of Milton Friedman’s New York Times essay on shareholder primacy, which I’ve recently written on, I’ve been thinking about a strange decision ...

Blockchain technology produced a new business model; one that enables companies to profit through creating and releasing open-source code. The decentralisation of business orgs creates new corporate ...

I develop a theoretical model of price discrimination under social influence. I find that social influence gives sellers the incentive to artificially create and maintain excess demand on the market.

Recent disclosures of Volkswagen’s deliberate frauds to foil U.S. emissions standards on its diesel cars may be mind-boggling in their audacity, but they are a gift to econ teachers like me. What ...

Europe Is Going After America’s Biggest Companies. Trump Must Push Back Deregulation: Clearing the Way to a Better Economy The Growing Business of Government Intel: (Jean-Baptiste) Colbert and ...