3 ms·
Yes, but delegation is always accompanied by principal-agent problems (like moral hazard). Lobbyists ensure that all but the most morally unimpeachable represen
by jkhdigital 5y ago
Yes, but delegation is always accompanied by principal-agent problems (like moral hazard). Lobbyists ensure that all but the most morally unimpeachable representatives will inevitably place moneyed interests before their electorate.