monitoring

On Effective Mutual and Hierarchical Monitoring: From a Historical Perspective

The operation of a political regime or a business entity involves the principal-agent problem. Checks and balances are the theme in the political arena, while management and controlling are the routine in the business world. To ensure that the ministers or the executive officers perform the desired functions, a monitoring scheme may be helpful. The crux of the issue is the lack of trust and information on those employed.

On Effective Mutual and Hierarchical Monitoring: From a Historical Perspective

The operation of a political regime or a business entity involves the principal-agent problem. Checks and balances are the theme in the political arena, while management and controlling are the routine in the business world. To ensure that the ministers or the executive officers perform the desired functions, a monitoring scheme may be helpful. The crux of the issue is the lack of trust and information on those employed.

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