The aim of this article is twofold. First, I review the political science literature on delegation and control and apply the control side of agency theory to the activities of the Commission. Second, I test McCubbins and Pages (1987) propositions on the determinants of control. I then conclude...

Cooperation in Justice and Home Affairs (JHA) an issue area that includes matters of asylum, immigration, police and judicial cooperation is a relatively new policy arena for the European Union. The level and quality of the collective thinking on these issues have improved since the mid-1980s....

Theory: The adoption of EC secondary legislation can be analyzed from the perspective of agency theory whereby Member States and the Parliament delegate policy authority to the Commission and design ex-post control procedures (i.e. Comitology). Rational choice and sociological institutionalisms...

This contribution begins with reciting the facts behind the resignation of the European Commission under Jacques Santer, followed by theoretical considerations on the significance of trust and reputation from the principal-agent-theory perspective. The third part puts the emphasis on discussing...

This paper applies a principal-agent model of delegation, agency and agenda setting to the 1996 intergovernmental conference and the Treaty of Amsterdam, in order to understand both the delegation of powers to supranational organizations in the new Treaty, and the efforts of such organizations...

Traditionally clustered around one leading "hegemonic" world currency, with the introduction of the euro the international monetary regime might become a "symmetric" dipolar system. This fundamental change would come at a time of already considerable uncertainty when, after the Asian, Russian...

Conflicts of interest are a very widespread ethical problem which, precisely for that reason, deserves special attention, both from a legal viewpoint and from the point of view of ethics applied to organizations and professions. In this paper we use the conceptual framework of agency theory to...

Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take explicitly or implicitly agency theory as a theoretical basis. The emerging psychological economics opens a new perspective. As scholarly research is a mainly curiosity driven...

Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take explicitly or implicitly agency theory as a theoretical basis. The emerging psychological economics opens a new perspective. As scholarly research is a mainly curiosity driven...

We develop a model of internal governance where the self-serving actions of top management are limited by the potential reaction of subordinates. We find that internal governance can mitigate agency problems and ensure firms have substantial value, even without any external governance. Internal...