What are the two types of representation in Congress?
Congress is divided into two institutions: the House of Representatives and the Senate. The two houses of Congress have equal but unique roles in the federal government. While they share legislative responsibilities, each house also has special constitutional duties and powers.
What is principal agent theory in politics?
The principal–agent problem, in political science, supply chain management and economics (also known as agency dilemma or the agency problem) occurs when one person or entity (the “agent”), is able to make decisions and/or take actions on behalf of, or that impact, another person or entity: the “principal”.
What is principal agent theory in public administration?
Principal/Agent Theory economic that makes clear accountability relationship management (Agent) to shareholders (Principal), Have the effect of creating new public management. This theory of public administration causes agents to act and be accountable to their citizens’ interests.
What is the trustee theory of representation?
The trustee model of representation is a model of a representative democracy, frequently contrasted with the delegate model of representation. In this model, constituents elect their representatives as ‘trustees’ for their constituency.
What do you mean by agency theory?
Agency theory is a principle that is used to explain and resolve issues in the relationship between business principals and their agents. Most commonly, that relationship is the one between shareholders, as principals, and company executives, as agents.
Who introduced agency theory?
The agency theory was first introduced by Stephen Ross and Barry Mitnick in 1973 (Mitnick 2013 and is characterized through the conflict of interest between principal (owners) and agents (managers), known as an “agency problem”.
What are the four types of representation within Congress?
4.1 Substantive representation.
What is agency theory in corporate governance?
Agency theory is used to understand the relationships between agents and principals. The agent represents the principal in a particular business transaction and is expected to represent the best interests of the principal without regard for self-interest. This leads to the principal-agent problem.
How does representation work in the United States Congress?
Representation According to the theory of agency representation, the people choose a representative to carry out their wishes in Congress. If the representative does not do what the constituents want, then the constituents “fire” the member by electing someone else in the next election.
What are the three main theories of representation?
There are three theories of representation, or how people choose their representatives: trustee representation, sociological representation, and agency representation. According to the theory of trustee representation, the people choose a representative whose judgment and experience they trust.
Is there a common understanding of political representation?
Indeed, as we will see, the concept of political representation has multiple and competing dimensions: our common understanding of political representation is one that contains different, and conflicting, conceptions of how political representatives should represent and so holds representatives to standards that are mutually incompatible.
What is Andrew Rehfeld’s general theory of representation?
Andrew Rehfeld (2006) has offered a general theory of representation which simply identifies representation by reference to a relevant audience accepting a person as its representative. One consequence of Rehfeld’s general approach to representation is that it allows for undemocratic cases of representation.