Principal-agent Theory in Science and Technology Studies

Authors

  • Remo Fernández-Carro Universidad Carlos III de Madrid

DOI:

https://doi.org/10.3989/arbor.2009.738n1054

Keywords:

Principal-agent theory, agency theory, science, technology, research, sociology of science, economics of science, science and technology studies, public policy, science policy, reward system of science

Abstract


This paper introduces principal-agent theory and its recent application in science and technology studies. First, the text describes the theory itself and its developments in economics and political science. The paper examines the way these disciplines have used it to explain research related issues. Then, it presents specific applications of the theory to science and technology studies. The paper suggests that the Principal-Agent Theory is related to classical theories of the discipline, of which it is sometimes merely a formalization. It proposes, finally, that the theory weaknesses are due to its misuse and its limited development rather than to its real potential, judging by its successful application in other social sciences.

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Author Biography

Remo Fernández-Carro, Universidad Carlos III de Madrid

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Published

2009-08-30

How to Cite

Fernández-Carro, R. (2009). Principal-agent Theory in Science and Technology Studies. Arbor, 185(738), 809–824. https://doi.org/10.3989/arbor.2009.738n1054

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