In thinking about the "principal-agent problem" in a democratic government, we assign the role of "principal" to
the government.

Name: In thinking about the "principal-agent problem" in a democratic government, we assign the role of "principal" to the government.
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In the context of the "principal-agent problem" within a democratic government, the citizens or voters are considered the "principal" because they delegate authority to elected officials (agents) to act on their behalf.

In Thinking About the "Principal-Agent Problem" in a Democratic Government