Agent (economics)

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In economics, an agent is an element of a model that solves an optimization problem. For example, buyers and sellers are two types of agents commonly encountered in market models.

The term is most commonly used in relation to principal-agent models where the agent acts on behalf of a principal.

This economics or finance-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "http://en.wikipedia.org../../../a/g/e/Agent_%28economics%29.html"

Categories: Economics terminology | Asymmetric information | Underlying principles of microeconomic behavior | Economics and finance stubs

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• This page was last modified 17:24, 14 March 2007 by Wikipedia user Bot-Schafter. Based on work by Wikipedia user(s) RussBot, John Quiggin, Bluebot, MarkGallagher, SimonP and EnumaElish and Anonymous user(s) of Wikipedia.
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