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The study of relationships where one party (agent) acts for another (principal), central to corporate governance and organisational economics. IRSA extends agency theory temporally: the principal-agent problem is most severe when agents' time horizons differ from principals'. Commitment Architecture can bind agents to longer horizons structurally.
CEOs with short tenure make decisions harmful to long-term shareholders. Standard agency theory suggests better incentives. IRSA's Commitment Architecture suggests structural binding—making certain long-term-harming actions architecturally impossible.
See: Commitment Architecture, Temporal Asymmetry