In dry areas, the wind is the principal agent of erosion.

在干旱地区，风是侵蚀的主要因素。

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The profit and risk of loss remains within the principal, unless the agent is a del credere one.

除非代理人是保兑的，否则利润和损失风险由委托人承担。

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Private equity companies have much less of a principal-agent problem than do Citicorp, Bears Sterns and other publicly traded companies because private equity companies have a concentrated ownership.

比起花旗集团和贝尔斯登，私人实体企业与委托代理问题无多少关联，这是因为其拥有集中的所有制。

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As time went on though, the principal-agent problem manifested itself in each one.

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One of the worst ideas to come out of academia in the last 50 years is the so-called principal-agent problem.

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Corporate America had a principal-agent problem, they said.

ECONOMIST: Schumpeter