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We analyze the issue of agency costs in aviation security by combining results from a quantitative economic model with a qualitative study based on semi-structured interviews. Our model extends previous Principal-Agent models by combining the traditional fixed and varying monetary responses to physical and cognitive effort with non-monetary welfare and potentially transferable value of employees' own human capital. To provide empirical evidence for the trade-offs identified in the quantitativedoi:10.1111/risa.12607 pmid:27031572 fatcat:sx7viszdprhdjntpiobbedfm3a