Knihobot

Contract Theory in Continuous-Time Models

Parametre

  • 268 stránok
  • 10 hodin čítania

Viac o knihe

This monograph surveys recent advancements in continuous-time Principal-Agent models and contract theory, focusing on solving stochastic optimization problems for optimal contracts. It employs the Stochastic Maximum Principle and characterizes optimal contracts through Forward-Backward Stochastic Differential Equations, offering explicit solutions in special cases for economic insights.

Nákup knihy

Contract Theory in Continuous-Time Models, Jak A Cvitanic, Jianfeng Zhang

Jazyk
Rok vydania
2014
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