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Optimal compensation with hidden action and lump-sum payment in a continuous-time model - MaRDI portal

Optimal compensation with hidden action and lump-sum payment in a continuous-time model (Q2391249)

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Optimal compensation with hidden action and lump-sum payment in a continuous-time model
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    title
    Optimal compensation with hidden action and lump-sum payment in a continuous-time model (English)
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    author
    Jakša Cvitanić
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    Xuhu Wan
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    Jianfeng Zhang
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    publication date
    24 July 2009
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    zbMATH DE Number
    5586595
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    zbMATH Keywords
    hidden action
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    moral hazard
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    second-best optimal contracts and incentives
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    principal-agent problems
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    stochastic maximum principle
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    forward-backward SDEs
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    OpenAlex ID
    W2138209183
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