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The first-order approach when the cost of effort is money

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Publication:1940384
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DOI10.1016/J.JMATECO.2012.09.002zbMath1347.91181OpenAlexW2019220239MaRDI QIDQ1940384

Claude Fluet, Marie-Cécile Fagart

Publication date: 6 March 2013

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://depot.erudit.org/id/003602dd


zbMATH Keywords

principal-agent modelinformation systemmoral hazardcontractnonseparable utilitypecuniary effort


Mathematics Subject Classification ID


Related Items (6)

Who should exert more effort? Risk aversion, downside risk aversion and optimal prevention ⋮ Information space conditions for the first-order approach in agency problems ⋮ Optimal contracts and asset prices in a continuous-time delegated portfolio management problem ⋮ Prevention as a Giffen good ⋮ Protection in numbers? Self-protection as a local public good ⋮ Globally convergent method for designing twice spline contractual function







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