Agent's optimal compensation under inflation risk by using dynamic contract model

DOI10.1007/s11424-021-0008-5zbMath1485.91132OpenAlexW4207045892MaRDI QIDQ2121174

Chen Fei, Fanhong Zhang, Weiyin Fei, Xiao-guang Yang

Publication date: 1 April 2022

Published in: Journal of Systems Science and Complexity (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11424-021-0008-5

zbMATH Keywords

Itô formulaprincipal-agent probleminflation riskmartingale representation theoremequity incentive

Mathematics Subject Classification ID

Contract theory (moral hazard, adverse selection) (91B41) Principal-agent models (91B43)

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