On optimal sharing rules in discrete- and continuous-time principal-agent problems with exponential utility

DOI10.1016/S0165-1889(96)00944-XzbMath0879.90045OpenAlexW2086974719MaRDI QIDQ673263

Heinz Schättler, Jaeyoung Sung

Publication date: 28 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1889(96)00944-x

zbMATH Keywords

Dynamic programmingStochastic controlIncentivesAgency problemsContinuous-time principal-agent problemsContracts

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (15)

Dynamic Contracting: Accidents Lead to Nonlinear Contracts ⋮ Risk-sharing and optimal contracts with large exogenous risks ⋮ Dynamic programming approach to principal-agent problems ⋮ Optimal contracting with effort and misvaluation ⋮ On the first-order approach in principal-agent models with hidden borrowing and lending ⋮ A continuous-time version of a delegated asset management problem ⋮ A solvable time-inconsistent principal-agent problem ⋮ Contracting Theory with Competitive Interacting Agents ⋮ Dynamic optimal contract under parameter uncertainty with risk-averse agent and principal ⋮ Optimal compensation with adverse selection and dynamic actions ⋮ Incentives and individual motivation in supervised work groups ⋮ A Tale of a Principal and Many, Many Agents ⋮ The first-best sharing rule in the continuous-time principal-agent problem with exponential utility ⋮ Optimal contracting under mean-volatility joint ambiguity uncertainties ⋮ Optimal contracting with moral hazard and behavioral preferences

Cites Work

• The first-order approach to the continuous-time principal-agent problem with exponential utility
• The First-Order Approach to Principal-Agent Problems
• Aggregation and Linearity in the Provision of Intertemporal Incentives
• Justifying the First-Order Approach to Principal-Agent Problems
• The Theory of Moral Hazard and Unobservable Behaviour: Part I
• Unnamed Item

This page was built for publication: On optimal sharing rules in discrete- and continuous-time principal-agent problems with exponential utility