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Contract Theory in Continuous-Time Models

By Jaksa Cvitanic, Jianfeng Zhang
eBook
$99.00
By Jaksa Cvitanic, Jianfeng Zhang
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In recent years there has been a significant increase of interest in continuous-time Principal-Agent models, or contract theory, and their applications. Continuous-time models provide a powerful and elegant framework for solving stochastic optimization problems of finding the optimal contracts between two parties, under various assumptions on the information they have access to, and the effect they have on the underlying "profit/loss" values. This monograph surveys recent results of the the...

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Science & TechnologyMathematicsMathematics - Applied