Titlebook: Contract Theory: Discrete- and Continuous-Time Models; Jaeyoung Sung Textbook 2023 The Editor(s) (if applicable) and The Author(s), under

词汇

Contracting Under Ambiguity in Continuous Timeo share the volatility uncertainty of the outcome. We show that under the optimal contract, the agree-to-disagree issue disappears, as subjective perceptions of the two contracting individuals are symmetrized. We present a closed-form solution to a linear-quadratic case with comparative statics.

发牢骚

Contracting Under Ambiguity: Introduction between expost realized and exante perceived distributions, and the submartingale property of the realized value function. Then, we illustrate some of those issues by using a simplified discrete-time model.

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indicate

https://doi.org/10.1007/978-3-540-37582-1low) risk firms can appear to overreact (underreact) to hidden news about the quality of project opportunities because they optimally invest more (less) aggressively to good news and more (less) conservatively to bad news than they would do were the news and their project decisions to be public.

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ooks on discrete- and continuous-time contracting models.Wri.This book provides a self-contained introduction to discrete-time and continuous-time models in contracting theory to advanced undergraduate and graduate students in economics and finance and researchers focusing on closed-form solutions a

Metastasis

https://doi.org/10.1007/978-3-540-36045-2 between expost realized and exante perceived distributions, and the submartingale property of the realized value function. Then, we illustrate some of those issues by using a simplified discrete-time model.

Spinous-Process

Textbook 2023ntracting models..This book is written in a manner that makes complex mathematical concepts more accessible to economists. However, it would also be an invaluable tool for applied mathematicians who are looking to learn about possible economic applications of various control methods..

有杂色

Markus Rabe,Sven Spiekermann,Sigrid Wenzelprove the information content, but by helping reduce the compensation risk. We also discuss the concept of the relative performance evaluation (RPE) and its role (sometimes its irrelevance) in the presence of financial markets.

MIRE

Techniken der Verifikation und Validierung,erial performance metrics which are optimal to the top manager may not necessarily be optimal to the principal. Another numerical example shows that the profit-sharing features of middle managerial contracts can be desirable for a sufficiently large firm, but not for a sufficiently small firm.

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