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Agent’s Optimal Compensation Under Inflation Risk by Using Dynamic Contract Model
This paper studies the problem of principal-agent with moral hazard in continuous time. The firm’s cash flow is described by geometric Brownian motion (hereafter GBM). The agent affects the drift of the firm’s cash flow by her hidden effort. Meanwhile, the firm rewards the agent with corresponding c...
| Autores principales: | , , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Academy of Mathematics and Systems Science, Chinese Academy of Sciences
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8748525/ https://www.ncbi.nlm.nih.gov/pubmed/35035180 http://dx.doi.org/10.1007/s11424-021-0008-5 |