Contract Theory in Continuous-Time Models

• Main Authors: Cvitanić, Jakša (Author), Zhang, Jianfeng (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2013.
• Series: Springer Finance,
• Subjects: Mathematics.; Game theory.; Economics, Mathematical.; System theory.; Quantitative Finance.; Game Theory, Economics, Social and Behav. Sciences.; Systems Theory, Control.

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 betwe...