FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W815718081> ?p ?o ?g. }

• W815718081 abstract "Author(s): Choi, Sin Man | Advisor(s): Guo, Xin | Abstract: The principal-agent problem is a classic problem in economics, in which the principal seeks an optimal way to delegate a task to an agent that has private information or hidden action. A general continuous-time stochastic control problem based on the moral hazard problem in Sannikov (2008) is considered, with more general retirement cost and structure. In the problem, a risk-neutral principal tries to determine an optimal contract to compensate a risk-averse agent for exerting costly and hidden effort over an infinite time horizon. The compensation is based on observable output, which has a drift component equal to the hidden effort and a noise component driven by a Brownian motion. In this thesis, a rigorous mathematical formulation is posed for the problem, which is modeled as a combined optimal stopping and control problem. Conditions are given on how a solution to the control problem could be implemented as a contract in the principal-agent framework with moral hazard. Our formulation allows for general continuous retirement profit functions, subject to an upper bound by the first-best profit. The optimal profit function is studied and proved to be concave and continuous. It is shown that the optimal profit function is the unique viscosity solution of the Hamilton-Jacobi-Bellman (HJB) equation." @default.
• W815718081 created "2016-06-24" @default.
• W815718081 creator A5035251410 @default.
• W815718081 date "2014-01-01" @default.
• W815718081 modified "2023-09-27" @default.
• W815718081 title "On Sannikov's Continuous-Time Principal-Agent Problem" @default.
• W815718081 cites W1525883337 @default.
• W815718081 cites W1575104486 @default.
• W815718081 cites W1580561995 @default.
• W815718081 cites W1589928278 @default.
• W815718081 cites W1748509479 @default.
• W815718081 cites W1964770657 @default.
• W815718081 cites W1994053442 @default.
• W815718081 cites W1996097431 @default.
• W815718081 cites W1996634090 @default.
• W815718081 cites W2029130421 @default.
• W815718081 cites W2032316144 @default.
• W815718081 cites W2055301525 @default.
• W815718081 cites W2056653303 @default.
• W815718081 cites W2063996763 @default.
• W815718081 cites W2072082046 @default.
• W815718081 cites W2076351635 @default.
• W815718081 cites W2090368673 @default.
• W815718081 cites W2106580408 @default.
• W815718081 cites W2138704395 @default.
• W815718081 cites W2142453219 @default.
• W815718081 cites W2143018197 @default.
• W815718081 cites W2161924712 @default.
• W815718081 cites W2162537913 @default.
• W815718081 cites W2213161892 @default.
• W815718081 cites W2749408143 @default.
• W815718081 cites W3121863305 @default.
• W815718081 cites W3125895759 @default.
• W815718081 cites W657150709 @default.
• W815718081 hasPublicationYear "2014" @default.
• W815718081 type Work @default.
• W815718081 sameAs 815718081 @default.
• W815718081 citedByCount "1" @default.
• W815718081 countsByYear W8157180812022 @default.
• W815718081 crossrefType "journal-article" @default.
• W815718081 hasAuthorship W815718081A5035251410 @default.
• W815718081 hasConcept C10138342 @default.
• W815718081 hasConcept C126255220 @default.
• W815718081 hasConcept C144237770 @default.
• W815718081 hasConcept C14646407 @default.
• W815718081 hasConcept C162324750 @default.
• W815718081 hasConcept C170131372 @default.
• W815718081 hasConcept C175444787 @default.
• W815718081 hasConcept C181622380 @default.
• W815718081 hasConcept C196978813 @default.
• W815718081 hasConcept C200707436 @default.
• W815718081 hasConcept C2780202544 @default.
• W815718081 hasConcept C28826006 @default.
• W815718081 hasConcept C29122968 @default.
• W815718081 hasConcept C33923547 @default.
• W815718081 hasConcept C37404715 @default.
• W815718081 hasConcept C39389867 @default.
• W815718081 hasConcept C88731125 @default.
• W815718081 hasConcept C91575142 @default.
• W815718081 hasConcept C99414536 @default.
• W815718081 hasConceptScore W815718081C10138342 @default.
• W815718081 hasConceptScore W815718081C126255220 @default.
• W815718081 hasConceptScore W815718081C144237770 @default.
• W815718081 hasConceptScore W815718081C14646407 @default.
• W815718081 hasConceptScore W815718081C162324750 @default.
• W815718081 hasConceptScore W815718081C170131372 @default.
• W815718081 hasConceptScore W815718081C175444787 @default.
• W815718081 hasConceptScore W815718081C181622380 @default.
• W815718081 hasConceptScore W815718081C196978813 @default.
• W815718081 hasConceptScore W815718081C200707436 @default.
• W815718081 hasConceptScore W815718081C2780202544 @default.
• W815718081 hasConceptScore W815718081C28826006 @default.
• W815718081 hasConceptScore W815718081C29122968 @default.
• W815718081 hasConceptScore W815718081C33923547 @default.
• W815718081 hasConceptScore W815718081C37404715 @default.
• W815718081 hasConceptScore W815718081C39389867 @default.
• W815718081 hasConceptScore W815718081C88731125 @default.
• W815718081 hasConceptScore W815718081C91575142 @default.
• W815718081 hasConceptScore W815718081C99414536 @default.
• W815718081 hasLocation W8157180811 @default.
• W815718081 hasOpenAccess W815718081 @default.
• W815718081 hasPrimaryLocation W8157180811 @default.
• W815718081 hasRelatedWork W110645003 @default.
• W815718081 hasRelatedWork W141011018 @default.
• W815718081 hasRelatedWork W1660557123 @default.
• W815718081 hasRelatedWork W2039953262 @default.
• W815718081 hasRelatedWork W2125588369 @default.
• W815718081 hasRelatedWork W2302240885 @default.
• W815718081 hasRelatedWork W2317600935 @default.
• W815718081 hasRelatedWork W2341584517 @default.
• W815718081 hasRelatedWork W2763369952 @default.
• W815718081 hasRelatedWork W2774243636 @default.
• W815718081 hasRelatedWork W2784176577 @default.
• W815718081 hasRelatedWork W2795101687 @default.
• W815718081 hasRelatedWork W2907830265 @default.
• W815718081 hasRelatedWork W2964157002 @default.
• W815718081 hasRelatedWork W3121474985 @default.
• W815718081 hasRelatedWork W3121502824 @default.
• W815718081 hasRelatedWork W3122489422 @default.
• W815718081 hasRelatedWork W3123015176 @default.

• next