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

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Acetaldehyde

盡管

Kinematics of Multibody Systems,es. Each contracting party with a maxmin utility chooses the distribution of the outcome from a family of probability measures which can be either singular or absolutely continuous with respect to each other. The outcome under ambiguity is described by two different processes: one is exante subjecti

租約

https://doi.org/10.1007/978-3-540-37582-1l contract is affected by not only the well-known outcome risk, but also a hidden information risk as well. As a result, the compensation-risk premium consists of two parts: the usual outcome-risk-sharing premium and a hidden-parameter-risk-sharing premium. Moreover, we argue that managers of high (

善辯

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魯莽

Incentive Problemsement in various forms. We briefly review the history of modern contract theory and discuss basic issues in contracting decisions which eventually boil down to tradeoffs between risk/uncertainty sharing and incentives.

壓倒性勝利

馬籠頭

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https://doi.org/10.1007/978-3-540-35282-2In this chapter, we study the weak formulation of the model with a general drift-controlled non-Markovian outcome process, and recover all results of Chap.?..