Optimal Contract to Induce Continued Effort
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DOI: 10.1287/mnsc.2017.2826
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- Shenzhe Jiang & Junjie Xia & Jiajun Xu & Jianye Yan, 2023. "A theory of National Development Bank: long-term investment and the agency problem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(3), pages 995-1024, October.
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Keywords
dynamic; moral hazard; optimal control; jump process; principal–agent model; continuous time; Poisson;All these keywords.
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