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Contract Theory: Discrete- and Continuous-Time Models

Medium: Buch
ISBN: 978-981-99-5489-6
Verlag: Springer Nature Singapore
Erscheinungstermin: 11.12.2024
Lieferfrist: bis zu 10 Tage

This book provides a self-contained introduction to discrete-time and continuous-time models in contracting theory to advanced undergraduate and graduate students in economics and finance and researchers focusing on closed-form solutions and their economic implications. Discrete-time models are introduced to highlight important elements in both economics and mathematics of contracting problems and to serve as a bridge for continuous-time models and their applications. The book serves as a bridge between the currently two almost separate strands of textbooks on discrete- and continuous-time contracting models

This book is written in a manner that makes complex mathematical concepts more accessible to economists. However, it would also be an invaluable tool for applied mathematicians who are looking to learn about possible economic applications of various control methods.



Produkteigenschaften


  • Artikelnummer: 9789819954896
  • Medium: Buch
  • ISBN: 978-981-99-5489-6
  • Verlag: Springer Nature Singapore
  • Erscheinungstermin: 11.12.2024
  • Sprache(n): Englisch
  • Auflage: Erscheinungsjahr 2024
  • Produktform: Kartoniert
  • Gewicht: 552 g
  • Seiten: 345
  • Format (B x H x T): 155 x 235 x 20 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

Introduction.- Incentive Problems.- Basic Structures of Contracting Problems.- Discrete-Time Formulation I.- Discrete-Time Formulation II.- Contracting in Continuous Time: Time-Multiplicative Preferences.- Optimal Performance Metrics.- Contracting under Incomplete Information.- Career Concerns in Competitive Executive Job Markets.- Agency Problem in Weak Formulation.- Contracting with a Mean-Volatility Controlled Outcome.- Hierarchical Contracting: A Mean-Volatility Control Problem.- Contracting in Continuous Time: Time-Additive Preferences.- Contracting under Ambiguity: Introduction.- Contracting under Ambiguity in Continuous Time.- Information Asymmetry: Hidden Information.- Information Asymmetry: Adverse Selection.- Information Asymmetry: Adverse Selection and Moral Hazard.