Check order status

Become part of a community of book lovers from all over the world and get access to a whole bunch of benefits. Create an account for free

Austrian Post 5.49 € DPD courier 3.99 € DPD point 2.99 €

Contact

How to shop

Help

My account

▸ Empty :-(

Contract Theory in Continuous-Time Models

Name: Contract Theory in Continuous-Time Models
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 01656183
Price: 146.99 EUR
Availability: InStock
Author: Jaksa Cvitanic
ISBN: 9783642141997

Jaksa Cvitanic

Jianfeng Zhang

Language

English

Book Hardback

Libristo code: 01656183

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, September 2012

In the recent years there has been a significant increase in the interest in continuous-time Princip... Full description

Libristo code: 01656183

360 b

146.99 € VAT included

In stock at our supplier Shipping in 10-13 days

Delivery to Austria

30-day return policy

Customers also purchased

Nur noch fur Dich Hubertus Scheurer

Paperback

9.80 €

Koerper, Disziplin, Selbst Maximilian Gilleßen

Paperback

16.95 €

Charakterisierung des Bakterienisolates C1 aus Cystodytes dellechiajei Christian Lehmann

Paperback

74.00 €

Audi A4 Diesel Dieter Korp

Paperback

30.59 €

L sungsbuch Steuerungstechnik Mit Sps Günter Wellenreuther

Paperback

32.99 €

Elias Canetti Dagmar Barnouw

Paperback

12.89 €

La stratégie du caméléon - S'adapter à tous les profils grâce à la communication non verbale Élodie Mielczareck

Paperback

22.49 €

Einsteckbuch DIN A4, 32 schwarze Seiten, rot Leuchtturm Albenverlag

Calendar/Diary

27.99 €

Al meu aire amb el meu cos i les meves emocions PEDRITA PARKER

Paperback

18.99 €

Wranglestone Darren Charlton

Hardback

20.59 €

In the recent years there has been a significant increase in the 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 between two parties, under various assumptions on the information they have access to, and the effect they have on the underlying "profit/los" values. This monograph surveys recent results of the theory in a systematic way, using the approach of the so-called Stochastic Maximum Principle, in models driven by Brownian Motion.§Optimal contracts are characterized via a system of Forward-Backward Stochastic Differential Equations. In a number of interesting special cases these can be solved explicitly, enabling derivation of many qualitative economic conclusions.