A GENERAL EQUILIBRIUM MODEL OF A MULTIFIRM MORAL-HAZARD ECONOMY WITH FINANCIAL MARKETS

DOI10.1111/mafi.12032zbMath1331.91115OpenAlexW1931787130MaRDI QIDQ3195495

Xuhu Wan, Jaeyoung Sung

Publication date: 20 October 2015

Published in: Mathematical Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/mafi.12032

zbMATH Keywords

general equilibriuminterest ratemoral hazardequity premiumoptimal contractrelative performance evaluation

Mathematics Subject Classification ID

Financial applications of other theories (91G80) General equilibrium theory (91B50)

Related Items (2)

Asset pricing under optimal contracts ⋮ Optimal contracts and asset prices in a continuous-time delegated portfolio management problem

Cites Work

• Competitive equilibria with asymmetric information
• The first-order approach to the continuous-time principal-agent problem with exponential utility
• Competitive equilibrium with moral hazard in economies with multiple commodities.
• OPTIMAL MULTI-AGENT PERFORMANCE MEASURES FOR TEAM CONTRACTS
• Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
• Continuous Auctions and Insider Trading
• Aggregation and Linearity in the Provision of Intertemporal Incentives
• Incentives and Risk Sharing in Sharecropping
• On Moral Hazard and Insurance
• A Model of Intertemporal Asset Prices Under Asymmetric Information
• Incentives, Contracts, and Markets: A General Equilibrium Theory of Firms

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