Ambiguity in dynamic contracts

DOI10.1016/J.JET.2021.105229MaRDI QIDQ2067409zbMATH OpenOpenAlexFDO

Authors Martin Szydlowski, Ji Hee Yoon

Publication date 18 January 2022

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.kellogg.northwestern.edu/research/math/papers/1543.pdf

zbMATH Keywords

ambiguityovercompensationcontinuous timeprincipal-agent model

Mathematics Subject Classification ID

Contract theory (moral hazard, adverse selection) (91B41) Principal-agent models (91B43)

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Cited in

(12)

• Incentive contracting under ambiguity aversion
• Ambiguity sharing and the lack of relative performance evaluation
• Risk aversion, ambiguity aversion and the incentive problem with interim participation constraints
• Flexible contracts
• Anticipating Disagreement in Dynamic Contracting
• Research on investment incorporating both environmental performance and long (short) term financial performance of firms
• Voluntary ambiguity in incentive contracts
• Robust contract designs: linear contracts and moral hazard
• Dynamic contract and discretionary termination policy under loss aversion
• Optimal contracting under mean-volatility joint ambiguity uncertainties
• Robust dynamic contracts with multiple agents
• Robust contracting and corporate-termism

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