The role of boundary solutions in principal-agent problems of the Holmström-Milgrom type

DOI10.1016/J.JET.2006.09.004MaRDI QIDQ2455671zbMATH OpenOpenAlexFDO

Authors Martin Hellwig

Publication date 26 October 2007

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

Full work available at URL https://doi.org/10.1016/j.jet.2006.09.004

zbMATH Keywords

Brownian motionintertemporal incentiveslinear incentive schemesprincipal-agent problems

Mathematics Subject Classification ID

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Cites work

• Aggregation and Linearity in the Provision of Intertemporal Incentives
• An Analysis of the Principal-Agent Problem
• Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision
• scientific article; zbMATH DE number 3144124 (Why is no real title available?)
• scientific article; zbMATH DE number 3531161 (Why is no real title available?)
• The first-order approach to the continuous-time principal-agent problem with exponential utility

Cited in

(6)

• Linear incentive schemes and Poisson processes in economic agency models
• Aggregation and Linearity in the Provision of Intertemporal Incentives
• Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision
• Flexible moral hazard problems
• Time-inconsistent contract theory
• Sequential optimal contracting in continuous time

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