Optimal asset management contracts with hidden savings

DOI10.3982/ECTA14929MaRDI QIDQ5860132zbMATH OpenOpenAlexFDO

Authors Sebastian di Tella, Yuliy Sannikov

Publication date 18 November 2021

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta14929

zbMATH Keywords

precautionary savingsdynamic contractshidden savings

Mathematics Subject Classification ID

Portfolio theory (91G10)

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• Rights to retrade, free-riding and insurance requirement
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• Optimal development policies with financial frictions
• Asset pricing under optimal contracts
• Relational contracts: public versus private savings

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