Contract Theory in Continuous-Time Models

Name: Contract Theory in Continuous-Time Models
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783642141997
Price: 144.46 EUR
Availability: InStock

Автор: Jaksa Cvitanic, Jianfeng Zhang

Език:

Корици: С твърди корици

Издател: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Наличност: Външен склад

Изпращаме след 10-13 дни

144.46 € 282.54 лв

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

Информация за книгата

Автор

Jaksa Cvitanic, Jianfeng Zhang

Език

Английски език

Корици

Книга - С твърди корици

Издадена

2012

страници

256

EAN

9783642141997

ISBN

3642141994

Enbook ID

01656183

Издател

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Теглоt

5266

Размери

155 x 235 x 20

Пълно описание

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.

Може също да ви хареса

Клиенти, които купиха тази книга, купиха също

Най-често търсени

Categories

Authors

Publishers

Продукти

Продукти

Най-често търсени

Categories

Authors

Publishers

Продукти

Продукти

Contract Theory in Continuous-Time Models

Информация за книгата

Пълно описание

Може също да ви хареса

Twisted Lies

IWNMS 2004

Devil in Winter

Secrets

Chronicles of E. de Monstrelet. Translated by T. Johnes. with Plates. Vol. XI

Moral Skepticisms

Warriors

Star Wars: The Force Awakens

Nonlinear Dynamics in Optical Complex Systems

East Anglia Personal Recollections and Historical Associations

Spaces of Approximating Functions with Haar-like Conditions

In Quest of Freedom

Клиенти, които купиха тази книга, купиха също

Nur noch fur Dich

Koerper, Disziplin, Selbst

Charakterisierung des Bakterienisolates C1 aus Cystodytes dellechiajei

Audi A4 Diesel

L sungsbuch Steuerungstechnik Mit Sps

Elias Canetti

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

Einsteckbuch DIN A4, 32 schwarze Seiten, rot

Al meu aire amb el meu cos i les meves emocions

Wranglestone