Kontakt
Ako nakupovať
Doručenie
Nákupný poradca
Contract Theory in Continuous-Time Models
Angličtina
341 b
30 dní na vrátenie tovaru
Zákazníci tiež kúpili
/
Brožovaná
65.94
€
/
Brožovaná
21.74
€
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.
Informácie o knihe
Angličtina
Darujte túto knihu ešte dnes
Je to jednoduché
1 Pridajte knihu do košíka a vyberte možnosť doručiť ako darček 2 Obratom Vám zašleme poukaz 3 Knihu zašleme na adresu obdarovanéhoMohlo by vás tiež zaujímať
/
Brožovaná
27.71
€
/
Brožovaná
11.72
€
Ahoj! Som Libroamiko, tvoj knižný radca.
Ako ti môžem pomôcť?