Contract Theory: Discrete- and Continuous-...

Dekorationsartikel gehören nicht zum Leistungsumfang.

Sprache: Englisch

77,25 €

inkl. MwSt.

Versandkostenfrei per Post / DHL

Lieferzeit 4-7 Werktage

Kategorien:

Beschreibung

This book provides a self-contained introduction to discrete-time and continuous-time models in contracting theory to advanced undergraduate and graduate students in economics and finance and researchers focusing on closed-form solutions and their economic implications. Discrete-time models are introduced to highlight important elements in both economics and mathematics of contracting problems and to serve as a bridge for continuous-time models and their applications. The book serves as a bridge between the currently two almost separate strands of textbooks on discrete- and continuous-time contracting models

This book is written in a manner that makes complex mathematical concepts more accessible to economists. However, it would also be an invaluable tool for applied mathematicians who are looking to learn about possible economic applications of various control methods.

Über den Autor

Jaeyoung Sung is currently Professor Emeritus of Finance at Ajou University, South Korea. He served as principal investigator of the WCU (World Class University) project to establish a world-class financial engineering program at Ajou University. He also taught at University of Illinois at Chicago, and he was visiting professor at Washington University in St. Louis, University of New South Wales, and University of Southern California. His research interests lie in agency theory, asset pricing and market microstructure. He has published on continuous-time agency problems in economics and finance journals such as Journal of Economic Theory, Rand Journal of Economics, Review of Financial Studies, Mathematical Finance, and others.

Inhaltsverzeichnis

Introduction.- Incentive Problems.- Basic Structures of Contracting Problems.- Discrete-Time Formulation I.- Discrete-Time Formulation II.- Contracting in Continuous Time: Time-Multiplicative Preferences.- Optimal Performance Metrics.- Contracting under Incomplete Information.- Career Concerns in Competitive Executive Job Markets.- Agency Problem in Weak Formulation.- Contracting with a Mean-Volatility Controlled Outcome.- Hierarchical Contracting: A Mean-Volatility Control Problem.- Contracting in Continuous Time: Time-Additive Preferences.- Contracting under Ambiguity: Introduction.- Contracting under Ambiguity in Continuous Time.- Information Asymmetry: Hidden Information.- Information Asymmetry: Adverse Selection.- Information Asymmetry: Adverse Selection and Moral Hazard.

Details

Erscheinungsjahr:	2024
Fachbereich:	Volkswirtschaft
Genre:	Importe , Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Inhalt:	xvii 345 S. 13 s/w Illustr. 8 farbige Illustr. 345 p. 21 illus. 8 illus. in color.
ISBN-13:	9789819954896
ISBN-10:	9819954894
Sprache:	Englisch
Einband:	Kartoniert / Broschiert
Autor:	Sung, Jaeyoung
Hersteller:	Springer Springer Singapore
Verantwortliche Person für die EU:	Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße:	235 x 155 x 20 mm
Von/Mit:	Jaeyoung Sung
Erscheinungsdatum:	11.12.2024
Gewicht:	0,552 kg