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

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  • Hellwig, Martin F.

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  • Hellwig, Martin F., 2007. "The role of boundary solutions in principal-agent problems of the Holmstrom-Milgrom type," Journal of Economic Theory, Elsevier, vol. 136(1), pages 446-475, September.
    • Handle: RePEc:eee:jetheo:v:136:y:2007:i:1:p:446-475
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    1. Martin F. Hellwig & Klaus M. Schmidt, 2002. "Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision," Econometrica, Econometric Society, vol. 70(6), pages 2225-2264, November.
    2. Holmstrom, Bengt & Milgrom, Paul, 1987. "Aggregation and Linearity in the Provision of Intertemporal Incentives," Econometrica, Econometric Society, vol. 55(2), pages 303-328, March.
    3. Grossman, Sanford J & Hart, Oliver D, 1983. "An Analysis of the Principal-Agent Problem," Econometrica, Econometric Society, vol. 51(1), pages 7-45, January.
    4. Hellwig, Martin, 2001. "The Role of Boundary Solutions in Principal-Agent Problems with Effort Costs Depending on Mean Returns," Sonderforschungsbereich 504 Publications 01-51, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
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    Cited by:

    1. Alex Edmans & Xavier Gabaix, 2011. "Tractability in Incentive Contracting," The Review of Financial Studies, Society for Financial Studies, vol. 24(9), pages 2865-2894.
    2. George Georgiadis & Doron Ravid & Balázs Szentes, 2024. "Flexible Moral Hazard Problems," Econometrica, Econometric Society, vol. 92(2), pages 387-409, March.
    3. Guillermo Alonso Alvarez & Erhan Bayraktar & Ibrahim Ekren & Liwei Huang, 2024. "Sequential optimal contracting in continuous time," Papers 2411.04262, arXiv.org.
    4. Camilo Hernández & Dylan Possamaï, 2024. "Time‐inconsistent contract theory," Mathematical Finance, Wiley Blackwell, vol. 34(3), pages 1022-1085, July.
    5. Camilo Hern'andez & Dylan Possamai, 2023. "Time-inconsistent contract theory," Papers 2303.01601, arXiv.org.
    6. Emma Hubert, 2020. "Continuous-time incentives in hierarchies," Papers 2007.10758, arXiv.org.
    7. Dylan Possamai & Nizar Touzi, 2020. "Is there a Golden Parachute in Sannikov's principal-agent problem?," Papers 2007.05529, arXiv.org, revised Oct 2022.

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