Renner, Philipp; Schmedders, Karl - In: Quantitative economics : QE ; journal of the … 11 (2020) 4, pp. 1215-1251
We consider discrete‐time dynamic principal–agent problems with continuous choice sets and potentially multiple agents. We prove the existence of a unique solution for the principal's value function only assuming continuity of the functions and compactness of the choice sets. We do this by a...