Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10003941594
In this paper we analyze the optimal contract for a portfolio manager who can exert effort to improve the quality of a private signal about future market prices. We assume complete markets over states distinguished by asset payoffs and place no restrictions on the form of the contract. We show...
Persistent link: https://www.econbiz.de/10013148690
Persistent link: https://www.econbiz.de/10001650680
Persistent link: https://www.econbiz.de/10001682443
Persistent link: https://www.econbiz.de/10015409938
Persistent link: https://www.econbiz.de/10001051987
Persistent link: https://www.econbiz.de/10001100398
Persistent link: https://www.econbiz.de/10001429023
Persistent link: https://www.econbiz.de/10001463946
Persistent link: https://www.econbiz.de/10001469936