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Pré-Publication, Document De Travail Année : 2004

An Optimal Control Problem Arising in a Generalized Principal-Agent Model with Limited Liability

Résumé

The paper is devoted to the mathematical analysis of an optimal control problem arising in a generalized principal-agent model with limited liability constraint. We present the economic model and the mathematical formulation. Though the problem seems ``simple'', it presents many difficulties that are hard to overcome. After a formal resolution, we give an existence and uniqueness result for this problem.
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Dates et versions

hal-00022036 , version 1 (31-03-2006)

Identifiants

  • HAL Id : hal-00022036 , version 1

Citer

Maïtine Bergounioux, Sandrine Ollier. An Optimal Control Problem Arising in a Generalized Principal-Agent Model with Limited Liability. 2004. ⟨hal-00022036⟩
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