Principal-agent adverse selection with unique contracts is reformulated as a stochastic target problem for the agent and a stochastic optimal control problem for the principal.
arXiv preprint arXiv:1606.04062 , year=
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Principal-agent problems with adverse selection: A stochastic target problem formulation
Principal-agent adverse selection with unique contracts is reformulated as a stochastic target problem for the agent and a stochastic optimal control problem for the principal.