A Continuous-Time Version of a Delegated Asset Management Problem

Table 1

The effect of the drift coefficient on the optimal compensation and the optimal effort level.

	k	q	Wage	n
0.08	1.8102	0.8812	104.7603	0.1299
0.09	1.6567	0.8913	100.4070	0.1207
0.10	1.4107	0.9061	91.5460	0.1102
0.11	1.0535	0.9290	75.9769	0.0978
0.12	1.1384	0.7488	35.6902	0.0817