Research Article
A Continuous-Time Version of a Delegated Asset Management Problem
Table 2
The effect of the initial wealth on the optimal compensation and the optimal effort level.
| x | k | q | Compensation | n |
| 90 | 1.5803 | 0.8976 | 89.7285 | 0.1133 | 95 | 1.4921 | 0.9019 | 90.6894 | 0.1117 | 100 | 1.4107 | 0.9061 | 91.5460 | 0.1102 | 105 | 1.3355 | 0.9101 | 92.3023 | 0.1088 | 110 | 1.2657 | 0.9141 | 92.9645 | 0.1074 |
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