Research Article
A Continuous-Time Version of a Delegated Asset Management Problem
Table 3
The effect of the terminal time on the optimal compensation and the optimal effort level.
| T | k | q | Compensation | n |
| 0.7 | 1.1975 | 0.9136 | 80.4269 | 0.1284 | 0.8 | 1.3170 | 0.9088 | 86.5458 | 0.1188 | 0.9 | 1.4107 | 0.9061 | 91.5460 | 0.1102 | 1.0 | 1.4555 | 0.9060 | 94.4298 | 0.1023 | 1.1 | 1.5044 | 0.9058 | 97.4911 | 0.0954 |
|
|