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