A Continuous-Time Version of a Delegated Asset Management Problem

Table 4

The effect of the effort cost on the optimal compensation and the optimal effort level.

	k	q	Compensation	n
0.08	2.6906	0.8626	142.9222	0.1268
0.09	1.9391	0.8845	113.9246	0.1182
0.10	1.4107	0.9061	91.5460	0.1102
0.11	1.0271	0.9278	73.6665	0.1026
0.12	0.7468	0.9497	59.2311	0.0953