A Continuous-Time Version of a Delegated Asset Management Problem

Table 5

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

	k	q	Compensation	n
0.022	1.5008	0.9052	96.9997	0.0980
0.024	1.4475	0.9059	93.8495	0.1043
0.026	1.4107	0.9061	91.5461	0.1102
0.028	1.3528	0.9077	88.4240	0.1156
0.030	1.2935	0.9097	85.3381	0.1206