Research Article
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 |
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