Punish underperformance with suspension : optimal dynamic contracts in the presence of switching cost
Year of publication: |
2024
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Authors: | Cao, Ping ; Sun, Peng ; Tian, Feng |
Published in: |
Management science : journal of the Institute for Operations Research and the Management Sciences. - Hanover, Md. : INFORMS, ISSN 1526-5501, ZDB-ID 2023019-9. - Vol. 70.2024, 5, p. 3020-3037
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Subject: | dynamic contract | jump process | optimal control | switching cost | Wechselverhalten | Switching behaviour | Vertragstheorie | Contract theory | Kontrolltheorie | Control theory | Prinzipal-Agent-Theorie | Agency theory | Vertrag | Contract | Dynamische Wirtschaftstheorie | Economic dynamics |
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