3 papers
econ.TH2026
Principal-agent problems with adverse selection: A stochastic target problem formulation
Guillermo Alonso Alvarez, Ibrahim Ekren, Liwei Huang
We study a principal-agent problem with adverse selection, where the principal does not know the agent's true cost but must design a contract to optimize a specific criterion. Unli…
econ.TH2025
Contracting with discretionary bonuses
Guillermo Alonso Alvarez, Ibrahim Ekren, Liwei Huang
We study a continuous time contracting model in which a principal hires a risk averse agent to manage a project over a finite horizon and provides sequential payments whose timing…
math.OC2024
Sequential optimal contracting in continuous time
Guillermo Alonso Alvarez, Erhan Bayraktar, Ibrahim Ekren +1
In this paper we study a principal-agent problem in continuous time with multiple lump-sum payments (contracts) paid at different deterministic times. We reduce the non-zero sum St…