Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision

Martin Hellwig; Klaus M. Schmidt

doi:10.1111/1468-0262.00375

Econometrica Vol. 70 No. 6 2002

Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision

Martin Hellwig^1,2,3,4; Klaus M. Schmidt^5,6,7

¹ University of Bonn · ² University of Mannheim · ³ European Corporate Governance Institute · ⁴ Max Planck Institute for Behavioral Economics · ⁵ Ifo Institute for Economic Research · ⁶ Centre for Economic Policy Research · ⁷ Ludwig-Maximilians-Universität München

open access

DOI: 10.1111/1468-0262.00375
Volume: 70
Issue: 6
Pages: 2225-2264
Language: en
Sources: semanticscholar openalex crossref

Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision

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