Models of adaptation in dynamical contracts under stochastic uncertainty

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Mikhail V. Belov
Dmitry A. Novikov

Abstract

In this paper, we establish new sufficient conditions for the optimality of lump-sum and compensatory incentive schemes (contracts) under stochastic uncertainty. In addition, we suggest and analyze dynamical models of principal’s and agents’ adaptation to changes in statistical characteristics of an external environment. 

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How to Cite
Belov, M., & Novikov, D. (2018). Models of adaptation in dynamical contracts under stochastic uncertainty. Advances in Systems Science and Applications, 18(1), 110-131. https://doi.org/10.25728/assa.2018.18.1.540
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