Mathematics Colloquia and Seminars
PDEs and Principal-Agent ProblemsPDE and Applied Math Seminar
|Speaker:||Lawrence C. Evans, Berkeley|
|Start time:||Thu, Oct 23 2014, 4:10PM|
I will talk about continuous-time principal-agent problems in economics and give a new and very easy derivation of Sannikov's optimality condition. This leads to some interesting Hamilton-Jacobi-Bellman type fully nonlinear parabolic equations.