Econometrica

Optimal Asset Management Contracts with Hidden Savings

Di Tella, Sebastian, and Yuliy Sannikov




Supplemental Material

Supplement to "Optimal Asset Management Contracts with Hidden Savings"

This Online Appendix extends the results of Di Tella and Sannikov (2016) to incorporate hidden investment, aggregate risk, and renegotiation. The case with no hidden investment and price of aggregate risk  π = 0 yields the expressions in the paper.

Read More View PDF


Back