... efficiency Data envelopment analysis Tobit regression Bayesian statistics C34 C61 C67 D24 G21 L25 Banks are thought to be the most important and oldest type of financial institution for any economy, acting as the principal sources of loanable funds provided to individuals, families...

... that the optimal contract is linear with respect to output. The paper Holmström and Milgrom (1987) is generalized in Schättler and Sung (1993) to a mathematical framework that uses methods from dynamic programming and martingale theory to characterize contract optimality. B41 C00 C61 C70 C72...