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Keywords: Pontryagin’s maximum principle
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Journal Articles
Asian Journal of Economics and Banking (2024) 8 (3): 310–334.
Published: 25 September 2024
... advancements of the Pontryagin maximum principle for forward-backward stochastic differential equations (FBSDEs) to develop a method for characterizing optimal contracts in such models. This approach addresses the challenges posed by the non-applicability of the classical Hamilton–Jacobi–Bellman equation due...

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