Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
In this paper, we study the principal-agent problem. It is well known that in continuous-time, it is possible to prove the existence of an equilibrium $$ (u^{*},S^{*})$$ in a considerably general setting, and however little is known about the strategies themselves. Our goal is to present a universal way to construct these strategies as limiting strategies of a very simple type. Copyright Springer-Verlag 2013