A Continuous-Time Version of a Delegated Asset Management Problem

Table 2

The effect of the initial wealth on the optimal compensation and the optimal effort level.

x	k	q	Compensation	n
90	1.5803	0.8976	89.7285	0.1133
95	1.4921	0.9019	90.6894	0.1117
100	1.4107	0.9061	91.5460	0.1102
105	1.3355	0.9101	92.3023	0.1088
110	1.2657	0.9141	92.9645	0.1074