@string{JFQA = {Journal of Financial and Quantitative Analysis}}

@string{JF = {Journal of Finance}}	  

@string{RFS = {The Review of Financial Studies}}	  

@string{JFE = {Journal of Financial Economics}}

@string{JMCB = {Journal of Money, Credit, and Banking}}

@string{JME = {Journal of Monetary Economics}}

@string{QJE = {Quarterly Journal of Economics}}

@string{AER = {American Economic Review}}

@string{JPE = {Journal of Political Economy}}

@string{JET = {Journal of Economic Theory}}



@Unpublished{aginv,

  author = 	 {Dybvig, Philip H. and Heber K. Farnsworth and Jennifer Carpenter},

  title = 	 {Portfolio Performance and Agency},

  note = 	 {Working paper, Olin School of Business},

  OPTkey = 	 {},

  OPTmonth = 	 {},

  year = 	 {2001},

  OPTannote = 	 {}

}



@TechReport{almazan-brown-carlson-chapman,

  author = 	 {Almazan, Andres and Keith C. Brown and Murray Carlson and David A. Chapman},

  title = 	 {Why Constrain Your Mutual Fund Manager?},

  institution =  {University of Texas at Austin},

  year = 	 {2001},

  type = 	 {Working Paper}

}


@Book{laffont-martimort,
  author= {Laffont, Jean-Jacques and David Martimort},
  title= {The Theory of Incentives: The Principal-Agent Model},
  publisher= {Princeton University Press},
  year= {2002},
  address={Princeton, NJ}

}


@TechReport{gomez-sharma,

  author = 	 {G{\'{o}}mez, Juan-Pedro and Tridib Sharma},

  title = 	 {Portfolio Delegation under Short-selling Constraints},

  institution =  {Norwegian School of Management},

  year = 	 {2001},

  OPTkey = 	 {},

  type = 	 {Working Paper},

  OPTnumber = 	 {},

  OPTaddress = 	 {},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@TechReport{gervais-lynch-musto,

  author = 	 {Gervais, Simon and Anthony W. Lynch and David K. Musto},

  title = 	 {Delgated Monitoring of Fund Managers: An Economic Rationale},

  institution = 	 {University of Pennsylvania},

  year = 	 {2002},

  type = 	 {Working Paper}

}



@Unpublished{stolenotes,

  author = 	 {Lars A. Stole},

  title = 	 {Lectures on the Theory of Contracts and Organizations, Chapters 1-2},

  note = 	 {Monograph in preparation.  Available at http://gsblas.uchicago.edu/teaching/papers/lectures.pdf},

  OPTkey = 	 {},

  OPTmonth = 	 {},

  year = 	 {1993},

  OPTannote = 	 {}

}


@Article{ou-yang:2003,
  author = {Hui Ou-Yang},
  title = {Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem},
  journal= RFS,
  year = {2003},
  volume = {16},
  number = {1},
  pages = {173--208}
}

@Article{cox-huang,
  author = {Cox, John C. and Chi-fu Huang},
  title = {A Variational Problem Arising in Financial Economics},
  journal = {Journal of Mathematical Economics},
  year = {1991},
  volume = {20},
  pages = {465--487}
}

@Article{dybvig-rogers-back,
  author = {Dybvig, Philip H. and L. C. G. Rogers and Kerry Back},
  title = {Portfolio Turnpikes},
  journal = RFS,
  year = {1999},
  volume = {12},
  pages = {165--195}
}

@Article{AP97,

  author = 	 {Anat R. Admati and Paul Pfleiderer},

  title = 	 {Does it All Add Up? Benchmarks and the Compensation of Active Portfolio Managers},

  journal = 	 {Journal of Business},

  year = 	 {1997},

  OPTkey = 	 {},

  volume = 	 {70},

  number = 	 {3},

  pages = 	 {323--350},

  month = 	 {July},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Unpublished{DS86,

  author = 	 {Dybvig, Phillip H. and Chester Spatt},

  title = 	 {Agency and the Market for Mutual Fund Managers: The Principle of Preference Similarity.},

  note = 	 {Working paper, Graduate School of Industrial Administration, Carnegie Mellon University},

  OPTkey = 	 {},

  OPTmonth = 	 {},

  year = 	 {1986},

  OPTannote = 	 {}

}



@Article{Sung95,

  author = 	 {Jaeyoung Sung},

  title = 	 {Linearity with Project Selection and Controllable Diffusion Rate in Continuous-Time Principal-Agent Problems},

  journal = 	 {Rand Journal of Economics},

  year = 	 {1995},

  OPTkey = 	 {},

  volume = 	 {26},

  number = 	 {4},

  pages = 	 {720--43},

  month = 	 {Winter},

  OPTnote = 	 {},

  OPTannote = 	 {}

}


@Article{HM87,

  author = 	 {Bengt Holmstr{\"o}m and Paul Milgrom},

  title = 	 {Aggregation and Linearity in the Provision of Intertemporal Incentives},

  journal = 	 {Econometrica},

  year = 	 {1987},

  OPTkey = 	 {},

  volume = 	 {55},

  number = 	 {2},

  pages = 	 {303--28},

  month = 	 {March},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{Ross73,

  author = 	 {Ross, Steven A.},

  title = 	 {The Economic Theory of Agency: The Principal's Problem},

  journal = 	 AER,

  year = 	 {1973},

  OPTkey = 	 {},

  volume = 	 {63},

  OPTnumber = 	 {},

  pages = 	 {134--139},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@PhdThesis{Zender88,

  author = 	 {Zender, Jaime F.},

  title = 	 {Asymmetric Information in Financial Markets},

  school = 	 {Yale},

  year = 	 {1988},

  OPTkey = 	 {},

  OPTtype = 	 {},

  OPTaddress = 	 {},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@InCollection{Mirrlees74,

  author = 	 {Mirrlees, J.},

  title = 	 {Notes on Welfare Economics, Information, and Uncertainty},

  booktitle = 	 {Essays on Economic Behavior Under Uncertainty},

  OPTcrossref =  {},

  OPTkey = 	 {},

  OPTpages = 	 {},

  publisher = {North Holland},

  year = 	 {1974},

  editor = 	 {Balch and McFadden and Wu},

  OPTvolume = 	 {},

  OPTnumber = 	 {},

  OPTseries = 	 {},

  OPTtype = 	 {},

  OPTchapter = 	 {},

  address = 	 {Amsterdam},

  OPTedition = 	 {},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@InCollection{Ross74,

  author = 	 {Ross, Steven A.},

  title = 	 {On the Economic Theory of Agency and the Principal of Preference Similarity},

  booktitle = 	 {Essays on Economic Behavior Under Uncertainty},

  OPTcrossref =  {},

  OPTkey = 	 {},

  OPTpages = 	 {},

  publisher = {North Holland},

  year = 	 {1974},

  editor = 	 {Balch and McFadden and Wu},

  OPTvolume = 	 {},

  OPTnumber = 	 {},

  OPTseries = 	 {},

  OPTtype = 	 {},

  OPTchapter = 	 {},

  address = 	 {Amsterdam},

  OPTedition = 	 {},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{HR81,

  author = 	 {Harris, Milton and Arthur Raviv},

  title = 	 {Allocation Mechanisms and the Design of Auctions},

  journal = 	 {Econometrica},

  year = 	 {1981},

  OPTkey = 	 {},

  volume = 	 {49},

  OPTnumber = 	 {},

  pages = 	 {1477--1499},

  OPTmonth = 	 {},

  OPTnote = 	 {Another cite on the Revelation Principal},

  OPTannote = 	 {}

}



@Article{Myerson79,

  author = 	 {Myerson, Roger},

  title = 	 {Incentive Compatibility and the Bargaining Problem},

  journal = 	 {Econometrica},

  year = 	 {1979},

  OPTkey = 	 {},

  volume = 	 {47},

  OPTnumber = 	 {},

  pages = 	 {61--73},

  OPTmonth = 	 {},

  OPTnote = 	 {Cite on the Revelation Principal},

  OPTannote = 	 {}

}


@PhdThesis{Sung91,
  author = {Sung, Jaeyoung}, 
  title = {Managerial compensation and corporate management under moral hazard},
  school = {Washington University in Saint Louis},
  year = {1991}
 }


@PhdThesis{Holmstrom78,

  author = 	 {Holmstr{\"o}m, Bengt},

  title = 	 {On Incentives and Control in Organizations},

  school = 	 {Stanford University},

  year = 	 {1978},

  OPTkey = 	 {},

  OPTtype = 	 {},

  OPTaddress = 	 {},

  OPTmonth = 	 {},

  OPTnote = 	 {Revelation Principal appears as a footnote},

  OPTannote = 	 {}

}



@Article{GL77,

  author = 	 {Green, Jerry and Jean-Jacques Laffont},

  title = 	 {On the Revelation of preferences for Public Goods},

  journal = 	 {Journal of Public Economics},

  year = 	 {1977},

  OPTkey = 	 {},

  volume = 	 {8},

  OPTnumber = 	 {},

  pages = 	 {79--93},

  OPTmonth = 	 {},

  OPTnote = 	 {Another cite on Revelation Principal},

  OPTannote = 	 {}

}



@Article{Mirrlees76,

  author = 	 {Mirrlees, James},

  title = 	 {The Optimal Structure of Incentives and Authority Within an Organization}, 

  journal = 	 {Bell Journal of Economics},

  year = 	 {1976},

  OPTkey = 	 {},

  volume = 	 {7},

  OPTnumber = 	 {},

  pages = 	 {105--131},

  OPTmonth = 	 {},

  OPTnote = 	 {Has stuff on Convexity of Distribution Function},

  OPTannote = 	 {}

}


@Article{Holmstrom79,
  author = {Bengt Holmstr{\"o}m},
  title = {Moral Hazard and Observability},
  journal = {Bell Journal of Economics},
  year = {1979},
  volume = {10},
  pages = {74--91},
}


@Unpublished{Holmstrom84,

  author = 	 {Bengt Holmstr{\"o}m},

  title = 	 {A Note on the First-Order Approach in Principal Agent Models},

  note = 	 {mimeo},

  OPTkey = 	 {},

  OPTmonth = 	 {},

  year = 	 {1984},

  OPTannote = 	 {}

}



@Article{Rogerson85,

  author = 	 {Rogerson, William},

  title = 	 {The First-Order Approach to Principal-Agent Problems},

  journal = 	 {Econometrica},

  year = 	 {1985},

  OPTkey = 	 {},

  volume = 	 {53},

  OPTnumber = 	 {},

  pages = 	 {1357--1367},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{heinkel-stoughton:94,

  author = 	 {Heinkel, Robert and Neal M. Stoughton},

  title = 	 {The Dynamics of Portfolio Management Contracts},

  journal = 	 RFS,

  year = 	 {1994},

  OPTkey = 	 {},

  volume = 	 {7},

  number = 	 {2},

  pages = 	 {351--387},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{Stoughton93,

  author = 	 {Stoughton, Neal M.},

  title = 	 {Moral Hazard and the Portfolio Management Problem},

  journal = 	 JF,

  year = 	 {1993},

  OPTkey = 	 {},

  volume = 	 {48},

  number = 	 {5},

  pages = 	 {2009--2028},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{Kihlstrom88,

  author = 	 {Kihlstrom, Richard E.},

  title = 	 {Optimal Contracts for Security Analysts and Portfolio Managers}, 

  journal = 	 {Studies in Banking and Finance},

  year = 	 {1988},

  OPTkey = 	 {},

  volume = 	 {5},

  OPTnumber = 	 {},

  pages = 	 {291--325},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}





@Article{KM90,

  author = 	 {Kihlstrom, Richard E. and Steven A. Matthews},

  title = 	 {Managerial Incentives in an Entrepeneurial Stock Market Model},

  journal = 	 {Journal of Financial Intermediation},

  year = 	 {1990},

  OPTkey = 	 {},

  volume = 	 {1},

  OPTnumber = 	 {},

  pages = 	 {57--79},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@InCollection{HH87,

  author = 	 {Oliver Hart and Bengt Holmstr{\"o}m},

  title = 	 {The Theory of Contracts},

  booktitle = 	 {Advances in Economic Theory -- Fifth World Congress},

  OPTcrossref =  {},

  OPTkey = 	 {},

  pages = 	 {71--155},

  publisher = {Cambridge University Press},

  year = 	 {1987},

  editor = 	 {Truman F. Bewley},

  OPTvolume = 	 {},

  OPTnumber = 	 {},

  OPTseries = 	 {},

  OPTtype = 	 {},

  chapter = 	 {3},

  OPTaddress = 	 {},

  OPTedition = 	 {},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{GH83,

  author = 	 {Grossman, Sanford and Oliver Hart},

  title = 	 {An Analysis of the Principal-Agent Problem},

  journal = 	 {Econometrica},

  year = 	 {1983},

  OPTkey = 	 {},

  volume = 	 {51},

  OPTnumber = 	 {},

  pages = 	 {7--45},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}





@Article{Ross79,

  author = 	 {Ross, Steven A.},

  title = 	 {Equilibrium and Agency -- Inadmissable Agents in the Public Agency Problem},

  journal = 	 AER,

  year = 	 {1979},

  OPTkey = 	 {},

  volume = 	 {69},

  OPTnumber = 	 {},

  OPTpages = 	 {},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{BP85,

  author = 	 {Sudipto Bhattacharya and Paul Pfleiderer},

  title = 	 {Delegated Portfolio Management},

  journal = 	 JET,

  year = 	 {1985},

  OPTkey = 	 {},

  volume = 	 {36},

  number = 	 {1},

  pages = 	 {1--25},

  month = 	 {June},

  OPTnote = 	 {},

  OPTannote = 	 {}

}





@Article{MR79,

  author = 	 {Meyers, David and Edward M. Rice},

  title = 	 {Measuring Portfolio Performance and the Empirical Content of Asset Pricing Models}, 

  journal = 	 JFE,

  year = 	 {1979},

  OPTkey = 	 {},

  volume = 	 {7},

  OPTnumber = 	 {},

  pages = 	 {3--28},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@Article{DR85a,

  author = 	 {Dybvig, Philip H. and Stephen A. Ross},

  title = 	 {Differential Information and Performance Measurement Using a Security Market Line},

  journal = 	 JF,

  year = 	 {1985},

  OPTkey = 	 {},

  volume = 	 {40},

  number = 	 {2},

  pages = 	 {383--399},

  month = 	 {June},

  OPTnote = 	 {},

  OPTannote = 	 {}

}



@TechReport{Garcia2001,

  author = 	 {Garcia, Diego},

  title = 	 {Optimal Menus of Linear Contracts in Portfolio Selection Models},

  institution = 	 {Tuck School of Business Administration},
  type = {Working paper},

  OPTkey = 	 {},

  OPTmonth = 	 {},

  year = 	 {2001},

  OPTannote = 	 {}

}


@TechReport{Sung2003,
  author = {Sung, Jaeyoung},
  title = {Optimal Contracts under Adverse Selection and Moral Hazard:
a Continuous-Time Approach},
  institution = {University of Illinois at Chicago},
  type = {Working paper},
  year = {2003}
}


@TechReport{Rajan2000,

  author = 	 {Rajan, Uday and Sanjay Srivastava},

  title = 	 {Portfolio Delegation with Limited Liability},

  institution = 	 {GSIA, Carnegie Mellon University},

  type = 	 {Working paper},

  OPTmonth = 	 {},

  year = 	 {2000},

  OPTannote = 	 {}

}



@Article{DS87,

  author = 	 {Demski, Joel S. and David E. M. Sappington},

  title = 	 {Delegated Expertise},

  journal = 	 {Journal of Accounting Research},

  year = 	 {1987},

  OPTkey = 	 {},

  volume = 	 {25},

  number = 	 {1},

  pages = 	 {68--89},

  OPTmonth = 	 {},

  OPTnote = 	 {},

  OPTannote = 	 {}

}





@Unpublished{cuoco-kaniel,

  author = 	 {Cuoco, Dominico and Ron Kaniel},

  title = 	 {Equilibrium Prices in the Presence of Delegated Portfolio Management},

  note = 	 {Working Paper, University of Texas at Austin},

  OPTkey = 	 {},

  OPTmonth = 	 {},

  year = 	 {2001},

  OPTannote = 	 {}

}