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Repeat the analysis of the principal-agent game in this chapter, under the assumption that p is the probability of a successful project with high effort (rather than 1/2 as in the basic model). How does the optimal contract depend on p?
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This document is prepared in word with all question along with the references used. It is based on game theoretic calculation on principal agent problem where we have to evaluate the optimum strategies and prove some given findings. This is original work with no plagiarism.
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