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2. 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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2. 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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