In Figure, both parties desire enforceability of the second players promise when the promise is made, but
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In Figure, both parties desire enforceability of the second player’s promise when the promise is made, but when the time comes to perform, the promisor may not want enforceability. What do these facts say about the Pareto efficiency of enforcing the second player’s promise?
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Perform: invest I to make 2 (5, 5) Breach: return investment of I & pay damages of .5 Agent Invest 1 Principal Don't invest (0,0)
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