Question: Contract Production efficient under full information? Fixed-fee rental contract (Rent paid to the principal by the agent) Hire contract (pay = marginal cost) Hire contract

Contract Production efficient under full

Contract Production efficient under full information? Fixed-fee rental contract (Rent paid to the principal by the agent) Hire contract (pay = marginal cost) Hire contract (pay > marginal cost) Contingent contract (share revenue) Contingent contract (share profits) Contract Production efficient under full information? Fixed-fee rental contract (Rent paid to the principal by the agent) Hire contract (pay = marginal cost) Hire contract (pay > marginal cost) Contingent contract (share revenue) Contingent contract (share profits)

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