Micro Semester 2 LSE > Lecture 10 > Flashcards

Lecture 10 Flashcards

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1
Q

Give a proof of why the expected wage of the agent is higher in the uncontractible case than contractible one. Why is that the case?

A

Slides 21-22

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2
Q

Give a proof of why the constraints are binding in the uncontractible case.

A

Slides 17-18

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Micro Semester 2 LSE
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