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1. The technology of interaction for a contractual relationship is given by the matrix below. Suppose the players can obtain externall}r enforced transfers1 which must
1. The technology of interaction for a contractual relationship is given by the matrix below. Suppose the players can obtain externall}r enforced transfers1 which must be I{bal anced.\" by writing a contract. Under the assumption that the court can verify exactl}r the outcome of production. what value can the players obtain and what contract is written? Describe both the externally and selfenforced components
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