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Consider a situation where a monopolistic principal contracts an agent who can have a high or low cost of effort. In a context where the
Consider a situation where a monopolistic principal contracts an agent who can have a high or low cost of effort. In a context where the true cost of effort is not verifiable, the implementation of the optimal symmetric information would lead to the following situation: Question options: The high cost agent would report a low cost while the low cost agent would claim to have a high cost. The agent would honestly report his cost of effort. The agent would systematically claim that his cost of effort is low. The agent would systematically claim that he has a high cost of effort
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