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Question 1 In this problem, we will consider a principal-agent model with an agent who dislikes the principal. The principals utility function is, as usual:

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Question 1 In this problem, we will consider a principal-agent model with an agent who dislikes the principal. The principals utility function is, as usual: 11' = xT where x = e. The agent has payoff function u = T )0: .

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