Question
. The IR constraint for the high-value type ensures that A. the high type will get negative utility from the high contract. B. the high
. The "IR" constraint for the high-value type ensures that
A. the high type will get negative utility from the high contract.
B. the high type will get zero or positive utility from the high contract.
C. the high type prefers the high contract over the low contract.
D. the high type prefers the low contract over the high contract
. The "IC" constraint for the high-value type ensures that
A. the high type will get negative utility from the high contract.
B. the high type will get zero or positive utility from the high contract.
C. the high type prefers the high contract over the low contract.
D. the high type prefers the low contract over the high contract.
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Applied Statistics From Bivariate Through Multivariate Techniques
Authors: Rebecca M. Warner
2nd Edition
141299134X, 978-1412991346
