Question
When, after accepting a contract, the agent can take an action that is not verifiable by the principal it gives the agent an advantage similar
When, after accepting a contract, the agent can take an action that is not verifiable by the principal it gives the agent an advantage similar to the first mover's advantage. This means that he can get a utility greater than his reservation utility.
Question options:
True
False
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
