Problem 8.3 Consider the efficient pooling contract for the signalling version of the model depicted in Figure
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Problem 8.3 Consider the efficient pooling contract for the signalling version of the model depicted in Figure 8.2(i). Under this contract, the wage offered is w for an edu cation level of zero. Explain why this contract, or any other pooling contract in this model, cannot produce a weakly communication proof equilibrium.
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