the of and to a in that is was he for it with as his on be at by i this had not are but from or have an they which one you were all her she there would their we him been has when who will no more if out so up said what its about than into them can only other time new...
The proposition below characterizes the optimal contract14. Proposition 3. Suppose Assumption 1 holds. There exists 𝑐̲𝐴𝑙𝑡>𝑐̲𝑆 such that, for all 𝑐<𝑐̲𝐴𝑙𝑡, it is optimal for the principal to induce both altruistic agents to exert effort, 𝑒𝐴=𝑒𝐵=1...