... " The Economics of Contracts-Theories and Applications Eric Brousseau Jean-Michel Glachant CAMBRIDGE UNIVERSITY PRESS PUBLISHED BY THE PRESS SYNDICATE OF THE UNIVERSITY OF CAMBRIDGE The ... "good" type and the second as a "bad" type, since for the same effort, the principal will have to pay more to the second type than to the first. The principal will propose to the agents ... House, The Waterfront, Cape Town 8001, South Africa http://www .cambridge. org Copyright © Cambridge University Press This book is in copyright. Subject to statutory exception and to the provisions...