Which of the following terms best describes a contract that, Ask an Expert

Economics

Which of the following terms best describes a contract that guarantees an agent some payment, but provides enough incentive so that the agent does not shirk?

Risk-sharing contract

Risk-averse contract

Risk premium contract

Certainty equivalent contract

Variability reduction contract

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91239664

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