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BPP Field Exam 2010 Answers (view source)
Revision as of 19:50, 28 March 2011
, 19:50, 28 March 2011no edit summary
Therefore, he'll work if <math>s_{i}z-1>0 \iff s_{i}z>1 \iff s_{i}>\frac{1}{z}</math>.
<b>Note</b> that not everyone can have <math>s_{i}>\frac{1}{z}</math> because <math>\sum s_i</math> in this world <math>=\frac{N}{z}>1</math>.
(a) <i>My answer, assuming that all shares must be equal</i>.
If all shares must be equal, no contract scheme can get any of the workers to work. This is because a worker will only work if <math>s_{i}>\frac{1}{z}</math>, but we know that not everyone can have this contract because <math>\sum s_i</math> in this world <math>=\frac{N}{z}>1</math>.
(b) <i>My answer, assuming that some shares can be different</i>.
<b>Question B1.2</b>
In the previous scenario, the CEO got
<b>Question B1.3</b>
