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This paper was written when the author was a visiting scholar at the Harvard-Yenching Institute, Harvard University. Valuable comments from an anonymous referee are acknowledged.
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Liu, PW. Imperfect information, monitoring cost and incentives in the agency problem. Zeitschr. f. Nationalökonomie 42, 235–245 (1982). https://doi.org/10.1007/BF01282908
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DOI: https://doi.org/10.1007/BF01282908