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So they're going to share equally in the profits of this firm,
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or this joint project, but you're going to supply efforts individually.
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So let's just be a bit more formal.
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So the players are going to be the two agents
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and they own this firm let's call it.
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They own this firm jointly and they split the profits,
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so they share 50% of the profits each.
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So it's a profit- sharing partnership.
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Each agent is going to choose her effort level to put into this firm.
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So, it could be that you're deciding, as a lawyer,
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how many hours you're going to spend on the job.
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So for most of you these decisions will be a question of