Does that rule make sense from the perspective

Assignment Help Econometrics
Reference no: EM131132341

Many people think that liability for accidents should be based in part on negligence. For example, a negligence rule might state that if two cars collide while one driver is following traffic laws while the other is not, the second driver should bear full responsibility, while the first should bear none. Does that rule make sense from the perspective of economic efficiency? Why or why not?

Reference no: EM131132341

Questions Cloud

What if the farmer has the right to clean water : What agreement will the mill and the farmer negotiate if the mill has the right to pollute? What if the farmer has the right to clean water?
How you are going to appropriately secure hospital network : Using everything that we have learned throughout the semester explain me with enough details how you are going to appropriately and effectively secure the hospital network.
Emergence of socialism and marxism challenge liberalism : How did the emergence of socialism and Marxism challenge classical liberalism? What are principal postulates of Marxist socialism? Do they remain valid today?
What does it mean when longest states that policymaking : Evaluate how much influence interest groups have on agenda setting. Do you think lobbying and electioneering should have more or fewer restrictions? Why?
Does that rule make sense from the perspective : Does that rule make sense from the perspective of economic efficiency? Why or why not?
Determine successful political change : "Do you think the strong leadership (or lack thereof) in a country determines successful political change?" Could you help me with some pros and cons of having strong leadership in a government?
Write a method that will perform the a division operation : Write a method that will perform the a division operation (divide by) on the numbers passed to it in two variables (numerator, denominator) and outputs the results.
How do they compare with that of the peasant holdings : What differences do you know exist between the area of lord's manor house, other buildings, garden and orchard, and how do they compare with that of the peasant holdings?
Discuss the post-napoleonic era and restoration : Discuss the Post-Napoleonic era and Restoration, 1815-1848. In what ways was the Old Regime restored and conservatism triumphed? In what ways did liberalism continue to spread?

Reviews

Write a Review

 

Econometrics Questions & Answers

  What would happen if cpi decide to raise prices unilaterally

One question that arose during the meeting was about how the firm's profitability in their toothpaste division would be impacted by the expansion. The Board asked you to assess the profit potential using marginal analysis.

  How the firms produce the goods q1and q2 separately

Two firms currently produce the goods q1and q2separately. Their cost functions are C(q1) =25 + q1, and C(q2) = 35 + 2q2. By merging, they can produce the two goods jointly with costs described by the cost function C(q1, q2) = 45 + q1+ q2.

  When should we replace this equipment with a new one

Assume that by investing $2000000 in transportation system we can prevent 30 accidents per year and save another $100 on annual maintenance cost of vehicals using the system ( 2000 vehicles). The annual maintanence cost for this system is $200000.

  Determine the market equilibrium price-output combination

Qs=2P-20 (supply) QD=80-2P (Demand) where Q is thousands of hours of floor reconditioning per month, and P is the price per hour. algebraically determine the market equilibrium price/output combination.

  What are its profit-maximizing price and quantity

Suppose the government wants to set a ceiling price that induces the monopolist to produce the largest possible output. What price will accomplish this goal?

  List the differences paragraph-by-paragraph

List the similarities, paragraph-by-paragraph, between the two reports

  Calculate the optimal consumption of the goods

a representative consumer with preferences over goods x1 and x2 given by U(x1,x2)=1/2 log X1+1/2 Log X2. assume the consumer has an exogenous income of M=100. suppose initial prices are p1=3 and p2=5 calculate the optimal consumption of both goods

  Write a summary to discuss your data findings

Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.

  How long must the treated version last to be the preferred

A low-carbon-steel machine part, operating in a corrosive atmosphere lasts 6 yeras, and costs $350. If the part is first treated for corrosion resistance, it will cost $500 part ($150 more than just the part with no treatment) but lasts longer.

  How to adjust ni as required to obtain pi and di

Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches.

  Relationship between the number of police and the crime rate

What do your results in the last question imply about the relationship between the number of police and the crime rate?  Are you confident in these results based on the work you have done?  Why or why not

  Explain the concept of multiplier effects

Which changes to fiscal stimulus package of 2009 for $862 billion (under the bill called American Recovery and Reinvestment Act of 2009) would have a larger overall impact on AD. Explain your answer in a paragraph or two with credible logics and a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd