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In Virginia, the common law has long held that if a neighbor's tree encroaches on your yard you may cut the branches as they cross the property line, but any damage the tree does to your property is your problem. Your neighbor can even sue if your pruning kills the tree. In 2007, the Virginia Supreme Court overruled this 70 year-old precedent, making it your neighbor's duty to prune or cut down the tree if it is a “nuisance.”
Which rule is better: the new rule or the old? What would the Coase Theorem say about the two rules?
Burlington Coat Factory Warehouse, Inc., had a dress code that required male salesclerks to wear business attire consisting of slacks, a shirt, and a necktie. Female salescler
Firms that had virtual monopoles, that is control over at least 80% of industry production, because of control over an essential resource include all of the following except
Cross-regional studies of medical practice variations an comparisons of individual physicians' "styles" show considerable differences between the rates of use of medial care a
What happens to price and output in the Cournot, Bertrand, and Stackelberg models if marginal costs increase by 10 percent? The market demand is p = a-bQ and the marginal cost
Deficits and investment: Suppose the government decides to reduce taxes today by 1% of GDP, financed by higher borrowing, with the borrowing to be repaid 10 years from now wit
What do Card and Krueger find regarding the effects of increasing the minimum wage on employment? What is a possible problem with the study? Tell me an economic story that wou
For each of the following purchases, say whether you would expect the degree of imperfect information to be relatively high or relatively low: Why is there asymmetric informat
Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, comp
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