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Consider a game of delegation. An uninformed principal must delegate some task to an informed agent with preferences imperfectly aligned.
I'm aware of plenty of literature that studies these kinds of problems when there is a continuous action space, Alonso and Matouschek (2008) for example. Their lit review also seems to feature papers with continuous spaces. Quadratic loss utilities are very popular.
Are there any papers featuring delegation of a decision which is constrained to some discrete space? Do qualitative results change?
Discuss the positive aspects of globalization and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address to pros and cons of outsourcing in your response.
What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates.
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
The US recently purchased $1 billion of 30-year zero-coupon bonds from a struggling foreign nation. The bonds yield 4.5% per year interest. Zero coupon means the bonds pay no annual interest payments. Instead, all interest is at the end of 30 years.
Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers
Identify one product in your home that is made elsewhere. Why was this product imported? (Hint: think comparative advantage and mutual gains from trade) Some oppose free trade. What are their reasons and how does this apply to the product you identif..
What was the absolute amount of increase in real income? - Make your calculations of the percentage change in real income and the absolute change in real income using the approximation formula and using the more precise method with index numbers.
q1. identify at least one important entrepreneur that you would consider an entrepreneurial legend and state why you
How is this going to involve prices in the marketplace for New York City. Create sure to provide appropriate economic terms in your answers.
Illustrate what output does the low point of ATC occur and illustrate what is the ATC at that output. Explain how your calculations.
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
Explain the difference between normative and positive economics. Determine which of these statements are normative and which are positive and explain why you place them in the normative or positive category.
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