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Bloom et al (2012) ‘The organization of firms across countries, Quarterly Journal of Economics) has found that delegation is more likely in firms that are located in countries in which the management can trust workers. More recently, Meagher and Wait (2015) have found that delegation of decision-making authority is more likely when the workers trust the management.
In the context of the infinitely repeated game studied in class, briefly discussion both results.
A brilliant young scientist is killed in a plane crash. It is anticipated that he could have earned $240,000 a year for the next 50 years. The attorney for the plaintiff’s estate argues that the lost income should be discounted back to the present at..
Consider these bundles: Bundle A: 2DVDs and 3 Cds; Bundle B: 3 DVDs and 1 CD; Bundle C: 1 DVDs and 3 CDs. Which of the following violates the assumption of non satiated preferences?
There is debate going on concerning the latest version of Apple i-phone between Apple and the US federal government. A US magistrate in California has ordered Apple to unlock the phone of a deceased terrorist who killed several people. Ethically, do..
Calculate the average cycle stock for this item using the order quantity in part a.Assuming there are 12 periods per year, calculate total cost per year.
Assume to John Smith gets promoted to a job to cause two changes to occur simultaneously: John earns a higher wage also safer environment
Illustrate what price also quantity would prevail after the imposition of the tax
What should have happened to their real wage. Given a constant MPL, barbers should have experienced no wage change. D. In what units is real wage in part.
Conduct an Internet search of the basic course structure for your state: To conduct this search, enter the words "court structure" followed by the name of your state into your web browser. Prepare a brief outline of the court structure in your state...
Explain why most market labor supply curves slope upward and to the right, even though individual labor supply curves are presumed to be backward-bending. How does the height of a market labor supply curve relate to the concept of opportunity cost?
Which mathematical form of model (linear, semi-log or double log) would be appropriate for estimating each of the following? The rate of return from holding a bottle of wine for a year. The price elasticity of demand for squirrel fur.
where, q is the quantity demanded at price p when the person’s income is I. Assume initially that the person’s income is $40,000. Show work & calculations. At what price will demand fall to zero? If the market price for gizmos is $10, how many will b..
"Anyone who tells you that markets left to their own devices always lead to socially beneficial outcomes is talking utter nonsense." Do you agree with this statement? Defend your position.
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