Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Define Efficiency Pareto optimality. One issue that economists have is that in a sense people's preferences can change over time. Some of this may involve neurologicalbiological changes which economics hasn't dealt much with. But lots of the change involves learning new things over time. How would you define pareto optimalityin an environment where people can learn about the quality of products over time. Can you think of two definitions taken at different moments relative to the learning about the product. If you are a policy maker what do you do if these conflict? Can you give an example?
2. Think about the same issue but think about how preferences change as your human capital as future earning potential changes. How much the defiition of Pareto optimality accomodate that? How do the policy issues compare here to the above? Here is a deep extension. Let's say in the future you anticipate your preferences may change in a way that your current self dislikes. How should Pareto optimality/efficiency and policy accomodate that? Can you give an example?
3. In modern philosophy, fairness is typically bookended by two different academic models: John Rawls, believed that fairness should be measured based on a "veil of ignorance" when you didn't know your position in society and from an extremely risk averse point of view that you were heavily concerned you might end up in a very low status position. Robert Nozick, believed fairness was based on consent and that fairness was based on voluntary trades from a hypothetical world in which you possessed certain property and each individual policy change from that state could not be supported by coercion from whatever the previous status quo was, though he allowed that in the initial status quo you may have your property stolen by stronger neighbors. Are both definitions of fairness, a subset of Pareto optimal (efficient) allocations? How would you adjust the definition of Pareto optimality to account for both of these. In the Nozick case, how do you account for the idea that policy ideas that are consensual may emerge from a coalition of individuals short of the entire population?
a. do you think that nearshoring or outsourcing will continue for u.s. companies?b. identify a legal job that you
identify an organization not previously selected and recommend methods to reduce costs. what effects do technologies
What is the equilibrium levels of real output and what is the equilibrium real interest rate
What specific standard is applied to a firm whose only contact with a forum state is through its Internet site? If you had an eBusiness, what could you do in order to limit your liability to suit in multiple jurisdictions?
In your view, should leaders in the public service pursue the "greatest good for the greatest number," or follow a set of moral rules when they make decisions involving difficult ethical issues?
What is the relationship between a monopolist's demand curve and the marginal revenue curve. 2. Draw a graph that shows a monopolist earning a profit. Be sure your graph includes the monopolist's demand, marginal revenue, average total cost,..
Entitlement programs affect the economy in many ways, yet they are considered by many as not being managed efficiently. Explain how you would improve some of these programs to ensure their effectiveness and ease of management.
An acceptance will create a contract. At common law, the acceptance had to be identical (mirror image) to the offer. A response that was not identical would amount to a counter-offer and cancel out the offer. Modernly, this is no longer the case. If ..
How foreign direct investment influences the wages
law and the court system the law firm for which you work is in the state of louisiana and is in the process of
What is the Nash equilibrium in this game ? Is there a first- mover advantage or first-mover disadvantage in this game? Explain, why?
Determine the most commonly used population and individual measures used in providing healthcare today. Examine the primary impact that these measures exert on the choices that consumers make in order to address their own healthcare needs. Justify..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd