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!
Problem
1. Kidneys on Amazon? There are three conventional approaches to regulation: Command-and-control, Pigouvian, and property-rights based approach. There is also a fourth approach to "regulation" - the one that relies on norms and customs, and one I introduced in class based on Ellickson 1999. Describe the current method for allocating kidneys to those who need them. Acknowledge the illegal trade of kidneys in your discussion. Do a cost-benefit analysis of the four methods, explain how each would work, tabulate decision costs and error-costs and recommend the ‘best" approach to maximize social welfare. I have included two Wall Street journal readings on the topic of kidneys. Read: Winston 2006; also helpful: Dudley & Brito 2012. Ostrom 2000;
2. Quis custodiet Ipsos custodes? [Who watches the watchman?] Explain regulatory capture; draw from the assigned podcasts to illustrate. Why is this a problem? What are public goods? Explain why public goods will be underprovided? Why is oversight of government regulatory agencies considered a public good? Relatedly, if it is a public good to watch the watchers - how can we arrive at the optimal level of watching? Read: Winston 2006; also helpful: Dudley & Brito 2012; also Teles 2010.
3. When Excluding Makes Sense. It has been noted that a number of private marine fishery organizations historically implemented its own conservation minded catch limitations. But they ran into trouble under the antitrust laws. Explain the essence of antitrust; explain the essence of conservation regulation. Explain how antitrust conflicts with conservation. Read Adler 2004; Read Yandle 1998.
4. Ceasar's Wife. Are regulators immune from decision-making foibles? What are behavioral decision-making heuristics and biases? Define and discuss the relevance of what Slavisa Tasic calls "the illusion of regulatory competence" for regulatory decisionmaking. Read: Tasic 2013; Teles 2010.
List the reasons why Southwest's and Value Line's cultures differ so sharply and could Value Line's next CEO copy Southwest's culture?
consider the following statement chinas current account surplus implies that china has added more to global supply of
On the fictitious television game show, "Marginal Analysis for Everyone," the host subjects contestants to unusual tests of mental skill.
Prepare a formal report addressed to the CFO of Old Line formally articulating your computation, analysis and recommendations to Old Line.
Why does the assumption of independence of risks matter in the examples of insurance? What would happen to premiums if the probabilities of houses burning.
What is the marginal willingness to pay of the consumer that buys the QHth unit? What is the marginal cost to the producer who makes the QHth unit? How much surplus would be created by trading the QHth unit
questionnbsp a complete the table. state when the coefficient is elastic inelastic or unitary elastic. pricequantity
The manager at Sherwin -Williams store has decided to purchase a new $30,000 paint-mixing with hi-tech instrumentation for matching color and other components. The machine may be paid for in one of two ways:
The labor force is 300 million, there are 270 million employed people. 20 million have stopped looking for work. All of these people are working-age non-institutionalized adults. What is the unemployment rate? No percent sign needed.
There are two types of used cars on the market: Lemons and Cherries. Lemons are worth $200 to sellers and $600 to buyers. Cherries are worth $800 to sellers and $1200 to buyers. Buyers know how many cars of each type are available for sale, but they ..
What is the machine's payback period? Compute net present value of machine if the cost of capital is 12%. Find out the expected internal rate of return for this machine?
One way governments have tried to collect taxes from the wealthy is through the use of luxury taxes. What is true about the demand for luxuries?
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