Explain what is the principal-agent problem

Assignment Help International Economics
Reference no: EM13209581

City of New York was building a new civic center and had a deadline to get a hugh event. They had a contractor doing the work with 60 days to finish. The city's police union was in negotiations with the city and the union wasn't happy with the progress. The union sent a picket line to stop delivery of materials to the worksite. Police officers were supposed to be making sure nothing was held up at the site. What is the principal-agent problem with this? Also, is it a hold up problem for the city or another problem?

Reference no: EM13209581

Questions Cloud

Eakins image of 19th century surgery : Compare Eakins' image of 19th century surgery with a 21st century media image you have seen of a medical innovation. Explain what you believe is the purpose of these kinds of graphic depictions of medical procedures.
What is enthalpy for the reaction of o2 and h2 : what pressure of O2 in a 500ml container at 30C is necessary for a reaction with 1.00g of H2 to produce H2O?
Calculate the price index for two thousand : price information for a typical market basket of goods purchased by consumers and assume that 2000 is the base year:1.Calculate the price index for 2000. 2.Calculate the price index for 2001. 3.Calculate the price index for 2002. 4.Calculate the pric..
Why is it important for kids to be a challenged and fail : We live in a culture that gives kids praise for doing nothing. How is that detrimental to kids? Why is it important for kids to be a challenged and fail once in a while?
Explain what is the principal-agent problem : City of New York was building a new civic center and had a deadline to get a hugh event. They had a contractor doing the work with 60 days to finish. The city's police union was in negotiations with the city and the union wasn't happy with the pro..
Explain during the initial stages of method development : During the initial stages of method development, the researcher was unable to separate anthracene and naphthalene with baseline resolution. From the options below, select all possible modifications the researcher could make to improve the resoluti..
What could you have done instead of punishment a child : Did the punishment work and how did you feel about punishments you have received? What could you have done instead of punishment a child?
What is the value of the unemployment rate : Assume there are 600,000 residents of whom there are 20,000 residents under the age of 16, there are 30,000 institutionalized adults, there are 50,000 adults not looking for work, and there are 140,000 unemployed who are actively looking for work
Explain aldol condensation to prepare benzalacetophenones : The lab was where we had to carry out aldol condensation to prepare benzalacetophenones using C7H5OCl and acetophenone. The result was 4-chlorobenzaldehyde

Reviews

Write a Review

International Economics Questions & Answers

  What is the problem with development aid today

Development aid should be focused on developing industries in donor countries because industrial improvement contributes to economic growth and simple financial aid keep developing countries from self-sustaining economy.

  What happens in the home money and fx markets

What happens in the home money and FX markets if there is a temporary contraction in the home money supply? What happens in the home money and FX markets if there is a temporary contraction in the foreign money supply? What happens in the short ru..

  Define the u.s. market for wine under free trade

The world price of wine is below the price that would prevail in the United States in the absence of trade. a.) Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under ..

  What will make useful or interesting comparisons

On one page, take about two-three paragraphs to describe and discuss your indicators. Why did you choose the indicators that you did? What do they show?

  Why us would subsidize the short run cost

Describe why the United States would subsidize short run cost of production for tobacco farmers in foreign nations. Do these practices guarantee the tobacco farmers a profit in short run?

  Why prices of short term us treasury securities are high

In the same context of Q6 above, briefly explain why the prices of Short Term US treasury securities are still high enough to keep the interest low enough despite the fact that the US Bond rating has been downgraded from AAA status to AA+ by S&P i..

  How the tax affects the market for roquefort cheese in us

At the beginning of the 2000s, the United States imposed high taxes on a number of European goods due to a trade dispute. One of these goods was Roquefort Cheese. Show how this tax affects the market for Roquefort cheese in the United States, shif..

  Which currency the euro or yen would you consider riskier

Suppose the dollar exchange rates of the euro and the yen are equally variable. The euro, however, tends to depreciate unexpectedly against the dollar when the return on the rest of your wealth is unexpectedly high, while the yen tends to apprecia..

  Do you think financial obligations assigned to donor country

The Cairo plan called for sizeable monetary pledges from developed countries to support enhanced population planning in the developing world. For the most part, those pledges have not been honored. Do you think the financial obligations assigned to..

  What best serves the global social interests

What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.

  Evaluate the organisations strategies

Evaluate the organisation's strategies: first for international entry, then for organising and structuring its global operations, and finally for maintaining competitive advantage in the face of new challenges and changing conditions.

  Determinants of demand for coffee

Coffee is a commodity that is developed, processed and shipped all over world. Research coffee on Internet. Please examine and try to find information on the market for coffee to support answers.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd