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Phillies hamstrung by no-trade clause Phillies general manager Pat Gillick, who previously built winners in Toronto, Baltimore, and Seattle, is no fan of blanket no-trade clauses. Gillick is so averse to giving out complete no-trade provisions that he says it could be a "deal breaker" when the Phillies negotiate with big free agents this winter.
Provide an example of private information that a baseball player who wants a no-trade clause possesses. Does a baseball player with a long-term contract that includes a no-trade clause present a moral hazard to his baseball team? Does a baseball player with a long-term contract that includes a no-trade clause present adverse selection problems to his baseball team?
suppose that the professor imposes a price floor of $15 per book. Sellers are pleased because they think that they will be able to get more money this way. How to calculate how much cash would the sellers receive from selling their books now
(a) How many different samples of two bundles each are there (b) List all possible samples of size two and compute the mean of each sample. (c) Calculate the population mean and compare it to the mean of the sampling distribution.
Do the proposals deal more with discretionary fiscal policy or with automatic stabilizers? Are they designed to affect aggregate demand or aggregate supply?
Suppose you have some information on a sample of investment bankers, and are interested in impacts of height and of seniority on their success.
Cumulate these data and present them graphically, putting the expected rate of return on the vertical axis and the amount of investment on the horizontal axis.
The Tummy Tugger has fixed costs of $10,000 per year and variable costs of $2.50 per visitor. The Head Buzzer has fixed costs of $4000 per year, and variable costs of $4 per visitor. Provide answers to the following questions so the amusement park..
it has the same demand curve and there is only one firm there that also produces apples at the marginal cost of $4 per kilo. Also, each firm in every country has to pay a transportation cost of $1 per kilo to deliver its apples to the market abroa..
The second largest public utility in the nation is the sole provider of electricity in 32 counties of southern Florida. To meet the monthly demand for electricity in these counties, which is given by the inverse demand function P = 1000 - 5Q.
Part Three: Neighboring WSU dropped their tuition and fees by 14 percent and TTA saw enrollment fall from 8,400 to 7,400. What is the cross elasticity between the two schools.
Each type B firm has a short-run supply curve sB(P) = 10P. The market demand curve is D(P) = 5000 - 500P. What is the short-run equilibrium price in this market? At this price, how much does each type A firm produce, and how much does each type B ..
Why might the above relationship signal a recession? Why might it not?
A procedural means of lowering the cost of litigation is to "bifurcate" (separate) the issues of liability and damages into separate trials. This allows society to save the cost of a trial in cases where the defendant wins. Suggest why this may ha..
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