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From the ninth century B.C. until the proliferation of gunpowder in the fifteenth century A.D., the ultimate weapon of mass destruction was the catapult (John Noble Wilford, "How Catapults Married Science, Politics and War," New York Times, February 24, 2004, D3). Hero of Alexandria pointed out in the first century A.D. that it was not enough to have catapults. You needed your potential enemies to know that you had catapults so that they would not attack you in the first place. As early as the fourth century B.C., rulers set up what were essentially research and development laboratories to support military technology. However, unlike today, there was a conspicuous lack of secrecy. According to Alex Roland, a historian of technology at Duke University, "Rulers seemed to promote the technology for immediate payoff for themselves and had not yet worked through the notion that you ought to protect your investment with secrecy and restrictions. So engineers shopped their wares around, and information circulated freely among countries." Given this information, describe a ruler's optimal strategy with respect to catapult research, development, deployment, and public announcements. Should the strategy depend upon the country's wealth or size? What role does credibility of announcements play?
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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