8-1 Discussion and responses

Pirates of the Caribbean When Spain colonized the New World, they extracted untold riches from there to finance their wars in Europe. The gold and silver had to be transported back to Europe on ships and these were attractive targets for pirates and privateers from other countries. Imagine the fictional Capitano Juan Barcodoro, who is in Cartagena and has to bring his cargo safely back to Sevilla, but he knows that the ruthless French pirate François Dragon is lurking. He can sail one of two routes: following the coast to Trinidad or go for Santo Domingo on Hispaniola. The pirates have to decide where they try to intercept him. Barcodoro is on the left and François Dragon on top, and their payoffs are on the left/right. Juan François Trinidad Hispaniola 5/-2 Trinidad -8/6 Hispaniola 2/-3 -8/7 What is Barcodoro's best response if he believes the pirates are at Trinidad? What if he believes they are at Hispaniola? Also find the pirates' best responses. Is there a Nash equilibrium in pure…

CH 10: Which of the following is NOT an example of how companies use sustainability as a competitive advantage against other companies? Strategic planning: companies that pay early attention to environmentally concerned stakeholders react better to future risks and challenges Cost savings: reduction in waste can often save manufacturers money Guilt tripping: companies that guilt trip their competitors into taking action can raise their competitors' costs of doing business Brand differentiation: many consumers will pay more for "green" products

Under which of these conditions is terrorism most likelyto occur?____ a. countries that are politically weak____ b. states with a long history of political violence____ c. nations with a foreign political occupier____ d. all of the above____ e. none of the above

380 MINICASE 9 PaG's New Corporate Strategy: "Connect+Develop" MINICASE 9 P&G's New Corporate Strategy: "Connect+Develop" EXHIBIT MС9.2 Contrasting Principles of Closed and Open Innovation Closed-Innovation Principles Open-Innovation Principles Together, these factors now force even the larg- est companies, such as AT&T, IBM, GE, and Sony, to shift their innovation strategy toward a model that blends internal with external knowledge-sourcing via licensing agreements, strategic alliances, joint ven- tures, and acquisitions. In the open-innovation model, a company attempts to commercialize both its own ideas and research from other firms. It also finds external alternatives such as spin-out ventures or strategic alliances to com- mercialize its internally developed R&D. As Exhibit MC9.1 shows, the boundary of the firm has become porous (as represented by the dashed line in the right panel), allowing the firm to spin out some R&D projects while "sourcing in" (developing in-house) other…

Table 1.3: Erica and Fred's game. Fred Testify Remain silent Testify (-14, –14) (0, – 15) Erica Remain silent (-15,0) (-1, –1) What is the best global outcome, and how many years total prison time does it lead to? Both confess, 14 years in prison Both confess, 28 years in prison Both silent, 15 years in prison Both silent, 2 years in prison

Discuss the nature of global terrorism.

2a. What is the difference between Kyoto Protocol and Montreal Protocol? 2b. What kind of regulatory design is a Protocol? 1. Self-regulation/Voluntary Authoritative 11. 2c. What is currently the threshold of temperature rise that is considered tolerable for human and biotic life to sustained in the long run: 1. 1.5 degree Celsius 11. 3.5 degree Celsius 4.5 degree Celsius

Adverse Selection. This section on Amazon illustrates the case of adverse selection faced by Amazon. The vendors have more information about their performance than Amazon has. Explain how and why Amazon can use the customer reviews to control this problem.

Give typing answer with explanation and conclusion

Economics The next two questions are about interacting with people during COVID. When we encounter another person these days, we would like to know how likely it is that they have COVID-19 before we get too close. While many people with COVID-19 don't know they have it, they do know how careful they tend to be (whether they avoid crowds, etc.). So this is a case of asymmetric information - they know how careful they are, and you don't. Further, assume that people who are less-careful are annoyed by people not wanting to meet them, and would like to be perceived as being more-careful. What would our model of asymmetric information tell us might happen if we have no idea how careful the person we're about to meet is being? An inefficiently high number of meetings would occur Everyone would start being extra-careful about COVID Increasingly, people would refuse to meet with anyone, whether they're actually careful or not We'd assume that everyone we meet is being careful about COVID

What are the benefits of research in improvement of enforcement and regulation laws?

There are four categories of formal power ; coercive power , reward power , legitimate power and information power . Explain all of these with examples

Which of the following is the correct name for the idea that certain firms prefer government regulation because regulation shields them from the pressures of competition and, in effect, guarantees them a regulated profit. a. The public interest theory of regulation. b. The structuralists’ theory of monopoly. c. The legal cartel theory of regulation. d. The public regulation theory of natural monopoly

Suppose when he took office in January 2009, President Obama wanted to reduce the level of spending by the DEA during fiscal year 2009. What budget procedure would have allowed him to do that? A. He could have requested executive transfers out of the Drug Enforcement Administration to the Department of Treasury impoundment fund. B. Congress could have approved a recession. C. He could have requested a financial audit of the DEA. D. He could have created a new governing policy or federal law.

List the six general types of information managementsystems, and give one logistics application for each one thatyou’ve named

Compare and contrast a market economy as described by Adam Smith with the modern structure of corporate governance

As part of their Corporate Governance role, Boards of Directors are responsible for the performance of the organization as well as conformance to various rules and regulations as required by governmental agencies. Some analysts believe that Boards should focus 70% of their time on Conformance and 30% on performance. Others believe that Boards should focus 70% of their time on performance and 30% on conformance. Explain which of the two approaches you believe to be more beneficial, giving your reasons why?

Name and explain in detail two mechanisms through which the market for corporate control operates.

20.2

What do you see as the strongest moral consideration in favor of capitalism? What do you see as the strongest objection to it?  please help with discussion post

20-4. Suppose that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,000. Suppose there are two types of individuals: those with $60,000 in he bank those with $5,000 in the bank declare bankruptcy if they get in a accident. In bankruptcy, creditors receive only what individuals have in the bank . What is the actuarily fair price insurance? What price individuals wit $5,000 in the bank willing to pay or the insurance? Will those with $5,000 in the bank voluntarily purchase insurance? What is the effect of state law forcing individuals to purchase auto liability insurance?

Question: Suppose that the disability insurance (DI)program was changed so that individuals who want to receive DI must first go 10 months without working to demonstrate that they are truly disabled instead of the current five months. a.How would this change affect the moral hazard costs of DI?Explain your answer. A critic of this change does some research and finds out that the acceptance rate(the share of those applying who are accepted into the program) of the DI program increased as a result of the change. He says that this is evidence that the change in the program has increased the moral hazard costs associated with disability insurance. b.Do you agree or disagree with this assessment? Explain your answer.