Are there circumstances under which it is b co have a contract? Once you have a contract is there need to m your business partner? Why or why not? Explain the moral hazard problem. Have you example of this in real life? Please share. What are the benefits of vertical integration nro tho onnto?
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- You and a coworker are assigned a team project on which your likelihood or a promotion will be decidedon. It is now the night before the project is due and neither has yet to start it. You both want toreceive a promotion next year, but you both also want to go to your company’s holiday party that night.Each of you wants to maximize his or her own happiness (likelihood of a promotion and mingling withyour colleagues “on the company’s dime”). If you both work, you deliver an outstanding presentation.If you both go to the party, your presentation is mediocre. If one parties and the other works, yourpresentation is above average. Partying increases happiness by 25 units. Working on the project addszero units to happiness. Happiness is also affected by your chance of a promotion, which is depends on howgood your project is. An outstanding presentation gives 40 units of happiness to each of you; an aboveaverage presentation gives 30 units of happiness; a mediocre presentation gives 10 units…As a result of NAFTA what is Hecksher-Ohlin model concerning on labor intensive and capital intensive ?Look again at Figure 21.12. It appears that the investor in panel b can't lose and the investor in panel a can' t win. Is that correct? Note: The solution should not be hand written.
- Om1. 1. ______ capital is the sum of the resources a person possesses as a result of investments in social networks and provides an advantage based on a person’s location in a structure of relationships. Financial Social Virtual Intellectual 2. ______ capital is a negotiation-specific form of social capital, which focuses on the assets that accumulate within a specific dyadic negotiation relationship. Human Relational Financial Personal 3. Which of the following is typically the best way to resolve a dispute with your boss? Discuss it with peers Report it to HR Approach her directly Report it to her bossThink of an example in your life where human capital was in conflict with non-human capital and describe it. Which had the power advantage in your example, and why? PLEASE DO NOT COPY, WRITE IN YOUR OWN WORDS. AND PLEASE WRITE ATLEAST 190-200 WORDS.How do u draw the coordination failure model following a temporary increase in current total factor productivity.
- In Chapter 1 we examined two efficiency criteria: Pareto efficiency and Kaldor Hicks efficiency. Recall that Pareto allows projects to go forward only if losers are fully compensated, whereas Kaldor-Hicks allows them to proceed as long as aggregate benefits exceed costs, or if B > C (that is, compensation of losers is not required). According to Michelman’s (1967) criterion, projects can go forward if B C > min(S, D), where, recall, S are settlement costs and D are demoralization costs. Given this formula, explain why Michelman is more permissive than Pareto but less permissive than Kaldor Hicks.V4. Assume there are only two oil producing countries in the world, C1 and C2. Each can export either 2 million or 4 million barrels of oil. If a total of 4 million barrels of oil are exported (both countries combined) then each barrel sells at $25. If there are 6 million barrels exported between them, each barrel sells at $15 and if there are 8 million barrels exported between them, then each barrel sells at $10. a) Write the “pay-off” matrix/table (i.e., the table or matrix indicating the strategies for each country, i.e., the amount of barrels they export and the revenue they make). b) Determine the Nash equilibrium for the game. c) Is there a strategy that results in larger revenue for both the countries? If so, which is that? d) For what wegitage for future payoff, δ, will both countries agree to use the strategy that benefits both of them, better?In a principal-agent problem, if the contract implies that the more risk-averse agent will bear less risk, we can say that this contract exhibits A.risk sharing is not optimal because the less risk-averse (or risk-neutral) agent should bear none of the risk. B.efficiency in risk-bearing. C.risk sharing is not optimal because risk-neutral agents should face no risk. D.risk sharing is not optimal because all risk should be transferred to the most risk-averse agent.
- In some ways, contracts can be very easy to enter into. In fact, we often enter into agreements simply by our actions. For example, many businesses place small notices near their entryways warning that by entering the building you consent to video recording or by parking in a specific lot you agree that the lot owner is not liable should anything happen to your car (even if you paid to park there). Are these agreements valid? Should individuals be held to agreements even if they did not know about them?What are 10 principles of Economics? How does Science & Technology affect them? Why does Technology keep transforming jobs and creating polarization effect, both at organizational and country levels?According to Rushkoff (2009), the philosophy of corporatism is: A. To suppress lateral interactions between people and redirect value towards investors B. To make as much money as possible for everyone involved in the company C. To increase production at all costs, usually via outsourcing D. To eliminate production serves the public good