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Describe some of the approaches that may be used to break the impasse.
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- Suppose that two corporations, Analytica and Bobmetrics, are negotiating the share of profit from a time sensitive joint project. The total profit generated by the project is £10 million. However, every day that the deal is delayed reduces the value of the total profit by £1 million. The way the negotiation is set up is the following: in the first day, Analytica’s lawyers propose a split of the profits, and Bobmetrics’ lawyers can agree, or they can discuss it some more and make their own offer on the second day. After that the two teams alternate. Analytica gets to make proposals on days 1, 3, 5, 7, and 9, while Bobmetrics makes proposals on days 2, 4, 6, 8 an 10. On day 11, the profit from the joint project becomes 0. The negotiations stop when either company accepts the proposal of the other, or on day 11. Find the subgame perfect Nash equilibria of this dynamic negotiation game. What happens when the loss of value is slower or faster? What conclusions can you draw? Briefly explain…Solve the bellow problem as soon as possible.Discuss some of the possible implications of the increasing economic and political power of so-called "Big Tech".
- What is the Lateral Integration of Alibaba Group: The Rise of a Platform Giant?What came after Bretton Woods?If a store decides to sell its products online (in addition to the traditional in-store), how would it impact the implied demand uncertainty? Assuming Amazon is operating on the efficient frontier, give two examples of how Amazon can shift the whole efficient frontier curve. Discuss how Amazon can use the information lever to predict demand. What is Amazon’s scope of strategic fit?
- Why are truly global companies often seen as “evil”? What can be done to help them create the “Good Guy” image? Strikes in China are becoming common (e.g., a recent strike at Honda factories that led to a 25% wage increase). How does increasing wages in China affect the US (wages, prices, employment, wealth, etc)?Two firms, A and B, are each considering trying to develop a newwidget. Whichever firm is first to develop the new widget wins a patent worth $20 million plus a penny.Developing a new widget involves several ‘steps’. The firms alternate moves, with A moving first, until oneof them wins the patent. All moves are observed. In each turn, a firm can choose whether to take 0, 1, or2 development ‘steps’. Taking 0 steps in a turn costs that firm $0. Taking 1 step in a turn costs $4 million.And taking 2 steps in a turn costs $11 million. For simplicity, assume a zero discount rate. Initially, eachfirm is 4 steps away from completing development.(a) Describe and explain carefully what will happen in this patent race and why. [Hint: it may help toread Dutta ch 12 (but notice I changed the numbers).](b) Very briefly explain what is the economic rationale for granting ‘intellectual property rights’ such aspatents. What are some disadvantages for society of granting such rights?what is the answer for d and e and how to solve them step by step?
- NutraSweet Aspartame is a low-calorie, high-intensity sweetener known by Monsanto’s brand name, NutraSweet. It was the key to the success of Diet Coke and Diet Pepsi in the 1980s. NutraSweet made billions of dollars, yielding very high profits. Such profits usually attract entry, but in this case entry was barred by a patent on the sweetener and because the process of creating the sweetener was expensive and difficult. Monsanto had a distinct capability—its monopoly. It had also created another strategic asset—the NutraSweet brand name as represented by its trademark ‘swirl.’ The problem was that Monsanto’s patent was about to expire. As a result, the Holland Sweetener Company began building an aspartame plant in Geleen, the Netherlands, to challenge Monsanto’s hold on the aspartame market. Holland Sweetener was a joint venture between the Japanese Tosoh Corporation and DSM (Dutch State Mines). What did Monsanto do? Why? What did Holland Sweetener do? Why?A CNBC new story published 14 December 2021 reports, “OPEC and non-OPEC oil producers, an influential group known as OPEC+, decided on Thursday to stick to a previously agreed upon plan of hiking output by 400,000 barrels per day in January 2022. However the alliance said in a statement that “the meeting remains in session,” meaning they can “make immediate adjustments” should the current market conditions shift. In what was a hotly anticipated meeting, the energy alliance convened via videoconference to determine whether to stick with its plan to release more oil into the market or to restrain supply amid fears over the omicron Covid-19 variant. Other issues on the table included a U.S.-led release of strategic reserves from crude-importing nations and Iran’s possible re-entry into oil markets.” 1.Identify the market structure where OPEC operates 2.Discuss extensively 2 features of that market structure.PLEASE ANSWER ASAP >> ECONOMICS