Microeconomics, Student Value Edition (2nd Edition)
2nd Edition
ISBN: 9780134461786
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 16, Problem 10Q
To determine
Crime and punishment from a principal-agent perspective, and its implication on crime prevention.
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Microeconomics, Student Value Edition (2nd Edition)
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- what are the reason of overdiversificationarrow_forwardHow does stakeholder emphasis of the creation of stakeholder value differ from the economic model?arrow_forwardRegarding the distributive justice hypothesis, I thought utilitarianism was the most persuasive. Utilitarianism holds that when resources and advantages are divided, it is ideal for society's overall enjoyment or well-being to be maximized. This theory contends that resources should be allocated to maximize overall utility while concentrating on the greatest good for the greatest number of people. The fact that it can have a beneficial impact on those around you makes this the most persuasive to me. According to utilitarianism, the best course of action is that which reduces pain or suffering while maximizing overall utility, which is typically associated with happiness, pleasure, or well-being. The focus on enhancing well-being to reach as many people as possible creates a change for more people Although there can be some conflicts and critics that come with it. I found it to be one of the most convincing theories. please help reply to this discussion postarrow_forward
- If opportunity cost of going to prison for a person falls,this person is less likely to commit a criminal act true or false?arrow_forwardThe five force model is a frameworkarrow_forwardAccording to Kenneth Arrow, there are minimum conditions to which a social choice rule (constitution) needs to conform to in order to be ethically acceptable. Explain these conditions. Does majority decisions rule conform to Arrows conditions?arrow_forward
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