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Each year, public schools are rewarded with bigger budgets for achieving a rating of "excellent" or "recommended" and are punished for rating "needs improvement." These ratings are based on meeting thresholds on a broad set of measures such as attendance rates, graduation rates, standardized test scores, SAT scores, and so on.
Discuss the incentives for school principals (who are the agents, in this case) under this scheme and how you might improve them.
How did the Spanish crown initially fulfill its need for African slaves in the early sixteenth century? The African kingdom of Kongo nearly disintegrated from internal political struggles that followed many ruinous wars with the... The English joint-..
Assume that an investor is risk-neutral (i.e. assume that the investor always chooses the investment with the higher expected rate of return even.
Suppose ETP, LLC has estaimated its log-linear demand function for therapy as: Ln Therapy= 80-1.4In 9+1.2In M+0.4 In advt. Assuming each variables is statically, how would the consumption of therapy change if the simultaneously accounted for a % redu..
Identify the point on the budget constraint this worker has chosen. Elucidate how much is he working every day.
Price Quantity Demanded $200 1000 $150 1400 $100 1800 Suppose that the Tennessee Titans' owner, Bud Adams, is considering a plan in which fans who donate blood get a $20 reduction in their ticket price. If both ticket REVENUES and blood donations (i...
A firm's cost function is TCi = a + bqi + c qi2, where a, b and c are positive constants a. Find its marginal cost function, and show that MC is increasing for all q. b. Find its average total cost function. Now, prove that at the quantity that minim..
Thanks to many of you who posted the price of the Deep Sea Rolex. Some of you touched on the restriction that Rolex places on output.
Some airline executives have called for "re-reregulation." Why might an executive of an airline prefer to operate in a regulated environment?
Your income rises from $1,000 a year to $10,000 and your purchases of beer increase from 10 to 20. Assume a linear relationship between income and quantity demanded. What number below most closely approximates your income elasticity at income equals ..
Jiajian sells glass handcrafted upcycled glass necklaces at a craft fair on the weekends, and has a monopoly. When Jiajian prices the necklaces at $100 each, 5 necklaces sell each weekend. When Jiajian prices the necklaces at $75, he sells 6 necklace..
Create your own games. You will need to set it up one normal form for a one-shot simaltaneous game and one shot sequential move game. These should be seperate games - not the same parameters for both. What is each players dominent strategy? What is t..
A tax levied on the buyers (demand side) of a product: Which of the following can occur as a result of advertising in a monopolistically competitive market? Check all that apply. An adverse effect of rent control is that it creates a shortage in the ..
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