User Account

All Pages

Economics-game theory

Assignment Help Business Economics
Reference no: EM132355006

Economics - Game Theory

1. Progressive auto insurance and other insurance companies are considering charging customers based on the number of miles they drive and other driving behavior (like frequent quick acceleration or hard braking). Data on this behavior would be collected via an onboard monitoring system. One UC Berkeley economist, Aaron Edlin, thinks that such devices and payment schemes should be mandated by the state. He claims that "insurance companies have some limited incentive to adopt pay-as-you-drive insurance - if they want to be a niche company and specialize in serving low mileage drivers." (San Jose Mercury News). Why does Edlin see companies that require the devices becoming "niche" players? How is this an example of adverse selection? How would a state mandate solve the problem?

Reference no: EM132355006

Questions Cloud

Describe the a.p nichols company dependence : How can we describe the A.P Nichols company's dependence and influence of the structure on the organization's ability to achieve its goals. Explain
Growing list of transportation infrastructure needs : As the U.S. grapples with a growing list of transportation infrastructure needs and limited public funds, more states are looking to public-private
Present in the company of ap nichols : How can we explain the culture and environment that was present in the company of A.P Nichols?
Alignment of strategy and culture : Why does the A.P Nichols firms goals mainly include the alignment of strategy and culture? Why? Explain, example
Economics-game theory : Progressive auto insurance and other insurance companies are considering charging customers based on the number of miles they drive and other driving behavior
Achieve its goals through structure : What is A.P Nichols company's ability to achieve its goals through their structure? Explain
Explain how dorries ties a specific greek tragedy : For this writing assignment, choose one of these areas and explain how Dorries ties a specific Greek tragedy or character to the theme of the section.
Why is it so hard for augustine to change his life : Why is it so hard for Augustine to change his life? What finally causes his return or conversion to Christianity? Is this reason satisfying to you?
How do the visual characteristics of each work contribute : The cultures we studied this week produced architecture, earthworks, and monumental sculpture, in addition to smaller works of art. Using your course textbook.

Reviews

Write a Review

Business Economics Questions & Answers

  Least expensive way to transport available blood donations

The blood bank wants to determine the least expensive way to transport available blood donations from Pittsburgh and Staunton to hospitals in Charleston, Roanoke, Richmond, Norfolk, and Suffolk. The supply and demand for donated blood is shown in Fig..

  Labor capital technology natural resources

What is the total amount of final goods and services that firms in a country plant reproduce depending on the labor Capital technology natural resources and entrepreneurial talent in the market?

  Payment rates and push back against mounting rules

More Doctors Steer Clear of Medicare Fewer American doctors are treating patients enrolled in the Medicare health program for seniors, reflecting frustration with its payment rates and pushback against mounting rules, according to health experts -- j..

  What would a profit seeking arbitrager

What would a profit seeking arbitrager do if the actual 12-month forward rate was $0.016/|?

  Relation between a? male age and hdl?

If I wanted to determine whether there is a relation between a? male's age and his HDL? (so-called good) cholesterol. I randomly selected 17 of his patients

  Price for local telephone services

A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.

  Changing income by what dollar amount

Assume m=200$, px=2$, and py=1$. assume income is constant, Px decrease to $1.50, and Py decreases to $.75. This change in prices is equivalent to changing.

  Temporary hiccup toward globalization

Is this just a temporary hiccup toward globalization of trade and free markets?

  Common product that the business sells

For this discussion, think about where you work or a business you have a significant amount of knowledge about. What is a common product that business sells?

  Key principles of economics

No less than 1000 words (excluding the title page, bibliography and appendices). Question 1. A Study into the Key Principles of Economics.

  Table shows data on consumption

The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2010

  What are the significance of the crusades

Who the Anglo-Saxon and Vikings were and What are the significance of the Crusades?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd