User Account

All Pages

Guilty of causing a major environmental disaster

Assignment Help Business Management
Reference no: EM131263480

An oil company, Pritish Betroleum, henceforth PB, has been found guilty of causing a major environmental disaster, and the court has decided that it has to pay an amount X in punitive damages. The exact amount of X will be determined after an assessment of the damages, which will be undertaken by one of two envi- ronmental laboratories, a or b. Under laboratory i, the probability distribution for X is Fi, for i = a,b.

Assume that PB is an expected utility maximizer and that its cardinal utility index is increasing in the company's wealth.

  1. Suppose that Fa >1 Fb and that the court allows PB to choose which laboratory to use for the assessment of damages. Which one should they choose?
  2. Suppose now that Fa is the uniform distribution over some interval [x?, x?], while Fb is the uniform distribution over [x? - 1, x? + 1]. Argue that Fa >2 Fb.
  3. Under the same assumptions as in part 2, suppose that the court allows PB to choose which laboratory to use for the assessment of damages. Which one should they choose?

Reference no: EM131263480

Questions Cloud

Individual optimization problem : Thus the individual's optimization problems is to choose t1 and t2 to minimize total studying time T = t1 + t2 subject to obtaining a mean grade of m where m - [g1(t1)+g2(t2)]/2 = 0
What does he mean by people of color blindness : Why does Sexton think the ultimate racial division is not white/people of color, but Black/non-Black? What is his critique of "oppression olympics?" What does he mean by "people of color blindness?"
Contemporary social problem research paper : Website icon Contemporary Social Problem Research Paper Scoring Guide - Complete and submit your final version of the course project paper.
What soft skills do employers request : Prepare a list of the most frequently requested soft skills in your field. - Indicate how well you think you would qualify for the skill or trait mentioned.
Guilty of causing a major environmental disaster : An oil company, Pritish Betroleum, henceforth PB, has been found guilty of causing a major environmental disaster, and the court has decided that it has to pay an amount X in punitive damages.
Bond supply-bond demand model : 1. Using the bond supply/bond demand model, graphically illustrate and indicate the impact on i and q if the the U.S. government decreases marginal income tax rates while holding government expenditures constant.
What is the y-intercept for this line : Suppose you know that the two points (X, Y) = (12, 6) and (15, 3) sit on the same line. From this information write an equation for this line in slope-intercept form. b. Suppose that you know that the slope of the line is 5 and that this line also co..
Draw two graphs on innovation and marketing : Write on a dream job with a company of your choice with the Ansoff model and graph two of the 12 elements - Innovation and Marketing.
Estimate the average age of the depreciable assets : Using the depreciable assets, estimate: The average economic life of the depreciable assets and The average age of the depreciable assets

Reviews

Write a Review

Business Management Questions & Answers

  Develop business recovery strategies for sangrafix

Develop business recovery strategies for SanGrafix, a video game design company. The strategies should contain detailed guidance and procedures for restoring a damaged system unique to the system's security impact level and recovery requirements

  Discussing organizational/structure theories

Discussing organizational/structure theories.Research and describe how the scholarly literature deals with the functional and divisional approaches to structure.Select an organizational structure theory and explain how the structure is designed to wo..

  Definition of competencies initiative adaptability to

definition of competencies initiative adaptability to changes continual learning teamwork amp cooperation analytical

  Development of organizational strategies

Show understanding of implementing risk management principles in the development of organizational strategies to handle, monitor and control identified risks

  Illustrate what recommendations would you make to allow

Illustrate what recommendations would you make to allow Apple to strengthen its position in its most important markets? Illustrate what steps

  Propose a new product or service for new company division

Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement.

  Explaining leader shapes the organization-s strategy

Analyze how the leader shapes the organization's strategy and design.

  The actor own deeply held commitments

Choose an ethical dilemma that is relevant to your chosen emerging industry and using the concepts in Paine's article attached "Ethics: a basic framework", describe and defend your recommended course of action addressing the following questions: Is t..

  Investigation of a current macroeconomic subject

You are required to write three unmistakable examination papers including an investigation of a current macroeconomic subject since 2011.

  Show mass customized footwear

What is a proposed title of your project and describe the project you have in mind. What questions will be answered by your research

  Explaion what is the most surprising point that guy kawasaki

Explaion What is the most surprising point that Guy Kawasaki makes and Be sure to discuss why this is more important than the others.

  Show all of the steps of the model and give a recommendation

Show all of the steps of the model and give a recommendation to the CEO of illustrate what to do now that the deaths are escalating. Illustrate what is the right thing for the CEO to do in this case?

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