Identifying and providing types of goods

Assignment Help Other Subject

Reference no: EM13310121

Identifying and Providing Types of Goods

You will explain why some goods should be provided by the government and others should be provided by businesses. Given a list, correctly identify types of goods based on excludability and rivalness. Support your answer.

Task 1: Consider the following list of goods. For each good, explain the following points.

-- Is the good rival?

-- Is the good excludable?

-- Identify the type of good (Private Good, Public Good, Common Resource, or Quasi Public Good)

-- Are there any externalities associated with this good?

-- Explain whether the private market should provide this good or the government should provide this good. Explain in terms of whether the characteristics of the good would make it difficult to be provided by the private market or the government.

List of Goods:

A. A cup of coffee at a coffee shop

B. City fire protection

C. Polar bears in the Arctic

D. Clean air

Subtitle: The Principal Agent Problem

Task 2: Review the discussion in the lesson regarding the financial crisis. Discuss each of the following

points. Use sources from the ITT Tech Virtual Library to add to your answer.

Define the principal agent problem.

GE273: Week 5 Good Provision and Agents

Do corporate managers always act in the best interest of shareholders? Explain.
Research and present one CEO (Chief Executive Officer) pay package. Does this CEO earn more money if the company performs well?
What penalty does the CEO receive if the company does not perform well? Does the pay package of the CEO you presented add to or reduce the principal agent problem? Explain.

Reference no: EM13310121

Questions Cloud

Identify a scientific discovery or invention : "Consider that science is concerned with what is measurable, observable, reproducible, while society is concerned with what is material, useable, productive. Identify a scientific discovery or invention from the 1400s to 1600s and explain what impact..

Determine the minimum distance from the channel edge : Vehicular access to the Toronto Island Airport now involves the use of a small ferry, capable of carrying about 8 automobiles or an equivalent number of trucks, which operates across the 150 metre wide body of water known as the Western Gap

What power is needed from the pump on the water : The total length of the hose is 65 m with 200-mm diameter. The exit diameter of the nozzle is 100 mm. Take e/D for the hose as 0.0001. What power is needed from the pump on the water

Avon calls on foreign markets : Why is Avon so much more dependent on its foreign operations than on its home ( U.S.) operations?

Identifying and providing types of goods : You will explain why some goods should be provided by the government and others should be provided by businesses. Given a list, correctly identify types of goods based on excludability and rivalness

Calculate how much heat is needed : 0.20 g of hydrogen gas are held in a rigid container. the temperature of the gas is changed from 50 K to 80 K. How much heat is needed

What is the fluid velocity of a tube : A pump uses a piston of 15 cm diameter which moves 2 cm/s. What is the fluid velocity of a tube 3mm in diameter

Find the magnetude of electrci field between the sheets : two parallel infinite sheets carry positive unifrom surface charge densities sigma and 3 sigma. what is the magnetude of electrci field between the sheets

What kind of potential criminal activities suspect committed : Some tools are discussed in the VirtualTool message. 3. A detailed report on what kind of evidence you expect the other students to find.

User Account

All Pages