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Job Auction
When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver to the state. In cases where the incumbent manager was the winning bidder, firm productivity tended to increase dramatically. When outside bidders won, there was little productivity improvement. If incumbent managers were not generally more qualified, how can you explain this result?
when output and employment slowed in early 2008 the bush administration and the democratic congress passed a
How could the incentives facing the people at the FDA be changed to reduce the incidence of Type ii errors Is it possible to compare the FDA approval process with the drug -approval process in other nations
The provider is assumed to maximize profits. Determine the provider's equilibrium wage and how many nursing units it will hire. The provider is a monopsonist, which means it is the sole purchaser of labor in the market. Nurses are used by the clin..
price escalation is a major pricing problem for the international marketer. explain the concept of price escalation and
Boston based gas station owner set highest gasoline values in the country. During that summer, he charged $1.69 per gallon for unleaded gas during the daytime and $2.59 each gallon at night
Determine the price, income and cross price elasticity of demand and how would you characterize the demand for haddock?
assume that the relationship between the growth of a fish population and the population size can be expressed as g 4p
A tax on cigarette production….
As output increases a firm finds that its marginal cost of producing an additional unit is rising. From this information we know that
Reconsider the "double marginalization" model. Solve for the equilibrium input price and final price when there are N downstream firms compete in Cournot fashion.
Simply state the short run shut down rule as stated in the book and apply it using the numbers given. Be sure to show your work to support the decision you outline in your report. uses 50,000 workers to produce 200,000 units of output per day. The d..
David is horrified to see that the value of his favorite beverage has raised. Determine which of the following would unequivocally be responsible for this value raise?
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