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Suppose that an injurer escapes liability in three out of four accidents that he causes. Let the average damages per accident be $100,000 and assume the liability rule is strict liability.
In order for the injurer to face the proper incentives to take care, what is the correct magnitude of compensatory damages? (Please enter a whole number.) what is the correct magnitude of punitive damages? (Enter a whole number.)
Discuss the salient features of French healthcare system. Could the U.S. replicate any part of the system? Elaborate.
A $1000 face-value coupon bond has a 10% coupon rate, a maturity of 4 years, and a price of $960.
Suppose the market demand for a good consists of two consumers, 1 and 2, where their respective individual demands are given by: Di (p) = max[200 - 4p,0] and D2
A tire manufacturer studying this effectiveness of television advertising on the sales of its GRIPPER-brand tires attempted to fit the data it had gathered into an equation. Which region would benefit more, if either, from additional advertising expe..
If taxes were cut by 1 trillion adn the mpc was .8 how much would total spending. Increase in the first year with two spending cycles? Increase over an infinite time perios?
The Dow fell by 142.21 and closed at 11450.64. The divisor for the Dow is 0.132129493. By how much did your portfolio of 30 stocks fall in value?
Consider a perfectly competitive firm that is currently producing a quantity of one hundred units. At this level of output, suppose its marginal cost is $60 and its average total cost is $60. Given a market price of $60, for this representative firm ..
How large a sample should be selected so that the estimate is within 0.25 hours of the population mean with 80% confidence? Assume the population standard
The BlackBerry production function is Q = 2.83L1.52K0.82. Epple et al. (2010) estimate that the production function for U.S. housing is q = 1.38L0.144M0.856, where L is land and M is an aggregate of all other mobile, non-land factors, which we call m..
Marx argues that economic changes are the source of class conflict and potential social change. Explain Marx’s argument by either using the historical example of the transition from feudal production to capitalist production, or explain this by perha..
Why is the market for honey efficient despite the potential problem of pollination externalities?
The average weight of American adults increased by about several pounds since 1990. It has been reported that U.S. airlines spent millions more in fuel costs to transport this additional weight since 1990. Under what circumstances would this increase..
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