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Leffler, Keith and Santeseban, Cristian. (2018). "The LDC Conspiracy: The Sherman Act, Beyond a Reasonable Doubt, and Issues of Extraterritorialty (2014)" in John Kwoka and Lawrence White (eds), Antitrust Revolution: Economics, Competition and Policy, 7th edition, Oxford University Press, Case 14.
-How did the cartel operate in terms of the variable they collude on, the collusion mechanism, and the follow-up monitoring?
-What were the market features facilitate collusion in this case?
Suppose that there are 100 workers in the country (50 women and 50 men), they are each paid $10 an hour, and the tax rate is 25%. What tax revenue is collected? What is the deadweight loss associated with the 25% tax on labor incomes?
Find the own-wage elasticity of labor demand for a small change in the wage around $5. Do the same for a small change in the wage around $10
Country A has a population of 1,000, of whom 800 work 8 hours a day to make 128,000 final goods. Calculate each country's productivity and real GDP per person
Consider a REIT that holds high quality office buildings in some of the best locations in the US. The REIT is currently traded at a price of $64/share and there are 70 million shares outstanding. Using the information below answer the following quest..
Refer to the above graph of D and MR for a monopolist. We know that to maximize profits the firm will set a price:
Consider the subsequent cost relationships for a single-product Is there a minimum efficient scale of plant implied by these cost relationships
Find the stationary point that maximizes the compensation function to determine what combination of education and experience gives the highest level
Complete the International Trade Simulation. Elucidate how absolute also comparative advantage was used in your simulation.
Assume that the demand for a product X is heavily influenced by the price of another product Y (Py), and the income of consumers (I). The cross-price elasticity of X with respect to Y is exy = 1.25, and the income elasticity is eI = 2. Are X and Y co..
Elucidate whether each of the following events shifts the short-run aggregate-supply curve, teh aggregate-demand curve, both, or neither.
When a company needs to finance its activities it can do it in two ways, using either debt or equity. There are many options in using both of them
If two goods are substitute goods,
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