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In class we saw that when Deferred Acceptance is used, the proposing side has a weakly dominant strategy of being truthful. Use this result to show that serial dictatorship has the same properties.
Serial Dictatorship - each agent gets a different number, they all submit a list, and get the highest ranked option that wasn't taken by someone with a higher number.
If the demand for a monopoly's output shifts rightward, the change in quantity produced is not predictable because. The situation where one person's demand for a good depends on the consumption of the good by others is called. Which of the following ..
What do you think are the most significant challenges Clare faces in addressing welfare reform? What is your assessment of the most important stakeholders and what are their incentives to take action? What general quasi-experimental evaluation design..
Why do brown eggs cost more than white eggs? Think about this in terms of market differences (ie, supply and demand) between white and brown eggs. Are more brown eggs sold than white? So, given the relative prices and quantities in these two markets,..
El Paso Water Utilities (EPWU) purchases surface water for treatment and distribution to EPWU customers from El Paso County Water Improvement District during the irrigation season. A new contract between the two entities resulted in a reduction in fu..
There are two firms in an in an industry. Let q1 and q2 be the two firms in an industry and Q= q1 + q2 be the total output. The inverse demand in the industry if P (Q)= 45 – Q. The cost function for each firm is C(qi) = 9qi. The market outcome under ..
Discuss the following excerpt from a recent story in the Wall Street Journal. In your discussion demonstrate that you can use the concepts of: "price discrimination and "barriers to entry" to explain:
Horizontal and vertical analysis of the income statements for the past three years (all yearly balances set as a percentage of total revenues for that year). Values should be expressed as percentage of Total Revenues for the year. Ratio analysis (eig..
How does china devalue their own currency? And why would they do that? People say they do it to increase their exports but that will lower the price they receive for their exports so is it really worth it? What the reasoning behind it?
According to the text, in recent years the ratio of earnings of the typical U.S. college graduate to the earnings of the typical high school graduate without additional education has: Increased as the demand for skilled labor has decreased relative t..
Suppose that inverse demand is given by p(Q) = a-bQ, where Q is total quantity supplied in the market. There are two firms in the market, each with a cost function of c(q) = cq, now assume that the first firm moves before the second firm. Explain why..
State and explain the law of diminishing returns. How might this law apply if you were studying for an examination for an online course? What is the difference between explicit and implicit costs? Which of the costs is most closely associated with op..
Here is a "dynamic technology" question - When it comes to automobile production it is an accepted fact that American automakers did not readily adopt and use Asian and European technologies in the production of cars. The result was a loss of global ..
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