User Account

All Pages

A3, Microeconomics

Assignment Help:
Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand equation Qd = 10 – P. The official government price for the good is Pg=3. The government pays the cost of producing the good. A bureaucrat can restrict the supply of X. The fact that there are no risks of detection gives this public official incentives to ask for a bribe to supply the good. Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the good in this context is given by Qc=(7/2) – (1/2)P.
In the model of “no theft” what is the amount of the bribe that the corrupt official will charge??

Related Discussions:- A3

Sources of external economies of scale, Sources of external economies of sc...

Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci

Theory of demand, What are the types of demand

What are the types of demand

Kinky demand curve, explane a kinky demand curve model

explane a kinky demand curve model

Growth, During a given interval a nation''s overall productivity grows at a...

During a given interval a nation''s overall productivity grows at a compounded rate of 2%. Its population growth rate and degree of labor-force participation do not change over thi

Chemical combination, Draw a diagram to show the type of bond between two f...

Draw a diagram to show the type of bond between two flourine atom

Production possibiltiy curve, what does production possibilty curve means?

what does production possibilty curve means?

Principal agent, how to control principal agent

how to control principal agent

Nomal, what monopoly market .

what monopoly market .

What is law of variable proportions?, what is law of variable proportions?

what is law of variable proportions?

Ppc, ppc shows microeconomics

ppc shows microeconomics

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd