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QUESTION
a) How would the strategy of a firm faced with repeated games differ from that faced with sequential games?
b) What do you understand by an optimal level of pollution and critically discuss the different ways of internalising external costs.
c) The manager of a clothing and textile company in Mauritius, which produces for both the domestic market and foreign markets, is considering expanding its scale of operation and decides to forecast its sales for the following six months. Outline two techniques of forecasting which you would suggest to the manager and comment on your rationale.
d) Discuss the various types of inefficiencies caused by the public sector.
Q. What can we do then while aiming at the public policy? From the above, one task emerges immediately, that is of quantifying all economic and non economic effects of a certa
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Types of production function
3 voters, A, B, and C, will decide by majority rule whether to pass bills on issues X and Y. Every of the two issues will be voted on indiviually. The change in net profits (in dol
1. is pareto improved demonstrated using the edgeworth box daigram?
The require for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Suppose these statements to be correct, 1. How will a successful campai
As you know, the principal-agent problem stress the effect of asymmetric information between the principal and the agents on economic outcomes, the equilibrium in a principal-agent
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