Project #64923 - economics

Essays should be about 350 words in length and should address all parts of the   question.APA style double space  Each essay must be an original work reflective of your own thoughts and expression. The essays will be run through plagiarism detection software to identify excessive similarity between your answers and those of others in the class, people at other universities, and publicly available   sources.

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1. Discuss the actions leading to the creation of and persistence of firm-caused monopolies. Describe the pros and cons of regulation as a response to firm-caused monopoly. What concepts are used as the basis for setting regulatory targets for monopoly regulation and   why are those chosen?  

2. Define positive and negative externalities. What basic principles of market economics do externalities violate? What are the price and quantity impacts of negative externalities? Describe the processes and the pros and cons of using fines versus cap and trade to discourage negative externalities. What is the policy goal of positive externality management? Describe two methods of positive externality encouragement.  

 

3. What characteristics make a product a public good? Using contagious disease control as an example of a public good, suggest the difficulties of comparing program costs and benefits. Why is equity (fairness between people) often ignored in benefit-cost analysis? Discuss the barriers to internalization with regard to public goods?  

 

4. Describe the characteristics of an oligopolistic market. Tell how “excessive concentration” is measured and how substitute products and market’s geographic size make the proof of excessive concentration difficult. Does actual oligopolistic behavior as described in the text suggest that society’s goals are not being met by oligopolies.  

 

5. Describe the structural factors that define a game theory environment. Discuss how single round games versus sequential games, mover order, and reputation effect influence games? What is the difference between a dominant strategy and a contingent strategy and what behavioral differences can be expected from each?  

 

6. Define risk and uncertainty indicating their differences. What are the three types of probability discussed in Lecture 12-1 and how do they differ in generating probability estimates? Tell how using historical data for statistical inferences can bias decision making in rapidly changing markets?  

 

7. Describe how a forecasting process that utilizes expected value and standard deviation attempt to deal with risk. What are the limitations of the assumption of “risk neutrality” in modeling decision-making?  

 

8. How do risk aversion and expected utility calculations result in outcomes that may be at odds with expected-value-based decisions? Why do expected utility assessments differ between people and between decisions with significantly different scales?  

 

9. How do the five aspects of risk management discussed in Lecture 12-2 affect the risk positions a business takes? How do these risk management aspects allow individuals and firms with different risk assessments and different degrees of risk aversion to participate in the same risky situations such as risky markets?  

 

10. How do decisions differ under perfect versus imperfect information? Discuss the differing value of information in a situation characterized by repetitive trials with small impacts versus situations with single trials and very large stakes. What information is commonly known and what is commonly unknown with regard to one-shot, large potential loss situations?  

 

11. Using the expected value equation from lecture 14-1, explain how two opposing negotiating parties might come to differing beliefs about the value of the negotiation target. Explain how risk aversion affects parties’ positions. Explain how information asymmetry and awareness of information asymmetry affect negotiations. Describe how contingent contracts can help deal with asymmetric information and risk aversion   differences.

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and this is the e-book . you have to take look at it before start writing the essay

 

 

http://dhar.weebly.com/uploads/4/3/6/9/4369749/managerial_economics_7e_william_f_semulson.pdf   

Subject English
Due By (Pacific Time) 04/16/2015 04:00 pm
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