Microeconomics for MBAs - Chapter 14 pdf

... for a beat-up thermos that Wal-Mart later learned from the manufacturer had been purchased in the 1950s, long before there was a Wal-Mart. Another retailer that has decided to halt its no-questions-asked ... control. For example, the rate structure benefited local customers at the expense of long-distance customers. This cross-subsidy generally worked against commercial callers, whose...

Ngày tải lên: 02/07/2014, 22:20

... newspapers in when they are out of town. Chapter 1. The Economic Way of Thinking 44 - for less money than the government charges for delivering a one-ounce letter across the street! [Ed.: Some ... common for people to think that the only way for one group of “stakeholders” in a firm to gain is for some other group to lose. The search is all too frequently for ways to cut...

Ngày tải lên: 02/07/2014, 22:20

... mathematical formula for computing the present value of future costs or benefits received one year from now is PV = [1/(1 + r)] f, where PV stands for present value, r for the rater of interest, and f for ... explanation for long term contracting has been argued at length by Ronald P. Dore, Taking Japan Seriously (Stanford, Calif.: Stanford University Press, 1987). 14 Ibid., p....

Ngày tải lên: 02/07/2014, 22:20

... concern for the poor, who may be unable to afford the information necessary to make an informed choice. The poor may also be the least capable of understanding technical product information, ... the number of low-skill workers covered by the minimum wage can be expected to fall as market- determined wage rates for low-skill workers rise past the proposed new levels for the minimum wa...

Ngày tải lên: 02/07/2014, 22:20

... doing business for the worker-owned firm would be higher than for the capitalist-owned firm, which means the worker-owned firms would tend to fail in competition with capitalist-owned firms. ... finding that will be understandable from our discussion of the “last-period problem” in an earlier chapter) . The median effort level for the other team started at about 50, rose quickly to...

Ngày tải lên: 02/07/2014, 22:20

... market-based contracts, when in fact a firm’s hierarchical organization is more cost-effective than market-based organizations, will simply be out-competed for resources by the firms that do form ... 189 0-1 930 (New York: Oxford University Press, 1992); especially chapters 8 and 9. Chapter 6. Reasons for Firm Incentives 17 travelers, are in. By setting up the frequent-flier...

Ngày tải lên: 02/07/2014, 22:20

... of reducing pollution to ten units is $9,300; $1,500 for firm A. $800 for B, $3,000 each for C and D, and $1,000 for E. This figure is Chapter 7 Market Failures: External Costs And Benefits ... holding it, for the parties to exchange hostages. For example, if King A only has beautiful daughters then the best arrangement may be for him to ex- change a beautiful daughter for...

Ngày tải lên: 02/07/2014, 22:20

... wholly right or wholly wrong, is foreign to him. The win- list, yes-no discussion of politics is not within his purview. He does not recognize the either-or, the all-or-nothing situation as his own. ... on Medicare for older patients and Medicaid for low-income patients have increased the demand for healthcare services since the late 1960s, which has tended to boost prices and forced...

Ngày tải lên: 02/07/2014, 22:20