Suche senden
Hochladen
Ppt econ 9e_one_click_ch17
•
Als PPT, PDF herunterladen
•
2 gefällt mir
•
542 views
Muhammad Attique Shah
Folgen
Economics book slide Case and Fair a good path to learn basics of economics
Weniger lesen
Mehr lesen
Business
Diashow-Anzeige
Melden
Teilen
Diashow-Anzeige
Melden
Teilen
1 von 18
Jetzt herunterladen
Empfohlen
Ppt econ 9e_one_click_ch12
Ppt econ 9e_one_click_ch12
Muhammad Attique Shah
Ppt econ 9e_one_click_ch02
Ppt econ 9e_one_click_ch02
Muhammad Attique Shah
Ppt econ 9e_one_click_ch15
Ppt econ 9e_one_click_ch15
Muhammad Attique Shah
Ppt econ 9e_one_click_ch14
Ppt econ 9e_one_click_ch14
Muhammad Attique Shah
Ppt econ 9e_one_click_ch07
Ppt econ 9e_one_click_ch07
Muhammad Attique Shah
Ppt econ 9e_one_click_ch13
Ppt econ 9e_one_click_ch13
Muhammad Attique Shah
Ppt econ 9e_one_click_ch10
Ppt econ 9e_one_click_ch10
Muhammad Attique Shah
Ppt econ 9e_one_click_ch01
Ppt econ 9e_one_click_ch01
Muhammad Attique Shah
Empfohlen
Ppt econ 9e_one_click_ch12
Ppt econ 9e_one_click_ch12
Muhammad Attique Shah
Ppt econ 9e_one_click_ch02
Ppt econ 9e_one_click_ch02
Muhammad Attique Shah
Ppt econ 9e_one_click_ch15
Ppt econ 9e_one_click_ch15
Muhammad Attique Shah
Ppt econ 9e_one_click_ch14
Ppt econ 9e_one_click_ch14
Muhammad Attique Shah
Ppt econ 9e_one_click_ch07
Ppt econ 9e_one_click_ch07
Muhammad Attique Shah
Ppt econ 9e_one_click_ch13
Ppt econ 9e_one_click_ch13
Muhammad Attique Shah
Ppt econ 9e_one_click_ch10
Ppt econ 9e_one_click_ch10
Muhammad Attique Shah
Ppt econ 9e_one_click_ch01
Ppt econ 9e_one_click_ch01
Muhammad Attique Shah
Ppt econ 9e_one_click_ch03
Ppt econ 9e_one_click_ch03
Muhammad Attique Shah
Principles of economics (Chapter 7)
Principles of economics (Chapter 7)
Yowela Estanislao
Ppt econ 9e_one_click_ch19
Ppt econ 9e_one_click_ch19
Muhammad Attique Shah
Ppt econ 9e_one_click_ch11
Ppt econ 9e_one_click_ch11
Muhammad Attique Shah
Ppt econ 9e_one_click_ch06
Ppt econ 9e_one_click_ch06
Muhammad Attique Shah
Ppt econ 9e_one_click_ch16
Ppt econ 9e_one_click_ch16
Muhammad Attique Shah
Ppt econ 9e_one_click_ch18
Ppt econ 9e_one_click_ch18
Muhammad Attique Shah
Ppt econ 9e_one_click_ch05
Ppt econ 9e_one_click_ch05
Muhammad Attique Shah
Ppt econ 9e_one_click_ch09
Ppt econ 9e_one_click_ch09
Muhammad Attique Shah
Ppt econ 9e_one_click_ch21
Ppt econ 9e_one_click_ch21
Muhammad Attique Shah
Principles of economics (Chapter 1)
Principles of economics (Chapter 1)
Yowela Estanislao
Ppt econ 9e_one_click_ch08
Ppt econ 9e_one_click_ch08
Muhammad Attique Shah
Ppt econ 9e_one_click_ch31
Ppt econ 9e_one_click_ch31
Muhammad Attique Shah
Ppt econ 9e_one_click_ch23
Ppt econ 9e_one_click_ch23
Muhammad Attique Shah
Ppt econ 9e_one_click_ch25
Ppt econ 9e_one_click_ch25
Muhammad Attique Shah
Ppt econ 9e_one_click_ch22
Ppt econ 9e_one_click_ch22
Muhammad Attique Shah
Ppt econ 9e_one_click_ch32
Ppt econ 9e_one_click_ch32
Muhammad Attique Shah
Ppt econ 9e_one_click_ch30
Ppt econ 9e_one_click_ch30
Muhammad Attique Shah
Ppt econ 9e_one_click_ch27
Ppt econ 9e_one_click_ch27
Muhammad Attique Shah
Ppt econ 9e_one_click_ch20
Ppt econ 9e_one_click_ch20
Muhammad Attique Shah
11.ppt
11.ppt
AliArslan689850
BUSINESS AND INDUSTRIAL ECONOMICS - June 20th, 2022 A.Y. 2021_2022.pdf
BUSINESS AND INDUSTRIAL ECONOMICS - June 20th, 2022 A.Y. 2021_2022.pdf
lakshman657566
Weitere ähnliche Inhalte
Was ist angesagt?
Ppt econ 9e_one_click_ch03
Ppt econ 9e_one_click_ch03
Muhammad Attique Shah
Principles of economics (Chapter 7)
Principles of economics (Chapter 7)
Yowela Estanislao
Ppt econ 9e_one_click_ch19
Ppt econ 9e_one_click_ch19
Muhammad Attique Shah
Ppt econ 9e_one_click_ch11
Ppt econ 9e_one_click_ch11
Muhammad Attique Shah
Ppt econ 9e_one_click_ch06
Ppt econ 9e_one_click_ch06
Muhammad Attique Shah
Ppt econ 9e_one_click_ch16
Ppt econ 9e_one_click_ch16
Muhammad Attique Shah
Ppt econ 9e_one_click_ch18
Ppt econ 9e_one_click_ch18
Muhammad Attique Shah
Ppt econ 9e_one_click_ch05
Ppt econ 9e_one_click_ch05
Muhammad Attique Shah
Ppt econ 9e_one_click_ch09
Ppt econ 9e_one_click_ch09
Muhammad Attique Shah
Ppt econ 9e_one_click_ch21
Ppt econ 9e_one_click_ch21
Muhammad Attique Shah
Principles of economics (Chapter 1)
Principles of economics (Chapter 1)
Yowela Estanislao
Ppt econ 9e_one_click_ch08
Ppt econ 9e_one_click_ch08
Muhammad Attique Shah
Ppt econ 9e_one_click_ch31
Ppt econ 9e_one_click_ch31
Muhammad Attique Shah
Ppt econ 9e_one_click_ch23
Ppt econ 9e_one_click_ch23
Muhammad Attique Shah
Ppt econ 9e_one_click_ch25
Ppt econ 9e_one_click_ch25
Muhammad Attique Shah
Ppt econ 9e_one_click_ch22
Ppt econ 9e_one_click_ch22
Muhammad Attique Shah
Ppt econ 9e_one_click_ch32
Ppt econ 9e_one_click_ch32
Muhammad Attique Shah
Ppt econ 9e_one_click_ch30
Ppt econ 9e_one_click_ch30
Muhammad Attique Shah
Ppt econ 9e_one_click_ch27
Ppt econ 9e_one_click_ch27
Muhammad Attique Shah
Ppt econ 9e_one_click_ch20
Ppt econ 9e_one_click_ch20
Muhammad Attique Shah
Was ist angesagt?
(20)
Ppt econ 9e_one_click_ch03
Ppt econ 9e_one_click_ch03
Principles of economics (Chapter 7)
Principles of economics (Chapter 7)
Ppt econ 9e_one_click_ch19
Ppt econ 9e_one_click_ch19
Ppt econ 9e_one_click_ch11
Ppt econ 9e_one_click_ch11
Ppt econ 9e_one_click_ch06
Ppt econ 9e_one_click_ch06
Ppt econ 9e_one_click_ch16
Ppt econ 9e_one_click_ch16
Ppt econ 9e_one_click_ch18
Ppt econ 9e_one_click_ch18
Ppt econ 9e_one_click_ch05
Ppt econ 9e_one_click_ch05
Ppt econ 9e_one_click_ch09
Ppt econ 9e_one_click_ch09
Ppt econ 9e_one_click_ch21
Ppt econ 9e_one_click_ch21
Principles of economics (Chapter 1)
Principles of economics (Chapter 1)
Ppt econ 9e_one_click_ch08
Ppt econ 9e_one_click_ch08
Ppt econ 9e_one_click_ch31
Ppt econ 9e_one_click_ch31
Ppt econ 9e_one_click_ch23
Ppt econ 9e_one_click_ch23
Ppt econ 9e_one_click_ch25
Ppt econ 9e_one_click_ch25
Ppt econ 9e_one_click_ch22
Ppt econ 9e_one_click_ch22
Ppt econ 9e_one_click_ch32
Ppt econ 9e_one_click_ch32
Ppt econ 9e_one_click_ch30
Ppt econ 9e_one_click_ch30
Ppt econ 9e_one_click_ch27
Ppt econ 9e_one_click_ch27
Ppt econ 9e_one_click_ch20
Ppt econ 9e_one_click_ch20
Ähnlich wie Ppt econ 9e_one_click_ch17
11.ppt
11.ppt
AliArslan689850
BUSINESS AND INDUSTRIAL ECONOMICS - June 20th, 2022 A.Y. 2021_2022.pdf
BUSINESS AND INDUSTRIAL ECONOMICS - June 20th, 2022 A.Y. 2021_2022.pdf
lakshman657566
Problem 1 Two projects have the following NPVs and standard de.docx
Problem 1 Two projects have the following NPVs and standard de.docx
ChantellPantoja184
Micro ch1-presentation-131022070429-phpapp02
Micro ch1-presentation-131022070429-phpapp02
DeShawn A. Larkin
Micro ch01-presentation
Micro ch01-presentation
Divyakant Joshi
case_micro08_ppt_13.ppt
case_micro08_ppt_13.ppt
AnggyNovitasari1
basic of eco 6
basic of eco 6
Doukan10
Ppt prs micro_ch06_9e
Ppt prs micro_ch06_9e
Zeiad Ahmed
Perfect Competition
Perfect Competition
Hannah Rain
Introduction to macroeconomics
Introduction to macroeconomics
Umair Aslam
Information Gaps
Information Gaps
Hugo OGrady
Ppt econ 9e_one_click_ch29
Ppt econ 9e_one_click_ch29
Muhammad Attique Shah
Micro ch01-presentation
Micro ch01-presentation
ZeeNiezzz
Things you will need to complete this assignment F.Y.I I just .docx
Things you will need to complete this assignment F.Y.I I just .docx
randymartin91030
PR8e_GE_ch17.pptx
PR8e_GE_ch17.pptx
fasfasfgrg
Ähnlich wie Ppt econ 9e_one_click_ch17
(15)
11.ppt
11.ppt
BUSINESS AND INDUSTRIAL ECONOMICS - June 20th, 2022 A.Y. 2021_2022.pdf
BUSINESS AND INDUSTRIAL ECONOMICS - June 20th, 2022 A.Y. 2021_2022.pdf
Problem 1 Two projects have the following NPVs and standard de.docx
Problem 1 Two projects have the following NPVs and standard de.docx
Micro ch1-presentation-131022070429-phpapp02
Micro ch1-presentation-131022070429-phpapp02
Micro ch01-presentation
Micro ch01-presentation
case_micro08_ppt_13.ppt
case_micro08_ppt_13.ppt
basic of eco 6
basic of eco 6
Ppt prs micro_ch06_9e
Ppt prs micro_ch06_9e
Perfect Competition
Perfect Competition
Introduction to macroeconomics
Introduction to macroeconomics
Information Gaps
Information Gaps
Ppt econ 9e_one_click_ch29
Ppt econ 9e_one_click_ch29
Micro ch01-presentation
Micro ch01-presentation
Things you will need to complete this assignment F.Y.I I just .docx
Things you will need to complete this assignment F.Y.I I just .docx
PR8e_GE_ch17.pptx
PR8e_GE_ch17.pptx
Kürzlich hochgeladen
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
Adnet Communications
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
ictsugar
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
ashishs7044
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
callgirls2057
Annual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
KeppelCorporation
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
dollysharma2066
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
Seta Wicaksana
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
NhtLNguyn9
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Voces Mineras
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
Chandresh Chudasama
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
ictsugar
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
ictsugar
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
mbikashkanyari
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
Call girls in Goa, +91 9319373153 Escort Service in North Goa
PSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
Anamaria Contreras
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
ictsugar
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Stunning ➥8448380779▻ Call Girls In Hauz Khas Delhi NCR
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
Jos Voskuil
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
ashishs7044
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
ictsugar
Kürzlich hochgeladen
(20)
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Annual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Guide Complete Set of Residential Architectural Drawings PDF
Guide Complete Set of Residential Architectural Drawings PDF
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
PSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
Ppt econ 9e_one_click_ch17
1.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 1 of 16 PowerPoint Lectures for Principles of Economics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster ; ;
2.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 2 of 16
3.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 3 of 16 17Uncertainty and Asymmetric Information Fernando & Yvonn Quijano Prepared by: PART III MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT
4.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 4 of 16 17 CHAPTER OUTLINE Uncertainty and Asymmetric Information Decision Making Under Uncertainty: The Tools Expected Value Expected Utility Attitudes Toward Risk Asymmetric Information Adverse Selection Market Signaling Moral Hazard Incentives Labor Market Incentives Incentives in Health Care PART III MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT
5.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 5 of 16 Decision Making Under Uncertainty: The Tools Expected Value payoff The amount that comes from a possible outcome or result. expected value The sum of the payoffs associated with each possible outcome of a situation weighted by its probability of occurring. The expected value of a coin toss with a payoff of +$1 for heads and – $1 for tails and a probability of ½ for heads and ½ for tails is: EV = 1/2 ($1) + 1/2 (–$1) = 0 The financial value of this deal, or its expected value, is $0. Half the time I win a dollar, and half the time I lose a dollar. fair game or fair bet A game whose expected value is zero.
6.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 6 of 16 Decision Making Under Uncertainty: The Tools Expected Utility diminishing marginal utility The more of any one good consumed in a given period, the less incremental satisfaction is generated by consuming a marginal or incremental unit of the same good. FIGURE 17.1 The Relationship Between Utility and Income The figure shows the way in which utility increases with income for a hypothetical person, Jacob. Notice that utility increases with income but at a decreasing rate: the curve gets flatter as income increases. This curve shows diminishing marginal utility of income.
7.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 7 of 16 Decision Making Under Uncertainty: The Tools Expected Utility expected utility The sum of the utilities coming from all possible outcomes of a deal, weighted by the probability of each occurring. Rather than earning $40,000 for sure, at the end of the year, a manager will toss a coin. If it is heads, Jacob will earn $60,000; but if the coin turns up tails, his earnings will fall to $20,000. The expected value of the two salaries is the same, $40,000 for sure or: EV = 1/2($20,000) + 1/2 (60,000) = $40,000 But the expected utility is not the same. The expected utility of the coin-toss salary is: EU = 1/2 U($20,000) + 1/2 U(60,000), which reduces to EU = 1/2 (10) + 1/2 (18) = 14 Since Jacob’s utility from a fixed salary of $40,000 is 15, he will not take the coin-toss salary alternative.
8.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 8 of 16 Asymmetric Information Adverse Selection asymmetric information One of the parties to a transaction has information relevant to the transaction that the other party does not have. adverse selection A situation in which asymmetric information results in high- quality goods or high-quality consumers being squeezed out of transactions because they cannot demonstrate their quality.
9.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 9 of 16 Asymmetric Information Adverse Selection Adverse selection and lemons The used car example highlights the market failure associated with adverse selection. Because one party to the transaction—the seller here—has better information than the other party and because people behave opportunistically, owners of high-quality cars will have difficulty selling them. Buyers who are interested in peaches will find it hard to buy one because they cannot tell a lemon from a peach and thus are not willing to offer a high enough price to make the transaction. The market, which is normally so good at moving goods from consumers who place a lower value on a good to consumers with higher values, does not work properly.
10.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 10 of 16 Asymmetric Information Adverse Selection Adverse Selection and Insurance For a given premium level, those who know themselves to be most in need of medical care will be most attracted to the insurance. As unhealthy people swell the ranks of the insured, premiums will rise. The higher the rates, the less attractive healthy people will find such insurance. Reducing Adverse Selection Problems In practice, there are a number of ways in which individuals and markets try to respond to adverse selection problems. For example, mechanics can offer would-be used car buyers an inspection service, and insurance companies can require medical exams
11.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 11 of 16 Recycled Lemons Asymmetric Information Adverse Selection Their Titles Laundered, the Cars Are Still Lemons New York Times
12.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 12 of 16 Asymmetric Information Market Signaling market signaling Actions taken by buyers and sellers to communicate quality in a world of uncertainty.
13.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 13 of 16 Asymmetric Information Market Signaling How to Read Advertisements Recognizing that profit-seeking individuals place the ad lets us draw conclusions about the information they do not provide. This same logic can be used in a corporate setting. In 2002, Congress and the president passed new accounting rules that require firms to inform shareholders of the stock options they give to their executives and the effect of those options on the firms’ costs. Information could be embedded in the financial statements or placed in the footnotes. Sometimes the lack of information serves as a signal.
14.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 14 of 16 Asymmetric Information Moral Hazard moral hazard Arises when one party to a contract changes behavior in response to that contract and thus passes on the costs of that behavior change to the other party.
15.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 15 of 16 Incentives mechanism design A contract or an institution that aligns the interests of two parties in a transaction. A piece rate, for example, creates incentives for a worker to work hard, just as his or her superior wants. A co-pay in the health care industry encourages more careful use of health care, just as the insurance company wants.
16.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 16 of 16 Incentives Variable compensation can help firms get better performance from their workforce. One reason that many companies design compensation with a component that varies with performance is that they want to attract the right kind of employees. In some cases, compensation schemes screen out the poor worker. Labor Market Incentives
17.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 17 of 16 Incentives In the health care industry, one might worry about incentives of consumers and physicians. Economists are actively exploring ways in which their new ideas on mechanism design and incentives can help solve some of the issues in managing health care costs in the United States. These issues are among the most exciting topics in economic theory. Incentives in Health Care
18.
CHAUncertaintyandAs © 2009 Pearson
Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 18 of 16 REVIEW TERMS AND CONCEPTS mechanism design moral hazard payoff risk-averse risk-loving risk-neutral risk premium adverse selection asymmetric information diminishing marginal utility expected utility expected value fair game or fair bet market signaling
Jetzt herunterladen