Managerial Economics

Assignment 1:

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Chapter 18:

Comment on a Vickrey Auction; also who was Vickrey?

Chapter 19:

Compare signaling vs screening in market behavior.

Chapter 20:

Discuss the moral hazard associated with the improvements in health care procedures.

Assignment 2:

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Problem Discussion

Chapter 18:

Page 241; 18-1 Effects of Collusion

Chapter 19:

Page 252; 19-2 College Degrees Required for Police Officers

Chapter 20:

Page 264; 20-1 Extended Warranties