Difference between revisions of "BPP Field Exam 2010 Answers"

From edegan.com
Jump to navigation Jump to search
imported>Bo
imported>Bo
Line 8: Line 8:
 
* [http://www.edegan.com/wiki/index.php/Holmstrom_%281999%29_-_The_Firm_As_A_Subeconomy Holmstrom (1999), Firm as Subeconomy], Not on exam's reading list.  
 
* [http://www.edegan.com/wiki/index.php/Holmstrom_%281999%29_-_The_Firm_As_A_Subeconomy Holmstrom (1999), Firm as Subeconomy], Not on exam's reading list.  
  
−
<b>Question 1</b>
+
<b>Question B1.1</b>
  
 
<b>Notes about assumptions</b>:  
 
<b>Notes about assumptions</b>:  
Line 20: Line 20:
 
(b) <b>My answer, assuming that all shares must be equal</b>.  
 
(b) <b>My answer, assuming that all shares must be equal</b>.  
  
−
2.
+
<b>Question B1.2</b>
  
−
3.
+
<b>Question B1.3</b>
  
 
===Question C1: Agenda Control and Status Quo===
 
===Question C1: Agenda Control and Status Quo===

Revision as of 17:40, 28 March 2011

Question B1: Production in Teams

Relevant papers:

Question B1.1

Notes about assumptions:

  • The prompt does not explicitly say that everyone must receive the same share. Nonetheless, many of the relevant papers assume that this is the case. As such, will solve the problem both ways.
  • The prompt also does not explicitly require a balanced budget. However, no source of funding for the agents is mentioned besides the combined output V of the individual agents. As such, I will assume that the budget balance restriction must hold.

(a) My answer, assuming that some shares can be different.


(b) My answer, assuming that all shares must be equal.

Question B1.2

Question B1.3

Question C1: Agenda Control and Status Quo

(i)

(ii)

(iii)

(iv)

Retrieved from "http://www.edegan.com/mediawiki/index.php?title=BPP_Field_Exam_2010_Answers&oldid=28189"