Utilitarianism and the Theory of Justice* by Charles Blackorby‚ Walter Bossert and David Donaldson August 1999 revised August 2001 Prepared as Chapter 11 of the Handbook of Social Choice and Welfare K. Arrow‚ A. Sen and K. Suzumura‚ eds.‚ Elsevier‚ Amsterdam Charles Blackorby: University of British Columbia and GREQAM Walter Bossert: Universit´ de Montr´al and C.R.D.E. e e David Donaldson: University of British Columbia * We thank Don Brown‚ Marc Fleurbaey‚ Philippe Mongin‚ John Weymark
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SUBMISSION QUESTION 7 EXTERNALITIES AND COASE THEOREM (a) Explain what is meant by “externalities”? (b) Consider an industry whose production process emit a gaseous pollutant into the atmosphere. Use the simple supply and demand model to demonstrate that‚ in the absence of any regulation‚ this industry’s production will result in allocative inefficiency in the use of society’s resources. Externalities is cost or benefit from production or consumption of commodity that flow to external parties
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Inferential Statistics • Descriptive statistics (mainly for samples) • Our objective is to make a statement with reference to a parameter describing a population • Inferential statistics does this using a two-part process: • (1) Estimation (of a population parameter) • (2) Hypothesis testing Inferential Statistics • Estimation (of a population parameter) - The estimation part of the process calculates an estimate of the parameter from our sample (called a statistic)‚ as a kind of “guess” as to
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SOLTEQ® Equipment for Engineering Education & Research BERNOULLI’S THEOREM DEMONSTRATION MODEL: FM 24 HIS Bernoulli’s Theorem Demonstration (Model: FM 24) apparatus consists of a classical Venturi made of clear acrylic. A series of wall tappings allow measurement of the static pressure distribution along the converging duct‚ while a total head tube is provided to traverse along the centre line of the test section. These tappings are connected to a manometer bank incorporating a manifold with air
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My Triangle Congruence Project was drawn as the sun. With my math project and in different forms there are types of way to make sure that a triangle is congruent. Like ASA‚ AAS‚ and SAS. My project was made out of mostly scalene triangles‚ but also included some isosceles and right triangles. My project consisted a series of triangles that made my sun the best that it could possible be. My inspiration for drawing this actual came to me when I was outside and I am allergic to pollen‚ so I did some
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the zeros of the corresponding polynomial function. d. Explain the relationship between the remainder when a polynomial expression is divided by x − a‚ a∈ I ‚ and the value of the polynomial expression at x = a (remainder theorem). e. Explain and apply the factor theorem to express a polynomial expression as a product of factors. 2.3 Graph and analyze polynomial functions (limited to polynomial functions of degree ≤ 5 ). a. Identify the polynomial functions in a set of functions‚ and explain
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The Stoics and Socrates The question of the reality of the soul and its distinction from the body is among the most important problems of philosophy‚ for with it is bound up the doctrine of a future life. The soul may be defined as the ultimate internal principle by which we think‚ feel‚ and will‚ and by which our bodies are animated. The term "mind" usually denotes this principle as the subject of our conscious states‚ while "soul" denotes the source of our vegetative activities as well. If
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contribution of asset 2 We can also define an additive decomposition for 2 2 1 2 + 1212 2 2 + 1212 1 2 = + 2 2 + 1 1 1 2 12 = sd contribution of asset 1 2 2 2 + 12 12 2 = sd contribution of asset 2 Euler’s Theorem and Risk Decompositions • When we used to measure portfolio risk‚ we were able to easily derive an additive risk decomposition. • If
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of Katherines by John Green An Abundance of Katherines is a book about a guy named Colin who was dumped by 19 girls named Katherine. He went on a road trip with his friend Hassan to take his mind off the last Katherine and to prove a mathematical theorem he thinks that will predict the future of relationships (also help him to finally get a girl and stable relationship). The book is published in 2006‚ and in 2007 it won Michael L. Printz Award and received recognition as one of American Library Association’s
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File: GeomB 2011 Answers 8.10.11 No Calculators: Updated: August 10‚ 2011 A concave polygon looks sort of like a vertex has been ’pushed in’ towards the inside of the polygon. A convex polygon has all the vertices of the polygon pointing outwards‚ away from the interior of the shape. Think of it as a ’bulging’ polygon. A regular polygon is a polygon which is equiangular (all angles are congruent) and equilateral (all sides have the same length). Regular polygons may be convex or star. (5
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