com/locate/econbase Efficient black markets? Carl Davidson a‚b ‚ Lawrence Martin a ‚ John Douglas Wilson a‚⁎ a Department of Economics‚ Marshall-Adams Hall‚ Michigan State University‚ East Lansing‚ MI 48824‚ United States b GEP‚ University of Nottingham‚ United Kingdom Received 17 May 2005; received in revised form 9 October 2006; accepted 23 October 2006 Available online 3 February 2007 Abstract This paper investigates analytically the welfare effects of black-market activities that firms undertake
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were copied all over the western world by other countries. The Auburn system (also known as the New York System) evolved during the 1820s at the Auburn Prison in Auburn‚ New York. The Auburn system had two characteristics that were unique to the system of disciplinary conditions. Characteristic one of the Auburn system was the silent
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Economics for Managerial Decision Making: Market Structure Introduction As legend and reality have it‚ Steve Jobs and Steve Wozniak started Apple Computer in a garage in Cupertino‚ Calif.‚ in 1976. From those humble beginnings‚ and through extreme market swings‚ Apple Inc. has become the most valuable company in the world. “Given the company’s unbelievable innovation over the last few years‚ and the subsequent mountains of cash that it has earned as a result‚ the likely catalyst for the stock
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Four characteristics of “Indigenous” religions are that they must maintain and restore harmony‚ are members of a larger spiritual family‚ pattern all life‚ and sense a place within the rhythms of life. An important fundamental in most traditional indigenous worldview focuses heavily on maintaining equilibrium with spiritual beings and forces and restoring that balance when it is lost. Although indigenous religions speak of an existence after the present life‚ it is not often thought of as the ultimate
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My overall leadership characteristics have grown over the last few years. In my opinion‚ I have more strengths than weakness. However‚ I still have many areas that require improvement‚ particularly my leadership skills. When I became a Hospice Director of Nursing‚ there was no one to train me for the position. However‚ over the last two years under the direction of a new Executive Director (ED)‚ my leadership skills and knowledge have grown. My current management style is co-leadership with
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What is Velvet Made Of Though velvet is always soft (remember the word ‘velvety’?)‚ the way it drapes and behaves depends much on the composition. Here’s a summary table of plain velvet and its common characteristics: 100% silk velvet fabric is quite a luxury and costs much more than other types of velvet. To make it more affordable‚ velvet producers often combine silk and rayon‚ or viscose. What you get in the end is a very flowy‚ soft and reflective fabric ideal for red carpet looks. Cotton velvet
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both Henry IV and Louis XIV‚ France obtained an absolutist government‚ which the majority of citizens supported. Henry IV was more so a compromiser compared to Louis XIV who was at war the majority of his reign. King Henry IV clashes with the characteristics of King Louis XIV as a result. King Henry IV’s reign differed from that of King Louis XIV’s in militaristic‚ economic‚ and religious aspects. During his reign‚ Henry IV only fought two wars. Conquering the war of the three Henrys‚ thus enthroning
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Essay two ‘Use extended examples to compare and contrast the characteristics of a growing and a mature product market. Regardless of the value of every product‚ they all progress through a product life cycle. The phase starts with the introduction of the product and gradually moves to growth‚ maturity and finally be replaced by new improved products or naturally decline. Each of these stages of product life cycle requires a different marketing mix and research. The life of a product is the period
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maintain the level of market shares they own in different market segments. Our analysis of Best Buy was to review the current operational structure and determine whether their management structure needs improvement. Our conclusion after reviewing different levels of management in Best Buy’s organizational structure is that Best Buy must stick its strategy. They have transformed their structure in a way that they can expect and align optimum levels of productivity from each management level. They
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uk/news/business-12935228. Last accessed: April 27th 2014. Economist (Sep 14th 2013). British banks: Cracking the oligopoly. Available: http://www.economist.com/news/britain/21586332-new-competitor-offers-hope-shake-up-british-banking-cracking-oligopoly. Last accessed: April 27th 2014. Gallu‚ J. et al. (July 3rd 2012). The Libor Scandal Claims Its First CEO. In: BloombergBusinessweek. Markets & Finance. Available: http://www.businessweek.com/articles/2012-07-03/the-libor-scandal-claims-its-first-ceo.
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