Notes On Micro 2
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- Pages: 131
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............. 50 LeYl'loVls
to re-t! t \",
a,....ot onh,
lervlQtl$
get
sole(.0·
2. 7 000
111000 ,
/
Date:
\
&~e 1;
DnlL(
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low qualiht
~ ~
Low- q{,(ali~ rxociucu;J..
But It Costs" $ ll.bIJ
1'111.!1J
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----/ • I
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1
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ave- produced.
4':.11.50
h
\2
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vvflliM W PCt'"( 4r 11.50 ,-, The- hi~hev tt-u. ava~ q,ualih{, +4t bettev- off C0>'15L{Mer~ are, \tVIllifUj to pay MQfe,
t{"e- COVl1UAA€-Y'S' Me"
/
Date:
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tW- pa)(:!ucea earl cltloo££ 'Iv pr1?du u. a hi@h-q(,(ali, at cC'st -:; $.11.50. &.
If it be-haves eOMpeti+ive4(
=)
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prpcluu.
lt
low - quCt-Liiv(
(!onsu(IAer~ aft OYlllf w~'i"'j to
R.tblic GoodS
ExtemClli tiU.
-;:;.')
it VluS
pay 4; g tor a low- qut<-(i!y
~
2-) l-+iolcttr1 ActioYl
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produCtV' \;VClV1t to ?pdul,.(. on/I-(
(g,rll£e.- it-I?elieve wt
k"'
/
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vm
q, 11.
low
SMtili
q~aliht
effee-t
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Adverse Selection
- hicWeV\
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.
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work 0-+ home..
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Perfect TVlfo
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eac"Vl
=-
crzs -rUhnolo
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Date:
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l
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Pate-to opthvw.i ;-:111 : All wo...-kers t"/ e € [V', G] ghou.!01 be eMpioye.d. '.I:'VI.eq,u,llikJ'u(V1) <2i1~e{ +'00 (V1[l1'1¥ !-'roo few peop«- Ore. e(\lipli?lfe.(~ at- fj,()v1.!> l]IYlU
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Date:
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e w
Ut'1iqve. gpNe
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competitive
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go{lAtion~ it> Mv~rre ~~1 el.!.- '-ti- '-·o-=-n- '-P=- - r 7. : :. . : . .bl=e- '-M.:.:. -~"_\~" 1.') "5; Y'lClli
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veMO~S
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Date:
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cost of obWiVl;t19 i3tilCA (eve-! ~ fOY
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decreus l
IV1
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Date:
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C;
/
/
Se.pam.ti()8 E4tAili~v1lA(VJ -') is. an equ-,rlbviufYI
l-M
"II')
tJAiclt\ diffe(eV\r- i\tpes of' workers Clttoos.e.
e·U;l) -= worker'S equilibriuM eetlA. tVtoiu as lA funC-h·oYl of' hey type. w'"'Cf,) =
~i(fYlS' eq,LAHi b¥i\A/Yl vv~ offer
1V\
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as
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Date:
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jA-{e) ;:::.
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SI'i1(.R.. edlA is costh-t, low- Ctb·,li~. \Alc>vkev IS bettev C\r)o~\n8
Y10
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,
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9-':} Date:
2'1- / '3 /
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fnforMQ:nve g, Tt sepa~te-c ttu. 2
The fiJtl\ In£, equilib.1UNl Paretv-oloil'1"lfll1te-S aU
tv pes .
th.£.-
gepa~ti(1fl equ'rlib-J'tt
to) The VlO-Si~YlcJ. e~U'd;'offWV1 tCM also PClf'e-to-cto(VIi{\a,te~ eOl'Vle of
'V)
Sau-l\i~tiutV\
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r
------, e~(eH) 6 (e., e.) -
-
-
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Date:
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w
he t1N..
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tv @et useless
of' hi5V\~Qb'd"t'l'
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eO.l.ttO..-hon SiMpllf
tv Si9Y1Ct\
=t-1 Date:
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fa Date:
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7
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Date:
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Date:
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1'3 / 02/
Date:
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aP, 1. dX..
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t=ollOW~V19 --:J
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CapaC-iN Fi(~t
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~~clrl hrNl CVtoo~eg its prvclucHoYl Capacity;
Yi
I
Date:
, (j)
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COUuSiOV\
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Proof.., 7
No one
WOVlt
in
011«1
CN(14,,~
profit at Carrels ~oLutloVJ y*'
to c,ltleCt t / dJ.,viCde....
. .
Date:
o
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Date:
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= i-Period.. pmf1t of fi(m i
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_
Date:
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gp~
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'\he, basic idee< of (s{,!0e,J&llVle Perfect) pLAniSVlfY1eVlt t;;trut~j€6 Carl be.. ex'tevl/;led
7
V) CoopemhOVl IS not pCtr't of GPE 'l~epeC<1'eet (3-OlNl€.,
•
Date:
.
I
I
I
~ 10ut
If info aioolA-t qucJit\.[ is c06"tllf tv
2if / "3 / (jq
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saMe
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/
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............. 50 LeYl'loVls
to re-t! t \",
a,....ot onh,
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get
sole(.0·
2. 7 000
111000 ,
/
Date:
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DnlL(
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low qualiht
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But It Costs" $ ll.bIJ
1'111.!1J
/
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1
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ave- produced.
4':.11.50
h
\2
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t{"e- COVl1UAA€-Y'S' Me"
/
Date:
quPP(}~,
/
tW- pa)(:!ucea earl cltloo££ 'Iv pr1?du u. a hi@h-q(,(ali, at cC'st -:; $.11.50. &.
If it be-haves eOMpeti+ive4(
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lt
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R.tblic GoodS
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it VluS
pay 4; g tor a low- qut<-(i!y
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k"'
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vm
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low
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effee-t
/
Date: .(t,ifl.i1e.w
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Adverse Selection
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.
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Date:
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10
Date:
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e w
Ut'1iqve. gpNe
;:::; the hiG~est
.
competitive
equ'dibYilANl
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Date:
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types
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Date:
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Se.pam.ti()8 E4tAili~v1lA(VJ -') is. an equ-,rlbviufYI
l-M
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tJAiclt\ diffe(eV\r- i\tpes of' workers Clttoos.e.
e·U;l) -= worker'S equilibriuM eetlA. tVtoiu as lA funC-h·oYl of' hey type. w'"'Cf,) =
~i(fYlS' eq,LAHi b¥i\A/Yl vv~ offer
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Date:
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SI'i1(.R.. edlA is costh-t, low- Ctb·,li~. \Alc>vkev IS bettev C\r)o~\n8
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fnforMQ:nve g, Tt sepa~te-c ttu. 2
The fiJtl\ In£, equilib.1UNl Paretv-oloil'1"lfll1te-S aU
tv pes .
th.£.-
gepa~ti(1fl equ'rlib-J'tt
to) The VlO-Si~YlcJ. e~U'd;'offWV1 tCM also PClf'e-to-cto(VIi{\a,te~ eOl'Vle of
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r
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Date:
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he t1N..
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l-/'e wolAAcJ. ~t ~+r.
tv @et useless
of' hi5V\~Qb'd"t'l'
_
eO.l.ttO..-hon SiMpllf
tv Si9Y1Ct\
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7
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Date:
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we C~n rule out all dom\no:tecl gepClmfi113 eqtAiliW~
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(~ type
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there. e)(ists
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e St,tc'" itJo.... 6L worket" \rill I .be. MG\etL wofSe, off
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"
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Date:
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~ RrlVl'S Owi1eV-- tannot ob,~YVe title (VlCd\%el"'?S' CU>/10Vl eMotu- (befOre COl1W.et) ~ Q;<
TV1SU~(\c..£. compct(\~ ltvVlO 1,tv'111 tOlYlple.-te-lV (e~lY1l:n.tne~ 4{/v inolivie(<
cAepeVlOit'l@ On fue cLtJoiu tltleH've,
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tVlM lnfll,lulc£' t£.u.- pph of d.DiVI~.
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roo litHe CCffe wi) I be- Taken Icy cuSfvMef$.
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- 'IVI..t fflS'\,(\Clnc.,e.. eO(VIpCn1i~~ lNould b~ wiJlirtg tv provioU..
If -tVu
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COYlt!()ue-c{
tv ~k.t. tw saMe th"'~
+rAke.. less Ca'(e.
MOle.
inSurtt l1U
0; eti"e .. ,
Date:
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3»
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1
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0\::1 se'CVo.bl e o.;\" the eYld of t'h.e
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g·lD.(t-1Y-OM
F (To I e.)
/
/
Date:
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low 'it
with ~tyjc:t i nettVllli-ht
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v
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view) > 0
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G\ccept the. wovk
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of e
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effod is" observli l?1e..,
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1() ~
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The e.ol'1stmi rtt alwtAl.fS biflols at
i'i-,e,. 8oluhoY\ .
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-
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Date:
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qh Date:
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optiMal Conttnct lAMeV\ Sffov't is not Obsevvable,. 0
n
q,ubje.c,t to
j\{IV)
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