Review_Sheet_for_Final_Exam_Spring_2007

Review_Sheet_for_Final_Exam_Spring_2007 - Review for Final...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Review for Final Exam (This sheet covers just new material since Prelim 2) Definitions (know concepts and formulas when relevant) Best response Dominant strategy Strategic Behavior Simultaneous vs. Sequential Entry Residual demand curve Credible threats Marginal Revenue Product of Labor (MRPL) Monopsony Vertical integration Durable goods Non-durable goods Interest rate Discount rate Present value Future value Net present value Subjective probability Mutually exclusive Expected value Variation Risk averse (risk neutral, risk loving) Risk premium Diversification Actuarially fair insurance Law of large numbers Hedging Winner’s Curse Externality Private vs. social costs and benefits Pigouvian tax Coase Theorem Public Good Tragedy of the Commons Free-riding Asymmetric information Adverse selection Lemons markets Moral hazard Screening Signalling Principal-agent problem Fixed-fee contract Hire contract Contingent contract Incentive compatible Concepts Strategy
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern