Introduction These notes essentially tie up a few loose ends in Lecture 8; in particular, I exhibit examples of inefficiencies in first- and second-price auctions. I would also like to briefly comment on Questions 1 and 2 in Problem Set 2 The first-price auction may be inefficient even with private values Both examples I am going to show are due to Eric Maskin(to the best of my knowledge) The first point I wish to make is that, even in a private-values setting, asymmetries may

1.1 System Fundamentals Definitions System: Definitions System- integrity of elements that form a certain structure internally and perform certain functions externally. L von Bertalanffy: System --set of interrelated elements

Note final ps For question 2(a)the value of k'in the final equation(Eq 3b) needs to be rescaled Tuesday lecture will be for questions on the last problem set Juan)

present discussion it is useful to distinguish among four crime different general approaches(three of which seek to reduce principally through the operations of the law enforcement criminal motivation), which are distinguished by their own and criminal justice systems. These \formal\ systems of set of objectives and techniques. These four approaches to rime pr enti control serve the dual purpose of deterring law-breaking crime prevention are:

Problem set 2 Micro Theory S. Wang Question 2. 1. You have just been asked to run a company that has two factories produc ing the same good and sells its output in a perfectly competitive market. The production

1. Producer Theory 1. Technology yi =input of good i, y =output of good i, i= yi-yi=net output, y yn) is a production plan Production possibility set Y=technologically feasible production plans yE Rn) y E Y is technologically efficient if there is no yE Y s.t. y>y

Choosing a Topic Start with a general area or set of questions Make sure you are interested in the topic Use on-line services such as EconLit to investigate past work on this topic Narrow down your topic to a specific question or issue to be investigated Work through the theoretical issue Economics 20-Prof. Anderson

THE RIGHTS OF THE EMBRYO AND THE FOETUS UNDER DUTCH Veelke derckx and Ewoud Hondius IV C3 Introduction In June 2001 the Dutch abortion ship belonging to the pressure group Women On Waves set sail for Ireland. The intention was to carry out abortions off the Irish coast. During the same(Northern Hem isphere)summer there were heated discussions taking place in many countries concerning the status of the em bryo and f gametes(reproductive cells). As a result President Bush decided to finance

Objectives In this chapter we will look at some general features of Britain and set the scene for the more detailed examination of particular aspects of life there which are dealt with in later chapters

Winds provide the energy to set the 1940 Tacoma Narrows Bridge motion Oscillations travel to the central span and reflected from support towers. By the principle of superposition the primary and reflected waves turn into a standing torsional wave