Category: Economics

Finding from data

I need to expand my chapter “Finding” and which was attached.
Another attachment “Formalization” was the previous chapter and which was for your reference.

There are a few things that I want to finish in my chapter “Finding”:
1. Smooth the article – it too many things and data was in a mess, please assist to tidy up.

2. Regression Statistics –  explain more detail regarding the regression statistics.

3. Explain the hotels’ price was related – try to explain more why they are related (Even though regression model showed)

4. In the chapter “Formalization”, I found “When the cost of the hotel is small, the occupancy rate of the hotel will increase and the hotel price will decrease.” But the data showed in “Finding” was not match the result, please explain it.

**You can adjust my words but try not to delete unless it was not smooth.

Information as below:

Request question:
Is there any kind of strategic behaviour that may exist in the gaming and hospitality oligopoly of Macau?

Abstract
Together, the six casino concession holders, SJM, MGM China, Sands China, Wynn Macau, Galaxy Entertainment, and Melco Resorts, form an oligopoly that dominates the gaming and hospitality industry of Macau. The oligopoly operates integrated resorts that provide both gaming and hotel services. The interdependence among oligopolists should be prominent. Therefore, the main purpose of this study is to examine the kind of the strategic behaviour that may exist in the gaming and hospitality oligopoly of Macau. Firstly, to analyze the production strategies in the gaming industry, this dissertation will analyze the gaming revenue and the number of gamblers to find out the interactive production patterns of the six operators. Secondly, I will explore the hotel room pricing strategies of the six operators. Competitive pricing patterns may be obtained from the time series of the latest hotel room prices.

For the purposes of this dissertation, quantitative analyses will be conducted based on secondary data. The major data sources include the Visitor Expenditure Survey, Travel Agencies Survey, Hotel, and Similar Establishments Survey and Gaming Sector Survey of the DSEC (Statistics and Census Bureau of Macau), as well as renowned hotel booking sites such as Hotel.com and Trivago.

Please use the below keywords in the paper.
Key Words: six casino concession holders, oligopoly, dominates, integrated resorts, interdependence, strategic behaviour, gaming and hospitality oligopoly, interactive production patterns, pricing strategies, Competitive pricing, quantitative, secondary data.

ECO 333 DBQ #9

Respond to both questions

1. What are your Takeways from the economic issues discussed in the  UNSDSN eConference Economics of the Coronavirus?

2. What are your Takeaways from the relationship of the destruction of habitat and climate change and infectious disease, epidemics and pandemics?

Economics

Question 1:

Your company is considering the purchase of a second-hand scanning microscope at a cost of $10,500, with an estimated salvage value of $500 and a projected useful life of four years.

Determine the straight-line (SL), and double declining balance (DDB) depreciation schedules for year 1 to 4.

Question 2: Find attached questions

Please prepare and submit your solutions to questions of the case available at the end of chapter 5 “Vegetron’s CFO calls again”. Consider data from section 5.1 and additional instructions from pages 130 and 131 to answer questions 1) and 2). Within the latter, elaborate on your recommendations to opt for high or low temperature processes, based on your calculations of each option’s NPV and internal rate of return and any other selection criteria you consider applicable.

Case study

Personal thought is important and must be based on the case I uploaded.Answer the point of questions. See the requirements that I uploaded. Need to answer point by point that I put a sample on the doc. Also, no need Exotic resources and reference. Just answer the question BASED ON THE CASE.Thank you !

Impediments to Economic Development

Discuss the contention that caste systems and patriarchal social systems are far more significant than poor natural resource endowments and corruption as impediments to economic development.
Your answer should be typed in double-line spacing and should not exceed 1600 words (references included). Avoid using extensive quotations from any of your sources. Apply theoretical perspectives from the course but also support your arguments with appropriate evidence.

Criteria & Marking:
Marks will be awarded for:
(i)  Evidence of the extent of relevant reading that has been undertaken, both in terms of breadth and depth, especially from the scholarly literate rather than merely referring to media reports and sources that have not been peer-reviewed (8 marks);
(ii)  Insight, critical thinking and creativity evident in applying theoretical perspectives to the topic (8 marks) ;
(iii)  Quality of writing (2 marks);
(iv)  Accuracy and consistency of referencing (2 marks). (It is recommended that you put your reference list together using EndNote and use the default APA format.)

I’ve attached some lecture handout for you, there are some theoretical perspectives you gonna apply in this essay and also a textbook you may find it useful.

experiment report

For this report use the file from our private value auction experiment.
I need an experiment report for it.
I have some example report for other games, please follow the similar structure those sample report.
I need you remind how to play the game and point out some specific experiment economic theory, like Nash equilibrium.
I have data collect and graphs for you.

– a scatter diagram graph (for the first treatment) that has the private value of the player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis for each player in each round. Also you should draw a line that represents the theoretical prediction.
– a scatter diagram graph (for the second treatment) that has the private value of the player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis for each player in each round. Also you should draw a line that represents the theoretical prediction. (similar to the previous one but for treatment two)
– a scatter diagram graph (for the second treatment) that has the private value of the /player on horizontal axis and her/his bid value (for that particular private value) on the vertical axis only for the last 5 rounds. Also you should draw a line that represents the theoretical prediction.

Across the United States, government officials have threatened to prosecute sellers they deem to be taking advantage of, i.e., price gouging, consumers who are preparing to be quarantined as a result of the COVID-19 pandemic.

Across the United States, government officials have threatened to prosecute sellers they deem to be taking advantage of, i.e., price gouging, consumers who are preparing to be quarantined as a result of the COVID-19 pandemic.
1. Is it true that sellers are taking advantage of consumers by charging higher prices?
(Hint: if sellers are responsible for the currently higher prices, why dont they charge higher prices during normal times?)
2. Will preventing price increases lower the cost of acquiring the goods, whose prices are prevented by law from rising?
3. What other forms of competition do you think will become relevant if prices are kept below their market-clearing levels?
4. Compare and contrast the effects of non-monetary and monetary competition on consumer and producer surplus.
(Hint: how do different forms of competition affect the gains from trade?)
5. Finally, assume that due to quarantining, the supply of goods is fixed, i.e., price has no effect on the quantity available. In this case, does letting the price increase serve a useful function?

Instructions: Write a 500 to 750 word, double-spaced essay that addresses these questions. Your analysis must be solely scientific in nature; Im not interested in your opinion about whether sellers charging higher prices is ethical or whether you support price-gouging laws. Indeed, if your essay includes this sort of commentary, you will not receive full credit. Your analysis must also make use of the economic principles we discussed in class. Everything you need to know to answer these questions can be found in the chapters we covered from either Mankiws Principles of Microeconomics or McGuigans Managerial Economics. Please do not feel compelled to use complex terminology or jargon. Graphs are also unnecessary, although I do encourage you to use a diagram to help you structure your analysis when you first get started. Examples of recent issues to from business publications (The Wall Street Journal, Bloomberg, etc.) may be useful to your analysis. Those sources should be property attributed either in the text or as a bibliography. Imagine yourself talking to a relative, who had never had a course in economics. The best papers are those that would be clearly intelligible to such a person.

Additional Details: To receive full credit, you should begin working on this essay immediately. The key to writing a good essay is rewriting, rewriting, and rewriting again, which can take a long time. In addition to the quality of your arguments, I will be evaluating your paper on style, grammar, spelling, etc. In other words, if you wait until the last minute to complete the assignment, its unlikely that youll receive full credit. Im happy to provide feedback on earlier drafts, so please do not hesitate to send me your work well before the due date in order to guarantee that you have time to incorporate my comments.

Any topic (writer’s choice)

you are expected to choose your own topic (US children obesity )and write a policy proposal that compares and contrasts economic models to explain behaviour (behavioral economics and rational choice), explain the resulting outcomes, make policy recommendations that are guided by economic principles and propose an appropriate method for conducting economic analysis.

Description of Data Sources and Assessment of Data

The  write-up should  describe the variables: the agency which produces the data, the year of the data, and more specific definitions of the data (for example,  educational attainment is defined  as the  share  of persons age 25+ who have earned a Bachelor’s  degree  or higher). The write-up should  also comment on the  summary statistics. For example, do the minimum and maximum  values for the variables seem reasonable or extreme? Are the mean values of the variables  large  relative to the standard deviations? The write-up might also comment on the region of  the country where the 60 to 80 metropolitan areas are located.

Description of Data Sources and Assessment of Data

The  write-up should  describe the variables: the agency which produces the data, the year of the data, and more specific definitions of the data (for example,  educational attainment is defined  as the  share  of persons age 25+ who have earned a Bachelor’s  degree  or higher). The write-up should  also comment on the  summary statistics. For example, do the minimum and maximum  values for the variables seem reasonable or extreme? Are the mean values of the variables  large  relative to the standard deviations? The write-up might also comment on the region of  the country where the 60 to 80 metropolitan areas are located.

the data is attached down : for sorounding area near the metropolitan area (new York )