Innovation investment will increase if:
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Consider a hospital debating whether it should adopt advance…
Consider a hospital debating whether it should adopt advanced Electronic Medical Records (EMR) technology, or stay with its current setup. Adoption of advanced EMR will incur a short term cost, but is expected to improve future payoffs for the hospital. How can adoption of EMR technology improve hospital payoffs? “Hospitals … can better consolidate information through the digitalization of data, which helps health-care providers to store, retrieve, and examine these data more efficiently… help hospitals to improve health-care quality further by providing physicians with effective decision support and easy care coordination.” (Wang 2022 IER, “Competition and multilevel technology adoption”). Suppose the hospital is forecasting 4 years ahead. Its stream of profits from each decision is given below, where t = 0 denotes current year. t = 0 t = 1 t = 2 t = 3 t = 4 Current tech 5000 4000 3000 2000 500 Upgrade to advanced tech -3000 6000 5000 5000 4000 Let PDV denote “present discounted value”. The interest rate is 5%, so r = 0.05. What is the PDV from staying at current tech? [a1] What is the PDV from upgrading to advanced tech? [a2] Should the firm upgrade? (Type in “Yes” or “No”) [a3]
An acquisition of an up-and-coming biotech firm by a large p…
An acquisition of an up-and-coming biotech firm by a large pharmaceutical incumbent must be anticompetitive.
Consider a model of monopolistic competition where an incumb…
Consider a model of monopolistic competition where an incumbent has a constant marginal cost of MC. For this firm, the long-run equilibrium price P is such that P > MC.
Suppose an Electric Vehicle (EV) manufacturer acquires a bat…
Suppose an Electric Vehicle (EV) manufacturer acquires a battery producer. The battery is an input into EV production. This is an example of:
Consider a model of monopolistic competition. What happens t…
Consider a model of monopolistic competition. What happens to the residual demand curve of an incumbent firm as a new firm enters?
Fill in the correct form of the imperfect subjunctive and th…
Fill in the correct form of the imperfect subjunctive and the conditional. Modelo: Si aún viviera ese escritor, él nos diría quién es el autor. 1. Yo (tomar) [1] más viajes si (poder) [2] volver a vivir.2. Tú (divertirse) [3] más si (dar) [4] una vuelta en calsesita.3. Si (llover) [5] hoy yo (necesitar) [6] buscar mi paraguas.4. Él (contemplar) [7] el atardecer si (tener) [8] más tiempo. 5. Si (hacer) [9] calor nosotros (andar) [10] descalzos.6. Si ella (querer) [11] comer algo (pedir) [12] un helado en vez de habas.7. Tú no (tener) [13] tanto estrés si (relajarse) [14] más.8. Uds. (correr) [15] más riesgos si (escalar) [16] una montaña alta.9. Yo (jugar) [17] más si (ser) [18] posible cambiar mi vida más.
What subject matter is the focus of Jenny Saville’s work, in…
What subject matter is the focus of Jenny Saville’s work, including Rosetta 2?
What theme in contemporary art is unique to the last century…
What theme in contemporary art is unique to the last century?
Solve ( x + 9 ) ( x + 1 ) 2 ( x − 5 ) ≥ 0 {“version”:”1.1…
Solve ( x + 9 ) ( x + 1 ) 2 ( x − 5 ) ≥ 0 {“version”:”1.1″,”math”:”(x+9)(x+1)^2(x-5)\ge0″}