Anna Hardy - Lucie Lambert - Manon Lauzet - Thomas Jouvel - Chloé Gilles EXERCICE IN NEGOCIATION ANALYSIS EXERCISE ON BATNAS‚ RESERVATION PRICES‚ AND ZOPAS A PRIMER ON BATNAS‚ RESERVATION PRICES‚ AND ZOPAS This introduction talks about Negotiation concepts. BATNA (Best Alternative to Negotiated Agreement) is the last proposal that a person can do before exiting the negotiation. You have to prepare your BATNA before the negotiation to keep in mind what is your alternative solution if the agreement
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welfare maximization. It will then discuss the relationship between competitive market and Pareto efficient before explaining the implication from the first and the second welfare theorem. It will then talk about equity issue arise from the topic and social welfare functions. Finally‚ the essay will conclude that being at a competitive equilibrium does not equal to social welfare maximization. Efficient‚ Equity and Social Optimum To start with‚ there are two conditions to maximize a society’s welfare---
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Discuss: “The concept of efficient diversification implies that for an investor wishing to efficiently assume risk in their portfolio; the risky part of the portfolio should consist of weighted proportions of all possible risky assets.” Abstract: Minimizing investor’s portfolio risk was a dominant goal influencing decision making of investment. The effective method of reducing risks was to efficient diversifying the portfolio. The author’s purpose in this article was to share thoughts and concerns
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Full Title: Weak-form Efficient Market Hypothesis‚ Behavioural Finance and Episodic Transient Dependencies: The Case of the Kuala Lumpur Stock Exchange Kian-Ping Lima‚ Venus Khim-Sen Liewb and Hock-Tsen Wongc a Authors: Affiliation: b c Labuan School of International Business and Finance Universiti Malaysia Sabah P.O.Box 80594 87015 W.P. Labuan‚ Malaysia Department of Economics Faculty of Economics and Management Universiti Putra Malaysia 43400 UPM Serdang Selangor‚ Malaysia School
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minimum efficient scale (MES)The minimum efficient scale (MES) is the output for a business in the long run where the internal economies of scale have been fully exploited. It corresponds to the lowest point on the long run average total cost curve and is also known as the output of long run productive efficiency. The MES is rarely a single output - more likely it is a range of output levels where average cost is minimized where the firm achieves constant returns to scale. The MES will vary from
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BUILDING & ESTATE DEVELOPERS‚ LANDSCAPING & CONCRETE PRODUCT PRODUCERS BANKERS: DANGME RURAL BANK‚ PRAMPRAM P. O. BOX SK. 177 UNITED BANK FOR AFRICA‚ TEMA SAKUMONO-TEMA TEL: +233(0)24-3277194 +233(0)24-2163699 OUR REF.: …..………………… YOUR REF.: …………………… DATE:
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Chapter (1) Definition of Quality: The quality of a product (article or service) is its ability to satisfy or exceed customers’ needs and expectations. “Bergman and Klefsjö” Customers are: those we want to produce value/s to. Quality Dimensions: 8-Quality dimensions of a good: (Pressed Factory) 1- Performance: such as speed‚ capacity‚ useful life‚ size. 2- Reliability: Is a measure of how often problems occur and how serious they are. 3- Environmental Impact: A measure
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ILM Unit M3.01 – Problem Solving Machine Productivity Background The organisation that I’m employed with is a world leader in the paper & packaging industry. The company specialises in manufacturing paper-based packaging‚ with a network of paper‚ recycling and forestry operations. It is an integrated producer‚ with packaging plants sourcing the major part of their raw material requirements from the company’s own paper mills. In turn‚ the sourcing of recovered fibre and wood for the mills is
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sex‚ age‚ race‚ religion and wealth‚ Islamic economics does not seek to abolish private property‚ a practice done by communism‚ nor does it prevent individuals from serving their self-interest. It recognizes the role of the market forces in the efficient allocation of resources. It seeks to promote brotherhood‚ socio-economic justice and well-being of all through an integrated role of moral values‚ market mechanism and good governance. The differences between conventional and Islamic economics are
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3. Describe what Pareto efficiency is and why economists use this criterion for comparing alternative economic systems. Use a graphic display in this essay. The term is named for an Italian economist‚ Vilfreo Pareto. A central concept in economics is Pareto efficiency. A situation is said to be Pareto efficient if there is no way to rearrange things to make at least one person better off without making anyone worse off. What makes Pareto efficiency important is that almost everyone would agree that
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