Law And Economics

Texts

Cooter, Robert and Thomas Ulen. 2011. Law and Economics. Sixth Edition. Boston: Pearson Addison Wesley  (Chapter 1-4)

Polinksky, A. Mitchell. 2011. An Introduction to Law and Economics. Fourth Edition. New York: Aspen Publishers.  (Chapters 1-2)

Posner, Richard A. 2007. Economic Analysis of Law. Seventh Edition. Boston: Little, Brown and Company.

(Chapter 1)

 

2.) Discuss the adverse impacts of monopoly upon market outcomes. Discuss the impact of government’s monopoly power over coercion.

6.) Suppose the local government determines that the price of food is too high and imposes a ceiling on the market price of food that is below the equilibrium price in that locality. Predict some of the consequences of the ceiling.

 

10.) Consider the right to smoke or to be free from smoke in the following situations:

1. smoking in a public area.

2. smoking in hotel rooms.

3. smoking in a private residence.

4. smoking on commercial airline flights.

In which situations do you think the transaction costs are so high that they

preclude private bargaining. In what cases are they low enough to allow private

bargains to occur? Explain your answer

 

 

 

 

14.)From an economic point of view, why is stare decisis an important rule of

decision making for the courts?

 

Each answer should include graphs if needed and be 125 words long 2-5 sentence. for tuesday February 11, 2014 before 6 pm eastern time.

Research one of the Emerging Technologies and Models described in the Integrated Electronic Health Records. Examples could include:
Patient Portals
Personal Health Records
Telemedicine
Patient-Centered Medical Homes
Evidenced-Based Medicine
An emerging technology approved by your instructor
Write a 1,050- to 1,400-word essay in which you describe the technology that you have selected. Answer the following in your essay:
What is this technology capable of?
How will this technology benefit the field of EHR?
Explain what this means in regards to EHR access for:
Consumers
Organizations
Employees
Cite all sources properly.

1.) Describe the use of nulls databases

 

Assignment: Problem # 3 from Chapter # 6.
Normalize a set of data to 3rd normal form by creating relational schemas, dependency diagrams
and an Entity Relationship Diagram (crow’s foot notation).
For this lab, complete problem # 3 in Chapter 6. Be sure to complete each letter (a thru d) for the
problem. The ERD for letter d must be completed with the use of Microsoft Visio. Attach all files to
a submission to the drop box for Lab # 03.
Notes:
(1) Relational schema is defined in section 4.1.2 in chapter 4 of the textbook.
(2) Dependency diagram is defined in section 6.3.1 in chapter 6 of the textbook.
(3) An example of a crow’s foot ERD can be found in chapter 4, figure 4.35.
(4) Microsoft Visio is available to you in VLABS or you may decide to obtain the software for
your own personal use. Microsoft Visio software is available free of charge through Penn
State’s membership in DREAMSPARK (formerly MSDNAA). If you are interested in obtaining
your own free copy of Visio, please refer to the file Dreamspark under Lesson 01:
Introduction Getting Started.
Problem 3:
3.3.    Using the INVOICE table structure shown in Table P6.3 do the following:
a.     Write the relational schema, draw its dependency diagram, and identify all dependencies, including all partial and transitive dependencies. You can assume the table does not contain repeating groups and that an invoice number references more than 1 product. (Hint: This table uses a composite primary keys.)
b.     Remove all partial dependencies, write the relational schema, and draw the new dependency diagrams. Identify the normal forms for each table structure you created.
c.     Remove all transitive dependencies, write the relational schema, and draw the new dependency diagrams. Also identify the normal forms for each table structure you created.
d.     Draw the Crow’s Foot ERD.

 

 

 

 

 

 

 

 

 

 

 

In this scenario, you will evaluate the Code of Ethics to determine if John Anderson has violated International Widgets’ Code of Ethics by engaging in business with a competitor.

 

Your role:

The human resources department worked with management to carefully craft a Code of Ethics. All employees received a copy of the code and were required to sign off stating that they had read the code and agreed to abide by its conditions. If an issue concerning an employee occurs, the human resources department investigates. As the assistant director of human resources, you are asked to evaluate an employee’s behavior. You meet with Gloria Smithson to obtain all information needed to begin your investigation.

 

KEY PLAYERS:

 

GLORIA SMITHSON

John has been employed by International Widgets for 14 months. He likes his job but was recently approached by a competitor with an offer he could not refuse. The competitor wanted to expand his domestic market and asked John to work with him for a few months. He asked that John provide him with the names and phone numbers of the customers he services. He said he didn’t want John to get into trouble with International Widgets so he would contact the customers and not John. However, he told John that for every customer who left International Widgets, John would receive a “1% payment from the customer’s first order.” John didn’t think he was doing anything wrong. He has two children in college and needs the extra money, plus he could continue to try to work with the customer to stay with International Widgets.

 

JANICE MARSHALL

Janice is the director of human resources at International Widgets. Recently, Janice met with Gloria to let her know of a rumor in the company that John was actually steering some of his accounts to a competitor because the competitor gave him a kickback.

 

JOHN ANDERSON

John has been employed by International Widgets for 14 months. He likes his job but was recently approached by a competitor with an offer he could not refuse. The competitor wanted to expand his domestic market and asked John to work with him for a few months. He asked that John provide him with the names and phone numbers of the customers he services. He said he didn’t want John to get into trouble with International Widgets so he would contact the customers and not John. However, he told John that for every customer who left International Widgets, John would receive a “1% payment from the customer’s first order.” John didn’t think he was doing anything wrong. He has two children in college and needs the extra money, plus he could continue to try to work with the customer to stay with International Widgets.

 

 

 

International Widgets Code of Ethics

 

Confidentiality

 

International Widgets is committed to maintaining the highest degree of integrity in all our dealings with potential, current, and past clients, both in terms of normal commercial confidentiality and the protection of all personal information received in the course of providing the business services concerned. We extend the same standards to all our customers, suppliers, and associates.

 

Ethics

 

We conduct business honestly and honorably and expect our clients and suppliers to do the same. We train our employees to be ethical and expect them to always act in the best interests of International Widgets.

 

Duty of Care

 

Our actions and advice will always conform to relevant law and we believe that all businesses, including International Widgets, should avoid causing any adverse effect on the human rights of people in the organizations we deal with, the local and wider environments, and the well-being of society at large.

 

Conflict of Interest

 

Employees of International Widgets must act exclusively for the benefit of International Widgets. Employees should avoid providing services to a direct competitor of International Widgets, or engage in any type of business relationship that is not in the best interests of International Widgets.

 

Our contract will usually be in the form of a detailed proposal, including aims, activities, costs, timescales, and deliverables. The quality of our service and the value of our support provide the only true basis for continuity. We always try to meet our clients’ contractual requirements, particularly for situations where an external funding provider requires more official parameters and controls.

 

Intellectual Property and Moral Rights

 

We retain the moral rights in, and ownership of, all intellectual property that we create unless agreed otherwise in advance with our clients. In return, we respect the moral and intellectual copyright vested in our clients’ intellectual property. Employees are not to use the intellectual property of International Widgets for any means other than the terms and conditions of their employment and to advance the interests of International Widgets.

 

Quality Assurance

 

We maintain the quality of what we do through constant ongoing review with our clients, of all aims, activities, outcomes, and the cost-effectiveness of every activity. We encourage regular review meetings and provide regular progress reports. This consultancy has been accredited under a number of quality assurance schemes. Further details are available on request.

 

Professional Conduct

 

We conduct all of our activities professionally and with integrity. We take great care to be completely objective in our judgment and any recommendations that we give, so that issues are never influenced by anything other than the best and proper interests of our clients.

 

Equality and Discrimination

 

 

We always strive to be fair and objective in our advice and actions and we are never influenced in our decisions, actions, or recommendations by issues of gender, race, creed, color, age, or personal disability.

 

 

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