Illustrate what was the main criticism of the present texas, Ask an Expert

Economics

Q1. In deciding to park in an illegal place, any individual knows to the probability of getting a ticket is p also to the fine for receiving the ticket is f. Assume to all individuals are risk averse (to is, U''(W)<0, where W is the individuals' wealth).Will a proportional rise in the probability of being caught or a proportional rise in the fine be a more effective deterrent to illegal parking?

Q2. Illustrate what was the main criticism of the present Texas constitution behind the Ratliff-Junell proposal for a latest constitution?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9169924

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