Economics of Public Issues (20th Edition) (The Pearson Series in Economics)
20th Edition
ISBN: 9780134531984
Author: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
Publisher: PEARSON
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Chapter 15, Problem 2DQ
In a sense, all transactions in all markets are two-sided. What is the difference between traditional two-sided markets and modem platform-based, two-sided markets? (Hint: How does Amazon differ from your neighborhood Wal-Mart?)
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An actuary analyzes a company’s annual personal auto claims, M and annual commercialauto claims, N . The analysis reveals that V ar(M ) = 1600, V ar(N ) = 900, and thecorrelation between M and N is ρ = 0.64. Compute V ar(M + N ).
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Economics of Public Issues (20th Edition) (The Pearson Series in Economics)
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