Political Double Lives Essay Example | Topics and Well Written Essays - 500 words

Political Double Lives - Essay Example ugh the media was slow to react, the story became front-page news, occupying television and newspapers’ attentions for weeks until it slowly faded away (Harris). The case of Edwards’ mishap provides a paradigm case of the private life of a public figure being made public. In many ways, this case study is symptomatic of an entire piece of the population that hold public office. The question surrounds the issue of whether they should be allowed to have a private life or whether their private matters ought to be kept out of the limelight. Certainly, there is a case to be made for keeping politicians’ lives under constant scrutiny. Recently, Secretary of State Hillary Clinton came under fire for her husband’s presidential library acceptance of large donations from the royal family of Saudi Arabia (Solomon and Birnbaum). Concerned about a conflict of interest, media scrutiny resolved the issue and nothing wrong could be found. This is a paradigm case of private affairs being pertinent in a public matter for a politician. Nevertheless, we should not make politicians sacrifice themselves as human beings for the greater good of the public’s democracy. However, this debate does not require us to choose between extremes. As Tony Blair recently said, â€Å"Ministers should not be judged on their private lives unless their behavior affected the performance of their public duties† (Webster). That is, only in cases where there is a potential conflict of interests, such as in Clinton’s case, should politicians revoke the right to privacy. This dispute originates, for the most part, because of the democratic structure of most developed countries’ governments (BBC). Constituents expect of those they rightly elect to represent them to represent them in all ways, both in the policies they advocate for on the job and how they live their lives off the job. Given the enormous power the people vest in their elected officials, it seems only right, in the context of social

Econ ON OLIGOPOLY & SOME GAME THEORY IDEAS WITH OLIGOPOLY Assignment

Econ ON OLIGOPOLY & SOME GAME THEORY IDEAS WITH OLIGOPOLY - Assignment Example In the contestable market the evaluation of dealings among current firms and prospective entrants is investigated more critically. The market incumbents maintain an oligopoly through the determination of price levels in the market in their favor. Again the oligopoly is maintained by the government favor and creates a barrier for other firms from venturing in the market. 2) Suppose there are two firms operating in an oligopoly (termed a â€Å"duopoly†), where the firm 1 cost function is given by C1 = 18Q1, for C1 = total cost, and Q1 = firm 1 output. The cost function for firm 2 is given by C2 = 21Q2, and C2 = total cost of firm 2, and Q2 = output of firm 2. The inverse demand for the product, Q, being sold by the oligopolist firms is given by P = 127 – 3Q, where Q = Q1+ Q2, and Q1 and Q2 are the same product (vats of toxic solution for breaking down chemical components to be used in downstream plastic manufacture). Taking into the consideration the Cournot model in regard to the duopoly that is two firms where both firms concurrently decide a quantity to produce. Designating the quantity q1 as the amount produced by firm 1 and q2 as the corresponding amount produced by firm 2. Therefore the total quantity The firm production choices are strategic substitutes. That is, an increase in the amount produced by firm1 (holding fixed the underlying amount produced by the corresponding firm 2) will considerably lower the market price and thus resulting in lesser profits for firm 2. Thus, every firm ought to take into consideration the prevailing the production decisions of the other supplementary firm in the process of undertaking its individual production decision Firm 1 possess a marginal cost of production equivalent to c1 accompanied by firm 2 which possess a marginal cost of production equivalent to c2. The corresponding Nash equilibrium is computed through the employment tow