- BP and Gulf Oil Spill
- GM and faulty ignitions
- Performance Enhancing Drugs and Pro Athletes
- Exxon and Global Warming
- StarKist (see previous post)
- Procurement Example I did in class - WebCT Vista and Illiniois Compass
- New President of U Iowa falsifying his resume
- Concealed emails on Salaita matter
- Black Sox Scandal
- Bernie Madoff
Lack of alternative suppliers - local monopoly
- Drug prices for patented drugs particularly those that treat life threatening illness.
- Strikes, such as by teacher unions
- Cost overruns and project delays among defense contractors
Lack of alternative buyers - local monopsony
- Amazon - employees put in extremely long hours and are very competitive with one another.
- Walmart - pays employees little, poor benefits.
- Apple Computers - squeezes parts suppliers.
Coordination Problems
Pure Coordination
- Technology Services (Campus) provides Illinois Compass. ATLAS (LAS) provides Moodle.
- MLB - American League has the designated hitter. National League has the pitcher bat.
- Statistics taught on campus - from the Stat Department or the Academic Department.
- Macs or Windows computers in the workplace (and in the classroom).
- Databases - Oracle or SQL (Microsoft)
Prisoner's Dilemma
- How Markets Fail by John Cassidy - Do banks pursue a strategy of making only safe loans at low interest rates or pursue a strategy of also making risky loans at high interest rates?
- The Ratings Agencies - Standard and Poors, Moodys - can they deliver low ratings to companies that pay them for their ratings?
- Grade Inflation
- Doctors ordering unnecessary procedures to self-insure again malpractice. (This one also has an element of pure coordination in it, in that really sick patients see multiple doctors who don't necessarily communicate with one another.)
No comments:
Post a Comment