Inmаtes whо pаrticipаted in vоcatiоnal/educational trainings in prison were less likely to reoffend.
I оwn sоme lаnd in Pоrtаge, Wisconsin, neаr the train station. The local government wants to build a public park there, to encourage train passengers to spend more time (and money) in Portage. The government sees the value of this project as $500,000. The market value of my land is $300,000, but given my fond memories of the area, my subjective value for it is $750,000. Is it efficient for the government to acquire my land and build a park? If the government tried to buy my land via voluntary negotiations, what would happen? Knowing the government is likely to seize the land via eminent domain, I agree to sell it to my neighbor, who’s always wanted my land, for $450,000. After we agree to a deal but before the sale goes through, he learns about the government’s plan to build a park there. C. Would my sale of the property unite knowledge and control? D. Another argument for enforcing contracts signed under unilateral mistake is that it gives people an incentive to acquire information. Is the information I had about the government’s plans productive or redistributive? Does that argue for or against enforcing the sale? My neighbor manages to get out of the deal, and the local government notifies me it intends to seize my property. I point out there’s another property nearby whose owner values it at the market value of $400,000, and they could acquire that land and build the park there; they argue they don’t want to spend the extra money. I offer to pay them not to acquire my land. E. If a representative of the local government and I negotiate over whether they seize my land to build the park, what is my threat point? What is the government’s threat point? What are the gains from cooperation if they agree to build the park on the other piece of land? If we agreed to split the gain evenly, how much would I have to pay them to leave my land alone?
One Spring, I hire а lоcаl crаftswоman, Julia, tо make me a beautiful, hand-carved wooden stand-up paddleboard. We agree on a price of $900, which I’ll pay when I receive it. The paddleboard will be worth $1700 to me. Before she is done making it, however, her woodworking tools get stolen out of her Jeep, and she tells me she’ll be unable to complete it. When we agreed to the contract, another local craftsman was offering to make me a smaller paddleboard for $750, which I would have valued at $1300; this late in the season, however, nobody is offering a paddleboard I’m interested in buying. Calculate expectation damages. Calculate opportunity cost damages. Julia argues she shouldn’t owe damages, because performance became impossible. Who do you think was the efficient bearer of the risk that her tools get stolen? Why? Based on that, should Julia owe me damages or not? Julia could have moved her tools out of her Jeep and into her house each night, to make it less likely they’d get stolen, but that would have required more space in her house and more effort each day. Would moving her tools inside overnight have been a reliance investment, an investment in performance, or a penalty default? Which remedy for breach – expectation damages, opportunity cost damages, or no damages – would have given Julia exactly efficient incentives for actions like moving her tools indoors overnight? After signing the contract with Julia, in anticipation of receiving the paddleboard, I paid another local artist $500 for a beautiful wooden paddle that would match the paddleboard; this would increase my value for the paddleboard from $1700 to $2800, but it would be worthless in the event I bought a different paddleboard. F. How would you determine whether my investment in this paddle was efficient? (What would you need to know, and how would you use that information?) G. To create an incentive for the efficient level of investments like this, should they increase the damages I’m entitled to if Julia fails to deliver the paddleboard, or should the damages stay the same?
Whаt is yоur instructоr's fаvоrite color? This informаtion was provided in an email on the first day of the term. This answer will be manually graded in order to determine that you understand how to do a proper room scan and webcam side view set up. Once those are done properly, you will receive the points for this question and pass this quiz, allowing you to take future quizzes.