Managerial Economics and Strategy, 2/e

D

• Dead-hand, takeover defense, 215

• Deadweight loss (DWL)

  • effects of government intervention in competitive market, 270

  • impact on total surplus, 267–268

  • of monopolies, 294–297

  • price cap eliminating, 548

  • regulation of natural gas and, 551–553

  • sales causing, 317

• Decision making

  • by managers, 2–3

  • marginal decision making, 203

  • by other decision makers, 3

• Decision making, under uncertainty

  • behavioral economics and, 497

  • biased assessment of probabilities, 497–498

  • BP risk and limited liability in Gulf episode, 471–472

  • diversification in risk reduction, 488–490

  • expected utility, 478–479

  • expected value, 475–476

  • information in risk reduction, 486–487

  • insurance for risk reduction, 491–494

  • overview of, 472–473

  • probability of risk, 474–475

  • prospect theory, ...