Proposition 1 definition

Proposition 1 means City of SeaTac Proposition 1, codified at Ch. 7.45 SMC.

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Proposition 1 or “Prop 1” means Assembly Bill 1471, Rendon.

Proposition 1. With quantity competition and uncertain firm specific cost or demand intercept, a firm unilaterally chooses to share information if and only if B ≤ δ2(8−δ2)/12. A firm’s profit is greater when both share information than when neither share if and only if B ≤ δ2(12−δ2)/3(4+δ2). Proof: From (1) and (2), firm a’s expected profit when they both do not share less its expected profit when only firm a shares, is increasing in B, and equals zero at B = δ2(8−δ2)/12. From (3) and (4), the same is true for firm a’s expected profit when only it does not share less its expected profit when they both share. For the second part, from (2) and (3), firm a’s expected profit when they both do not share less its expected profit when they both share, is increasing in B and equals at B = δ2(12−δ2)/3(4+δ2).// 14 There are two effects that arise from a firm sharing its information. On one hand, the union can exploit the information to the firm’s detriment. On the other hand, the information being shared with the rival creates a benefit. In the environment here, the gain from sharing is greater than the loss from the union learning, if the union is sufficiently weak or the products are sufficiently undifferentiated. It is interesting to contrast these results to those found in Li (2002) who assumes that the union has all of the pricing power and the products are perfect substitutes (equivalent to B = 1 and δ=1). In contrast to the result here, ▇▇ (2002) finds that the firm’s dominant strategy is to share information and profits are greater if all firms share information. The difference arises because here the union sets different wages, while in Li (2002) a uniform price is considered.15 By setting a differential wage the extent to which the union can exploit the information is enhanced sufficiently to change the results found in Li. Comparison of the pricing power (B) needed for joint profits to increase from information sharing (δ2(12−δ2)/3(4+δ2)) to that needed for an individual firm to unilaterally share information (δ2(8−δ2)/12), reveals that there are levels of pricing power such that there is a prisoner’s dilemma. Interestingly, this only arises if the pricing power is more evenly divided.

Examples of Proposition 1 in a sentence

• The State shall provide funding from the Water Quality, Supply, and Infrastructure Improvement Act of 2014 (Proposition 1) to the Grantee to assist in financing the projects, which are included in and implemented in an adopted Integrated Regional Water Management Plan (IRWM Plan), pursuant to Chapter 7.

• Resources Code, § 80000, et seq.) or the Water Quality, Supply, and Infrastructure Improvement Act of 2014 (Proposition 1; Pub.

• The Recipient shall include the following disclosure statement in any document, written report, or brochure prepared in whole or in part pursuant to this Agreement: “Funding has been provided in full or in part through an agreement with the State Water Resources Control Board using funds from Proposition 1.

• Proposition 1 Synchronous Byzantine agreement is unsolv- able even with numerate processes if ℓ ≤ 3t.

• Local Cost Share may include Eligible Project Costs directly related to Exhibit A incurred after January 1, 2015, for Proposition 1 funds and incurred after May 18, 2016, for Proposition 68 funds.

• Travel costs CANNOT be reimbursed with Proposition 68 funds and only applies to the Proposition 1 funds provided in this Grant Agreement.

• The sign shall include the following disclosure statement and color logos (available from the Division): “Funding for this project has been provided in full or in part by Proposition 1 – the Water Quality, Supply, and Infrastructure Improvement Act of 2014 through an agreement with the State Water Resources Control Board.” The sign may include another agency's required promotional information so long as the above logos and disclosure statement are equally prominent on the sign.

• The State shall provide funding from the Water Quality, Supply, and Infrastructure Improvement Act of 2014 (Proposition 1) to assist the Grantee in financing the planning and/or selected project activities (Project) that will improve sustainable groundwater management, pursuant to Water Code Section 79700 et seq.

• Contingent Contracts We first make the following observation based on Proposition 1 and Figure 2.

• What are the implications of Proposition 1 for the amount of legal disputes in society as measured by the frequency of law suits that are filed.

More Definitions of Proposition 1

Proposition 1 means AB 1471, (2014), as codified in California Water Codes section 79701 et seq.