VMI Archives (Virginia Military Institute)
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VMI Cadet. January 26, 2009
No full textVolume 102, number 15Weekly during academic year, except during examinations and vacation
VMI Cadet. January 19, 2009
No full textVolume 102, number 14Weekly during academic year, except during examinations and vacation
VMI Cadet. September 11, 2009
No full textVolume 103, number 2Weekly during academic year, except during examinations and vacation
Price Discrimination and Resale: A Classroom Experiment
No full textThis paper presents an experimental design that facilitates teaching third-degree price discrimination. By participating as buyers and sellers, students actively learn (1) how uniform pricing differs from group pricing, (2) why effective price discrimination requires limitations on resale, and (3) how discriminatory practices affect welfare. The exercise challenges sellers to set optimal prices against unknown demand curves, using a story of pricing a pharmaceutical product to American and Mexican consumers. By working through calculations for themselves, students eventually arrive at the optimal uniform price and the optimal pair of group prices, with and without resale. The design proves successful in that prices converge fairly reliably to the theoretical predictions. Students find the exercise to be illuminating and interesting. Classroom discussion can focus on real-world examples of price discrimination, as well as regulatory policy questions in industrial organization and international trade. It can be used effectively in classes on principles of economics, intermediate microeconomics, industrial organization, and international trade, in class sizes ranging from nine students to hundreds of students
VMI Cadet. October 3, 2008
No full textVolume 102, number 5Weekly during academic year, except during examinations and vacation
Steven Craig Interview
No full textCaptain Steven Craig is a UH-1N helicopter pilot and a decorated veteran of the wars in Afghanistan and Iraq. He enlisted in the U. S. Marines Corps in 1989 and subsequently was commissioned and went to flight school. He was deployed in Operation Enduring Freedom in 2004, and in Operation Iraqi Freedom in 2005-2006. As of 2010 he is assigned to the VMI Naval ROTC Department as a Marine Corps Instructor
Frank Diorio Interview
No full textMAJ Frank Diorio graduated from the University of Notre Dame in 1996 and immediately commissioned in the Marine Corps. He has been deployed to the Kuwait/Iraqi border (1997-2000); to Djibouti, Africa (2004); & to Al Anbar Province, Iraq (2005)
Donald Holt Interview
No full textDonald Holt enlisted in the U. S. Navy in 1971 and after boot camp trained in electronics and nuclear power. He served as a reactor operator on the submarine U. S. S. Billfish, and subsequently was an instructor in a nuclear power training unit. Mr. Holt received his honorable discharge in 1979, after serving almost nine years
William Howard Interview
No full textMr. Howard enlisted in the U. S. Navy in 1939 and attended boot camp at the Great Lakes Naval Station. He served in the Asiatic Fleet from 1939-1943. After leaving the Navy he worked in a munitions factory in order to help the war effort
Stephen Patchin Interview
No full textMr. Patchin grew up in Wisconsin and joined the Navy in 1958 at the age of 18. He served until 1979 in the field of aviation maintenance. After his retirement from the Navy, he continued to work in naval aviation mechanics and planning as a civilian contractor