Write on a question related to developmental economics that you require the explanation for.

Write on a question related to developmental economics that you require the explanation for.first Assess whether the Groves-Clarke model would be equitable for slot allocation in Brazil, taking into account the following aspects: (i) efficiency; (ii) incentives; (iii) payment transfers; (iv) inequalities in market power; (v) regulatory and political context; and (vi) complexity. The Groves-Clarke model is a market design mechanism that aims to achieve the efficient allocation of resources in environments with private information. It does this through a payment transfer scheme that encourages agents to reveal their true valuation for the resources. In the context of airport slot allocation, it can be used to determine which airline values a specific slot the most and, therefore, would be willing to pay more for it. The analysis of this exercise should indicate whether the Groves-Clarke model can offer an efficient allocation of airport slots, as well as what perspectives on equity should be adopted for this, as what is equitable for a traditional airline may not be for a new entrant. In Brazil, it would be interesting to analyze this for the Congonhas airport in São Paulo and Santos Dumont in Rio de Janeiro. second Build a database for a specific airport (an airport that uses the slot system) and build empirical analyses that demonstrate the impacts that the slot allocation model (of the studied airport) has on competition between a big and small Airlines. It is mandatory to set up a database and present all codes, variable definitions and analyzes carried out. Requirement file: • Mathematical model to support technical claims • Empirical model with airport data • Codes developed step by step for use in free software • Text with a detailed explanation of all variables and conclusions about the results of the analyzes carried out