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Intermediate level macro/econometrics literature on grey/black markets

The grey economy is a part of the economy that is not taxed because it functions 'under the table'. It is illegal in the sense that it's a form of free riding, but it is not considered damaging by ...
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1answer
27 views

Economic examples of (sub)martingales

A (discrete time) martingale is a stochastic process $\{X_t\}_{t\in\mathbb N}$ that satisfies, for all $t\in\mathbb N$, $$ E(|X_t|)<\infty $$ and $$ E(X_{t+1}|X_1,\dots,X_t)=X_t. $$ And a ...
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1answer
41 views

What graph theory textbook should I use?

I'm doing my Msc dissertation on production networks and business cycles and I want to learn graph theory. I need to be able to model the evolution of the network and identify equilibrium graphs. ...
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4answers
56 views

Economics and Euclidean geometry

I am looking for economics papers which use concepts, techniques and theorems from geometry. I am mainly interested in Euclidean geometry, the kind of material that is taught on high-schools (e.g. ...
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1answer
309 views

How does US (its economy, banks, industry) profit from dollar being the “standard currency”?

How does US (its economy, banks, industry, "finance industry") profit from dollar being the "standard currency"? I am not seeking "ideological" explanations, but explanations of the mechanisms ...
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1answer
20 views

A survey on the economics of loyalty programs

Is there a good survey that covers the theory and empirics of loyalty programs? I am thinking of programs like Amazon Prime, Starbucks, and airlines miles/points. What are the mechanisms? Are they ...
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3answers
226 views

Applied Chaos to Economics

Just a question to satisfy my Mathematical itch, but is there anything in Economics that uses Chaos Theory from Math?
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3answers
110 views

Game theory for showing interest and availability when dating

The more cynical (or perhaps realistic) of us would argue that there's a fair amount of game theory going on in the dating game. For example a classic ploy is 'Don't ring for three days, because you ...
4
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1answer
42 views

Present-bias vs future-bias

There is a huge literature in economics that studies time-inconsistencies in decision-making and that consistently finds that individuals make present-biased choices in a variety of contexts: we do ...
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5answers
136 views

Reading list: history of economic thought / political economy

Can you all please suggest books that I can read to get started in the fields of political economy and the history of economic thought? While my major in Mathematical Economics has given me a good ...
4
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0answers
69 views

Can repeated bidding in an auction make each player's type common knowledge?

In Benjamin Edelman, Michael Ostrovsky, and Michael Schwarz(2007), there's a hand-waving argument to justify their setting as a game of complete information: we assume that all values are common ...
3
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1answer
32 views

How to write the dual problem of this maximization problem?

On this note for Shapley-Shubik model, there's a maximization problem: $$\max_{x_{ij} \in \mathbb{R}^{M \times N}}\sum_{j \in N}\sum_{i \in M}v_{ij}x_{ij}$$ $$\text{s.t.} \ \sum_{j \in ...
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1answer
30 views

Moral and economic development paradox?

I have often listen to the old man who criticized the lack of morality in the Chinese people nowadays: "To get more money, break through to the bottom line to get more money!" Is there a ...
3
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1answer
57 views

What is the classic paper that derives borrowing constraints from asymmetric information?

In reading the Wikipedia article about the "financial accelerator," I read this Firms’ ability to borrow depends essentially on the market value of their net worth. The reason for this is the ...
5
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1answer
64 views

Uses of convex analysis in Economics

I'm taking kind of a crash-course in convex analysis to complement my mathematical skills and was wondering if anyone knew about nice ways in which this kind of tools were used in Economics. To be ...
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1answer
34 views

Labour Productivity Growth and Reallocation of Labour

Using a shift-share methodology, labour productivity growth can be arise from productvity growth within a sector (within effect) or reallocation of labour to sectors with higher productivity ...
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1answer
93 views

Are there papers in evolutionary game theory that are influential in economics?

The concept of evolutionary game theory has been around for about forty years. The mathematical details are worked out quite well. Yet this discipline is usually a side note in game theory classes and ...
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0answers
45 views

Are there good step by step math intense books substitute for greene's and woolridge Econometric Analysis

Greene's book is a drudgery to read book since it is theoretically based however does not provide what a theoretical book should provide especially on poorly explained the statistics definition both ...
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1answer
72 views

Application of Poisson process in economic modelling

To understand the emergence of constitution, Myerson(2008) models a scernario that a political leader gathers supports from captains in order to defeat challengers whose arrival is modelled by a ...
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1answer
42 views

The median as a welfare function

In an economy with several agents who have different utility functions, it is common to define a welfare function, defined as an aggregate of the utility functions of the different agents. Then we can ...
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2answers
46 views

What are the books usually called for studying the computation of GDP?

What are the books usually called for studying the computation of GDP? It seems that the economics growth by Barro doesn't discuss about that.
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1answer
124 views

Economics of forgetting

I'm interested to know economic justifications of forgetting in various fields. On example is Green and Porter(1984). To sustain a Cartel, Cartel members have incentive to forget deviations in a ...
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0answers
15 views

Papers about doing development projects by government funding

I want to read some papers about negative and positive aspects of doing a lot of development projects by government funding from the viewpoint of macroeconomics. However, I can't find anything by ...
3
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2answers
172 views

Easy to understand explanation of deflation and what causes it

This pretty much went over my head:http://en.wikipedia.org/wiki/Deflation Is there something a bit easier to digest than this? For a non econ student?
3
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1answer
91 views

Reasons for the recent rise in long-term unemployment

Kroft et al document the raise of long-term unemployed in the US during the recent crises. This is an impressive figure from their paper: They show that the raise does not come from compositional ...
7
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2answers
384 views

Where to start with social networks?

I'm working on my master's thesis in industrial organization and I have a model that is based on social networks. I have had two courses about social networks (one more focused on basic industrial ...
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0answers
57 views

Repeated games without a beginning and an end

I'm interested to know results on repeated games indexing each stage game by $\mathbb Z$ which contrast with those indexed by $\mathbb Z_+$. It seems to me this could be quite different from repeated ...
3
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2answers
61 views

price space as a dual of commodity space

I often see papers in economic theory mentioning a duality between the price space and the commodity space. I think they refer to duality of vector spaces. I.e, the commodity space is a vector space, ...
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1answer
58 views

If a game admits a unique Nash equilibirum, does common knowledge of rationality implies Nash equilibirum?

In a highly controversial paper by Robert Aumann(see here), it is stated as a theorem: In PI games, common knowledge of rationality implies backward induction. If we stick to the strong and ...
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0answers
26 views

Consumption of the unemployed

I am wondering how the consumption of the unemployed varies over the business cycle. We know that wages of people getting fired in busts are higher than wages of people in booms (Mueller 2012), so ...
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1answer
59 views

Unemployment: Human Capital Deterioration

I am looking for Macro-Labor models that include deterioration of human capital. The mechanism is simple: The longer you were unemployed, the more human capital you are losing. However, this is ...
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1answer
100 views

Models for online markets with reputation system

The only relevant model I'm aware of is Liu Qingmin(2011 R.E.S). Is there any other decent models dealing with the mechanism of online markets under reputation system, and perhaps linking to ...
3
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1answer
48 views

Is there some nice properties for a finite two-player game having a increasing differences utility and a decreasing differences utility?

Nice properties of the set of Nash equilibria can be shown for supermodular games(see here). But for a two-player game in which Strategy spaces for two player, $S_1$ and $S_2$ are finite, and both ...
3
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1answer
52 views

Is there a universal type space involving infinite players?

Having just dabbled in 7.1of rationality in extensive games by Andres Perea, I got an impression all constructions of universal type space are restricted to finite players. What's the obstacle to ...
5
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2answers
50 views

References where fewer rules resulted in better governance

I am trying to find references that support an idea that I think I read in a book on theory of institutions. I can't find the original reference. Basically, I'd like to find anything that talks about ...
7
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4answers
228 views

Where to start learning economics as a mathematician?

I study pure mathematics at university and I'm looking to get into economics, with pretty much no background knowledge about it. Are there good sources to learn from with a decent mathematical ...
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1answer
71 views

What is considered a “final product” for gross domestic product?

Given a territory and a time range, the gross domestic product is the sum of all the values added. The term “value added” is open to interpretation. Since the value added of a product or service is ...
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0answers
15 views

Latent Variable Models such as Harrison and Rutstrom (2008)

I'm working with some experimental data on choice under uncertainty and trying to use a method similar to RISK AVERSION IN THE LABORATORY (Harrison and Rutstrom, 2008). I am pretty sure that one of ...
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0answers
15 views

Where should I start to teach myself 'comparative housing and urban planning'?

For my own research, I need to teach myself the basics of the research areas of Dr Morrison, Department of Land Economy, U.of Cambridge. Sorry if this is the wrong SE site, but the title 'Land ...
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1answer
86 views

Applications/generalizations of a theorem of Debreu

I would like to know how the last theorem in Debreu's paper "Neighboring economic agents" (La Decision 171 (1969): 85-90; reprinted in G. Debreu, Mathematical Economics: Twenty Papers of Gerard Debreu ...
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1answer
58 views

What resources are available for learning Dynare?

What resources are available for learning Dynare? I think it'd be nice to put together a list of resources that available to those new to Dynare. I've had a little experience with it but it'd be nice ...
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0answers
17 views

Papers on overproduction and the business cycle?

As per my reading of it, Engels seems to blame crises of overproduction and plummeting prices in The Condition of the Working Class in England for economic downturns. Regrettably, I don't have a very ...
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0answers
28 views

Evidence of firm borrowing and loans

I'm absolutely not from firm financing and look to read up on the subject, but mostly onto empirical stuff. Standard questions would be: What is the ratio of firms that finance themselves with bank ...
3
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1answer
51 views

Are profits procyclical?

This is somewhat related, but distinct from Cyclicality of Markups Basically, I'm looking for papers on whether firms profits are (on average) procyclical or not, and I appreciate theoretical, but ...
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0answers
19 views

Cyclicality of Markups

I'm looking for scholarly articles or summaries on the subject of markups. More importantly, for empirical evidence whether they're pro- or counter cyclical, and on theoretical papers on their ...
4
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1answer
29 views

Stylized Facts: Price Dispersion

I'm looking for as many empirical "stylized facts" about price dispersion (in products markets) in the idea of Burdett and Judd (1983) as possible. For example, how high is the variance of price ...
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3answers
74 views

Current knowledge about the empirics of consumer theory

I would like to get up to speed on the current state of empirical work done to test the assumptions and predictions of consumer theory (think Chapters 1, 2, 3, and 6 of Mas-Colell et al.). Can anyone ...
5
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1answer
68 views

Generalization of the Heckscher-Ohlin Model

The Heckscher-Ohlin Model is normally presented for the case of 2 countries, 2 factors of production and 2 traded goods, leading to statements that, subject to free trade and various other ...
3
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1answer
31 views

Do German Goverment bonds usually include (or included) a condition that the debt will not be serviced in case of trade imbalance?

Today the Spiegel ran an article on a proposal to end the Euro Debt Crisis. That article made the claim given in the title Syriza will eine sogenannte Wachstumsklausel für jene Schulden einführen, ...
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141 views

Does economic theory support the notion that the wealth of the wealthy is based on the poverty of the poor?

Almost any discussion about poverty and wealth and income inequality at some point includes arguments based on the premise that the wealth of the wealthy is causally related to the poverty of the ...