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1answer
29 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
53 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
29 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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0answers
49 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
43 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 ...
3
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1answer
67 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
37 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
36 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
117 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
votes
2answers
171 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
88 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
votes
2answers
373 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 ...
3
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0answers
54 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
votes
2answers
57 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, ...
1
vote
1answer
55 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
25 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 ...
0
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1answer
57 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 ...
6
votes
1answer
94 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
votes
1answer
46 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
votes
1answer
51 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 ...
6
votes
4answers
210 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 ...
1
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1answer
48 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
13 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 ...
2
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0answers
13 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 ...
6
votes
1answer
75 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 ...
1
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1answer
53 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 ...
0
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0answers
16 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
27 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
votes
1answer
47 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
18 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
votes
1answer
27 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 ...
8
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3answers
68 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
votes
1answer
65 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
votes
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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2answers
136 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 ...
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0answers
46 views

Where did Robert Lucas say “market is always in equilibrium”?

Does have anyone link to the reference where Robert Lucas said "market is always in equilibrium"?
8
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2answers
111 views

Fair voting procedure when there are many issues

When several people have to decide about a single yes/no issue*, the natural decision rule to use is the majority rule. But when there are many issues to decide upon, the majority rule is "unfair" ...
2
votes
1answer
47 views

Buy-or-sell deal when there is cash shortage

A company is owned by two partners: partner $A$ holds a fraction $a$ and partner $B$ holds a fraction $b$ (with $a+b=1$). Partner $A$ wants to break the partnership. A common procedure for this is ...
5
votes
1answer
57 views

Is there a name for this family of games (Binomial games?)?

I'm wondering if there's a name for a $n$-player symmetric game, such that the payoff for player $i$ playing strategy $j$ only depends on the number of other players which played $j$. Such family of ...
4
votes
1answer
41 views

Distribution of Wages

Is there any paper that looks at the distribution of wages? I'd like to see how many workers are in each percentile of labor income. I know that you could compute it using CPS or US tax data, but I ...
4
votes
1answer
100 views

Stimulus Effect of the Minimum Wage

In the question about the minimum wage found here, I have heard several times that an increase in the minimum wage can, as one of several competing effects, "boost the economy" by increasing the ...
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2answers
87 views

Problem with defining liquidity

I have heard multiple times that a consistent definition of liquidity does not exist. The two wikipedia articles describing liquidity (Market liquidity and accounting liquidity) lack a discussion of ...
6
votes
2answers
182 views

Extensions of Nash equilibria to games with infinite strategies

In the Jehle and Reny textbook (which I should add I have not read much of beyond a few sections of interest), a theorem stating that there is always a (mixed) Nash equilibrium in finite strategic ...
8
votes
1answer
86 views

Is there a folk theorem for repeated games on networks?

Games on networks have been studied extensively, however, I was not able to find a folk theorem for games on networks. Is there one or can it be derived from an already existing folk theorem? With ...
3
votes
1answer
57 views

Time costs and the St. Petersburg paradox

In the St. Petersburg paradox, we end up with the problem that a rational agent should be willing to play the game for any wager, if we look at expected income or utility of expected income. The ...