requests for information about papers, books, or other sources that address a particular economic question or issue.

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3
votes
2answers
129 views

What are the best books for developing a solid understanding of fundamentals of Economics?

Recently, Raghuram Rajan, a former chief economist at the International Monetary Fund and current Governor of central bank of India, while addressing undergraduate students of Economics, said: ... ...
0
votes
2answers
24 views

What is this economic theory? Cost of investment vs production accounting for time?

I know there has got to be a standard set of theories or formulas to chart this but I don't know how to search for it. Other than a great place like this. :) I'm a software developer and not an ...
2
votes
1answer
31 views

Repeated games with decreasing marginal returns

The standard analysis of repeated games assumes that the payoff of a player from a repeated game is a sum (or arithmetic mean, or discounted sum) of the payoffs in the basic games. But what if the ...
0
votes
0answers
9 views

Approximating the socially-optimal price in a monopolist market

A monopoly firm has an incentive to increase the price and decrease the produced quantity in order to increase its revenues. But this decreases the social welfare. The government can intervene in ...
2
votes
1answer
26 views

Literature Request: how does the house quality distribution change endogenously over time?

Is there existing literature on how the distribution of housing quality changes with time? For example, literature saying "using 2000 as a baseline distribution $X$, the housing quality distribution ...
6
votes
1answer
94 views

Can higher working hours reduce productivity?

Are there studies about the impact on per-hour output (productivity) of increasing the number of hours worked each week by employees? If every employee works 3hrs/week longer (from 41 to 44hrs), does ...
0
votes
1answer
37 views

Beginner level books on market economics

Which books can be recommended for a beginner with a strong math background, who wishes to learn how markets work, what is a stock, what is a bond, how to trade e.t.c. and has a minimal knowledge of ...
1
vote
1answer
19 views

Newly discovered (by mainstream investors) asset chart/theory

I was reading an article about bitcoin in which a description was given of a chart/theory related to investor hype when an investment is first discovered by the mainstream. I've been unable to locate ...
4
votes
0answers
52 views

Are there any studies that show that “Affirmative Action” hurts the economy?

Are there any studies that show that "Affirmative Action" (an action or policy favoring those who tend to suffer from discrimination, especially in relation to employment or education) hurts the ...
0
votes
0answers
22 views

Pareto optimality when the allocations are restricted

This question is about Pareto optimality (PO) in cake-cutting. The basic definition is: an allocation is PO if there does not exist another allocation in which all players are weakly better off and ...
0
votes
1answer
48 views

Unique features of Property & Urban Economics

The real estate sector represents a substantial share of the economy. Analysing such a sector provides it's own unique challenges. For example, it is important to variables such as population ...
1
vote
2answers
31 views

Book recommendation: agent based modeling?

Is there a book along these criteria? introductory discuss both theory and writing program focus on social science (economics / politics / sociology) There are bunch of tutorials on the Internet, ...
4
votes
1answer
43 views

Is there a journal for replications in experimental economics?

Is there a journal that publishes replications (failed and successful) of (published) experiments? And, if not, why not? And what about failed experiments (i.e. experiments with insignificant ...
6
votes
1answer
52 views

Intellectual property as a retarder of innovation

I am aware of some work such as O'Donoghue (1998): "A Patentability Requirement for Sequential Innovation", RAND Journal of Economics and Hunt (1999): "Nonobviousness and the incentive to ...
0
votes
0answers
26 views

Sovereign debt market learning resources

I'm trying to understand this paper, but I'm having some difficulties in understanding some parts. Is there good quick introduction about how the sovereign debt market works? The paper is about greek ...
8
votes
1answer
58 views

Which economic research articles or books use anthropological methods?

Most of the social sciences and even disciplines have a stable relationship with economics. And rightly so because our world is so interconnected. But there are certain fields which remained separated ...
2
votes
1answer
36 views

Empirical Data on Demand for Minimum-Wage Jobs in the USA

The idea of a minimum wage and its effects in terms of supply and demand are well-known in mainstream economic theory. I'm constructing an argument regarding the minimum wage, and what I'm curious ...
3
votes
0answers
34 views

Sequential games and Perfect Bayesian Equilibrium

Reading the paper http://www.sciencedirect.com/science/article/pii/002205319190155W I came up with the following question. Given that this paper deals with games in which players move ...
4
votes
1answer
46 views

Literature on factors affecting number of houses built

Is there any existing literature on the various factors affecting the number of houses constructed in a particular city over, say, a given month? Factors might include: quality of housing stock, a ...
2
votes
1answer
31 views

Competition between utilities like ports

I was reading about the frequent congestion in US ports and the resulting effect on the US economy. I feel there are unique features to this setting. When ports face congestion, they levy charges, and ...
5
votes
0answers
92 views

Solving the Hamilton-Jacobi-Bellman equation; necessary and sufficient for optimality?

Consider the following differential equation \begin{align} \dot x(t)=f(x(t),u(t)) \end{align} where $x$ is the state and $u$ the control variable. The solution is given by \begin{align} x(t)=x_0 + ...
4
votes
2answers
76 views

Multiple equilibria: which one to select?

There are two agents $i=1,2$. Consider the following programm \begin{align} &V_1(x_0) := \max_u \int^\infty_0 e^{-\rho t}F_1(x(t),u(t),v(t))dt\\ &V_2(x_0) := \max_v \int^\infty_0 e^{-\rho ...
1
vote
0answers
37 views

Can anyone give me some reference on Mundell-Fleming model estimated empirically?

In virtually all texts of intermediate Macroeconomics$^1$ the Mundell-Fleming model is taught. But his estimate is not addressed in the classical texts of econometrics. I've always wanted to read some ...
2
votes
0answers
33 views

How do organisations diversify? Determinants of choosing new target industries

A very weird question I agree. I am interested in understanding the motives behind firm behaviours of diversification. Why would some firms choose new target sectors/activities? Is there any ...
1
vote
0answers
19 views

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 ...
3
votes
1answer
34 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 ...
3
votes
1answer
39 views

Is there existing research on predicting the number of house listings based on exogenous data?

I've been looking for prior research by economists that predict the number of house listings in a particular city (or even, say, the probability that an individual in the city will list his house that ...
3
votes
3answers
98 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. ...
2
votes
4answers
71 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. ...
5
votes
1answer
347 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 ...
3
votes
1answer
26 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 ...
1
vote
0answers
37 views

Net of Tax Return on Capital: Definition, Proxy and Data

There is one input factor $k$. The representative firm maximizes profits with respect to employed capital, i.e. \begin{align} \max_k{\pi(k) = f(k)-(r+\tau)k} \end{align} where $f(\cdot)$ is the ...
5
votes
3answers
237 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?
1
vote
2answers
106 views

When can the fiscal multiplier be negative?

I am looking for a case study or data which shows a negative (fiscal/spending) multiplier effect. Does anyone know a study where this is analyzed?
1
vote
4answers
143 views

list of math intense graduate level microeconomics books?

List of math intense graduate level microeconomics books? Except Reny's book, krep's books, varian's book and mas-collell's book books from subfields are acceptable, however by math intense i mean ...
3
votes
0answers
40 views

Are charitable donations on someone's behalf generally an effective incentive?

A study done in Sweden on 153 female, would-be blood donors showed surprising results. The women were divided into three groups– voluntary donation, paid donation, and paid donation with the ...
6
votes
3answers
150 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
votes
1answer
52 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 ...
3
votes
1answer
98 views

Game theory: Textbooks

I am really a beginner guy in game theory. Which kind of books could you suggest me as beginner/intermediate/advanced textbooks in game theory ? I have no problem in maths, so any books with full ...
6
votes
5answers
179 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
votes
0answers
76 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
votes
1answer
36 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 ...
1
vote
1answer
32 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 ...
5
votes
1answer
79 views

Predictive Game Theory

I was reading this neat piece by Fudenberg http://fudenberg.fas.harvard.edu/predictive%20game%20theory.pdf on Predictive Game Theory. He argues correctly that most traditional work in Game Theory is ...
3
votes
1answer
59 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 ...
2
votes
1answer
69 views

What are some books for pricing theory with heavy math?

What are some books for pricing theory with heavy math? I've finish reading pricing theory by Hirshleifer and another by Lansburg but both are not math intense.
5
votes
1answer
67 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 ...
0
votes
0answers
33 views

Some intermediate math intense macroeconomics textbook? [duplicate]

Some intermediate math intense macroeconomics textbook? Is there some suggestion that can help me to choice and briefly explain why you choose that one or two right one for me?
2
votes
1answer
83 views

What is some intermediate or advanced macroeconomics textbook use general approach and focus on general topics?

What is some intermediate or advanced macroeconomics textbook that use general approach, cover major formulas, math intense and focus on general topics similar to Romer's and Branson's Macroeconomics ...
6
votes
2answers
851 views

Why life expectance is growing faster than retirement age? - source needed

Need sources of information about "Why is life expectancy growing faster than retirement age?" Is there any literature about "why the increased quality of life and medicine in rich countries doesn’t ...