All Questions

After viewing some paper, I found I was interested in policy effect But I don't know the reaso of setting up this policy and its background, so How can a researcher follow the policy trend?

Tunisia might be signing a free trade agreement with the EU very soon. It's called ALECA or DCFTA. Many activists and labor unions are opposing such an agreement because it would result in losing ...

General equilibrium framework; two individuals, two goods represented in an Edgeworth box. Is it true that if the preference are both strongly monotonic the Pareto set will go from the origin of an ...

Chapter 4 of Radical Markets talks about how US law blocked mergers and acquisitions: Section 7 has been used to block numerous mergers and other asset acquisitions over the years. It has not been ...

What are the difference and relation between the concepts of business process and business strategy? For example, the process of strategy planning consists of the following steps: formulate missions ...

I'm trying to understand how to calculate Walrasian prices for a model given as an example at https://arxiv.org/abs/1804.09672 (page 11). I understand pretty well how did the authors get the item ...

I calculated the HHI index for Chile exports and got values ranging from 0.09 and 0.13. We know that Chilean exports are very concentrated (around 40% of the exports are copper related goods) and the ...

What is the interpretation of the expenditure function's being concave?

Do free-trade agreements typically include clauses relating to services? For example, reciprocal recognition of professional qualifications.

Alice cares about two things: how much leisure time she has ($x_1$) and what mark she gets on tomorrow’s Micro exam ($x_2$). Her preferences between these goods can be represented by the utility ...

I'm using this equation to calculate market value of land based on the levied land value tax: y = market land value x = land value tax r = real interest rate a = real time-independent land value i = ...

The last case is GM in the USA. I fail to understand why does this happen. I understand that laying off jobs means higher dividend for the share holder and thus higher stock prices but in the long run ...

True or False? A firm’s production technology can exhibit globally (i.e., for all levels of input) increasing returns to scale (IRS) even though it exhibits diminishing marginal product (MP) for ...

In the Firm supply chapter of the microeconomics Varian's book, they show "three equivalent ways to measure producer’s surplus" using marginal cost, average cost and the average variable cost curves. ...

How can the concepts of supply and demand guide the society in making economic decision that can improve the people's quality of life

Law of Diminishing Marginal Utility states that marginal utility from consuming each additional unit of a commodity declines as its consumption increases, while keeping consumption of other ...

In my introductory microeconomics class, a problem set had the following question: If the price elasticity of demand for Snickers bars is 1, what will a 1% increase in its price do to the total ...

Performing data analysis on collateralized debt. Typically, loans state whether they are simple interest or pre-computed. In this instance, the interest method states "Actuarial". According to this ...

Money Heist (original Spanish title: La Casa de papel) is a Spanish TV show about a bank heist. From Wikipedia (bolding mine), In Money Heist, a mysterious man, known as "The Professor", is ...

Why does China has to give approval to two US companies merging together? There have been quite a few examples in the last time, as UTC & Rockwell Collins as well as Qualcomm acquiring NXP ...

I would like to conduct a similar t-test to the one done in the following paper Ranaldo and Rossi (2007) see Table 4.1. However I only have daily data not intraday data. I have daily data for the ...

The efficient market hypothesis states that it's impossible to beat the market because the market is most likely more rational, and more knowledgeable, than you are. This creates a problem for someone ...

I'm trying to work out the following problem for my microeconomics course, using the standard method we have been taught. Problem: Output is a function of inputs $x_1$ and $x_2$, $y=x_1^{1/2}x_2$. ...

Consider a nation fuelling its GDP growth by catering to the domestic demand of some "new" goods and services which weren't being imported anyway. Clearly this will lead to growth in its GDP. However ...

In Stock and Watson 3E.Updated, they posit in chapter 14 that if we estimate an Autoregressive equation using an AR(1) $$ y_t = \beta_0 + \beta_1 y_{t-1} + \varepsilon_t $$ where in fact the true ...

My background is more in statistics and applied math, so I am not familiar with the breadth of decision making models from economics. However, I am working on a project that involves decision making ...

We know that in regular economies general equilibrium theory predicts a finite and odd number of equilibria, using the properties of the excess demand function and the index theorem. How about the ...

I'm reading a book on monetary policy, and it defines the representative household's consumption as $$C_t = \int_0^1 C_t(i) di$$ so, basically a sum over the consumption of good $i$. Then later on, ...

For a finite-horizon discrete time optimization problem, my textbook provides a condition called the "bequest condition", which I'm not familiar with. Specifically, where the state at time $t$ is ...

What will be effects of normal inferior and giffen goods on consumer equilibriums? Tell me in detail.

I am currently reading both Poor Economics and Factfulness, and two seemingly contradictory statements jump out at me. From Factfulness, and I am kind of taking this statement out of context, but it ...

A few years ago an almighty fuss was kicked up by the revelation that Facebook had deliberately experimented with emotional contagion. Facebook apologised an nothing more was said about it. Still, ...

I asked about indiference curve always from down slope.why indifference curve is a negative slope? Tell me in detail.

I have data for sale in petroleum products across different states in India of both public sector and private sector companies for past 10 years. No. of years - 2008 to 2018 monthly data for 10 years ...

Facebook, notoriously, crowd-sources through the internet to improve their product - Facebook. This without any payment. Given the vast computing power that is now available and the kind of personal ...

In feudalism peasants, who were either villeins or serfs, were obliged to live on their Lords land and were to offer nobles labour, homage and a share of their produce in exchange for military ...

Show that u=a+bM-yM^2 represents a risk averter's utility function who is interested only in the mean and the variance of the state distribution of Income M. Can anybody send me the full solution. ...

In Chapter 3 of Gali's famous Monetary Policy book, he measures the effects of a monetary policy shock. The interest rate rule is: Then a shock $v_t > 0$ occurs. He proceeds to measure how this ...

I don't quite understand what the author is saying. Specifically what theory is meant in the phrase "But one clear observable implication, which is required in order for all that theory to fit ...

How do you calculate MC and AC from a given fixed cost, variable cost per unit, and a level of production at some point?

I am supposed to solve this problem: mexican interest rate is 28%, interest rate in the US is 7% and exchange rate is 7.5 Mexican pesos for 1 US dollar. If interest rate parity applies and we don't ...

Why does the narrowing of trade deficit cause an increase in bond prices? I do understand that narrowing of trade deficit leads to narrowing of capital account surplus. Also, investor confidence ...

I am very much confused about the causality between real and nominal interest rates, in monetary policy. So we know the Fisher equation: $$i_t = r_t + E \pi_{t+1}$$ Now imagine that the central bank ...

The following question was closed down by the 'community' policing 'algorithm' after two down-votes, so I'm asking it again with a bit more detail: After the end of slavery in the USA - paid for by ...

In his engrossing book "Naked Statistics" Charles Wheelan begins to explain how controlling for variables works by stratifying the sample. However, he stops short of explaining the reaggregation, ...

I can`t quite wrap my head around one step in deriving the pigou tax in a multiple polluter case. There are j firms, which produce joint product in amount of $k_j$. Joint product can be abated, ...

I am learning to do top-down analysis on a number of sectors in the US equity markets. I have never done it before and I would appreciate it if some professionals can share their experiences with me. ...

Im trying to solve the problem above and I have 0 experience with game-theory problems. I set up an equation for profit of a chosen player. $$ P_i(x) = [100 - \sum^\inf_{i=1}(x_in_i)] -x_in_i $$ ...

Im new to economics and want to understand the AIDS/QAIDs model of Angus Deaton. Can anyone suggest possible readings for the same as a background knowledge??

I am very new to mechanism design so I am a bit lost among the concepts, even the most basic ones. One thing that is not clear to me is the concept of direct mechanism and its relationship with the ...