# All Questions

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12 views

### What are good analogies for explaining negative externalities?

I'm making an infographic about the negative externalities of driving, and I want to explain that taxation is not "just" a tool to get a desired effect; it's a price-correcting mechanism ...
10 views

### Interest on consumption should be included or not in national income

Why interest on loan taken for consumption purpose is not included in national income why it is not considered as a service produced instead of transfer payment ?
29 views

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### Is the following claim written with the right way?

I have a simple question though confusio for me. In game theory we usully write thet a strategy is a mapping from the set of types $T$ to the simplex set of actions (refering to mixed mixed strategies)...
82 views

### What are the most used econometric methods in economics?

As the title says, I would like to know what methods are most often used in empirical economics. For example, are IVs used more than DiD? I would prefer to see some survey of different methods that ...
2k views

### Is the market price objective?

Is the market price objective, does it exist independently of human consciousness, how do we treat the market price in economics and the philosophy of economics? The market price is the current price ...
35 views

### Extension of Harsanyi Transform for Two-sided Incomplete Information Games to Beliefs with Zero Probability

In the textbook I'm reading "Game Theory - Giacomo Bonanno", one requirement to applying the Harsanyi transform to convert a two-sided incomplete information game to an imperfect information ...
31 views

### Growth Premium and Debt consolidation

I'm interested in country cases (e.g., Argentina or another EME) where there have been periods of high economic growth but worsening (or at least not improving) fiscal balances. This could be either ...
22 views

### What is the impact of falling inflation on the UK Economy ? URGENT [closed]

What is the impact of falling inflation on the UK Economy ? URGENT What is the impact of falling inflation on the UK Economy ? URGENT What is the impact of falling inflation on the UK Economy ? URGENT ...
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### What is the purpose of a congestion tax with refund?

A common argument in the economics of transportation is that publicly provided roads free of charge will result in congestion. Users only internalize the average costs of using the road instead of the ...
28 views

### Solving Cost Minimization with CES Production Function and Two Types of Input

A CES aggregator: $y=\left(\int_{0}^{1} y(i)^{\frac{\eta-1}{\eta}} d i\right)^{\frac{\eta}{\eta-1}}$, where $i \in[0,1]$. For each intermediate good: $y(i)=\ell_{r}(i)+\ell_{c}(i) / a(i)$, where $a(i)$...
Firstly, I'm from the more ML-y side of town so apologies for the naive questions. I have a situation with a treatment variable $D\in \{0,1\}$, covariates $X\in \mathbb{R}^p$ and a response variable $... 0answers 60 views ### How is North Korea paying for all its imports? As far back as the 1980s it seems that North Korea has imported more than it exported. Given that they weren’t exactly a wealthy country back then, and as most countries stopped debt financing ... 1answer 83 views ### Why does the belief over information sets with probability zero matter in Perfect Bayesian Equilibrium? I'm struggling to understand why the notion of "belief revision" is an important concept. In particular, why does the belief over information sets with probability zero matter? When ... 1answer 24 views ### Derive Value Functions in Job Search Model I am reading a paper using the common job search framework, which has functions$\begin{aligned} &V_{r}\left(e_{r}\right)=w_{r}-e_{r}+\beta\left(q V_{u}+(1-q) V_{r}\left(e_{r}\right)\right) \\ &...
I frequently encounter the following two versions of writing CIES or CRRA preferences: $$u(c_t) = \frac{c_t^{1-\theta}-1}{1 - \theta}$$ ...and... $$u(c_t) = \frac{c_t^{1-\theta}}{1 - \theta}$$ The ...