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Can a dominance solvable game have mixed strategies?

I was told that there is at least one mixed strategy for the following game, which is dominance solvable and has a pure strategy NE in DA I thought dominated strategies will not be played, so how can ...
5 views

Is it possible to find missing indices using just a given indices data of some year? The question seem confusing. Try this!

I have been grappling with this question, and I think there is some missing parameter, I would deeply appreciate it if just anyone can wrap their heads around this. Thanks in advance. Index numbers ...
16 views

How can you simulate price/exchange for an economy according to supply and demand on a computer? Have there been any research papers or code doing so?

Essentially, I am asking if there have been any attempts at actually simulating how economic agents act in an economic environment and how prices are determined. To get a better feeling of what I mean,...
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25 views

Why in the input requirement set the x is written with a minus sign?

My question comes from the textbook "Microeconomic analysis" by Varian, 1992. The textbook defines the set of all technologically feasible production plans as $Y\in \mathbb{R}^n$. It is said ...
14 views

In the Ramsey-Cass-Koopmans model what is the equation for the stable arm?

I’m wondering what is the equation of consumption per effective labour that depends on capital per effective labor, which describes the stable arm of the graph in the Ramsey-Cass-Koopmans model.
1 vote
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How do public debt and inflation correlate?

From my naive viewpoint, I would argue that public debt correlates positively with inflation. One cause could be that states with high public debts often use "their" reserve bank (e.g. the ...
• 111
1 vote
172 views

Why should time-subscript notation be avoided in Bellman equations?

when I learned Bellman equations for macro, my lecturers were pretty loose about notation and switched between recursive and time-series notation. However, Prof Ben Moll says in his slides on Slide 15 ...
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1 vote
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What does sustained growth mean?

In the Overlapping Generations model, it’s stated that sustained growth is not possible in a absence of technical progress.
1 vote
21 views

What internship opportunities, Fellowships, External Research Grants (Preferably Paid) are specifically catered towards PhD students in Economics? To name a few I know of Amazon, Microsoft, Uber, and ...
• 923
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How central banks can lend money and always expect more money

for making this question clear let's create a simplified world when there are only 3 private banks (bank A, bank B, bank C) in the world, and 1 central bank. let's also assume that all the citizen in ...
1 vote
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Impact of current account on FX performance

I was wondering if someone can explain why countries running current account surpluses should expect their currency to appreciate while countries running current account deficits to depreciate?(...
12 views

What is the average global income in 2022?

2021 is also fine but I could only find old data. Median income may also be of value but I do not really believe in this metric.
12 views

Synthetix' assets failure scenarios

Synthetix project provides the system where different assets like USD, BTC, stocks are emulated by minting tokens representing them (sUSD, sBTC) collateralised by SNX token. Prices are defined via ...
• 101
1 vote
159 views

Is P > AC under monopoly?

I would like to know why price is greater than average total cost under monopoly. In textbooks, average cost is drawn under monopoly price. However, if the fixed cost is so large, can monopoly get ...
25 views

Effect of a higher relative price of computers on wage/rental

Can someone explain to me in a very simplified way what is happening on this graph? I do not understand why the Ls/Ks and also the Lc/Ks both shift to the right.. I understood it this far: Due to ...
42 views

Effect of an increase/decrease of ρ or θ on consumption per effective labour and on capital per effective labour? And on their steady-state values?

In a Ramsey-Cass-Koopmans framework, having defined ρ as the rate of time preference, I was wondering what is the effect of a variation in the two parameters on consumption per effective labour and on ...
18 views

Multiregression analysis with fixed effect

I have a question about fixed effect I want to do a multivariate regression and I want to incorporate fixed effects by year and by company here is my equation: 𝐶𝐴𝑅=𝛽 +𝛽𝑀𝐴𝑆𝐶+𝛽𝑃𝑂𝑊𝐸𝑅+𝛽𝐼𝑁...
44 views

Does culture effect micro economics?

In different parts of the world, we have different attitudes to money , spending and value different things importantly. Does this mean that we require different micro Economic theories which are ...
1 vote
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Help with Macroeconomics Question: IS-LM Model [closed]

I know this is supposed to be a simple question, but I need to check the answers for it and as it was a past exam question I do not have the results for it.If anyone can help out, that would be ...
22 views

Is "base yield royalty" a financial term?

Could you help me understand the title (Growing Base Yield Royalties) in the following excerpt? Is base yield or base yield royalties a financial term here? "Growing Base Yield Royalties Over a ...
9 views

Where to find historical price data for biotechnology feedstocks?

Bioproduction has traditionally relied on sugars (especially glucose) as a source of carbon for the production of value-added products [1]. To gauge the industrial potential of different carbon ...
11 views

Average emissions reduction corresponding to not buying an economy class plane ticket

In the book Doing Good Better, William Macaskill writes: Economists have studied this issue and worked out how, on average, a consumer affects the number of animal products supplied by declining to ...
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2k views

Is Basic Economics by Thomas Sowell a good book for a layperson who isn't interested in pursuing economics?

I heard that Basic Economics by Thomas Sowell is a good book for a layperson to get a feel for how the economy works. I have also heard some criticisms but they seem to be based on Thomas Sowell's ...
38 views

Econometrics - Kernel Bandwidth Formula

When using a Gaussian kernel to estimate the distribution of a Gaussian-distributed $x$, the bandwidth that minimizes the mean integrated squared error is: h=\left(\frac{4 \hat{\sigma}^5}{3n}\right)^...
• 2,405
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One shot deviation principle in games with many players

This question is motivated by an example in Section 4.7.3. Open-Loop and Closed-Loop Equilibria in Games with many players in Game Theory by Fudenberg and Tirole. The definitions of closed-loop and ...
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1 vote
65 views

What incentives do private banks have not to lend money

It is generally accepted that banks can create money by lending. If sb. wants to take a loan the bank simply extend the balance sheet by creating that loan. The bank has to adhere to reserve and ...
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1 vote
25 views

Intermediate Consumption vs Savings-Investment in National Income/Expenditure Accounting

I am trying to fully understand the savings-investment identity; both the Y=C+I+G=C+S+T and inventory accumulation perspectives make sense to me, but I came up with two examples that are a bit ...
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22 views

Data - Top 100 global economic entities

Around 2016-2017 there was a dataset put together by NGO Global Justice Now listing the top 100 economic entities (including privately owned corporations as well as sovereign countries in the same ...
1 vote
63 views

How to define treatment & control groups properly?

I’m working on a project examining the effect of a 2016 cash transfer on fertility. Who is eligible for the cash? All families with: 2+ children, or 1 low-income or disabled child. The data doesn’t ...
1 vote
24 views

Comparing incomes across regions within a country

When looking at spatial disparities across regions within a country the standard approach that I have seen is to look at differences in incomes across regions. However, this doesn’t control for the ...
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