Questions tagged [reference-request]

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

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5 views

Doubt in a particular statement taken from a textbook

"Economics studies how individuals firms, governments and other organizations within our society make choices and how these choices determine a society's use of resources." Firstly, what is ...
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Resources/Books for managing import export business [closed]

Hi I'm looking for resources/books for managing financial and organizational aspects of an import/export business. Thankyou
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24 views

How have developments such as Covid-19 affected sea freight in the last year?

I’m currently working on an assignment, trying to figure out what the developments of the flow of goods regarding sea freight from China to the Netherlands have been in the last year (2020) and what ...
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1answer
79 views

Is egyptology a pyramid scheme: Self-perpetuating university programs

My friend got a degree in egyptology, but can’t get a job, So he’s paying more money to get a Phd, so he can work teaching other people egyptology. In his case college is literally a pyramid scheme. ...
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31 views

Order-driven vs quote-driven markets

What is the difference between order driven and quote driven markets? Is there any theoretical microstructure book that gives the intuition behind the types of markets with respect to the orders that ...
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Financial wellbeing overall components and datasets

I am currently doing a project on financial wellbeing, but on the level of entire countries. I am aware of studies and data pertaining to financial inclusion, as often studied in Development Economics,...
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35 views

Do Human Resources use information on applicants' child rearing effort as a signal

In Spence's Job Market Signaling paper (a non-paywalled version is available here) firms observe applicants' educational investment. From these signals the firms glean information on the "type&...
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1answer
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Necessary and sufficient conditions for the existence of a utility function

I was reading Jehle and Reny, Advanced Microeconomic Theory, where they discuss in detail, the choice problem of a consumer. The Consumption Set (or Choice Set) $X$ is a subset of $R_+^n$, is closed ...
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1answer
68 views

Shapley Value - Any Real World Applications?

The Shapley Value has been around for seven decades now. It is intuitive, tractable, and has many desirable properties. To my surprise, however, its actual applications in the real world are not ...
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1answer
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economics paper with most coauthors

A high number of co-authors on scientific papers is not uncommon, but in economics I rarely see one with more than 5 coauthors. Does anyone know the paper in economics that has the highest number of ...
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1answer
31 views

Econometric analysis of mergers from a company's point of view

I am learning about financial analysis of mergers and acquisitions: most of the models are based on accounting principles and simple assumptions. I wanted to delve deeper into more statistical/ ...
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1answer
51 views

Is there a book or notes that explain all about inflation? [closed]

Is there a book or notes or papers (but for easy understanding please) that explain all about inflation? Not at a research level but student level. From what is previously needed to define and ...
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1answer
26 views

Macroeconomic model or knowledge base representing connected industries in the world

I'm looking for data (model, Expert system, knowledge base) that describes how different industries and countries interact with each other. And the nature of the relationship between them. An example ...
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Original formulation of the axioms of rationality [duplicate]

Completeness and transitivity are considered to be the two axioms of rationality in case of decisions under certainty. I wanted to know when were these axioms first proposed, by whom and the first ...
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Marginal Cost of Labour Under Monopsony - is the real world like this?

How common is a Perfectly Discriminating Monopsonist in respect to labour rates? Or anything close to it? Standard explanations show a normal supply curve for labour, and the marginal cost of that ...
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2answers
52 views

Short textbook of econometrics?

I'm looking for a textbook about econometrics, but I'd like to find one with the following features : Short (350 pag. max) Introductory Clear on the math and stats used With exercises Do you know a ...
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1answer
27 views

Accounting for household work in the GDP

It is often told that domestic work is not included in the GDP estimates due to difficulty in measuring them. I wanted to know if there are any advances in measuring this, or any alternatives that ...
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3answers
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Financial Crisis text book recommendation

I am looking for an academic textbook on the science of financial crises, such as bank runs, monetary crisis, bubbles, stock market crashes etc. Ideally, the textbook would address what is currently ...
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2answers
171 views

Why is the rate of profit not important?

I've been taking some time to read up on the history of economic thought and am wondering why the rate of profit (which was a measure heavily discussed up to the 1970s) seems to disappear out of ...
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Practical guide to Structural Equation Modeling

I am currently self-learning Structural Equation Modeling. I have studied some theory and also a bit about the software implementation, but not enough to practically conduct an SEM study. I wanted to ...
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1answer
32 views

Which are commonly used economics dictionaries?

Do economic dictionaries distinguish between different interpretations of terms in different economic schools of thought, or are there different dictionaries for different schools of thought?
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1answer
47 views

Minimum wages - what is the effect?

Does anyone know a good review on the debate on effects of minimum wages? I am interested both in academic and non-academic sources. I have searched a lot but there is so much material written on ...
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1answer
98 views

The influence of restricted type space on incentive compatible mechanism design?

When we are to design an IC mechanism for an auction, we usually assume that each agent $i$'s type $\theta_i$ is draw from its type space $\Theta_i$, which contains all the possible types of $i$. For ...
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1answer
46 views

Did Elinor Ostrom (or others) resolve the tragedy of the commons for common-pool resources?

Ostrom (2015: 19) writes: Individuals or households who have rights to withdraw resource units from the CPR must be clearly defined, as must the boundaries of the CPR itself. Following her ...
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Scope of DSGE models

Since DSGE models are a type of growth models that focus on assessing short term evaluation of economic fluctuations. Most of the models that I have seen are policy related, that assess the effect of ...
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1answer
70 views

reference request - dynamic discrete time optimization methods

Next semester I am taking business cycle theory course. I emailed my teacher and he replied that I need firm understanding of dynamic discrete time optimization methods. I am gonna study mainly from ...
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1answer
41 views

What Was the Accuracy of Macro Model in the Phillips' Machine (MONIAC)?

One of the most interesting economic 'artefacts' featured on the campus of my alma mater is the Philips' machine or Monetary National Income Analogue Computer (MONIAC) pictured below. MONIAC was a ...
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1answer
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The current economic understanding of the effect of labour unions on employment and wages

What are the currently largely accepted views on the effect of labour unions on employment and wages? Where can I read more about the currently established theoretical models that model labour unions?
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Are there any books on economy of the medieval England?

I would like to learn more about how the medieval economy in the UK worked. Are there any economists that research medieval society in the UK? Are there some good books on this?
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4answers
312 views

Could you recommend a book or lecture notes about time series that is easy to understand?

What are some time series texts that you would recommend to start studying? Some easy textbooks/lecture notes or step by step for undergraduate level. I'm not so good at math/statistics.
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Best way to learn economics for an interested layperson with a mathematical background

What's a good way for a mathematically-literate layperson who's interested in seriously learning economics? I suppose the quick answer is "read a textbook", but 1) textbooks are boring, 2) ...
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1answer
103 views

Empirical justification for a constant-returns-to-scale production function in the Solow model

I am currently learning the Solow model of growth, where a constant returns to scale production function for the economy is assumed. I realise that the assumption makes further analysis much simpler, ...
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1answer
34 views

Gamification and incentives

Is there any (theoretical?) work on "gamification" in game theory? I do not have a proper definition of gamification, but StackExchange would be an example. Contributers like us provide a ...
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1answer
14 views

Using dependent variable's and exogenous variables' lags as instruments in 2SLS

Suppose we have the following structural equations: $$y=\beta_0+\beta_1x+\beta_2z_z+\beta_3z_3+\epsilon,$$ where $x$ is the endogenous variable and $z_1,z_2$ are exogenous variables. In the literature,...
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survey of panel threshold literature

I'm looking for a good recent survey of threshold panel models and their applications. Anyone seen anything useful? Thanks.
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1answer
128 views

Is there any goal of Economics? [closed]

As I understand every subject has some goals for example in physics one particular goal is to have a unified field theory. Is there any one or more goals of economics. I was expecting the goals should ...
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97 views

Applications of Optimal Transport in Economics

The 1975 Nobel Prize winner in Economics was Kantorovich who reformulated the optimal transportation theory of Monge and applied it to optimal resource allocation. The Wasserstein distance is central ...
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1answer
43 views

Up-to-date survey of panel data models

I am looking for an up-to-date survey paper or a book chapter on panel data models. I know there are excellent textbooks out there like Wooldridge "Econometric analysis of cross section and ...
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120 views

Best companion for Mas-Colell Microeconomic Theory textbook

What are the best sources to accompany MasColell Microeconomic Theory textbook in 1st year of MA in economics? I mean any sources - textbooks, videos, websites, book companions, etc. And I mean easy ...
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4answers
717 views

What are some of the good textbooks on Modern Monetary Theory and the Development of Monetary Theory?

I am trying to study modern monetary theory for my research. Recommendations, please? Thank you!
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1answer
38 views

Impact evaluation of a policy when different individuals adopt the policy at different times

Let there be a policy $T$ which can either be implemented or not implemented by an organisation. Suppose there are $n$ organisations and the outcome variable $Y$. The policy is not centrally imposed- ...
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3answers
172 views

What is the point of considering only pure strategies in a game? How could you restrict people from thinking about mixed strategy?

In an experimental setting, how could you effectively incentivize the subjects to not to adopt mixed strategy? I would like to re-emphasize that the question in concern is "how to prevent people ...
3
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1answer
151 views

Why utility should be bounded (or unbounded)?

For Expected Utility and SEU, people make axioms to ensure that the utility is bounded. However, I personally believe that the utility function must be unbounded, especially if we are considering ...
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2answers
264 views

How to estimate if goods are complementary or substitutes when one good is always offered for free?

Usually whether two goods are complementary or substitutes can be measured by estimating cross-price elasticity of demand. If cross-price elasticity of demand is negative the two goods are ...
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54 views

What are the mathematical prerequisites to understand Whinston and Green's “Microeconomic Thoery”?

I've completed my under graduation in economics where I used micro books like Nicholson and Snyder's Microeconomic Theory and Hal Varian's Intermediate Microeconomics. I am comfortable with topics ...
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1answer
96 views

Measuring effects of degree of (buyer) competition on price: references

I would like to examine the effect of degree of competition (market power?) among buyers on price of a product. I have data on product price, number of buyers with nonzero purchases and a couple more ...
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1answer
77 views

The decline in the number of domestic servants

does it mean that the market mechanism does not work—that the offer of the going rate of wages does not secure a servant because servants do not move to the highest bidder? This complaint—which would ...
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30 views

Is there a conventional list of pollution categories to consider in calculations? [closed]

In researching economic damage from various pollutants, I often find that it's very random sources that inform me of various pollutants I need to be mindful of in calculations. Is there any kind of ...
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1answer
34 views

Rationale and Methodology for Discounting the Investment in an NPV Calculation

It is clear to me why the benefits accruing from an investment should be discounted. What I wish to understand is what the correct way discount the investment itself is. Assuming zero inflation, ...
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1answer
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Where can I find research on the impact of informal/unregulated suppliers on prices and externalities?

I am looking for research and papers on the impact of informal/unregulated suppliers on market prices and negative externalities. I am particularly interested in the manufacturing sector.

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