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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Market modelling with prosumers
I am working on energy integration modelling in a system with prosumers. I was wondering if there is any well-known theory or model in the economics literature for markets (specially multi-commodity ...
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1answer
44 views
Optimal Top Marginal Tax Rates
Some of you might know of US politician Alexandria Ocasio-Cortez, a member of the Democratic Party as well as the Democratic Socialists of America. In a recent interview she had on 60 Minutes, she ...
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Can the internet be characterized as a public utility?
The idea of what a public utility is, economically, rather than just legally is not a new point of discussion. Philosophers like John Stuart Mill argued for the public provision of water and gas, ...
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3answers
47 views
Reference request: Gender wage gap / Minority wage gap
Disclaimer: I am neither a social scientist nor an economist. I hope the ESE is the right place to ask this question.
Disclaimer 2: I do not intend to spark an ideologically driven discussion here. ...
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1answer
60 views
Reference Request - Dynamic Optimization with More Than One State Variable
I would like to understand how to solve dynamic optimization problems involving more than one state variable and state equation (to apply to long-term economic models with more than one capital good). ...
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21 views
Textbooks addressing MDP's in microeconomics/game theory/decision theory?
I have learned about the MDP formalism in the context of machine learning. I know that micro theorists also study MDP's, and agent behaviour in this context (both single and multi-agent I think).
I ...
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1answer
48 views
reference request: models of how racism or sexism affects decision making
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 ...
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0answers
10 views
Reference recommendation on the causal relationship between family size and children's educational attainment, or the quantity-quality trade-off
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 ...
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1answer
39 views
Collapse of Lehman Brothers: What did they have in their books?
What kind of products did Lehman Brothers have on their books that caused the collapse? Do we have access to data on this topic?
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Two formulations of the continuity axiom in Expected Utility Theory
MWG state the continuity axiom as follows:
C1. $\succsim$ is continuous if for all $L,L',L''$, the two sets below are both closed:
\begin{align}
S&=\{\alpha\in[0,1]:\alpha L+(1-\alpha)L''\...
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1answer
26 views
Name of a certain economic fallacy
I remember seeing a fallacy mentioned concerning the different valuations you put on something just because you own it. I would like a link to the discussion of that fallacy. Thanks.
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1answer
42 views
Economics of clubs(sport gym, language course, etc)
I am looking for economic research, theory or empirics, on production/profit maximization/competition for firms producing goods with network effects, such as clubs in which every one's utility depends ...
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1answer
42 views
What are some good advanced level textbooks on public economics?
I'm taking a public policy course and the textbooks that were recommended for the course are way out of sync with the course material. These are:
Gruber, Public Finance and Public Policy
Stiglitz, ...
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1answer
52 views
Proving the existence of Nash Equilibrium using alternate approaches
Most of the standard books/papers/reading materials prove/state the existence of a Nash Equilibrium by appealing to Sperner's Lemma, or to Brouwer's/Kakutani's FPT. However, I've recently come to know ...
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0answers
46 views
Applications of Pure Mathematics in Economics
Are there any applications of number theory and abstract algebra in economics? An economist had told me that number theory had an application to a theorem in economics, however he did not remember ...
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0answers
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Any examples of non-parallelism making Diff-in-Diff estimation biased?
The key assumption in a Differences in Differences design is that both the control and the treatment group have parallel tendencies, that is, they'd follow similar paths over time if there was no ...
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2answers
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Literature on the effects of third-party certification on industrial dynamics?
Is there any comprehensive theoretical studies on how third-party certification adoption may affect industrial performance/dynamics of an industry?
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2answers
57 views
what is the most comprehensive History of Economic Thought book for an undergrad?
Which Book or books would you recommend for an undergrad to learn about the history and evolution of economic thought and theory, and why?
There Just so many of them out there and I just don't know ...
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1answer
15 views
advanced mathematical treatement of revealed preference and utility theory?
I am looking for a textbook that treats revealed preference and utility theory much more thoroughly than does Mas-Collel.
What would be suggestions for this? Specifically I'm interested in conditions ...
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2answers
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Weighted voting: Vote of representative weighted by number of election votes
I was wondering if there is any literature on voting systems where voters elect representatives, and in the representatives' assembly the vote of each representative is weighted by the number of votes ...
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0answers
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Publishing fixed and random effects in one model
I am a health economist working with panel data for a paper I am working on, I use Hausman tests to determine if I should use fixed or random effects estimators in my analysis. For some outcomes ...
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0answers
30 views
Are there empirical studies that quantify shoe-leather or menu costs?
Two theoretical arguments why a high level of inflation is bad (e.g. for growth) are:
shoe-leather cost: keeping lower money balances when inflation is high (implying more frequent trips to the bank/...
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0answers
42 views
Models of a Planned Economy
Are there any mathematical models of a planned economy like in the soviet union? Specifically id like to know how we would model 5 year plans.
Do any exist?
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0answers
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Are there any experiments about financial games with just one player?
I was wondering if there are any experiments of financial games (laboratory games under controlled circumstances like Plott and Sunder's Rational Expectations and the Aggregation of Diverse ...
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0answers
39 views
Has any research found that automation will decrease inequality?
A paper by IMF researchers (but not an official position of the IMF) has found that automation will lead to higher inequality under all scenarios they considered.
Even in the scenario where robots ...
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0answers
9 views
Long term effects of open technology through makers and fablabs
Are there studies on open technology effects, not just open source code but open hardware as well? For example, there is a community working on a 3D metal and glass printer to print solar cells and ...
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1answer
60 views
Does mathematical education imply a better salary?
In some sense this is a follow-up to
Correlation between salary level and housing prices in a town
There I was reminded to ask for causality, not correlation. I am interested in the causal effect of ...
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0answers
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Research community around logistics micro-economic topics?
Is there the equivalent of a Rand Journal of Economics for the topic of logistics, focusing on the micro-economics of productivity gains via automation or disruptive technologies.
There is the ...
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0answers
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Economic history/geography of the UK (1960-today)
I am not an economist and I am looking for reference knowledge about how the economy of the UK (mainly focussing on England/Scotland/Wales) developed over the past 5 decades. The kind of information I ...
2
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1answer
34 views
Articles about the economics of non-compete contracts
Today I read in a non-scientific article that Amazon requires some physical workers to sign non-compete agreements. I used to think that the idea behind allowing non-compete clauses in contracts is to ...
2
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0answers
35 views
The use of preference relations in choice theory and the $\succsim$ symbol
At least as from Edgeworth and Pareto we think about utility in mathematical terms. My question twofold
(i) about the start of the usage of binary relations to model preferences in economics, and ...
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0answers
27 views
Commodity price and production data
I am doing some modeling and need some data.
First I would like to get some data on commodity prices, ideally historical price data (but current quotes are fine). For example it would be nice to ...
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0answers
19 views
Book suggestion related to the subjects of two questions in the yellow box
I have two types of questions as:
policy optimality requires that government precommitment to future actions.
And the second one:
the intertemporal approach to the current account ...
4
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1answer
103 views
An index of the The Economist's Schools Brief series
I was wondering whether anyone might have an index of the articles that made up the The Economist's Schools Brief series that ran from 1975 to 1999 (with a brief refresh in 2013)?
They were an ...
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0answers
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Model of sales of a new product
I am looking for any popular model to calculate sales of a new product under the assumption that some goodnesses of the product are given.
For example, the novelty $N$ and usefulness $U$ of a new ...
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0answers
23 views
Adaptation of new keynesian model
I'm looking for literature in new keynesian model adaptation to model price shocks. I'm aware of Blanchard, Olivier, and Jordi Gali. 2007. “The Macroeconomic Effects of Oil Shocks: Why Are the 2000s ...
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1answer
17 views
Summary data on venture capital
Is there a trade group, government, or other publication providing data on aggregate venture capital investment?
Specifically, I'm interested in how overall venture capital funding has changed over ...
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0answers
17 views
Easy introduction to Heckscher-Ohlin model
I'm looking for an easy introduction to this model. I have no background in economics at all. A bit of math is ok. I would prefer books, but pdfs are also ok. I searched after a few books, but I think ...
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0answers
76 views
How to find sequential equilibria and weak perfect bayesian equilibria quickly?
I have read several texts on the nature of sequential equilibria and weak perfect bayesian equilibria (called such by Mas-Colell, also called weak sequential equilibria).
I am not looking for ...
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1answer
86 views
Utility Maximisation Subject to Income and Time Constraints
The consumption of economic goods often takes time. Consider, for example:
Transport services, eg flights, rail journeys;
Leisure goods, eg watching a film, visiting a park.
I would like to explore ...
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1answer
86 views
Rothschild-Stiglitz working paper?
I recently rediscovered Rothschild and Stiglitz's classic paper, "Equilibrium in Competitive Insurance Markets".
In footnote 7, they refer to an earlier version of their paper for details on the ...
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1answer
68 views
What are the contents of “Recursive Macroeconomic Theory”
I am trying to self-study macroeconomics. I just read parts of "Advanced Macroeconomics" by Romer, and found it a good, intuitive introduction to more advanced models (I have also read a more basic ...
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Book summarizing microeconomic behavior of specific industries?
One of my upper level econ classes was called Government and Business
We basically looked at how public policy affected firm, and industry performance - as well as the market process as a whole.
...
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2answers
72 views
Philosophy books for decision theory and economics idea
I have learned economics so far, the most astonishing economics' thing is its though which is talkable and visually in the real world or the abstract world that is worth researching and talking. What ...
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0answers
42 views
Social conflicts in economic growth models
I'm highly interested in theories and models which explain how do social conflicts influence economic growth.
What papers on the topic can you recommend? I was searching for some seminal and most ...
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0answers
34 views
Simultaneous consumption tax and subsidy
Suppose the government introduces a simultaneous tax and subsidy on a consumption good, which is produced under perfect competition. If the tax and the subsidy are equal, then there will be no ...
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2answers
59 views
Book recommendations: National income accounting and IS-LM model
Basically I'm interested in solving tricky thought provoking exercises based on National income and on IS LM model. I've read mankiw but it didn't satisfy my needs.
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1answer
24 views
Is profit margin the same as net profit margin?
I'm quite confused by these two terms because different websites define them differently.
3
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2answers
87 views
Why would minimum rent under franchise arrangements for McDonald's decrease year by year?
I am working on a project regarding the refranchising strategy of McDonald's and came across this piece of data in their 2014 annual report. My understanding of minimum rent is that its a fixed amount ...
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1answer
50 views
Competition and welfare - empirical evidence
Consider the following claims:
less competitive markets deliver worse outcomes for consumers,
less competitive markets deliver lower social welfare,
less competitive markets deliver higher prices/...
