Questions tagged [reference-request]
requests for information about papers, books, or other sources that address a particular economic question or issue.
532
questions
3
votes
1answer
18 views
Auction theory reference request
I am interested in finding the literature or at least some references (books, journal papers etc.) for the following problem:
Suppose there is an auction with one seller and one buyer. The seller ...
0
votes
0answers
19 views
Regarding the source of an economics lecture material
Economics lecture material from California State University
The above link is to an Economics lecture material from California State University. The material is really good. I couldn't find the ...
3
votes
1answer
29 views
Does one include inflation when computing elasticity?
I am attempting to compute the price elasticity of a good with the help of a time series, and am unsure whether to correct the prices for inflation. Is there a standard argument for one or the other ...
2
votes
1answer
23 views
Capital Recovery Factor for Hyperbolic Discounting
I'm looking for a closed-form capital recovery factor when hyperbolic discounting is used. The Wikipedia article on hyperbolic discounting has this formula for the "present value of a series of equal ...
1
vote
0answers
8 views
Reference request: modeling firms that act to create demand for their products
(I don't have an economics background; apologies if my terminology is confusing.)
It seems like there is often a situation where a firm can take actions to create demand that did not already exist. ...
0
votes
1answer
16 views
What is the average percent of value an employee makes which he gets on salary (called)?
I'm looking for any statistics showing the average percent of money employees get from the monetary value they create, primarily from the US or EU. Is there a term for this ratio?
2
votes
0answers
16 views
Incentive compatibilty conditions for multi-item auctions
In this paper by Myerson on optimal single item auctions, the incentive compatibility condition is shown to be equivalent to the following simpler conditions on the auction - (i) the allocation ...
0
votes
1answer
23 views
Country specific economic recession/financial crisis data?
Many financial crises are at the global level, yet some of them can be country-specific, especially the ones connected with political instability.
For example, the 1990 recession of Russia, the 1958 ...
0
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0answers
24 views
Statistical distribution of firms by revenue in competitive market
I would like to produce a simple distribution of competitive market firms based on their revenues. I know the number of firms in the market n, the total market ...
0
votes
2answers
25 views
Where can I read more about formula (G-T)= -(S-I) -(X-M)? And how is this formula called?
I saw this formula in following context:
I want to create Banker State. It's supposed to rely on profit from loans instead of taxes. I would like to keep taxes as low as possible.
Reply: what ...
1
vote
1answer
41 views
Are revealed preferences normative or positive notion?
I always thought from my understanding of the terms normative and positive that revealed preferences are a positive concept. For example, saying Anakin prefers grass to sand (i.e. $U(g)\succ U(s)$) is ...
1
vote
1answer
27 views
Breadwinners by class
I have a hypothesis that single-income families greatly increase as you get into the mid to upper middle class bracket. And that 2+ income sources are common in lower classes and also the extremely ...
1
vote
1answer
35 views
Where to find a brazilian claim from german geologist Eschwege?
In Das Kapital, ch I.1, Marx says that german geologist Eschwege claims that
total product of the Brazilian diamond mines for the eighty years
ending in 1823 still did not amount to the price of ...
1
vote
1answer
48 views
Who is Jacob? And where did he say this?
In Karl Marx "Das Kapital", in Ch I.1 we find this quote
"Jacob questions whether gold has ever been paid for at its full
value."
Is Jacob Vanderlint? Where in his book “Money Answers all ...
0
votes
2answers
14 views
What are macro-economics simulations horizons and limits possible with exascale computing?
What are typical examples in literature of large scale simulations of macro-economies of our time as of 2019 and what will change with the introduction of exascale computing? In terms, are there ...
3
votes
2answers
1k views
What precisely is scarcity?
I'm aware that certain terms in economics have precise definitions that don't necessarily line up with our intuition about what they mean. I'm currently writing a paper that heavily relies on the ...
1
vote
0answers
11 views
Can the effect of different prices of gasoline at different gas stations be measured?
I am looking for studies in which the effect on demand of different prices of gasoline at different gas stations in the same area is measured or estimated (on the same day or hour).
This question ...
0
votes
1answer
38 views
Study guide (and…) for “Intermediate Microeconomics with Calculus” by Varian
I have been googling study guides, solution manuals and other helpful material made by professors. But I have not found anything useful.
Q: Do you guys know anything that will make the book easier ...
2
votes
0answers
15 views
Economics of Health Textbook Recommendation
Was wondering if anyone who has taught a class on health economics could give some background on which textbook they used for their class and why.
It seems like "Healthy Economics" by Bhattacharya, ...
1
vote
1answer
17 views
Papers on the rate of returns for government-run pension plans
I'm looking for papers studying the implied rate of return for various government pension programs around the world. Both historical and expected returns. Or any study that looks at the taxes for the ...
1
vote
3answers
80 views
How long can I live in the United States with my German monthly income?
I see different (more or less abstract resp. specific) approaches to compare wealth (of individuals, regions, and countries):
by living standards
by living expenses
by incomes/salaries
by purchasing ...
0
votes
2answers
96 views
The relationship between profit and wages
It seems obvious that an individual company increases their profits when they reduce wages or increase automation or some such.
But if wages fell universally because of this, wouldn't that decrease ...
0
votes
1answer
20 views
Externalities from motor vehicles - more recent estimates?
I am looking for estimates for the externalities from motor vehicles.
There's an excellent paper "Automobile Externalities and Policies" (2007) on this exact issue, but it's a bit old now.
I was ...
0
votes
2answers
33 views
Persistent changes in relative prices due to productivity differences
I read a couple of years ago that in the long run (in centuries) the relative price between, say, schooling and agriculture keeps increasing, since the latter sector gets more and more productive, ...
0
votes
1answer
64 views
Who took utimatum game and dictator game as the evidence against Homo Economicus assumption of individual utility maximization?
Wikipedia and this McGill University page states that the two games "have been taken as both evidence for and against the Homo economicus assumptions of rational, utility-maximizing, individual ...
2
votes
1answer
63 views
What are some historical examples of laissez-faire capitalism?
I suspect both supporters and detractors of laissez-faire capitalism have some historical examples in mind that they consider reasonably close to an ideal or to a "natural experiment". (The examples ...
-1
votes
1answer
54 views
Consequences of removing hard currency [closed]
If an appropriate electronic system were implemented governments would know how much money there is in circulation, who has it and if some illegal transaction has been done.
This measure could help ...
2
votes
0answers
22 views
Going from DRMs to Indirect Mechanisms
I have recently started studying mechanism design (after having taken a basic graduate micro course) through Borgers' 'Introduction to the theory of mechanism design'.
I was wondering if people are ...
1
vote
0answers
28 views
Is Bayes correlated equilibrium relevant for dynamic games?
Consider the following classification of solution concepts
...
2
votes
0answers
33 views
How far must one reason up the belief hierarchy?
In games of imperfect information, one must reason about the belief on the state of nature, the beliefs of other player's beliefs of their beliefs, and so on. This is referred to as the belief ...
0
votes
0answers
11 views
Reference Request: The Effect of Wealth in Society
I am new to the subject and I am looking for some help.
It goes without saying that the economy is the center of society, and the theory of economics deals with that, But I am especially interested ...
3
votes
2answers
135 views
Alternatives to Capitalism and Communism
Are there any remarkable economists who have envisioned alternative economic system to the ones previously tried? I'm looking for realistic economic system models and their authors.
1
vote
0answers
14 views
Useful models/theory private debt and borrowed constrained households
In macro oriented research papers the role of private debt is discussed and that apparently when there is a lot of private debt in the economy, households tend to be borrowed constrained..
Could ...
0
votes
0answers
36 views
The world's largest companies
There are several criteria (or key figures) to list the world's "largest" companies, giving quite different lists:
revenue (in \$)
profit (in \$)
assets (in \$)
market capitalization (in \$)
number ...
3
votes
2answers
57 views
Quantity theory of money: microfoundations
The quantity theory of money states the price level is proportional to the amount of money in circulation. That is, if the quantity of money increases by some factor $k$, the price level will increase ...
0
votes
0answers
16 views
The Econometrics of Pay-To-Play In Youth Sports
Question: Are there any econometric theories that are applicable in studying what is commonly referred to as Pay-To-Play, in the world of youth sports.
I want to preface by stating that I am not an ...
0
votes
0answers
34 views
game with payoffs defined by some stochastic process
I am trying to find examples of games that follow a similar line to the following. There are 2 players and the corresponding strategy set is $S_{i} = {x_{1}, ..., x_{m}}$ for $i = 1,2$, with $m > 1$...
1
vote
0answers
16 views
Assessing the ability of dividend yields to predict stock returns using out-of-sample forecast errors
In Introduction to Econometrics, 3rd Edition, by Stock and Watson, there is a short example about evaluating the ability of using dividend yields (current dividends over price) to predict future stock ...
4
votes
6answers
757 views
What are some further readings in Econometrics you recommend?
I've reached the end of my Econometrics courses for the undegraduate level at my university, but I would like to continue learning. I hope I could get some recommendations for further reading. I ...
2
votes
0answers
40 views
Estimating CES utility (not production) function parameters
The CES utility function has the form
\begin{equation}
u(x_1,\dots,x_n)=\left[\sum_{i=1}^n\alpha_ix_i^\rho\right]^{1/\rho},
\end{equation}
where $\alpha_i$ is the consumption share parameter and $\...
0
votes
0answers
17 views
Predicting long term asset returns
I am currently trying to form an overall asset allocation strategy which combines base strategic allocation and tactical shifts. My model already incorporates the tactical shifts using various factors ...
1
vote
0answers
21 views
Is There a Good Companion for Theory of Moral Sentiments
I am reading "The Theory of Moral Sentiments" by Adam Smith. There's a lot of technical, and/or dated language. Is there a good companion to read this with?
0
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0answers
13 views
Related Literature about Exports
I am working on my master thesis, where I investigate the impact of the Russian embargo on Georgia's exports. I have already identified my dependent variable, as well as the variables of interest. ...
0
votes
1answer
23 views
Utility functions of countries
In international relationships, often the interacting agents are countries. For example, countries negotiate, sign agreements, give loans to each other, trade, etc. Thus it is interesting whether ...
0
votes
0answers
38 views
Household utility functions
In basic consumer theory, there is an individual consumer who has a utility function, this function induces the individual's demand (given budget and prices), and this in turn determines the ...
1
vote
0answers
19 views
Reference Request for Planned Economies
I'm asking this board for resources and figures on the Soviet command economy, specifically good places to start.
I understand this question has political connotations, and that there are claims of ...
4
votes
1answer
54 views
Is there any mainstream criticism of the Benes-Kumhof conclusion that the Chicago Plan would improve the US economy nowadays?
A 2012 IMF Working paper by Benes and Kumhof "The Chicago Plan Revisited
" has this abstract, finding in favor of the Chicago Plan an all counts basically:
At the height of the Great Depression a ...
0
votes
0answers
22 views
What are the hot topics (sub-fields) in the International-trade to pursue for the research work?
I am interested in trade economics. Suggest me some hot topics and authors in the field. Different dimensions of trade economics. Use of game theory, networks etc.
2
votes
0answers
53 views
Are there any studies, academic papers or articles that defy “common” knowledge", i.e that patents give an incentive for R&D to private business?
In Economic Growth and particularly dynamic optimization. My professor taught us that an intertemporal allocation is a dynamic optimum(Pareto Optimum) only if(necessary condition) at any given ...
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0answers
17 views
Do you know any paper that discuss the effect of the deterrence of fines of individuals' behaviours? What is the difference between a fine a fee?
According to Gneezy and Rustichini the presence of an extrinsic reward in activities with a level of intrinsic motivation (e.g. volunteering) reduces intrinsic motivation, thus it may determine ...
