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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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84 votes
20 answers
17k views

What are some results in Economics that are both a consensus and far from common sense?

What are some results in Economics that are both a consensus between most economists and far from common sense? I would also welcome suggestions of clear definitions for what we should mean as ...
35 votes
9 answers
1k views

Are there any non-paywalled reputable economics journals?

I'm contributing to another open-source economics project, and was looking to compile a list of primary sources for modern developments in the field. Basically something to help bridge the (...
Jason Nichols's user avatar
20 votes
5 answers
6k views

Where to start learning economics as a mathematician?

I study pure mathematics at university and I'm looking to get into economics, with pretty much no background knowledge about it. Are there good sources to learn from with a decent mathematical ...
user1633011's user avatar
18 votes
2 answers
5k views

The efficacy of death penalty in reducing violent crimes

Common sense says that the provision of death penalty would make it costlier for people to commit crimes like murder or rape, thus reducing the expected payoffs and accordingly the occurrence of such ...
Ishan Kashyap Hazarika's user avatar
16 votes
1 answer
3k views

Solving the Hamilton-Jacobi-Bellman equation; necessary and sufficient for optimality?

Consider the following differential equation \begin{align} \dot x(t)=f(x(t),u(t)) \end{align} where $x$ is the state and $u$ the control variable. The solution is given by \begin{align} x(t)=x_0 + \...
clueless's user avatar
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15 votes
2 answers
2k views

How much do second-hand good purchases affect first-hand demand?

For the purpose of this question, I'm only interested in relatively cheap goods (clothing, appliances, furniture, phones), not extremely substantial purchases like cars or houses. Proceeding from ...
H Huang's user avatar
  • 368
15 votes
3 answers
911 views

The Economics of Coronavirus

People are concerned about the economic impacts of the virus. How severe will the economic downturn be? Will the coronavirus cause a global recession worse than the 2008 crisis? I'm not looking here ...
emeryville's user avatar
  • 6,990
14 votes
5 answers
7k views

Should I stay or should I quit?

Is there an economic theory of quitting an activity? A theory that weighs the investment costs put into something and the opportunity costs of pursuing it. I am aware of Fershtman and Gneezy ...
emeryville's user avatar
  • 6,990
14 votes
3 answers
220 views

Current knowledge about the empirics of consumer theory

I would like to get up to speed on the current state of empirical work done to test the assumptions and predictions of consumer theory (think Chapters 1, 2, 3, and 6 of Mas-Colell et al.). Can anyone ...
Ubiquitous's user avatar
14 votes
3 answers
420 views

Economics of Homelessness: Are housing prices to blame?

Lots has been written in terms of the social context of homelessness. Often attributing the causes due to mental illness, previous criminal activity and addiction. I've been wondering, how much of a ...
EconJohn's user avatar
  • 8,407
14 votes
2 answers
4k views

Larry Summers on the causes of secular stagnation

In an influential speech on November 8, 2013 at the IMF Annual Research Conference, Larry Summers suggested that slow economic growth in the years following the 2007–2008 financial crisis might be due ...
Marko Amnell's user avatar
13 votes
7 answers
4k views

Textbook for macroeconomics (advanced undergrad)

I find that many contemporary macroeconomics textbooks are too applied, filled with examples, case studies and intuitive illustrations, often at the expense of quantitative rigour and therefore the ...
Constantin's user avatar
13 votes
1 answer
317 views

Quality of French wine in the US vs French wine in France

I remember reading a study/paper saying that the AVERAGE bottle of french wine drunk in the US is better than the average bottle of french wine drunk in France, due to the fact that nobody bothers to ...
Jason Coyne's user avatar
13 votes
2 answers
623 views

Uses of convex analysis in Economics

I'm taking kind of a crash-course in convex analysis to complement my mathematical skills and was wondering if anyone knew about nice ways in which this kind of tools were used in Economics. To be ...
BVJ's user avatar
  • 380
13 votes
2 answers
4k 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 ...
ApplePiePoodle's user avatar
13 votes
3 answers
403 views

What have been the main developments in macroeconomics and financial economics since the 2008 financial crisis?

In the aftermath of 2008 economists were, fairly or not, blamed for a failure to foresee the coming crisis. Ideas such as "The Great Moderation" and market efficiency were openly ridiculed as ...
Ubiquitous's user avatar
12 votes
2 answers
308 views

Economics of forgetting

I'm interested to know economic justifications of forgetting in various fields. On example is Green and Porter(1984). To sustain a Cartel, Cartel members have incentive to forget deviations in a ...
Metta World Peace's user avatar
12 votes
1 answer
269 views

Is there a folk theorem for repeated games on networks?

Games on networks have been studied extensively, however, I was not able to find a folk theorem for games on networks. Is there one or can it be derived from an already existing folk theorem? With ...
The Almighty Bob's user avatar
12 votes
2 answers
2k views

Depreciation and second-hand markets for bicycles

Probably the answer to this question is "business as usual", but I've observed of late that the market for bicycles is pretty weird. You can buy a brand new factory-produced bicycle in the US (I'm ...
Hot Licks's user avatar
  • 356
12 votes
1 answer
887 views

What are estimates of the elasticity of demand for credit with respect to interest rates?

When interest rates go up one percent (not one percentage point), what happens to demand for credit? I've only been able to find two papers in this area: Gross and Souleles (2001) study credit cards ...
BKay's user avatar
  • 16.3k
11 votes
3 answers
1k views

Game theory for showing interest and availability when dating

The more cynical (or perhaps realistic) of us would argue that there's a fair amount of game theory going on in the dating game. For example a classic ploy is 'Don't ring for three days, because you ...
dwjohnston's user avatar
  • 2,036
11 votes
4 answers
1k views

Are there any economic peer-reviewed journals dedicated to, or at least committed to publishing, replication studies?

Because it is widely perceived that generally science has a reproducibility and replication problems recently some replication journals were set up such as ReScienceX (see Roesch & Rougier, 2020). ...
1muflon1's user avatar
  • 57.2k
11 votes
2 answers
495 views

The Case for Basic Income in developed and underdeveloped countries

From what I can tell, the idea of the basic income guarantee is very popular in some circles as an excellent alternative to a lot of modern welfare systems. Has anybody developed a theoretic or ...
Jamzy's user avatar
  • 3,761
11 votes
1 answer
1k views

Examples of Applied Micro Paper with R (!) Code and Data in Public Repository

Can anyone suggest examples of relatively simple applied micro papers (e.g. an RCT or straightforward regression model) of possible interest to a general audience, that have their data and code, ...
Garret C's user avatar
  • 111
10 votes
7 answers
6k views

Mathematical Micro/Macro Economics Textbook Recommendation

I was formerly an economics major and now also majoring in mathematics. I want a textbook that is rigorously based on mathematics; not just using mathematics whenever the author wants, but in a more ...
Taxxi's user avatar
  • 203
10 votes
4 answers
1k 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 $\...
Herr K.'s user avatar
  • 15.5k
10 votes
4 answers
1k views

Thesis-advisor/student pairs that won the nobel prize

I am trying to compile a list of winners of the Nobel memorial prize in economics whose thesis advisor also won the prize. So far I have ...
Ubiquitous's user avatar
10 votes
4 answers
7k views

What are some good graduate-level econometrics books for someone with a strong mathematics background?

Related: Book recommendations on empirical methods in economic research and econometrics? I would like to focus mainly on graduate texts in Econometrics. From the question above, I gather that ...
Clarinetist's user avatar
10 votes
8 answers
3k views

Macroeconomics Textbook on New-Keynesian models

I'm looking for textbooks that explain the New-Keynesian models, without taking shortcuts on the mathematics, that would go in depth on the derivations of the formulas. I appreciate rigour, and ...
An old man in the sea.'s user avatar
10 votes
1 answer
434 views

Applications/generalizations of a theorem of Debreu

I would like to know how the last theorem in Debreu's paper "Neighboring economic agents" (La Decision 171 (1969): 85-90; reprinted in G. Debreu, Mathematical Economics: Twenty Papers of Gerard Debreu ...
Jefferson Huang's user avatar
10 votes
1 answer
374 views

Are there papers in evolutionary game theory that are influential in economics?

The concept of evolutionary game theory has been around for about forty years. The mathematical details are worked out quite well. Yet this discipline is usually a side note in game theory classes and ...
Giskard's user avatar
  • 29.4k
10 votes
1 answer
403 views

Has the assumption that individuals' tastes do not change over time been rigorously challenged?

In their seminal paper De Gustibus non est Disputandum, Stigler and Becker (1977) surveyed four classes of phenomena widely believed to be inconsistent with the stability of tastes: addiction, ...
emeryville's user avatar
  • 6,990
10 votes
1 answer
78 views

Lab experiments for a course in standard contract theory

I am teaching a course in contract theory based on the textbooks by Bolton/Dewatripont and Laffont/Martimort. I would like to briefly present some lab experiments to illustrate basic insights of ...
dan84's user avatar
  • 101
10 votes
1 answer
156 views

The median as a welfare function

In an economy with several agents who have different utility functions, it is common to define a welfare function, defined as an aggregate of the utility functions of the different agents. Then we can ...
Erel Segal-Halevi's user avatar
10 votes
2 answers
396 views

Does economic theory support the notion that the wealth of the wealthy is based on the poverty of the poor?

Almost any discussion about poverty and wealth and income inequality at some point includes arguments based on the premise that the wealth of the wealthy is causally related to the poverty of the poor;...
Constantin's user avatar
10 votes
2 answers
225 views

Fair voting procedure when there are many issues

When several people have to decide about a single yes/no issue*, the natural decision rule to use is the majority rule. But when there are many issues to decide upon, the majority rule is "unfair" ...
Erel Segal-Halevi's user avatar
9 votes
6 answers
313 views

Getting up to Date on Macro

I have undergraduate level experience in macroeconomics...but I want to do some further learning to try and acquaint myself with where mainstream macroeconomics is at the moment in the hopes that I ...
SocraticParadox's user avatar
9 votes
5 answers
1k views

Are terrorists rational?

Terrorism in general, and suicidal terrorism in particular, is popularly seen as “irrational,” but many economists and political scientists argue otherwise. This quote is from Terrorism: The ...
emeryville's user avatar
  • 6,990
9 votes
6 answers
303 views

Game Theory Book

I am looking for a book on game theory, but I am not looking for a textbook. What I am after is more of a narrative form book that still provides valuable insights about game theory that I can pick up ...
Jordan's user avatar
  • 91
9 votes
2 answers
153 views

Statistical models which represent the impact of strict measures vs no strict measures (and less economic impact), enforced due to Covid-19

I have been wondering whether there are statistical models like this one, (which estimated the deaths caused by the virus itself) that estimate the deaths caused by the economic turndown. There is an ...
user's user avatar
  • 49
9 votes
2 answers
2k views

What's the name of that famous economics paper that was written using only short words?

Some time ago I came across a famous economics paper that was written using only very simple very short words. I cannot remember the exact criteria for choosing the words. All I remember is that ...
user47920's user avatar
9 votes
4 answers
8k views

Existence of utility representation of a rational but discontinuous preference

This is related to Do discontinuous preferences imply no continuous utility function? I think the title of the above-linked question is phrased in such a way that obscures a subtly different but more ...
Herr K.'s user avatar
  • 15.5k
9 votes
3 answers
676 views

Economics Online Seminars

As education moves to the internet, so are research seminars. Some of these seminars are regular and others appear to be temporary due to the covid-19 and the lockdown. Here are some examples from ...
emeryville's user avatar
  • 6,990
9 votes
2 answers
537 views

Where to start with social networks?

I'm working on my master's thesis in industrial organization and I have a model that is based on social networks. I have had two courses about social networks (one more focused on basic industrial ...
BVJ's user avatar
  • 380
9 votes
5 answers
1k views

References for particular definitions of risk and uncertainty

I have some doubts about risk vs. uncertainty. I have read the thread "What is the difference between risk, uncertainty and ambiguity" and have skimmed through Knight's "Risk, Uncertainty, and Profit" ...
Richard Hardy's user avatar
9 votes
2 answers
342 views

Gale-Shapley Follow-up Literature and General Questions

The Gale-Shapley Algorithm is a way of matchmaking between two different entities of people. It guarantees that every individual player is matched and that the matches are stable. What sort of ...
Kitsune Cavalry's user avatar
  • 6,648
9 votes
1 answer
243 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 ...
Theoretical Economist's user avatar
9 votes
1 answer
543 views

Generalization of the Heckscher-Ohlin Model

The Heckscher-Ohlin Model is normally presented for the case of 2 countries, 2 factors of production and 2 traded goods, leading to statements that, subject to free trade and various other assumptions:...
Adam Bailey's user avatar
  • 8,529
9 votes
1 answer
134 views

Which economic research articles or books use anthropological methods?

Most of the social sciences and even disciplines have a stable relationship with economics. And rightly so because our world is so interconnected. But there are certain fields which remained separated ...
hedphelym's user avatar
  • 201
8 votes
8 answers
2k views

Are there examples of state banks in history?

Today most banking is private. Has there been any period in history where banking was (in part) state-owned and why was it privatized?
CuriousIndeed's user avatar

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