# All Questions

8,610 questions
Filter by
Sorted by
Tagged with
319 views

### Straub and Werning, 2014, on zero capital taxation

This is a test balloon to see whether these kinds of questions are appreciated/welcome on Econ.SE: I had a hard time grasping Straub and Werning (2014) (no paywall). I understand the general ...
171 views

### Rationality and Common Belief in Rationality in Brandenburger & Dekel (1987)

One of the fundamental results in epistemic game theory is that the solution concept of correlated rationalizability gives exactly those action profiles that are compatible with rationality and common ...
727 views

### Complete Markets in Continuous Time

In the standard discrete time economies with a finite number of states, $n$, a complete markets economy is simply an economy with $n$ independent assets (Think Ljunqvist and Sargent Chapter 8). This ...
5k views

### Fixed vs pegged exchange rate: What's the difference (if any)?

I am told very firmly by an economist that a pegged exchange rate is NOT the same thing as a fixed exchange rate. So what, if any, is the difference between the two? Addendum: Here's one webpage ...
321 views

### Lee and Saez (2012): Pareto-Improvement?

I'm interested in the following quote that came up in this earlier answer. Second, when labor supply responses are along the extensive margin only, which is the empirically relevant case, the co-...
697 views

### Purchasing Power Parity (PPP) and Law of One Price (LOP)

If PPP were to be satisfied in reality, does that mean the Law Of Price is satisfied for all goods in a basket of goods used to generate the price levels of the country? Or, since PPP uses only ...
3k views

### Empirical estimates of CRRA and CARA utility

I am working on macroeconomic model and I need to calibrate it. I am looking primarily for a statistically-founded estimate for the coefficient of relative risk aversion in the CRRA utility function ...
43 views

67 views

### Buy-or-sell deal when there is cash shortage

A company is owned by two partners: partner $A$ holds a fraction $a$ and partner $B$ holds a fraction $b$ (with $a+b=1$). Partner $A$ wants to break the partnership. A common procedure for this is ...
215 views

### Models for inflation prediction

I am looking for some statistical models that are accepted to best predict inflation rates. Anything that is more complicated than linear model will be appreciated. Or even recommend books that ...
81 views

### Is there a name for this family of games (Binomial games?)?

I'm wondering if there's a name for a $n$-player symmetric game, such that the payoff for player $i$ playing strategy $j$ only depends on the number of other players which played $j$. Such family of ...
59 views

### Is there any historical example that a market is shrinking down after competition?

I was told that the advertising market as a whole shrank after Google became part of the marketing industry. Apparently, the decrease occurred in offline markets as well as online markets. Is this a ...
123 views

### What is the effect of redirecting government tax intake to a consumer retirement saving incentive?

In New Zealand we have a retirement saving scheme called Kiwisaver. The scheme is opt in. If a consumer opts in, they must save at least 3% of their income, which they can't access until retirement. ...
927 views

### Overview book about economic theories

I'm looking for a good book that gives an (introductory) overview about the existing economic theories and the different schools of thought (optimally with focus to those that affect governments and ...
84 views

### Is there always at most one full-support extreme symmetric equilibrium?

Given a ($n$-player) symmetric game and two equilibriums $s_1,s_2$, is it true that if the support (the set of strategies with positive probabilities) of $s_1$ is identical to the support of $s_2$ ...
218 views

### Growth Accounting

In growth accounting the production function is defined as follows: $$Y= AF(K,L)$$ That means output $Y$ is dependent upon capital $K$, labour $L$ and technology $A$. Now to produce something, in ...
2k views

### Use of mathematics and imprecise definition of terms

As a postgraduate student of economics I've been trying to expand my mathematical "toolset". While doing so I've talked to engineers, physicists and mathematicians, many of which have disdained the ...
1k views

### On the relationship between income distribution and GDP

I was thinking about the following simple example when I wondered what the theoretical effects wealth equality or inequality may have on GDP: Suppose there is a society with three individuals who ...
884 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 (...
2k 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 ...
157 views

926 views

### Graduate Level Textbook on Labor Economics and Macro-Labor

What would be good textbooks at the graduate level that deal with Labor Economics and Labor-Macro (As in, Equilibrium Unemployment Theory, Shimer Puzzle etc)?
1k views

### Is stock investment an example of demand curves that slope upwards?

The law of demand implies that when the price of a good rises, people buy less of it. This makes the demand curve slope monotonically downwards. A textbook exception is the so-called Giffen good that ...
4k views

### Absolute vs Relative Risk Aversion

Are there results that says the monotonicity of one measure of risk aversion implies the monotonicity of the other measure? For example, Does constant relative risk aversion imply decreasing ...
359 views

### Aren't all cost functions step functions?

Long Question: Overview: While I understand that over certain intervals (i.e. less than the width of the step), they may appear not to be because the step is outside of consideration, and over other ...