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Cardinal Voting, Incentive Compatibility and Secrecy

Is there any available/feasible/practical way to make a Cardinal Voting both Incentive Compatible and Secret? A method to make a cardinal voting incentive compatible would be to force them to put ...
17 views

Which market category does this sustainable product belong to?

I'm currently working on an assignment, which is making an export plan for a product aimed at Asia. However I can't define the market of my product. My product is basically an artificial riverbank; ...
22 views

What prevents a government to issue debt to finance riskier investment?

Germany's government has a 10Y bond yield of -0.336% (http://www.worldgovernmentbonds.com/country/germany/). Meanwhile, Brazil has a 10Y bond yield of 6.415% (http://www.worldgovernmentbonds.com/...
12 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, ...
26 views

Negative correlation conditional variance and return

I've estimated a GARCH for S&P 500, Nikkei and DAX index. The model for the return of S&P 500, the results indicate the return of DAX has an negative effect on the S&P 500 conditional ...
10 views

Why does Canada have only half the taxes of the UK in the OECD NTCP data?

This data sums taxes with healthcare contributions, private or not, so not surprisingly the US scores high on that measure. But why is Canada so suspiciously low? I mean Canada has less than half (11....
43 views

When everyone sells at an event of a recession, who buys?

I'm trying to walk through and understand the basic events of the great depression. I understand that at one point (Black Thursday) the news of a downfall of stock prices hit investors, so they ...
9 views

Forward Currency Exchange

Could anyone help me understand the forward bid and ask for PLN/RON for the next 3 months. I know : Bid - Ask EUR/RON 4,7261 - 4,7309 CAD/RON 3,2302 - 3,...
19 views

Linking creeping inflation to industrial revolution

The russian wiki on price revolution says Ползучая инфляция стала тем стимулом, который привёл в конечном итоге к промышленной революции, which translates to in the end result, the creeping inflation ...
41 views

What is equilibrium dependent upon in Generalized Second-Price Auctions?

Theory states that GSP auctions induce truthful bidding. Is it the case that this is true ONLY IF a) each of the bidders truthfully bids their value ($b_i = v_i$) (each bidder's optimal strategy) ...
38 views

Why can we write any lottery as a convex combination of the degenerate lotteries?

I know that a degenerate lottery is a lottery that yields outcome $n$ with probability $1$ and I also know the definition of convex combination: given $x_{1},x_{2}, \cdots ,x_{n} \in \mathbb{R}$, a ...
33 views

Modeling market growth, without compound interest or regression

I am working on predicting the growth of a certain market. Traditionally, this is done through a simple compound interest model: $$ThisYear'sMarket * (1 + g)^n$$ What would be a better way to ...
81 views

What's the opposite of a Pareto improvement called?

Wikipedia defines a Pareto Improvement, "given a certain initial allocation of goods among a set of individuals" as: a change to a different allocation that makes at least one individual or ...
33 views

What is 'repo' in banking

I keep hearing about repo rate etc. But this question is not what is the repo rate. It is: What is a definition of 'repo' ?
26 views

Question Regarding Equilibrium Price & Surplus

So here's an example of a standard Supply & Demand Relationship for an Individual Supplier: As a supplier, for 1 dollar, I'll produce 1 unit of something. For 2 dollars, I'll produce 2 units, for ...
44 views

How much do the concepts and methodologies of GDP, CPI, PPP overlap?

Indicators of greatest importance in macro-economics are: the gross domestic product (GDP → comparison and growth of wealth) the consumer price index (CPI → inflation rate) purchasing power parity (...
17 views

How to maximize total revenue on constant elasticy curve

So to maximize total revenue, we sell at the price on the demand elasticity curve where elasticity=1 right? Lets say on one curve, the elasticity throughout the curve is equal to 1.5? How much should ...
16 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 ...
21 views

Meaning of Exchange rate

Does exchange rate of local currency relative to US dollar mean LOC/USD or USD/LOC ?
62 views

What could be an example of equity-efficiency tradeoff in healthcare, social protection or defense? For environment I did think of pollution permits that can cause geographical differences in ...
63 views

Does quasi-concave utility function imply convex indifference curve?

It is well-known that convex indifference curve (i.e. the function is convex)/ preference would imply quasi-concave utility function. But does quasi-concave utility function imply convex indifference ...
19 views

How does definition of “price equilibrium with transfer” also include the case for the definition of “walrasian equilibrium”?

According to MWG and this answer, walrasian equilibrium is a special case of price equilibrium with transfers. However, since wealth distribution is predetermined in walrasian equilibrium, would it ...
27 views

Congruence of GDP as calculated by production and by consumption

Here I've read the following (translated by Google) GDP can be calculated in two ways: firstly, by origin, that is, by estimating the value of all goods and services produced, and secondly by ...
34 views

Why does average variable cost = marginal cost for this function?

I was hoping someone could explain the following. Suppose the short-run total cost function is TC = 50 + 12Q. Which of the following statements is true at all levels of production? The correct answer ...
14 views

Labor Economy Question [closed]

Assume skilled TRNC citizens have a relatively easy access to the job markets in UK, EU, Australia and Canada, while the access of unskilled TRNC citizens to those markets is more limited and wages in ...
Utility function $u(x)$ is monotonic. I want to prove that $u(x)$ exhibits risk aversion if and only if for all lottery $F$: $E(x) \geq CE(F,u)$ (CE is certainty equivalent). (Definition of $CE$: the ...