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21 views

Military and Business Strategy

I am thinking through the parallels between military and business strategy but am stuck on a foundational aspect. Most of business strategy results from some kind of competition in order to gain ...
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0answers
27 views

public good contribution game theory

Public Good Contribution: Three players live in a town, and each can choose to contribute to fund a streetlamp. The value of having the streetlamp is 3 for each player, and the value of not having it ...
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0answers
9 views

Equivalent Variation of Price Change

If Bernice (whose utility function is min {x; y} where x is her consumption of earrings and y is money left for other stuff ) had an income of \$12 and was paying a price of \$3 for earrings when the ...
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1answer
18 views

Do carbon taxes in place today apply to carbon embedded in imports?

I’m giving the example of Sweden whose carbon tax is highly regarded and which is the highest in Europe. Source Sweden has a carbon tax of €110 / t. Source This tax does not apply to installations ...
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0answers
145 views

How does locking down a country cause its economy to suffer?

As of time of writing, many countries have been in lockdown for weeks or months, and the economic data coming out of that is usually quite grim. I'm wondering how being in lockdown relates to poor ...
1
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0answers
12 views

What would the price of carbon emissions need to be for the EU to achieve its objective to be carbon neutral by 2050?

The EU committed to net zero green house emissions by 2050. (Source) It is regularly said that the a carbon tax of USD 40-80 / t CO2e (USD 50-100 by 2030) would be sufficient to reach the Paris ...
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1answer
30 views

proof of uniqueness of Dominant strategy equilibrium

This exercise is from book: Steve Tadelis, Intro to game theory, chapter 4 exercises. Prove: If the game $\Gamma= \{N,\{S_i\}^n_{i=1},\{v\}^n_{i=1}\}$ has a strictly dominant strategy equilibrium $s^...
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2answers
66 views

Who has the unspent money?

I want to know why we don't talk about the money that people have saved because they are not going to restaurants, barbershops, flying, traveling, etc. I have heard the restaurant business is in the ...
0
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1answer
28 views

How yield rates influence the “cost of borrowing” for borrowers

I am currently learning about quantitative easing, and I am having trouble understanding yield rates and how that influences the "cost of borrowing". This is the resource I am using. The lecturer ...
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0answers
8 views

Why is the demand, supply and Engel curves plotted with the dependant variable in the X axis and the independent variable in the Y axis?

I am new to economics and have read the first 7 chapters in Intermediate microeconomics by Hal R Varian. Throughout the text, graphs are drawn with the dependent variable (Quantity) in X and ...
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0answers
27 views

Exchange rate modeling using a system of ODEs

I am looking for a book that explains exchange rates, capital flows, reserves, trade balance using a system of ordinary differential equations. An economist by the name of Muller-Plantenberg has ...
1
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1answer
38 views

Oil prices forecast methods

Oil prices have a significant impact on the world economy, positive for exporters and negative for importers to oversimplify a bit. They are also known to be highly volatile, and depend on hard to ...
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0answers
8 views

Can there be elasticity for income in an inferior good, when the price is out of its limits?

(Skip to 3. for the actual problem I am facing. Everything else is just to help you understand it better up to that point) Two goods $X$ and $Y$ are substitutionals. For $P_X=20$ consumers ask for $Q_{...
-1
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0answers
34 views

Why is it assumed that savings are equal to investments in macroeconomics? [duplicate]

I mean that savings (all or partially) made by peope can be saved as hard cash (i.e. not in a bank, from where they could later be taken by business for development, i.e. for investment). So why is it ...
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0answers
13 views

Is there a difference between settlement price vs market delivery price or are they the same thing?

I've been learning about Futures Contracts on Khan Academy (The finance related forum on there is quite old and no one has replied to my questions in the past) and the instructor has used the term "...
-1
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0answers
22 views

Subgame Perfect Nash Equilibria

The SPNE's are: ((Sexes,Fink,Movie),(Fink,Movie)) $\forall r\in [0,1]$ ((rSexes+(1-r)Dilemma,Fink,Ballet),(Fink,Ballet)) ((Dilemma,Fink,(3/4)Movie+(1/4)Ballet),(Fink,(1/4)M+(3/4)B)) I am totally ...
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0answers
28 views

Size US Capital Account

I am not able to find the size of the capital account within the balance of payments for the US. Only "net" numbers, does anyone know the size of both sides of this account? They both seam to be ...
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0answers
19 views

Governmental debt after COVID

Is there any well-researched studies published about the effect of increased governmental spending and later deepening debt burden due to COVID? Appreciate that the event is quite recent, but being ...
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0answers
15 views

Difference between contract curve, core and pareto set

In a pure exchange economies, what is the intutive difference between the core and the contract curve as well as the pareto set?
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0answers
25 views

Cost minimization of a production function

A firm produces output according to the production function, $q = L^{4/3}K^{1/2}$ and faces input prices equal to $w = \$20$ and $r = \$80$. What is the minimum cost of producing 1140 units of output? ...
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0answers
61 views

How to derive OLS estimator?

$y_t = B_0 + B_1t$ I have proved $B_0 = \bar{y} - B_1t$ I have found $B_1 = \frac{\sum_{t=1}^T t \cdot (y_t - \bar{y})} {\sum_{t=1}^T t \cdot (t - \bar{t})} $ However I'm supposed to have $B_1 = \...
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0answers
7 views

Is there a definition for ROAS that is not dimensionless?

The most common definitions for ROAS are revenue/cost and (revenue - cost)/cost or ...
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0answers
14 views

Forecast Distribution Dynamic Factor Models

I have a Dynamic Factor Model with Kalman Filter. I would like to get my forecast distribution. Is it possible to estimate PDF of my forecast? If yes, how can I do it?
11
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1answer
4k views

What did “18/9”, “25/”, and “30/” mean in this 1800 British document?

In "The Petition of the Master Taylors of London and its Vicinity, December 1800" (reproduced in Galton, 1896), it is stated the wages and allowances ... were accordingly settled at the rate of 18/...
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0answers
20 views

Calculating real wage in the previous year?

If in the base year the real wage is $.489, inflation in previous year was 5.8% and total wage growth was 13.5%, what was the real wage one year ago? I know at the base nominal wage = real wage. Thus,...
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0answers
17 views

What estimation method is best to conduct event study on non standard monetary policy?

I have collected bond yield data from 01/01/2008:31/12/2019 for several euro-zone countries. I would like to conduct an event study analysis of the main Non standard measures announced by central ...
0
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1answer
23 views

Does the investment component of GDP (demand side) identity include expenditures by the government and households?

In the identity GDP=C+I+G+(X-M) does "I" include expenditures by the government and households? For example, if a construction firm builds new residential properties and a household buys this ...
5
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4answers
393 views

What is an economic crisis?

I'm not sure if this is a silly question or overly semantic but I think the term "Crisis" is misunderstood (or at least misunderstood by myself). There are a number of ways the term is used, namely: ...
1
vote
1answer
75 views

Best response correspondences game theory

I'm studying game theory and there is a slide where I don't quite understand how exactly each value was deduced particularly: For $BR_L(q)$ and $BR_c(q)$. I understand why they are functions of $q$ ...
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0answers
24 views

The number of observations in a time series [duplicate]

I have data from 2006m2 to 2018m9 on the annual inflation rate in in the UK, defined as 100 * $ln(\frac{p_{t}}{p_{t-12}})$. How many observations do I have? I have determined 141, since 156 months ...
8
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2answers
823 views

What is the purpose of monetary expansion during an economic lockdown?

Recently, most developed countries central banks substantially lowered their base interest rate. In Australia, this is now at their stated lower bound of 0.25%. We also have QE. This is all in an ...
-3
votes
1answer
35 views

How do you calculate the price of a good or service adjusted for scarcity?

For example, Widget A is worth \$100 when there are 50 of them available in the market, but the price goes up to $110 when there are only 40 of them left. Widget B is worth \$100 when there are 50 ...
0
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1answer
26 views

Can setting bank's reserve requirement ratio in 100% simulate gold standard?

Statement: If you want a gold standard, it's easier to set bank's reserve requirement to 100%. Context: This was a comment in a video telling how government actions influence monetary inflation. ...
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0answers
14 views

Replicating a Fertility Choice Model

I'm working on the Ahtiuv&Moav work of fertility choice and economic growth. When I want to maximice the main problem I can not do it because I dont know which mathematical tool I should use. ...
0
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1answer
43 views

Calculating price elasticity by asking a “this” or “that” question

Let's say 2 goods exist: A for 10 and B for 20 (B is more premium in this example) If I decrease the price of both goods by 10% and ask: "Do you prefer A for 9 or B for 18 " What sort of insights (...
1
vote
1answer
72 views

Does constant money supply hinder economy?

Consider an hypothetical isolated economy (an island) where: the only form of money is Coins the amount of Coins is constant the Coins are never lost or destroyed In that scenario: can the economy ...
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0answers
17 views

Does placing a price ceiling in a monopoly increase total surplus?

this may seem like a very simple conceptual question but I have been drawing graphs and googling for quite a while and I think I'm just confusing myself. If we haven't set a price yet for the price ...
0
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0answers
28 views

Macroeconomics: Arbitrage equation and the price of stock

If the bank real interest rate is 2 percent, the percent gain in physical capital gain is 2 percent, the marginal product of capital is 3 percent, and the percent dividend return is 5 percent, what is ...
0
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1answer
23 views

Why does neoclassical economics assume preferences are fixed and exogenous in nature?

Why does neoclassical economics assume preferences are fixed and exogenous in nature? Is this because it's just a convenient assumption to make? Does this link with the idea of "De Gustibus Non est ...
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0answers
12 views

Returns to Scale off a figure

This is the table given for levels of output for different levels of inputs. \begin{pmatrix} Q & K & L\\ 100 & 3 & 6\\ 200 & 5 & 10\\ 300 & 7.5 & 15 \\ 400 & 10 &...
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0answers
22 views

Leader-follower-leader games

I am trying to find some literature on a variation of a Stackelberg game in which two players, P1 and P2, interact in the following order: P1 plays P2 plays P1 plays The best guess I have for the ...
0
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0answers
13 views

Elasticity of substitution of a general production function with labor-augmenting technological progress

I am following and trying to fully understand a famous and interesting work of Bentolila and Saint-paul (2003). They try to explain movements of the factor's share in terms of a relationship between ...
3
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1answer
85 views

Marshalian and Hickisian Demands and Slutsky Equation

everyone. I have the following question: A consumer has the following indirect utility function: $ V(p_1,p_2,b) = (p_2k-b)p_1^{-1} \left[ \frac{2p_2k - 2b}{p_2} \right]^{-2}, x_2 < k$ a) Find ...
4
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1answer
58 views

What does the adjective “structural” mean in “structural reforms” or “structural effects”?

Economists frequently speak of structural reforms and structural effects. For example, Manmohan Singh (1992): The economic crisis was used as an opportunity to implement basic structural reforms ...
0
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1answer
29 views

converting sum of consumption basket to integral

In our lecture, first we had expenditure of consumption basket as $\sum_{i=1}^{n} p_{i}c_{i} $ but later my professor converted it to $\int_{0}^{1}p_{i}c_{i}di$. I want to understand how she did this? ...
3
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1answer
90 views

Are there economic studies surrounding the efficacy of gun control?

In light of a recent mass shooting in Nova Scotia, the Prime Minister of Canada intends to ban a lot of firearms. I have seen both sides of this debate, notably whether or not gun control is an ...
0
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0answers
13 views

Aggregate CES Cobb-Douglas utility over different individuals

Suppose I have a CES Cobb-Douglas Utility function: $$U_i=X^{\alpha_i} Y^{1-\alpha_i}$$ Can I add utilities of different individuals meaningfully? I.e, where people have different $\alpha_i$. $$\...
0
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0answers
9 views

How to use if command in eviews?

I have run a regression on eviews and want to assess the results of just the males. IF: male = 1 would be the command but I'm not sure where to specify this. I thought it would be under estimate and ...
1
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1answer
12 views

SIR Model and Information/ Innovation Economics

The SIR Model from epidemiology is being discussed a lot recently due to the COVID19 scenario. I recently read this article about the Corona virus and what economics can offer- https://afinetheorem....
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0answers
12 views

Substitute for Mankiw Principles of Economics suggestions

I was reading Principles of Economics by Mankiw (2017 ed.) in my school's library during frees and got about halfway. It is essential that I have a comprehensive economics education by early summer, ...

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