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3 views

How to measure and demonstrate risks of technological uneployment or dualisation?

Our country is consudering its own strategy for artificial intelligence. Currently it is being considered at the level of ministerial secretaries and the next move is the plenary committe of ministers ...
14 views

Example of social choice rule that does not satisly the unrestricted domain condition

Can any social choice rule that is not complete said to be violating the unrestricted domain condition? Could you provide an example of SCR other than Pareto dominance that is not complete or violates ...
10 views

In Smith's theory, what is the difference between the “nominal price” vs. “market price” and “real price” vs. “natural price”?

In Adam's Fallacy, Foley writes: "Smith distinguishes what he calls the nominal price of a commodity (the amount of money for which it exchanges) from the real price of the commodity, the amount of ...
9 views

capital vs. labor allocaton

How does the balance between resorces alllocated to capital vs. labor impact GDP growth; if there is a relationship is it linear. what are the consequences to gdp growth of excess capital (current ...
9 views

Is local non-satiation enough to talk about Walrasian Equilibrium being subset of Core

In Advanced Microeconomic Theory, the author mentions that the Cobb Douglas utility function is neither strongly increasing nor strictly quasiconcave over all of R+. But the condition of strongly ...
11 views

Regression design, difference in differences

I plan to look at the regional differences of a policy effect. I would like to use the difference in differences approach however I am not sure how to assign a control group. I have data for time ...
19 views

Tax and Spending Multiplier(Balanced Budget)

The government presents a budget with an increase in spending by \$10 million and increases taxes by \$5 million to help finance the increased spending. The MPC equals .90. By how much will GDP change?...
31 views

31 views

Examples of textbook definitions of transaction costs, for a non-econ student

I'm not an econ major, neither am I taking it as a minor, however seemingly out of nowhere economics has jumped into my CS class when talking about the role of IT in reducing transaction costs of ...
15 views

Strategic Complementarities and Multiplicity

Consider a coordination game, in which actions taken by players are strategic complements. Moreover, assume that actions are strong strategic complements, in that the slope of the best response ...
26 views

Why do commercial banks buy government bonds at negative interest rates instead of keeping cash?

I know commercial banks need to meet liquidity requirements, but why would they choose to invest their money in an instrument that is guaranteed to give them a negative return, instead of just keeping ...
34 views

Why are the same set of controls used for both OLS and 2SLS?

I have been reading several papers that use 2SLS. These papers usually also show the OLS regression results. I noticed that when authors report results for 2SLS, they also include control variables ...
8 views

Effects of Increase in Total Factor Porductivity in labor, asset, and money markets [on hold]

What is the effect of a decrease in current total factor productivity, z. Determine the effects this shock will have on output, investment, consumption, employment, real wage, real interest rates, ...
9 views

give the following demand function qd

qdA =80-0.6p qdB =-120-0.4p p=500-1.2qdc (a) derive the market demand function (b) supposed price in the market are given as p=15,20,25,and 30.calculate the various quanties and present your answer in ...
18 views

Continuous trading economies. I see this expression in many papers but I do not know what it means in the precise technical sense. And I'm not an economist. Maybe it could refer to an economic ...