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Books Friendly to Self-Study

I'm currently an undergraduate freshman looking for resources to self-read Industrial Organization. I've read Varian's undergraduate book cover-to-cover and have a decent understanding of basic game ...
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question about the paper “the colonial origins of comparative development”

I have to answer some multiple choice questions about this paper and it is important that I get all of them right so I would greatly appreciate if someone could let me know if my answers are correct. ...
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Do central banks pay their staff and other costs with money that they create?

Central banks like the Bank of England and the Fed must cover their costs. I was wondering how they do this? I can think of two possible mechanisms: Government allocates money from its tax revenue to ...
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Finding the effect of change in parameters of the demand curve in a Cournot Game

Two firms produce the same commodity. Let x1 and x2 be the quantity choices of firms 1 and 2 respectively. The total quantity is X = x1 + x2. The inverse demand function is P = a bX, where P is the ...
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How to show that the estimator is consistent?

$Y_i=\beta_0+\beta_1X_i+U_i$ is my regression model for an I.I.D. sample with N=1000 observations. Suppose $U_i\sim I.I.D.(0,\sigma^2)$ and Xi are also I.I.D for i=1,2,3......1000. Xi is independent ...
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Example which violates weak pareto and non dictatorship

Can you give an example of a social choice rule and a social welfare function that violates the conditions of Weak Pareto criterian and non dictatorship simultaneously?
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Can the Bellman Equation be used for Finite time problems?

Its known that the Bellman equation in recursive macroeconomics is used for the following problems: $$\sum_{t=1}^\infty\beta^tU(c_t)$$ $$s.t. c_t+k_{t+1}=f(k_t)$$ $$k_0>0$$ Im wondering if we can ...
147 views

Is the amount of tax that consumers pay the same as the amount producers pay?

I am confused about the amount of tax producers and consumers pay. On this diagram, I can see that the supply curve increases by twenty dollars, as the tax is 20 dollars. The consumers have to pay 10 ...
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Difference between no perfect multicollinearity and no multicollinearity

Some textbooks (for example, Introductory Econometrics: A Modern Approach by Jeffrey Wooldridge) assume that no perfect multicollinearity for the OLS regression, while others (for example, ...
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How to test if the effect of one regressor entirely comes from other regressors?

I have a regression model that includes IQ test scores as the dependent variable; my own education, my father's education and my mother's education as independent variables. Suppose I want to know ...
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Dataset including decentralization of infrastructure spending?

Does anyone know if there exists a dataset of many countries (preferably developing countries and preferably with a time series) including the amount of spending on infrastructure by local government ...
8 views

Finding the current value of an asset?

I need to find the current value of this asset with this given information, but I really have no idea how to start this and how it would work. It would be great if somebody could get me on the right ...
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Why do some phones depreciate faster than other?

Based on evidence from reselling sites (eBay, Amazon etc.) we can observe a trend that iPhones on average depreciate far less and slower than for example Samsungs (or other phones that lose their ...
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Derive the asymptotic distribution

Let $x_1, ..., x_n$ and $y_1, ..., y_n$ be two independent random samples from $X$ and $Y$. We have $µ_X = E (X ) > 0, µ_Y = E (Y ) > 0$ and $σ^2_X = Var (X )$ and $σ^2_Y = Var (Y )$. Derive ...
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Uniqueness of OLS estimates

Wooldrige says that ‘intuitively, to estimate k+1 parameters, we need at least k+1 observations’. Why is this the case?
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Does a private company that is 100% financed by a bank loan have a WACC equal to the interest rate?

When estimating a company's Cost of Debt for a Weighted Average Cost of Capital (WACC) calculation we normally look into its bond yield. But for a private company with 100% debt capital structure, ...
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Kaldor-Hicks optimum allocation with externality

Suppose there are two individuals. Level of good h can be determined only by individual 1 and it has a positive externality on individual 2. To find Pareto efficient allocation, we add the utilities ...
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Does it matter which is the dependent variable in regression of time series data?

I am testing for cointegration between the Real GDP per capita of England and France. I use a Dickey-Fuller test to test for stationarity and concluded that both of my series are non-stationary. So I ...
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Is single-peaked preferences necessary for majority rule to be transitive and yield non-empty choice set?

I understand that when individuals have single-peaked preferences, majority rule will be transitive and the choice set will be non-empty. So single peaked preferences is a sufficient condition. Is it ...
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Marginal Product of Labor for CES production function is not decreasing in Capital

In a problem set, I believe my instructor has had a typo but I would like to confirm. Consider the standard CES production function $f(k,n) = (\alpha k^p + (1-\alpha)n^p)^{1/p}, \quad p \in (0,1)$ ...
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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 ...
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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 ...
30 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 ...
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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 ...
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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 ...