# All Questions

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15 views

### Are there examples of businesses that profit from helping consumers coordinate better?

In economics, its often assumed that individuals are unable to coordinate. Moreover, its often assumed that one of the roles for the government is to help consumers coordinate. However, its also ...
32 views

### Is there a standard for job sectors?

Is there any sort of recognised standard (e.g. ISO) for grouping jobs into job sectors e.g. 'technology', 'emergency services'? I asked this on StackOverflow here and they suggested this SE. Would ...
1k views

### Interpretation of %p.a. notation

Does anyone know the meaning of the notation x%p.a.? I'm reading a text on seigniorage, and the authors have used that notation to state the usual empirical limit to the seigniorage revenues just ...
104 views

### Seigniorage, or monetary financing of fiscal policy

In reading a textbook on seigniorage, the authors define seigniorage as $\frac{\Delta H}{P}$, where $\Delta H$ is the change of high-powered money, and $P$ is the price level. In the IS-LM model, and ...
117 views

### Relationship between elasticity and interpretation of approximate percentage change

Let's define elasticity, in a regression setting, as $\frac{\partial \log E(y|u)}{\partial \log x_j }$. How do we relate this definition to the percentage change interpretation, i.e., seeing this ...
645 views

### Binding and slack constraints in adverse selection problem

When I am dealing with a constrained maximization, once I face constraints with inequality sign, I have to understand which one are binding and which others are slack. If I find that a constraint is ...
396 views

### Capital - augmenting and energy-augmenting technical progress

I've read a number of papers on factor - augmenting technical progress and directed technical change. Authors do not note about the implications of factor - augmentation in sufficient details. Assume ...
24 views

### Multi-way clustering

I want to understand when and why multi-way clustering is necessary. Could anyone give a good example that provides intuition of when and why to use multi-way clustering that also illustrates why ...
509 views

### Contract curve for firms with linear utility functions

I am attempting to find a contract curve for a production economy with two linear utility functions. Normally, I would find the point where the Marginal Rate of Technical Substitution were equal for ...
59 views

### Is an unconditional basic income pleasurable idea or it cannot be achieved? [duplicate]

I would like to know if you can tell me, what are economical theories that are in support of this kind of social system if any? Can this system be efficient?
94 views

### Interpretation of Incidence Rate Ratio for a Poisson Regression With a Non-Binomial Dependent Variable

Well, the name pretty much says it all. I have searched high and low, but I cannot find a concrete answer to the following question(s): How would one interpret the incidence rate ratio for a poisson ...
283 views

### How does Joseph Stiglitz and Greenwald explain why markets with imperfect information fail to have a pareto efficient equilibrium?

How does Joseph Stiglitz and Greenwald explain why markets with imperfect information fail to have a pareto efficient equilibrium? What premises do they use to come to that conclusion? For example, ...
82 views

### Is utility function used in customer data/profile analysis? What alternatives in practice?

Utility function is great theoretical concept but is it used in customer data analysis or in building customer profile (e.g. from Big data or cash register/checkout data, ecommerce history) or in ...
460 views

### Why does only relative price and not absolute price matter in international trade models?

Suppose I have two teachers: Adam and Bob. Suppose Adam takes 20 hours to lecture and 30 hours to grade, while Bob takes 100 hours to lecture and 60 hours to grade. In absolute terms, Adam is ...
52 views

### Reducing the working hours to 32 hours / week - how much it would affect the prices of commodities?

If the working hours would be reduced from 40 hours / week to 32 hours / week (4 days x 8 hours instead of 5 days x 8 hours), but maintaining the wages at the same levels, then I guess that the price ...
65 views

### Differentiating under integral sign, capital accumulation

I am reading a paper, the author takes the derivative of the following equation with respect to $t$: $$q(t) = \int_t^\infty e^{-r(s-t)}c(s)e^{-\delta(s-t)}ds$$ $q$ price of capital goods $r$ ...
16 views

### How does the euro swap for Greek debt work?

As I understand it, some portion of the Greek sovereign debt has been converted into "Euro swaps". Can someone explain in simple terms what that means? What debt was given to whom?
28 views

i have to do a business plan as an assignment in my computer science engineering school. I'm looking for help .. can anyone provides me with a complete template ? or an example to follow thanks,
150 views

### Is it likely as automation continues to make more jobs obselete, starvation and poverty levels will rise very badly? [duplicate]

I wanted to know facts, thoughts and such since this article (which was big news that trended this week) popped up: http://www.nbcnews.com/tech/tech-news/robot-may-take-your-job-next-few-years-n499556 ...
46 views

### Is there a problem with Inflation-corrected real price?

Consider CPI and PPI, Consumer Price Index and Producer Price Index respectively. Note that many book correct inflation using the above measures. However, I doubt inflation corrected by these values ...
43 views

### Bibliography International Macroeconomics/Finance

I'm looking for some bibliography for International Macroeconomics/Finance. Any suggestions? Any help would be appreciated.
105 views

### Second derivative of Capital stock per unit of effective labour

Let $K=$capital, $L=$ labour, $A=$ knowledge or effectiveness of labour. And put $\mathcal{K} = K/AL$ the capital stock per unit of effective labour. If the following is negative  \displaystyle \...
65 views

### Regression on default rates and backward extrapolation

Suppose that we have bankruptcy data representative for Small and Medium-sized enterprises in a country. We can therefore calculate default rates. Furthermore suppose that we found that GDP, ...
980 views

57 views

### What is a Stock exchange? [closed]

What is a stock exchange, I understand that it is a place where one buys and sells shares but I would like to know in more detail.
1k views

### Corporate Finance: From External Financing Needed(EFN) to Sustainable Growth Rate

Well in this link I get the EFN definition that I know of, with the spontaneous liabilities term included. I'm trying to derive the Sustainable Growth Rate for a corporation, from this definition of ...
495 views

### Interpreting coefficient in the disutility function as disutility tolerance?

I am studying a model that relates incentives (money) and a set of actions. Let $f(x) = k\frac{x^2}{2}$ be the disutility function of the agent, where $x$ is the level of effort that the agent is ...
46 views

### Real and nominal value interpretation

When price is deflated according to some base year, what does the real value mean? E.g. if we are deflating \\$5.000 from year 2000 (base year, deflator=1) to 1980, using the CPI 1.6 from 1980, we get \...