# All Questions

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1answer
32 views

### When will the reserves be exhausted?

A rough estimate of the oil and gas reserves in some country at the beginning of 2010 was 15 billion tons. production that year was approximately 250 million tons. when will the reserves be exhausted ...
1answer
36 views

### What would be the shape of the Indifference curve with slope 1/xy? [closed]

Let the utility function be: $U(x,y) = \log x +y^2$. In this case, the MRS is coming out to be $\frac{1}{2xy}$. Thus, how will the shape look like?
0answers
26 views

0answers
28 views

### Heckscher-Ohlin with non homothetic preferences [duplicate]

Can someone tell me how I can show with an example that the Heckscher-Ohlin result does not necessarily hold when preferences are not homothetic. I was asked if it similar as a case in which the ...
0answers
45 views

### Heckscher-Ohlin with heterogeneous preferences

could someone really help me out I would need to show a situation in which the Heckscher-Ohlin result does not necessarily hold when preferences are heterogeneous. Does someone have an idea how I ...
1answer
53 views

### how to explain the term “Compensated law of demand” in a plain way?

The term “compensated law of demand” I met in advanced microeconomics textbook, which appeared in “revealed Preference “
0answers
17 views

### Markov Switching Models CHP Test in Hamilton's paper

In Hamilton's paper "What is real about business cycles?" (2005) I have three questions: How do we calculate $C(p; \theta)$ on page 451 if we do not know "nuisance" parameter values of $p$? What was ...
2answers
20 views

### Merging Panel data with two different splits. Is it possible?

I have two data frames with panel data. The first contains data on companies on a yearly basis. The layout is as below: ...
0answers
24 views

### Why hipothesis of perfect competition market implies fixed price of a product in every transaction?

My book says that from the axioms of perfect competition follows that the price is fixed in every transaction but it doesn't specify in which way it is possible to prove it. Besides, are all the ...
1answer
75 views

0answers
18 views

### Do any social welfare functionals meet all of Arrow’s conditions, plus absolute-scale full-comparability, but no other informational condition?

I’ve been trying to think of social welfare functionals which meet all of Arrow’s conditions–––unrestricted domain, weak Pareto, independence of irrelevant utilities, and non-dictatorship (see this ...
0answers
20 views

### Would households rather live in a world with or without the unemployment insurance?

Would households rather live in a world with or without the unemployment insurance? What is a good example of world in which unemployment insurance is seen as a benefit, and not a hindrance?
1answer
30 views

### Banks and Stock Market in Germany

My question is: ** Why does Germany have such a small stock market, but very large powerful banks? **
0answers
18 views

### Effect of Agricultural products on GDP/capita

What is the best way to regress this effect. I would like to show the effect of the production of different agricultural products (Rice, maize, wheat etc..) have on the gdp of a country (India in this ...
0answers
23 views

1answer
35 views

### Running a regression to avoid multicollinearity

I have the following regression (pooled OLS; panel data): Y Treated Shock Shock*Treated {with industry and year fixed effects} Y is a continuous variable, “...
0answers
9 views

### Query regarding derivation of aggregate demand curve

What is the difference between AD curve derive from is-lm model and quantity theory of money.
0answers
19 views

### Regression estimators for an equation with three independent variables

I'm trying to find the estimators for a regression equation with three independent variables: $y_i = \beta_0 + \beta_1 x_{1i} + \beta_2 x_{2i} + \beta_3 x_{3i} + \mu_i$ What is the betas' estimator, ...
1answer
23 views

### Perfectly elastic supply

How would you algebraically write a perfectly elastic supply? Will it be infinite at price = 4? (The choice of the number 4 is completely arbitrary)
1answer
23 views

### Percentage/proportion of published papers with DSGE models

I remember reading a few years back an article that showed an interesting graphic with the percentage/proportion of published papers with DSGE models across time. I've tried searching, but I get so ...
0answers
25 views

### Balanced Growth Path Calculation

Consider an extension of Alesina - Rodrik paper 'Distributive politics and economic growth' (1994). Instead of wealth taxation, impose a labor income taxation with a slight change in the model ...
0answers
23 views

### Did Eisenhower, and his economic team, use a Keynesian economic policy, or a modified form, or not at all?

There is a big debate about this in my graduate political/economic history class. Any input will be appreciated, as well as suggested books or peer-reviewed journal articles. Thank you.

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