New answers tagged price
2
I think you are overthinking this question.
The price of a crypto-coin is whatever price it gets traded for. The value, or "market cap", is the current price of one coin times the number of coins in circulation. (or milli-coins, or ethers, or Satoshis, or whatever the currency's unit of measure is called)
A cryptocurrency exchange is a place where people ...
2
In Ricardian model prices depend also on consumer utility and demand. Without that it would be impossible to solve the model no matter what the goods are. However, this is usually not explicitly mentioned in bachelor level textbooks where all models are for better or worse described in overly simplified form as not to load too much on most students. In fact ...
4
Yes an example of such study is this Sheppard, S., & Udell, A. (2016). Do Airbnb properties affect house prices. Williams College Department of Economics Working Papers, 3.
This is their conclusion:
We find that in New York City, the impacts appear to be that an increase in localized Airbnb availability is associated with an increase in property ...
0
I think you're getting tripped up by notation. Instead of LOC/\$, write \$/LOC, since international trade is most likely to take place using $USD as an intermediary currency.
Here's an example:
Suppose world prices for soybeans are \$150/ton USD. Today, the Wakandan widget (W) trades at 75W/\$ - so, I suggest rewriting this as $1/75W. Then, absent ...
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