Questions tagged [reference-request]

requests for information about papers, books, or other sources that address a particular economic question or issue.

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9 views

Hedonic regression and attribute-shares in house prices

Given a house with price $P$ and attributes $h_1,\dots,h_n$, I want to estimate how much each attribute costs as a percentage of house price $P$. In other words, if we express house price as the sum ...
30 views

Does Nine-dimensional Euclidean space has any use in Economics or Econometrics?

https://en.wikipedia.org/wiki/Nine-dimensional_space i am looking for any application of nine-dimensional space in economics or econometrics. Thanks !
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Mechanism Design and Multidimensional Type Spaces

Is it possible to design a mechanism of agents with multidimensional types? In particular, what if the type space has the following form: \Theta_i=\{\theta_i\in\{{1,2,\dots, n}\}\times[0,1]:n\in\...
43 views

Mathematics of Marxian Economics

I have studied some Marxian economics, and realise that Marx's writings were not very mathematical. I recently came to know of Analytical Marxism and Neo-Marxian economics. I read the Wikipedia page ...
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Benchmarking an Energy Investment

I am currently working on a calculation to see whether it is economically feasible for a household to invest in an energy retrofit. I obtain a total profit of around $13\%$ over the lifetime of the ...
34 views

Finding Relevant Literature on JSTOR and Beyond

after a few years on JSTOR for economics(and history) I'm getting a little tired of just brute force method in trying to sort through what papers are relevant and influential in economic and ...
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Autonomous Vehicles and Modeling - Reference Request

Have there been any attempts to forecast the impact on traffic flows or travel behavior after the introduction of Autonomous Vehicles. I am not looking for specific stuff right now but just for good ...
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What is a good handbook for behavioral economics?

I recently got interested in behavioral economics because it seems to have a lot of interesting applications in other fields such as macroeconomics. I managed to find a lot of interesting sources on ...
28 views

Auction theory reference request

I am interested in finding the literature or at least some references (books, journal papers etc.) for the following problem: Suppose there is an auction with one seller and one buyer. The seller ...
19 views

Regarding the source of an economics lecture material

Economics lecture material from California State University The above link is to an Economics lecture material from California State University. The material is really good. I couldn't find the ...
30 views

Does one include inflation when computing elasticity?

I am attempting to compute the price elasticity of a good with the help of a time series, and am unsure whether to correct the prices for inflation. Is there a standard argument for one or the other ...
27 views

Capital Recovery Factor for Hyperbolic Discounting

I'm looking for a closed-form capital recovery factor when hyperbolic discounting is used. The Wikipedia article on hyperbolic discounting has this formula for the "present value of a series of equal ...
10 views

Reference request: modeling firms that act to create demand for their products

(I don't have an economics background; apologies if my terminology is confusing.) It seems like there is often a situation where a firm can take actions to create demand that did not already exist. ...
18 views

What is the average percent of value an employee makes which he gets on salary (called)?

I'm looking for any statistics showing the average percent of money employees get from the monetary value they create, primarily from the US or EU. Is there a term for this ratio?
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Incentive compatibilty conditions for multi-item auctions

In this paper by Myerson on optimal single item auctions, the incentive compatibility condition is shown to be equivalent to the following simpler conditions on the auction - (i) the allocation ...
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Country specific economic recession/financial crisis data?

Many financial crises are at the global level, yet some of them can be country-specific, especially the ones connected with political instability. For example, the 1990 recession of Russia, the 1958 ...
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Statistical distribution of firms by revenue in competitive market

I would like to produce a simple distribution of competitive market firms based on their revenues. I know the number of firms in the market n, the total market ...
28 views

Where can I read more about formula (G-T)= -(S-I) -(X-M)? And how is this formula called?

I saw this formula in following context: I want to create Banker State. It's supposed to rely on profit from loans instead of taxes. I would like to keep taxes as low as possible. Reply: what ...
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Are revealed preferences normative or positive notion?

I always thought from my understanding of the terms normative and positive that revealed preferences are a positive concept. For example, saying Anakin prefers grass to sand (i.e. $U(g)\succ U(s)$) is ...
27 views

I have a hypothesis that single-income families greatly increase as you get into the mid to upper middle class bracket. And that 2+ income sources are common in lower classes and also the extremely ...
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Where to find a brazilian claim from german geologist Eschwege?

In Das Kapital, ch I.1, Marx says that german geologist Eschwege claims that total product of the Brazilian diamond mines for the eighty years ending in 1823 still did not amount to the price of ...
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Who is Jacob? And where did he say this?

In Karl Marx "Das Kapital", in Ch I.1 we find this quote "Jacob questions whether gold has ever been paid for at its full value." Is Jacob Vanderlint? Where in his book “Money Answers all ...
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What are macro-economics simulations horizons and limits possible with exascale computing?

What are typical examples in literature of large scale simulations of macro-economies of our time as of 2019 and what will change with the introduction of exascale computing? In terms, are there ...
1k views

What precisely is scarcity?

I'm aware that certain terms in economics have precise definitions that don't necessarily line up with our intuition about what they mean. I'm currently writing a paper that heavily relies on the ...
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Can the effect of different prices of gasoline at different gas stations be measured?

I am looking for studies in which the effect on demand of different prices of gasoline at different gas stations in the same area is measured or estimated (on the same day or hour). This question ...
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Study guide (and…) for “Intermediate Microeconomics with Calculus” by Varian

I have been googling study guides, solution manuals and other helpful material made by professors. But I have not found anything useful. Q: Do you guys know anything that will make the book easier ...
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Economics of Health Textbook Recommendation

Was wondering if anyone who has taught a class on health economics could give some background on which textbook they used for their class and why. It seems like "Healthy Economics" by Bhattacharya, ...
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Papers on the rate of returns for government-run pension plans

I'm looking for papers studying the implied rate of return for various government pension programs around the world. Both historical and expected returns. Or any study that looks at the taxes for the ...
80 views

How long can I live in the United States with my German monthly income?

I see different (more or less abstract resp. specific) approaches to compare wealth (of individuals, regions, and countries): by living standards by living expenses by incomes/salaries by purchasing ...
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The relationship between profit and wages

It seems obvious that an individual company increases their profits when they reduce wages or increase automation or some such. But if wages fell universally because of this, wouldn't that decrease ...
20 views

Externalities from motor vehicles - more recent estimates?

I am looking for estimates for the externalities from motor vehicles. There's an excellent paper "Automobile Externalities and Policies" (2007) on this exact issue, but it's a bit old now. I was ...
33 views

Persistent changes in relative prices due to productivity differences

I read a couple of years ago that in the long run (in centuries) the relative price between, say, schooling and agriculture keeps increasing, since the latter sector gets more and more productive, ...
64 views

Who took utimatum game and dictator game as the evidence against Homo Economicus assumption of individual utility maximization?

Wikipedia and this McGill University page states that the two games "have been taken as both evidence for and against the Homo economicus assumptions of rational, utility-maximizing, individual ...
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What are some historical examples of laissez-faire capitalism?

I suspect both supporters and detractors of laissez-faire capitalism have some historical examples in mind that they consider reasonably close to an ideal or to a "natural experiment". (The examples ...
54 views

Consequences of removing hard currency [closed]

If an appropriate electronic system were implemented governments would know how much money there is in circulation, who has it and if some illegal transaction has been done. This measure could help ...
23 views

Going from DRMs to Indirect Mechanisms

I have recently started studying mechanism design (after having taken a basic graduate micro course) through Borgers' 'Introduction to the theory of mechanism design'. I was wondering if people are ...
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Is Bayes correlated equilibrium relevant for dynamic games?

Consider the following classification of solution concepts ...
33 views

How far must one reason up the belief hierarchy?

In games of imperfect information, one must reason about the belief on the state of nature, the beliefs of other player's beliefs of their beliefs, and so on. This is referred to as the belief ...
12 views

Reference Request: The Effect of Wealth in Society

I am new to the subject and I am looking for some help. It goes without saying that the economy is the center of society, and the theory of economics deals with that, But I am especially interested ...
140 views

Alternatives to Capitalism and Communism

Are there any remarkable economists who have envisioned alternative economic system to the ones previously tried? I'm looking for realistic economic system models and their authors.
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Useful models/theory private debt and borrowed constrained households

In macro oriented research papers the role of private debt is discussed and that apparently when there is a lot of private debt in the economy, households tend to be borrowed constrained.. Could ...
36 views

The world's largest companies

There are several criteria (or key figures) to list the world's "largest" companies, giving quite different lists: revenue (in \$) profit (in \$) assets (in \$) market capitalization (in \$) number ...
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Quantity theory of money: microfoundations

The quantity theory of money states the price level is proportional to the amount of money in circulation. That is, if the quantity of money increases by some factor $k$, the price level will increase ...
16 views

The Econometrics of Pay-To-Play In Youth Sports

Question: Are there any econometric theories that are applicable in studying what is commonly referred to as Pay-To-Play, in the world of youth sports. I want to preface by stating that I am not an ...
34 views

game with payoffs defined by some stochastic process

I am trying to find examples of games that follow a similar line to the following. There are 2 players and the corresponding strategy set is $S_{i} = {x_{1}, ..., x_{m}}$ for $i = 1,2$, with $m > 1$...
19 views

Assessing the ability of dividend yields to predict stock returns using out-of-sample forecast errors

In Introduction to Econometrics, 3rd Edition, by Stock and Watson, there is a short example about evaluating the ability of using dividend yields (current dividends over price) to predict future stock ...
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What are some further readings in Econometrics you recommend?

I've reached the end of my Econometrics courses for the undegraduate level at my university, but I would like to continue learning. I hope I could get some recommendations for further reading. I ...
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Estimating CES utility (not production) function parameters

The CES utility function has the form $$u(x_1,\dots,x_n)=\left[\sum_{i=1}^n\alpha_ix_i^\rho\right]^{1/\rho},$$ where $\alpha_i$ is the consumption share parameter and \$\...