Top new questions this week:
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I’m currently reading a paper on index decomposition. The paper is here for reference : www.sciencedirect.com/science/article/pii/S0140988315001772 The paper is setting out how it has gone …
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I used to follow Dave Giles’ blog called Econometrics Beat. I enjoyed it very much and learned tons from it. Unfortunately, the professor retired and closed the blog three years ago. I would like to …
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Hello everyone, I am trying to obtain the requested solution as shown in the image (last equation of the image attached), however, after I calculate the law of motion, I only obtain only part of the …
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In Capital in the Twenty-First Century Piketty suggests that if the return on capital is higher than the economic growth, then wealth inequality in society will rise. Yet, this model seems to ignore …
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G7 countries have just announced that they will not buy oil from Russia unless the price is USD 60/barrel or below. What will be the effect of this cap- will it be an effective economic sanction? Why …
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I have run into a CES function that seems to be very closer to standard but with a small disaggregation of the share parameter into two parameters (primal share) and (input shift). I am hoping someone …
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The price of anarchy is a ratio between the efficiency of a centralized solution and a solution with decentralized decision makers. The implicit assumption seems to be that the centralized solution …
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Greatest hits from previous weeks:
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I read that companies in the monopolistic competition make zero economic profit in the long term. Why would a company do that when it can maximize the profit instead? My reasoning is that the former …
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Many times I hear that VAT (value added tax) is a “good” tax, while corporate tax is a “bad” tax/ However, both taxes take a cut from the difference between the income of a company and its expenses, …
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I have been asked a question and believe there is a mistake in the problem. I have been given a table of values, Quantity and corresponding Total cost. From those numbers I can easily calculate the …
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Using the Microeconomic Theory Basic Principles and Extensions, Nicholson, W. and Snyder, C., I’ve reached to the point where Monopoly and Imperfect Competition is discussed (Chapter 14 and 15 to be …
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I have to prove that $\sigma = 1/(1 + \rho)$ for the CES production function: \begin{align} q = (l^\rho + k^\rho)^\frac{1}{\rho} \end{align} I found out that I need to solve the following equation: \…
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I wanted to get my avaerage buy price for some stocks I bought and see if I made money. So far for just buying and then later selling I have been calculating the avaege buy price using this formula <...
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If a country prints money and distributes it between the people, it causes inflation. But what if a country prints its own money to spend ONLY abroad, which would allow a country to buy whatever it …
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Can you answer these questions?
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Nordhaus-Yang’s paper on the RICE model is available here; see pg 24 for its defining equations. www3.nd.edu/~nmark/Climate/Nordhaus_Yang_AER.pdf In S4 on pg 7, they explain that the solution …
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I got a homework exercise that I am stuck with: Use Shephard’s lemma to show that price elasticities of Hicksian Demand $\varepsilon_{jk}^{h}=\frac{\partial x_{j}^{h}}{\partial p_{k}} \frac{p_{k}}{x_{…
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The Engle Granger approach suggests that we check the regression residuals stationarity with ADF test and if the residuals are stationary, even if not all other model variables are, we can say there …
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