Top new questions this week:
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I’m curious about the dynamics of imported prices compared to domestic prices of the same goods. I saw something online that said “Measure inflation: A primary reason for measuring import prices …
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So the cobbs douglas demand system indicates that the consumption of the capitalist class can be modeled as C=(1+r)K where r represents net profit for that time period, K represents capital stock of …
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I am following an IO paper and, at some point, a function $h(\cdot)\in \mathbb{R}^2_+$ is defined as $$h(t) = \cases{\mathbb{1}(t=k)*|\mathbb{N}(0,1)|\\\mathbb{1}(t<k)*|\mathbb{N}(0,1)|}$$ where $k\…
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In this lecture, the professor says that all Nash Equilibria have the same utility in non-atomic selfish routing, whereas this is not guaranteed in atomic selfish routing. It is unclear how general …
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Casual student of economics here, I believe I share the layman understanding of Inflation (and even then I think there are still gaps in my logic) When you hold public shares of a company, you hold a …
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In the 21st Century, there is an increasing consumer awareness of the externalities of manufacturing and along with it a stronger consumer preference to buying used goods rather than new. My question …
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Greatest hits from previous weeks:
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Wikipedia states: Exogenous Preference — one that comes from outside the model and is unexplained by the model. Endogenous Preference — preferences then cannot be taken as given, but are affected …
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I recently read an article in the New York Times that talked about China devaluing its currency (which I believe is held to a peg against the US Dollar). My question is: specifically what tools does a …
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GDP is a measure of a country’s production. $$GDP = C + I + G + X_n$$ $C$ = Consumer Consumption $I$ = Gross Investment $G$ = Government Expenditures $X_n$ = Exports – Imports Exports are what we …
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Let’s assume that the price of apples has risen and that the quantity of apples sold during the last couple of weeks has decreased. From that, we can infer that the supply curve must’ve shifted to the …
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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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I dont understand the relationships between Hicksian demand, walrasian demand (marshallian), the expenditure function and the indirect utility function (including the value function V(b)). I have …
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Many folks speak about potential stock market crashes when central banks raise interest rates. I am not a graduate economist nor do I pretend to understand it, but I am definitely curious about what’…
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