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1500 questions
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What does Battigalli really mean by "Players can not choose strategies, they can only choose actions."?
In this video (from 7: 30 to 9: 00)on Youtube, Battigalli mentions the state of world for a simple three-legged centipede game, which, in his own word, is
"$\ldots$a description of everything matters, which in traditional theory, must include…
Metta World Peace
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9
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Take-it-or-leave-it PBE
I've found an interesting question looking at perfect-bayesian-equilibrium. I haven't seen a question where beliefs are not discrete.
There is a single potential buyer of an object which has zero value to
the seller. This buyer’s valuation v is…
Brian
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9
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Why absolute value in elasticities and marginal rate of substitution?
This is a point I find very confusing and very hard to justify to students. Depending on the books, one finds many different conventions regarding the sign of elasticities and marginal rate of substitution (MRS). Some define them with absolute…
Martin Van der Linden
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9
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2 answers
Are there any datasets for protectionism?
Are there any data sources or variables that measure how protectionist a country is? If so, what are they?
user46226
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9
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3 answers
Causes of income inequality in the US
I read an article in BusinessWeek that talked about income inequality in the US.
The article attributed the difference to the Intel chip that came in 1971. Since that time big hi-tech companies have grown in US, which caused income growth among…
XWorm
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9
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1 answer
Why did the Federal reserve balance sheet capital drop by 32% in Dec 2015?
Here's a graph of the capital on the Federal reserve balance sheet from 2003 until present:
https://fred.stlouisfed.org/series/WCTCL
Capital dropped by 32% in December 2015.
Is there anywhere I can read about why the capital dropped so dramatically…
dharmatech
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9
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1 answer
For what demand function is a monopoly most harmful?
Consider a firm with zero marginal cost. If it gives the product for free, then all the demand is satisfied and the social welfare increases by the maximum possible amount; call this increase $W$.
But because the firm is a monopoly, it reduces the…
Erel Segal-Halevi
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9
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2 answers
Where to start with social networks?
I'm working on my master's thesis in industrial organization and I have a model that is based on social networks. I have had two courses about social networks (one more focused on basic industrial organization questions in networks and the other…
BVJ
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9
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Perfect Competition, Zero profit rule and General Equilibrium
I'm reading a book where the definition of an equilibrium for a competitive economy is given as in
Kenneth J. Arrow; Gerard Debreu (1954) Existence of an Equilibrium for a Competitive Economy Econometrica, Vol. 22, No. 3. , pp. 265-290.
where the…
Jesper Hybel
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9
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4 answers
What would happen if the world switched to a single currency?
What would happen if all countries suddenly stopped using local currencies and adopted a global currency (like the Euro, but for everyone)?
oyvind
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9
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What are some good graduate-level econometrics books for someone with a strong mathematics background?
Related: Book recommendations on empirical methods in economic research and econometrics?
I would like to focus mainly on graduate texts in Econometrics. From the question above, I gather that Wooldridge's text is nice.
In terms of "strong math…
Clarinetist
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9
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2 answers
Did free markets cause the industrial revolution?
I want to know the justification for the posture that "free trade/liberalism caused the industrial revolution".
I would like to get arguments, books and video conferences about it.
I was told that the industrial revolution happened mainly in…
jipome
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9
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2 answers
What effect would removing the lowest denomination currency have?
Here in New Zealand our lowest denomination coin is 10c after the 5c was removed about 10 years ago. I think generally the public is pretty happy about the move.
It's quite a common argument to remove the penny from circulation in the United…
dwjohnston
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9
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4 answers
Are low interest rates dangerous?
Interest rates keep dropping. In my country in northern Europe we now have negative interest rate - banks have to pay the central bank for lending it their money.
I have two questions:
Why are interest rates lower than any time ever before?
Are low…
cvr
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9
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Why are ecology and economics seemingly disjunct topics?
The words ecology and economy are very similar. Ecology derives from the words οἶκος + λογία, i.e. the study of the house/household. Economy derives from the words οἶκος + νόμος, i.e. the laws of the house/household. In modern usage, ecology…
gerrit
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