Economics Stack Exchange
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3 answers

Book Recommendation for Microeconometrics of Discrete Data

I am looking for a few good books pitched at different levels to help analyse discrete data. Specifically: Specification, Estimation and the application of econometric methods to model discrete choices by individuals, households or firms.
Jamzy
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What are the benefits of a first price sealed bid auction?

All parties make a single bid. But do not disclose the bid to peers. The organizer chooses the maximum (or minimum) bid as the winner. What are benefits of such a system as opposed to normal auction where bidders openly declare the bids and keep…
balki
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How does a reduction in consumer spending in favour of consumer saving, affect economic activity?

Let's say our government runs an advertising campaign, encouraging its citizens to reduce spending money on consumer items, and instead save more money. Let's say the campaign is successful, and that happens. How does this affect economic activity?…
dwjohnston
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What is the true source of dynamic(Pareto) inefficiency in OLG models?

This question confuses me for some time. My first impression is that Pareto sub-optimality is due to feature that old generations will consume everything without any incentive to trade. But after taking a look at the first example in an modern…
Metta World Peace
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Are state owned enterprises really inefficient?

The typical right wing/free market argument, that leads to privatisation of government assets is that the government assets will be far more efficiently managed when in the hands of profit seeking capitalists, rather than being owned by the…
dwjohnston
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List of EU banks that received state aid

Is there a list of EU banks that got state aid / bailed out since 2008 crisis? I know EU state aid commission approves the fundings to banks, but does anyone keep track of which banks are tapping into these aids?
adam
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Is there a formal definition of opportunity costs, economic costs, and/or economic profits?

[Edited to remove a mistake in a definition and some typos.] According to various econ textbooks (e.g. this one), there is a fundamental distinction between economic profit and accounting profit: (i) While accounting profit subtracts only explicit…
VARulle
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Economic theory journals for a refinement theorem about utility function representation

I would like to ask which are the (mathematical) economics journals that publish papers about economic theory and that focus mainly on the mathematical aspects of it. Let me be more precise. If I have a refinement of a representation theorem for…
Porcupine
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Lab experiments of labour markets

I have been searching for papers that conduct lab experiments simulating a labour market, that means for a minimum there are both participants taking the role of firms, and participants taking the role of job searchers, and these two parties form…
Papayapap
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Ordinally Separable Utility Representation

Let $X_i$ be a separable, compact, Banach space. Definition: A weak order $\succeq$ on $X=\prod_{i=1}^NX_i$ has an ordinally separable representation if there exists $u_i: X_i\rightarrow \mathbb{R}$ and $W:\prod_{i=1}^Nu_i(X_i)\rightarrow…
Andrew McMillan
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Citing non-economics studies in an economics research paper

I am currently working on a paper in economics that has some dimensions that discuss women's social value. As is the case in developing countries a lot of economic studies do not exist whereas there are tons in Sociology. While I am not convinced by…
Lorien
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Seemingly simple consumer theory problem

A function $v: \mathbb{R}^K_+ \xrightarrow{} \mathbb{R}_+$ is is said to be a valuation function if The value of function $v$ at $x = \textbf{0}$ is $0$: $v(\textbf{0}) = 0$ $v$ is continuous on the domain $\mathbb{R}^K_+$, strictly increasing and…
Khánh Toàn
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Proof monotonicity on Blackwell sufficient conditions

I need to prove monotonicity assumption on Blackwell’s sufficient conditions for a contraction, that is: Given the operator T defined as $(Tf)(x) = sup [F(x,y)+bf(y)]$ I need to show that $f\leq g\Rightarrow Tf\leq Tg$ My first approach is: $F(x,y)…
vmp
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All else being equal, What is the value of job creation?

Job creation value Just to clarify, I have no experience, academic background or deep understanding of economics. Apologies for such a basic question but I couldn't find a real answer. I hear a lot about job creation: "This will create X…
Anonymous
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Identification with BBL

In the last few years, the estimator proposed by Bajari, Benkard, and Levin ('07) for dynamic games has been gaining popularity. It is relatively straight forward and is one of the only viable options for estimating dynamic games with both…
philE
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