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Is there a proven, quantitative link between food wastage and food prices?

Reducing food wastage should in theory reduce demand for food, thereby driving food prices down. However, there are a lot more factors involved here (for example, the reduction in price of a product x due to lesser wastage in region A may not…
WorldGov
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Any databases with CEO letters and shareholder letters?

I am doing a research with content analysis, verifying certain disclosures on CEO letters and Shareholder letters present in annual reports of listed companies in the London Stock Exchange. Can someone recommend a database where these letters would…
JoaoBotelho
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Pure exchange economy: Given an initial endowment are multiple equilibria possible?

Consider a pure exchange economy with two goods ($x_1,x_2$) and two consumers $A,B$. Both users have an initial endowment, $(\omega_1^A,\omega_2^A)$ and $(\omega_1^B,\omega_2^B)$ respectively. A price ratio $p^*$ is an equilibrium price ratio if…
Giskard
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GDP simple question got me confused: the sale of a capital asset

a) Delta Air Lines buys a new jet from Boeing for 200 million dollars. b) Delta Air Lines sells **one of its jets to Kim Kardashian for 100 million dollars. So.. a) $200 million investment, purchase of the final good, so GDP increased by 200 M b)…
Mantas
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Envelope Theorem in Keen and Slemrod (2017)

This question pertains to the paper "Optimal Tax Administration" by Slemrod and Keen (2017). The IMF working paper is freely available on SSRN, however, it is not necessary to know the paper in order to understand the question. I am confused on how…
BB King
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In microeconomics : is this the contradiction in the atomicity of firms ?

Let $p$ be the market demand. It is a function of the market production $Q$. Let $q_i$ be the production of firm $i$. Reading Steve Keen (in Debunking Economics, chapter II) quoting George Stigler, I think the first wants to deduce the following…
CecilFaux
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What is William Nordhaus' contribution to the economics of climate change?

I'm trying to understand more about the economic repercussions of climate change. I'm unfamiliar with the specifics of the work of William Nordhaus, but it's been predicted in several instances that he will very likely win the economics Nobel prize…
jmbejara
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An Optimal Control Model: A Ridiculous Result for a Steady State

I was experimenting with a seemingly simple optimal control problem that generates a system of differential equations. When I calculate the values of the steady state of the system I get some very strange results I believe I did something wrong when…
Artem Kochnev
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What is the difference between knowledge and information?

I believe this distinction may have been made by Hayek or some other Austrian.
user18
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Does Inflation Make Money Eventually Worthless?

I used this calculator: http://www.buyupside.com/calculators/inflationjan08.htm to estimate the future worth of 100 dollars in 100 years at 2% inflation. Does this really mean that a decent meal at a restaurant will cost about a $100 in the future…
Elton John
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Definition of Absolute Risk Aversion

In its Wikipedia article, absolute risk aversion is defined as $ARA = -\frac{u''(c)}{u'(c)}$. However, I have alternatively seen absolute risk aversion defined as half the decrease in consumption that an investor is willing to accept to avoid a…
jmbejara
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Has the natural rate of unemployment decreased with modern travel and the Internet?

The natural rate of unemployment is a combination of structural unemployment and frictional unemployment. Structural unemployment is caused by a surplus of labor at a given wage in a given area. Frictional unemployment is caused by workers searching…
Mathematician
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Simple Sketch of Mirrlees 1971

Mirrlees' 1971 paper (An Exploration in the Theory of Optimum Income Taxation) on optimal taxation can sometimes be hard to follow. Does anybody know of (or could even provide here) a simple sketch of the derivations of the optimal nonlinear income…
jmbejara
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Optimization: Dynamic Programming vs Kuhn-Tucker

Considering the standard utility maximization of representative household which lives forever, one may use dynamic programming and Kuhn-Tucker in case of discrete time. For instance, one would like to solve, max $\Sigma^∞_tU(C(t),N(t))$ subject to…
Roy_Oishi
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How to determine the price a monopolist will set when the demand curve the firm faces isn't known?

I'm reviewing the following question from my microeconomics course notes. I don't understand how to do part (b). A firm faces a perfectly elastic demand curve because the product it sells has a perfect substitute. The (inverse) demand function…
josh milligan
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