Economics Stack Exchange
Economics Stack Exchange

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How can I get total home values on Zillow?

I am interested in getting aggregate dollar values for listings/sales on Zillow (for the whole country summed together, for example). Unfortunately, Zillow's data page seems to only show the "ZHVI", an index value, not a total dollar value. Is there…
Lassie Fair
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Mathematics of Marxian Economics

I have studied some Marxian economics, and realise that Marx's writings were not very mathematical. I recently came to know of Analytical Marxism and Neo-Marxian economics. I read the Wikipedia page on the Feldman- Mahalanobis model and also a short…
Ishan Kashyap Hazarika
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Quasilinear Utility Functions

We know if the utility function is quasilinear (QL) w.r.t good 1, then the demand for other goods is independent of income (no income effect for goods $(2,\dots, N)$). But is the reverse implication also true: i.e can we say if all the goods except…
user200947
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Why does the Solow Model matter for undergraduate students?

I've been looking at the economics undergraduate curriculum and have been thinking and wondering as to what specific skillset we want to equip undergraduate students with in the working world. One can think about this by thinking about the ideal…
EconJohn
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List of production functions that satisfy the Inada conditions

It is known that in the class of CES production functions, only the Cobb-Douglas production function satisfies the Inada conditions. Which other functions satisfy the Inada conditions?
Elias
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What is a good handbook for behavioral economics?

I recently got interested in behavioral economics because it seems to have a lot of interesting applications in other fields such as macroeconomics. I managed to find a lot of interesting sources on development of behavioral models but I would like…
1muflon1
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Auction theory reference request

I am interested in finding the literature or at least some references (books, journal papers etc.) for the following problem: Suppose there is an auction with one seller and one buyer. The seller has two distinct and indivisible goods to sell and…
johnny09
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Looking for the title of a short (~100 page) Herbert Simon book about "Bread-bricks"

I'm trying to find a short (~100 page) book by Herbert A. Simon in which he presents a simplified economics in which there is only one item of value and it is called the 'Bread-brick'. One can eat a breadbrick, or sell it, or store it, etc. He uses…
Dog Ren
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Are there conventions in economics for coding the distance between states?

I know there are lots of gravity models in economics that take as an input distance between countries. My understanding is distance is typically coded based on the distance between capital cities, either in $L_2$ norm or great-circle distance. Most…
BKay
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Which is a better intermediate micro textbook: Perloff (with calculus) or baby Varian (with calculus)?

I’m currently learning intermediate microeconomics with calculus. I know to take derivatives, partial derivatives, integrals, and multiple integrals, and I know some basic linear algebra (solving systems of linear equations using Cramer’s rule or…
Tejas Subramaniam
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Does the money's "Store of value" function actually exists?

I'm aware of the following four functions of money: Medium of exchange. Measure of value (in dollars, pounds, etc.) Standard for exchanging goods (guaranteed by the Fed) A Store of value (as an asset). AFAIK, the last one didn't exist according to…
Prahlad Yeri
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How Do Economists Quantify Contagion?

In the context of international financial crises, what mathematical methods have Economists employed in order to quantify financial contagion? Note: For a working definition of contagion I'll use the description supplied by Kaminsky, Reinhart &…
Steve S
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How can there be an electronic bank run?

I read that at 2008 there was an electronic bank run. From what I undestand bank runs occur due to the fractional reserve banking system. The actual real money you can hold on your hand are a fraction of the total money in banks. So if everyone goes…
user2832080
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Economic consequences of a lingua franca

Although I'm specifically interested in the likely economic consequences of implementation of an official world auxiliary language, since this is only theoretical, I'd like to know what have been some economic consequences, whether positive or…
Brett Zamir
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Australian Dollar Devaluation

I am a layman in economics. I am curious about the current devaluation of Australian Dollar in comparison with the US Dollar. Could someone please explain, in simplest words possible: What causes currency devaluation? Is it a variety of factors or…
Turing Machine
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