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1500 questions
15
votes
4 answers
What benefits does Bitcoin (i.e. cryptocurrency) offer?
I really, really like moderate inflation. I live in Sweden where the interest rates just went negative because we are on the brink of deflation, and the rate of inflation we have now is far too low. We have huge problems attracting foreign attention…
pimmen
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15
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3 answers
Real Exchange Rate vs PPP rate
I'm having troubles to understand the difference between the Real Exchange Rate and the PPP rate.
I know the first one is calculated using a basket of goods and services so that the non-tradeable basket costs the same in 2 countries (imagining a…
Diego Jancic
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3 answers
The Economics of Coronavirus
People are concerned about the economic impacts of the virus. How severe will the economic downturn be? Will the coronavirus cause a global recession worse than the 2008 crisis?
I'm not looking here for speculative answers, but references with a…
emeryville
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15
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1 answer
Submodularity property in congestion games?
Let $G$ be a $n$-players and $m$-elements congestion game.
For an equilibrium $e$, denote by $$SUP(e)\triangleq$$
Where $sup_i(e)$ contains the support of the $i$'th player playing $e$ (the set of strategies $i$…
R B
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15
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6 answers
Why is the Free Rider Problem a problem?
Why is it bad that someone can use something like a park or an emergency room without paying?
Dave
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15
votes
5 answers
Osborne, Nash equilibria and the correctness of beliefs
In Osborne's An Introduction to Game Theory Nash equilibrium is described as follows (p. 21–22):
First, each player chooses her action according to the model of
rational choice, given her beliefs about the other players' actions.
Second, every…
Jyotirmoy Bhattacharya
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15
votes
3 answers
Consumer optimum in an economy with a continuum of commodities
Consider an economy with a continuum of commodities, with one commodity for each point in $[0,1]$.
Suppose a consumer wants to maximise
$$U = \int_0^1 c_i^\theta\,di\qquad 0<\theta<1$$
subject to
$$\int_0^1 p_i c_i\,di = M$$
where $c_i$ is the…
Jyotirmoy Bhattacharya
- 1,135
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- 20
15
votes
2 answers
How do reserves move between the 12 federal reserve banks?
In single central banks systems (e.g. Bank of England) then the final ledger for electronic money transfer is the adjustment of reserve account balances.
In the Federal Reserve System, there are 12 banks providing reserve accounts responsible for…
Corvus
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15
votes
5 answers
Applications of Trig functions in Economics?
Are there any applications of trig functions (ie $\sin(x)$, $\cos(x)$,$\tan(x)$) in economics?
EconJohn
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15
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1 answer
Have there been instances where economists have advocated a trade embargo?
Due to Comparative Advantage, it is generally accepted among economists that free-trade is the best policy for a country and increases the standard of living for the citizens of that country and the country with which it trades.
I have heard,…
Mathematician
- 2,888
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15
votes
5 answers
What was economics like as a field before Adam Smith, the father of *modern* economics?
Adam Smith is called the "father of modern economics" and his book The Weath of Nations, a fundamental work in the field of economics, is considered the first modern book on economics. In addition, economics first became a study in 1776 when The…
Mathematician
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15
votes
3 answers
Outputting Regressions as Table in Python (similar to outreg in stata)?
Anyone know of a way to get multiple regression outputs (not multivariate regression, literally multiple regressions) in a table indicating which different independent variables were used and what the coefficients / standard errors were, etc.…
Rajko Radovanovic
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14
votes
7 answers
Economic policies to decrease obesity (would they be effective?)
According to the Center for Disease Control and Prevention, approximately 35% of adults in the United States are obese. I have done much research on the topic of economic policies to reduce obesity (I did a fat tax simulation for my undergraduate…
DornerA
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14
votes
5 answers
Why do lenders dislike early loan repayments?
I've frequently seen references in blogs and articles about how banks and other lending agencies like to refer to people who repay loans on an accelerated schedule as "deadbeats", because they get less interest out of that person. Some institutions…
Mason Wheeler
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14
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2 answers
How is freelancing viewed under Marxism?
How does Marxism view freelance workers? Since a freelancer is the owner of their means of production, are they still viewed as exploited by the bourgeoisie? Could freelancing exist in a Marxist society?
EmílioB
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