Economics Questions, Problems & Solutions : TransWikia.com ~ Page 69

Uniqueness of equilibria in first-price auction with discrete valuations

Assume we have a first-price auction with discrete and independent private values and identical distributions of all bidders. It is known that there exists a Bayes-Nash equilibrium where bidders bid...

Asked on 11/30/2020 by AlexanderJI

1 answer

How do 'econometric' explanations differ from 'economic' ones?

I am interpreting some coefficients of a regression model and have been asked to, first, give an 'economic' explanation and then an 'econometric' explanation as to why coefficients differ as...

Asked on 11/29/2020 by Esther Blaese

1 answer

Free Cash Flow and stock prices

There is this concept of free cash flow.Now, I have heard is the amount of money left after you reduce from the net income all other expenses that relate...

Asked on 11/28/2020 by user2679290

2 answer

Is it accurate to state that an economist cannot assign a true numerical value for utility?

Investopedia article - What is the utility function and how is it calculated? https://www.investopedia.com/ask/answers/072915/what-utility-function-and-how-it-calculated.asp Article describes ordinal versus cardinal utility:When economists measure the preferences of consumers, it's...

Asked on 11/28/2020 by SystemTheory

1 answer

Average ability conditioning on having accepted an offer

There is a continuum of workers between 0 and 1. These have ability $alphasim U[0,2]$. A firm offers them a salary $v$ and has profits $$pi...

Asked on 11/27/2020 by Three Diag

1 answer

Topological intuition to continuous preference relation

For a Microeconomics Course, we are going through MWG, and in the lecture we discussed the notion of a continuous preference relation.A preference relation $succsim$ on a set...

Asked on 11/26/2020 by J. Dekker

0 answer

Calculating natural rate of unemployment

I have sample data on unemployment rate in a market and am looking to calculate the natural unemployment rate. The natural unemployment rate I obtained is constant over a time...

Asked on 11/20/2020

1 answer

Cost-push inflation and labour shortage

Is it possible for there to be a shortage of labour in an economy when there is cost-push inflation?...

Asked on 11/20/2020 by Allemande249

1 answer

Could a "Japanese-style strike" work as it's supposed to? Under what conditions?

This is an urban legend, mostly believed in Spain and some countries in South America. The legend is based on the premise that their way to make a strike would...

Asked on 11/18/2020 by mylket

1 answer

noise traders in neo-classical economics vs behavioural economics

Does neoclassical economics/finance exclude the existence of noise traders (as a contrast to rational traders)? Or do neoclassical models also sometimes accept the existence of noise traders?...

Asked on 11/13/2020

1 answer

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