Narrow search
Showing 1 - 10 of 6,290
Cover Image
The Austrian Theory of the Marginal Use and of Ordinal Marginal Utility
Mcculloch, J. Huston - 2021
The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal …
Persistent link: https://www.econbiz.de/10013310605
Cover Image
Capital Gains Taxation in an Economy with an "Austrian Sector"
Kovenock, Dan; Rothschild, Michael - 2021
This paper examines the effects of a proportional capital gains tax in an economy with an Austrian sector (with wine and trees) and an ordinary sector. We analyze the effect of capital gains taxation (on both an accrual and a realization basis) on the efficiency with which resources are used...
Persistent link: https://www.econbiz.de/10013249716
Cover Image
What Can Economics Say About Alzheimer's Disease?
Chandra, Amitabh - 2020
States. We describe the central economic questions raised by AD. While there is overlap with the economics of aging, the … defining features of the ‘economics of Alzheimer's Disease' is an emphasis on cognitive decline, choice by cognitively impaired … public programs for AD. These topics overlap with many areas of economics -- labor economics, health economics, public …
Persistent link: https://www.econbiz.de/10012824275
Cover Image
On Money as a Medium of Exchange in Near-Cashless Credit Economies
Lagos, Ricardo - 2019
that—in contrast to current conventional wisdom in policy-oriented research in monetary economics—the role of money in …
Persistent link: https://www.econbiz.de/10012871153
Cover Image
The Macroeconomist as Scientist and Engineer
Mankiw, N. Gregory - 2006
This essay offers a brief history of macroeconomics, together with an evaluation of what has been learned over the past several decades. It is based on the premise that the field has evolved through the efforts of two types of macroeconomist%u2014 those who understand the field as a type of...
Persistent link: https://www.econbiz.de/10012779829
Cover Image
The Integration of Economic History into Economics
Margo, Robert A. - 2017
In the United States today the academic field of economic history is much closer to economics than it is to history in … terms of professional behavior, a stylized fact that I call the “integration of economic history into economics”. I document … history and economics; and publication histories of successive cohorts of PhDs in the first decade since receiving the …
Persistent link: https://www.econbiz.de/10012953510
Cover Image
Open Access as a Crude Solution to a Hold-Up Problem in the Two-Sided Market for Academic Journals
McCabe, Mark J. - 2019
The move from traditional to open-access journals—which charge no subscription fees, only submission fees—is gaining support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this...
Persistent link: https://www.econbiz.de/10012903350
Cover Image
Interdependent Security : A General Model
Heal, Geoffrey M.; Kunreuther, Howard - 2012
In an interdependent world the risks faced by any one agent depend not only on its choices but also on those of all others. Expectations about others' choices will influence investments in risk-management, and the outcome can be sub-optimal investment all round. We model this as the Nash...
Persistent link: https://www.econbiz.de/10014029001
Cover Image
Covariances Versus Characteristics in General Equilibrium
Lin, Xiaoji - 2011
We question a deep-ingrained doctrine in asset pricing: If an empirical characteristic-return relation is consistent with investor "rationality," the relation must be "explained" by a risk factor model. The investment approach changes the big picture of asset pricing. Factors formed on...
Persistent link: https://www.econbiz.de/10013121598
Cover Image
An Exploration of Optimal Stabilization Policy
Mankiw, N. Gregory - 2011
This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the...
Persistent link: https://www.econbiz.de/10013124860