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The incidence of the burden of a tax is usually presented as an application of elasticity in introductory economics. A more useful exposition of tax incidence results if slope is used rather than elasticity.
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While there was no abstract for this brief paper, it clarifies for students that demand and supply slopes convey the burden of taxation discussion at least as well as does the more typical discussion employing elasticities.
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The surprise value of many economic observations makes the economics discipline quite interesting for many students. One such anomaly is that providing “free” education in an effort to reduce the number of dropouts can often result in a lower level of educational quality purchased. This...
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While the paper lacks a formal abstract, it draws the important distinction between stocks and flows in supply and demand to better understand the business cycle.
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The brief paper lacks an abstract, but clarifies a point of considerable confusion among students of economics.
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I was unable to copy/paste the abstract, but the paper argues that amenities exert an important effect on wage differentials over space. Indeed, we show that as much has half of the apparent effect of unionization on wages is actually compensation for less desirable climate in locations that are...
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