Topic: Microeconomics
Quotes
Oded Galor & David Weil, “The Gender Gap, Fertility, and Growth” (1996)
- If all childrearing is done by women, an increase in men’s wages will have such a pure income effect. Increases in women’s wages raise both household income and the price of children, and so have offsetting income and substitution effects on the demand for children.#
F.A. Hayek, Individualism and Economic Order (1949)
- In order that a particular industry should benefit from a tariff, it is necessary that the tariff on its products should be higher than the tariffs on the commodities which the producers in that industry consume.#
Posts
Why Hosting the Super Bowl Might Not Be Worth It
https://www.youtube.com/watch?v=MF2NLh-I3h0 The Super Bowl isn’t just the biggest day in US sports: it’s the most-watched annual event in American television, with around 100 million Americans tuning in. The ads bring in billions of dollars in revenue, and that’s not even counting tickets and merchandise. With money like that at stake, cities . . .
How To Derive A Demand Function from a CES Utility Function
Warning: Boring technical stuff that’s only here because I needed it for the model in the Helicopter Money paper, and there are no other good references online. All the existing resources on the internet that I’ve found are either vague or inconsistent with their σ/ρ notation (where \(ρ=\frac{σ-1}{σ}\) and σ . . .
A Note on the Microeconomics of Time Preference
Time preference is not a sui generis component of the rational choice model. In fact, the preference for present goods over future goods masks two quite different phenomena. This being the case, you don’t need behaviorism to see why we’re more willing to bring goods into the present than to . . .