<https://web.stanford.edu/~gentzkow/research/CodeAndData.pdf> by Gentzkow and Shapiro.\n\n\n- [EconJobMarket.org](https://econjobmarket.org/market) has a centralized hiring marketplace.\n\n\n\n- [Matthew Gentzkow's Lab manual](https://github.com/gslab-econ/lab-manual/wiki)\n\n\...
Even weirder are the large numbers of North Americans who believe that discriminating against specific groups is somehow good for freemarket capitalism. Along similar lines, many seem to believe that boot-heel capitalism still works and remains desirable in the age of proliferating nuclear weapons an...
We know that slower growth and higher rates are putting a major strain on emerging market debtor nations, with China standing in the way of debt resolution. One mystery to me is the financial situation of rapidly growing Asian economies – the growth champions of recent years. Need to look a...
The minimum wage is by definition the lowest hourly remuneration that employers may legally pay. As a legal requirement, it can only be changed “artificially”. The marketplacecouldalter the equilibrium wage rate, as supply and demand conditions change — but that would be changing, not the mi...
Source:https://cercind.gov.in/2023/market_monitoring/Annual-2022-23/Chapter-I/AR-22-23_Chapter1.pdf Different segments of consumers have different expectations. A factory might need power at fixed hours for production, while households might need it in the evenings after work. The total demand...
(1) market demand decreases, (2) market supply increases, and/or (3) the government enforces a regulatory price cap. The first two are self-healing. Consumers back off high price items, and firms offer new and substitute products at lower prices to get in on the action. Less demand...
because the employees and management in West Germany arrive to the job with more market-based expectations. For example, we are not accustomed to asking or taking bribes and blithely stealing company property. This was routine in communist Hungary; ie, social expectations were set that way. B...
On this I thnk Trump and his advisers are being stupid in a self-destructive way. We have already seen it. If he had moved once Fauci changed his mind in mid-February at about the peak of the stock market, we would have probably seen a lot fewer cases and deaths, as well as smalle...
“Are you saying that in efficient markets, like the soybean futures market, it will be impounded into the price,invalidating the point that the best predictor today of the spot price in the future is today’s future’s price?” You’ve implied for a year that the tariffs were the major...
The Trump Administration on May 29, nine days after having said that the China trade war was “on hold,” flipped the switch back to “on”. As of now, the White House again plans to move forward by June 15 with plans for 25% tariffs on $50 billion of imports from China. But ...