# Questions tagged [economics]

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### Aggregate Data using difference in difference method

I am trying to use a DiD method to examine the causal impact of a new government intervention, the establishment of a new entity to support domestic workers in the private sector, on the level of ...
16 views

### Functional form for regression in a hedonic pricing model

I am doing a regression where I use the hedonic pricing model. Hedonic pricing treats a marketed good, usually a house, as a sum of individual goods (characteristics or attributes) that cannot be sold ...
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41 views

### How do I determine whether there is a significant difference between two sets of price data?

I am conducting a study where I am collecting prices from two groups of funeral homes in a particular state: in the first group, the homes I collected prices from are owned by families, and in the ...
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### How is Jack & Suri's (2014) study a difference in difference model?

I have a question about a study that I want to replicate, namely the study Jack & Suri (2014): 'Risk Sharing and Transactions Costs: Evidence from Kenya’s Mobile Money Revolution' (available here: ...
17 views

### Cross-price elasticity of continuous products

The standard cross-price elasticity is the change in the quantity demanded for product A when the price of B changes. It can be modeled (assuming linearity, WLOG), as  q_A = \beta_0 + \beta_1 p_A + \...
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32 views

### Correct posterior odds in Kahnemann and Tversky example

I am reading the article "judgement under uncertainty heuristics and biases", and in this article they present an example which should underline that people are biased in their evaluations ...
27 views

### How to test for the endogeneity between variables? which tests i should use?

my thesis is about measuring the impact of population growth on the economic growth in my country. However, i should test for the endogeneity between the variables chosen. for the dependent variable i ...
97 views

### Distribution for the number of sales per day / time between each sale

Let's say customers can buy one single product in a store open 24/7, and that the time of day does not influence anything (sales are equidistributed along the day). With which classical distribution ...
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22 views

### St. Peterbourg paradox - expected value of both players

Im reading a paper by Karl Menger about the St. Peterbourg paradox (see below): his point is that the paradox does not rely on a mathematical expectation of infinite value, but on the discrepancy ...
• 111
1 vote
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### Computing an Exponential Moving Average

According to the Wikipedia page on moving averages, "This is also why sometimes an EMA is referred to as an $N$-day EMA. Despite the name suggesting there are $N$ periods, the terminology only ...
61 views

### How do you sample without a sampling frame?

I want to research the returns to education in my city as well as assess whether people who have studied abroad on average earn more than those who have studied within the country. The data required ...
1 vote
22 views

### Do insignificant variables result in a specification error?

I am trying to understand omitted variable bais better. I know that it detects irrelevant variables, but are irrelevant variables and insignificant variables synonymous here? If I have a regression ...
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1 vote
48 views

### Using Odds Ratio to Calculate Cost Savings

I am looking for some insight in offering some context to my odds ratios. I did a simple model estimating the relationship between the planting space afforded trees and the presence/absence of ...
1 vote
27 views

### Why does this econ paper include time-invariant demographic measures in a fixed-effect model?

So I'm reading this recently published paper (2020): "Sources of Displaced Workers’ Long- Term Earnings Losses" (American Economic Review), and I'm puzzled why the authors included a "...
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### Can I use logistic regressions and least squares coefficients in a meta-analysis?

I am trying to write a Economics meta-analysis. The papers that I have collected so far contain a 50/50 split between OLS models and Logistic regressions (coefficients reported as odds ratios). If we ...
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1 vote
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### How would I interpret a dummy variable and interaction term in this time series analysis using ARDL?

I'm doing an econometrics paper analyzing the impacts of oil price shocks on GDP growth. In one of my models, I use change in nominal oil prices, a dummy variable representing negative oil price ...
1 vote
46 views

### Behaviour of two variables, where one variable is a ratio of another, in Labour Economics

I am trying to reproduce the result found in an old paper by Harvey S. Rosen, titled "Tax Illusion and the Labor Supply of Married Women Author", using a different dataset. The model that is ...
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1 vote
92 views

### Create composite index from right skewed data with extreme outliers

Do you have any advice for creating an index from right skewed-data with several extreme outliers. I am new to creating indexes for analysis and could use some advice. So far I've done things like ...
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1 vote
693 views

### how to model price elasticity

I'm trying to model price elasticity based on price changes and I'm wondering what is the best way to do it. My data is at at the individual customer level and there's a 0/1 indicator for whether they ...
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24 views

### Using ratios and the numerator as explanatory variables in regression analysis with fixed effects

I am running a fixed effects regression analysis with a ratio of number of sellers per capita and the number of sellers as explanatory variable on its own. How should I interpret the results? My ...
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### What would a suitable justification be to use 'log(exports)' as a dependent variable instead of solely 'exports'? [duplicate]

I am doing a diff-in-diff analysis, looking at whether a regulation had an impact on British pollution-intensive exports. Initially I used 'total exports of pollution-intensive goods' as my dependent ...
164 views

### Maximum likelihood estimation using R [closed]

I have a multiple linear regression, that I want to estimate using a MLE approach. I would like to make the fit using a Beta distribution, with parameters u and v. How can I do this using R?
339 views

### What do all the distributions that have the same Gini index have in common?

According to the Wikipedia article about Income inequality metrics, Gini index have the next disadvantage: As a disadvantage, the Gini index only maps a number to the properties of a diagram, but the ...
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