Facebook's Stock Price Valuation and the Selection Bias Issue
Why has Facebook's stock price fallen sharply? As I understand it, Facebook is now offering its users the right to "opt out" and not share their data. You do not have to be as sharp as Professor James Heckman to anticipate that this will cause a selection bias issue.
Some General Interest Reading in Climate Change Economics
Here are some suggested readings for those who want to learn about climate change economics. I name 3 books and one free article of mine.
Some Urban Economics Points About Labor Market Monopsony's Impact on Inequality
Labor economists are investigating the role of market power in labor markets as a rising source of income inequality. Here is a piece from the Washington Post and here is the Krueger and Posner Hamilton Project White Paper.
Nuances about Using the Supply and Demand Model in Urban Economics
The economist's model of supply and demand is pretty straightforward but in this brief post I would like to highlight a few twists that urban economics offers. These twists make urban economics a really interesting (and challenging) field. Economists are a type of detective.
Price Theory Problems Revised
I have added two more problems and a free version is available here.
Price Theory Problems
I'm going to keep marketing my free e-book. Here is the Table of Contents listing the problems I present;
1. Trade vs. Autarky
2. The Roy Model of Comparative Advantage
3. Household Economics
4. Standard Consumption Theory with a "Becker Twist"
5. The Cost of Climate Change
6.
