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Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics.
Merton's portfolio problem is a problem in continuous-time finance and in particular intertemporal portfolio choice. An investor must choose how much to consume and must allocate their wealth between stocks and a risk-free asset so as to maximize expected utility .
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In the latest Yahoo Finance Capitol Gains podcast, Tobin Marcus, head of policy for Wolfe Research, points out that in 2022, when inflation was close to its peak, Democrats outperformed in the ...
Of course, the simplest way to avoid this tax problem in the first place is to ensure that your return is correct when you submit it. Typically, math errors only appear on returns that are filed ...
This book led to dynamic programming being employed to solve a wide range of theoretical problems in economics, including optimal economic growth, resource extraction, principal–agent problems, public finance, business investment, asset pricing, factor supply, and industrial organization.
This book describes recursive models applied to theoretical questions in monetary policy, fiscal policy, taxation, economic growth, search theory, and labor economics. In investment and finance, Avinash Dixit and Robert Pindyck showed the value of the method for thinking about capital budgeting, in particular showing how it was theoretically ...