Lecture 6 Flashcards
1
Q
Explain heuristically the proof of the coase conjecture.
A
Doubt it’ll be on the exam but check Lectur 6 Slides 10-13.
2
Q
Prove the following proposition.
A
See Lecture 22 to 25.
3
Q
Slide 19
A
See slide 19
4
Q
Give the equation for the wage elasticity of labour supply.
A
wh’(w)/h(w) or (d/dw)log(h(w))/(d/dw)log(w)
