Category: Economics

Students ask me this all the time, so here’s my explanation of the three types of inefficiency. 1. Productive inefficiency. This is a supply-side idea. Mattie and Joe both produce bananas. The bananas are identical.…

These are external functions to calculate skewness and kurtosis for a vector in R. Anyone using R is likely able to write similar functions themselves, but you never know. [code] ### sample_skew.R ### Enda Hargaden,…