• 107 Posts
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Joined 2 years ago
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Cake day: June 30th, 2023

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  • Jordan117@lemmy.worldtopics@lemmy.worldNot for sale.. ever!
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    1 month ago

    Apparently in many developing world cities with shaky property records it’s known for fraudsters to make fake real estate deals using buildings they don’t own, to the point that in Google Street View it’s common to see “this property is not for sale” or similar painted on house walls near the entrance. I’ve never seen it on a building this large though!










  • Jordan117@lemmy.worldOPtoPolitical Memes@lemmy.worldIt's Greek to me
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    3 months ago

    Direct from USTR.gov:

    To calculate reciprocal tariffs, import and export data from the U.S. Census Bureau for 2024. Parameter values for ε and φ were selected. The price elasticity of import demand, ε, was set at 4.

    Recent evidence suggests the elasticity is near 2 in the long run (Boehm et al., 2023), but estimates of the elasticity vary. To be conservative, studies that find higher elasticities near 3-4 (e.g., Broda and Weinstein 2006; Simonovska and Waugh 2014; Soderbery 2018) were drawn on. The elasticity of import prices with respect to tariffs, φ, is 0.25. The recent experience with U.S. tariffs on China has demonstrated that tariff passthrough to retail prices was low (Cavallo et al, 2021).