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Essays in political economics of development

Essays in political economics of development

THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE Essays in Political Economics of Development Yu Hsiang Lei A thesis submitted to the Department of Economics of the London School of Economics for[.]

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THE ECONOMICS OF BEING STUPID: A NOTE ON (IR)RATIONALITY IN ECONOMICS

THE ECONOMICS OF BEING STUPID: A NOTE ON (IR)RATIONALITY IN ECONOMICS

One area that was hit particularly hard by resistance to irrationality is the economics of policy-making. Bryan Caplan’s book, compiling and wrapping up his research project of the past decade or so [4], shows quite convincingly that attempts to explain persistence of foolish public have systematically shunned the possibility of the electorate being mistaken in understating the impact of the policies. Political process, perverted as it may be, does not explain away all the public policy foolishness. If democracy produced policy that people really liked, it would have been even more foolish than it is. Caplan points out how much the ideas of the public are systematically biased compared to what economists think. Indeed, my findings in the theater survey – the lack of appreciation of the role of prices – tallies directly with the biases he was able to identify. He thus shows that the folly of the electorate may be the missing piece in the puzzle. That the attempts of standard public choice theory to account for persistence of bad policies have been failing and have produced convoluted and useless theoretical work precisely because economists in the past century – unlike some of the century before that – turned a blind eye to the possibility of human folly. As Caplan concludes his book:
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Essays in economics of education

Essays in economics of education

The London School of Economics and Political Science Essays in Economics of Education Marta De Philippis A thesis submitted to the Department of Economics of the London School of Economics for the deg[.]

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Derrida and economics : the economics of depression

Derrida and economics : the economics of depression

For Derrida, the term 'Economics', itself, suggests this kind of effect; denoting both the dream of a stable political 'home' and a discourse inflected with symptoms of mourning:.. That [r]

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Essays on the economics of culture

Essays on the economics of culture

My evidence does not allow me to pin down the specific mechanism through which autonomy enhances human capital, but there are rich psychological and sociological literatures that afford plausible mechanisms. The cross-cultural psy- chology literature documents that culture has an impact on psychological and personality traits (Markus and Kitayama 1991; Williams, Satterwhite, and Saiz, 2002; Schwartz, 2004; Heine and Ruby, 2010), 3 while an overwhelming body of research in psychology, sociology, management, and economics, demonstrate that personality traits have an impact on job performance (Barrick and Mount, 1991, 1993; Borghans et al., 2008; Ployhart and Moliterno, 2011). A particular per- sonality trait highlighted in this literature is proactivity (e.g. Griffin, Neal, and Parker, 2007). Proactivity amongst the workforce decreases the need for scarce managerial resources, and potentially mitigates issues related to incomplete con- tracts. Taking on additional tasks is one particular form of initiative found to be strongly positively related to high job performance (Morgeson, Delaney-Klinger, and Hemingway, 2005). Related to role breadth is role choice, or sorting into more or less productive occupations (Holland, 1997). There is also a significant relationship between workplace obedience and workers taking on more routine- based tasks (Campante and Chor, 2017). This evidence suggests a natural and plausible interpretation for the role of a culture that values autonomy in affecting human capital, in that an upbringing emphasizing autonomy is likely to forge more proactive individuals. Consistent with this channel, I find evidence that
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Reconciling resource economics and ecological economics: the economics of sustainability and resilience

Reconciling resource economics and ecological economics: the economics of sustainability and resilience

The development of mathematical systems theory primarily within electrical and electronic engineering and the study of thermodynamic properties of electrical and electronic networks then[r]

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Essays in labor economics

Essays in labor economics

My title The London School of Economics and Political Science Essays in Labor Economics Georg Graetz A thesis submitted to the Department of Economics of the London School of Economics for the degree[.]

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Essays in applied computational economics

Essays in applied computational economics

The London School of Economics and Political Science Essays in Applied Computational Economics Inna Grinis A thesis submitted to the Department of Economics of the London School of Economics for the d[.]

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Essays in behavioral economics

Essays in behavioral economics

The London School of Economics and Political Science Essays in Behavioral Economics Marcus Roel A thesis submitted to the Department of Economics of the London School of Economics for the degree of Do[.]

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Essays in labor and public economics

Essays in labor and public economics

Essays in Labor and Public Economics The London School of Economics and Political Science Essays in Labor and Public Economics Giulia Giupponi A thesis submitted to the Department of Economics of the[.]

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Essays in information economics and political economy

Essays in information economics and political economy

London School of Economics and Political Science Essays in Information Economics and Political Economy Weihan Ding A thesis submitted to the Department of Economics of the London School of Economics a[.]

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Essays in public economics

Essays in public economics

The London School of Economics and Political Science Essays in Public Economics Mohammad Vesal A thesis submitted to the Department of Economics of the London School of Economics and Political Science[.]

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Essays in organisational economics

Essays in organisational economics

i The London School of Economics and Political Science Essays in Organisational Economics Melania Nica A thesis submitted to the Department of Economics of the London School of Economics for the degre[.]

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Essays in applied economics

Essays in applied economics

The London School of Economics and Political Science Essays in Applied Economics Stephan Ernst Maurer A thesis submitted to the Department of Economics of the London School of Economics for the degree[.]

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Three essays on macro labour economics

Three essays on macro labour economics

The London School of Economics and Political Science Three Essays on Macro Labour Economics Jiajia Gu A thesis submitted to the Department of Economics of the London School of Economics for the degree[.]

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Essays in information economics

Essays in information economics

The London School of Economics and Political Science Essays in information economics Clement Minaudier A thesis submitted to the Department of Economics of the London School of Economics and Political[.]

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Essays on labour economics

Essays on labour economics

The London School of Economics and Political Science Essays on Labour Economics Attakrit Leckcivilize A thesis submitted to the Department of Economics of the London School of Economics and Political[.]

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As if behavioral economics: Neoclassical economics in disguise?

As if behavioral economics: Neoclassical economics in disguise?

commensurability, with its unrealistic implication of ruling out lexicographic choice rules. If, for example, x represents a positive quantity of ice cream and y represents time spent with one‘s grandmother, then as soon as we write down the utility function U(x, y) and endow it with the standard assumptions that imply commensurability, the unavoidable implication is that there exists a quantity of ice cream that can compensate for the loss of nearly all time with one‘s grandmother. The essential role of social interaction, and time to nurture high quality social interactions as a primary and unsubstitutable source of happiness, is emphasized by Bruni and Porta ‘s (2007) recent volume on the economics of happiness. The disadvantage of ruling out lexicographic choice and inference also rules out their advantage of time and effort savings, in addition to improved out-of-sample prediction in some settings (Czerlinski, Gigerenzer, and Goldstein, 1999; Gigerenzer and Brighton, 2009).
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Essays on development economics and Chinese economy

Essays on development economics and Chinese economy

and Singhal, 2014). Decentralization in practice consists of the devolution of various decision-making powers, including fiscal, administrative and political, to small-scale entities at the local level. However, while the degree of centralization is considered one of the most important dimensions of policy making, in the economics literature it remains an open question. In theory, although Tiebout (1956) first raised the efficien- cy of decentralization realized by voting with one’s feet, most recent work provides ambiguous predictions on its effects. For example, Besley and Coate (2003) model the debate as a trade-off between conflicts of interests under centralization and externality problems under decentralization; Boffa et al. (2015) argue that a centralized govern- ment cannot differentiate policies for voters with heterogeneous tastes but, under a decentralized government, voters with less information may not monitor local govern- ments well. In terms of the related empirical literature, evidence is mixed and most of the existing papers fail to establish a causal relationship (Bardhan, 2002; Mookher- jee, 2015). In addition, most of them are based on decentralization reforms and few directly evaluate the effects of centralization. Moreover, most empirical papers do not identify any clear mechanisms that might make either centralization or decentraliza- tion beneficial. In general, there is no clear answer, either theoretically or empirically, about the extent to which a government should be centralized.
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The efficiency of economics departments reconsidered

The efficiency of economics departments reconsidered

Employing data envelopment analysis and the free disposal hull approach, we evaluate the efficiency of 206 economics departments around the world. We use one input, full-time equivalents, and ten outputs which were both downloaded from RePEc website. By aver- aging over 1023 efficiency scores, obtained from all possible input-output combinations, we rank the economics departments. Furthermore, we provide some evidence that efficiency is not well correlated with reputation which is measured by the institutional ranking in RePEc.

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