Research briefings for the general public.
Communal Land and Agricultural Productivity
Jan Grobovsek evaluates the effects of the 'communal agricultural land tenure' policy institution that is widespread around the developing world. The policy's defining characteristic being that individual land property rights are not complete as allocative control over land is vested in either the community or the state. The focus of the research is based in Ethiopia with models used to measure the impact of several policy reforms.
The early origins of birth order differences in children's outcomes and parental behaviour
Many studies show that children born earlier in the family enjoy better wages andmore education. Our findings are the first to suggest that advantages of earlier-bornsiblings start very early in life. We observe parents changing their behaviour as newchildren are born, and offering less cognitive stimulation to children of higher birth order.
Transparency in Procurement: The design and use of information in trading mechanisms
The research is motivated by the need to reduce the public deficit through efficiency savings in procurement for large public institutions such as the NHS. The project's immediate objective is to increase the stock of theoretical knowledge about procurement mechanisms with the aim of producing insights that would be directly applicable in real procurement processes.
Higher income volatility hits American families’ wellbeing: Evidence from three decades to 2008
This study shows how higher income instability for many families, combined within adequate access to credit, led to larger unplanned changes in family consumption. Increasingly large fluctuations in many American households’ incomes over the 30-year period up to the Great Recession led to a fall in overall family wellbeing.
Friends Without Benefits? New EMU Members and the “Euro Effect” on Trade
Increased trade integration is considered one of the economic benefits of joining European Monetary Union (EMU). The analysis of trade effects of currency unions peaked around the time of the introduction of the euro in the early 2000s. For this reason, we re-visited the evidence on the effect of the euro on trade, focusing on countries which joined the currency area in recent years. While there may an array of benefits stemming from Eurozone membership, our findings suggest that Eurozone accession is not likely to bring about a significant trade boost.
Robert Zymek & Alina Mika
‘Workers’ cooperatives are at least as productive as their capitalist counterparts, and yet they account for a relatively small proportion of GDP in most countries. Donald A R George describes research which aims to explain this paucity of workers’ cooperatives by reference to their financing and property rights structures.
In many economic and social settings one person or institution is in charge of communicating with and disclosing information to multiple agents who are engaged in a strategic interaction. This communication takes the form of information provision about an issue or an object of common interest - the fundamental - which impacts the payoffs of the interaction.
The Illusion of Choice: Evidence from Barcelona
In the last two decades, over two-thirds of OECD countries have augmented families’ capacity to choose schools for their children beyond those closest to their homes (Musset, 2012). The aims of school choice are to improve (1) the matching between children and schools and (2) students’ educational outcomes. At the same time, (3) there are equity concerns around school choice as maybe disadvantaged families are less able to exercise choice. Calsamiglia and Güell exploit a very rich administrative data set that contains all primary school applications in the city of Barcelona.
Economic Consequences of the Cultural Revolution
The Cultural Revolution is a watershed moment in 20th-century Chinese history. Spanning a decade from 1966 to 1976, it constitutes the final years of Mao Zedong’s chairmanship, and shortly precedes the country’s economic liberalization. Intended as a campaign to consolidate the communist revolution of 1949 by “cleansing the class ranks” of “bourgeois elements,” its accompanying violence and chaos is widely believed to have had a major impact on Chinese society. Dr Bai's research project explores the economic consequences of this period, focusing on the rural experience.
An Equilibrium Model of the African HIV-AIDS Epidemic
How can we accurately model the African HIV/AIDS epidemic? This paper presents new research that uses computational general equilibrium models to map the spread of HIV/AIDS. Emphasising the importance of understanding behavioural adjustments and equilibrium effects, this new way of modelling the epidemic may well prove a useful tool for further research.
Understanding Cyclical Behaviour in Strategic Situations
Results in learning theory show that in many games adaptive learning converges to Nash equilibrium, the type of equilibrium most commonly used in studying strategic situations. However, there is a dark side, rarely acknowledged, to the theory. In some other games learning never converges but rather continues to cycle.
Designing and interpreting customer reviews
This papers considers if we can take online customer reviews or responses in social surveys at face value? If not, how should we “decode” them? How can questionnaires be designed to encourage effective communication when many people send information at the same time?
Development Accounting with Intermediate Goods
In this Focus Paper a diagnostic tool called 'development accounting' is described which is useful, for example, when considering barriers to international trade in intermediate inputs; poor contract enforcement between buyers and suppliers of intermediates; inefficiencies in publicly provided intermediates such as energy or transportation.
'Who is the fairest of them all?'
A paper which explains facial symmetry, body shapes and attractiveness in the context of behaviour and the effects of cooperation.
The importance 'to eat your greens'
Michèle Belot (University of Edinburgh), Jonathan James (University of Bath) and Patrick Nolen (University of Essex) carried out a randomised controlled field experiment to test whether providing short term incentives for eating fruit and vegetables increases consumption and helps develop healthier habits.
Sovereign Default and International Trade
Robert Zymek provides an explanation for an empirical finding of why countries which default on their foreign debt tend to experience a decline in their trade with the rest of the world.
The Theory of Planning a Successful Economic Recovery
A model based on two key concepts: the risk dominance criterion and the belief constraint.
Intergenerational mobility and the informational content of surnames
Research that presents a novel and workable method of measuring intergenerational mobility which escapes from the slavery of panel data.
José V. Rodríguez Mora
Volatility of Housing
An overview of the 2008-2011 ESRC funded project “Cohort effects within firms, and their implications for labour market outcomes and the business cycle”.
John Hardman Moore outlines his joint research with Oliver Hart, looking at the economics of power and control and the foundations of contractual incompleteness.
John Hardman Moore
Money and Liquidity
John Hardman Moore outlines his joint research with Nobu Kiyotaki on the macroeconomic questions to do with the nature of money and liquidity, and the interplay between the financial system and the aggregate economy.
John Hardman Moore