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Open science initiatives have gained traction in recent years. However, open peer-review practices, i.e., reforms that (i) modify the identifiability of stakeholders and (ii) establish channels for the open communication of information between stakeholders, have seen very little adoption in economics. In this paper, we explore the feasibility and desirability of such reforms. We present insights derived from survey data documenting the attitudes of 802 experimental/behavioral economists, a conceptual framework, a literature review, and cross-disciplinary data on current journal practices. On (i), most respondents support preserving anonymity for referees, but views about anonymity for authors and associate editors are mixed. On (ii), most respondents are open to publishing anonymized referee reports, sharing reports between referees, and allowing authors to appeal editorial decisions. Active reviewers, editors, and respondents from the US/Canada are generally less open to transparency reforms.
En América Latina, la libertad para decidir sobre el propio cuerpo a través de la anticoncepción y el aborto han estado en el centro de las disputas feministas por la autonomía y la equidad de género. Si bien este énfasis en el derecho a no tener hijos ha posibilitado importantes transformaciones sociales e institucionales, su foco en la elección individual y la limitación de la fecundidad no ha sido suficiente para comprender la complejidad de las opresiones y violencias que caracterizan las experiencias reproductivas en la región. Este artículo adopta el lente de la justicia reproductiva como herramienta epistémica para abordar la relación entre reproducción y justicia social en América Latina. A partir de investigaciones en Chile, Colombia y Perú, este artículo muestra cómo el derecho a tener y criar hijos en condiciones dignas, seguras y sostenibles es vulnerado por configuraciones estructurales asociadas a políticas eugenésicas de planificación familiar, la precarización neoliberal de la seguridad social y la degradación medioambiental. Resaltando las convergencias entre el marco de justicia reproductiva y el conocimiento construido por los feminismos latinoamericanos, este artículo contribuye a ampliar los marcos epistémicos y políticos para abordar los desafíos de la reproducción en América Latina.
Contested commodities such as kidneys, surrogate pregnancies, or sex work raise questions about whether these exchanges improve people’s lives or cause harm. We address this issue by examining how U.S. participants perceive changes in buyers’ and sellers’ welfare resulting from contested‑commodity transactions. Across both contested and non‑contested commodities, respondents predominantly evaluated exchanges through a zero‑sum lens – assuming that one party gains at the other’s expense. Despite normative debates emphasizing the vulnerability of sellers in contested markets, participants frequently viewed sellers as the beneficiaries, though less strongly than in non‑contested exchanges. These findings have implications for the institutional analysis of contested commodity markets. Because the perceived legitimacy of market institutions partly depends on public beliefs, our results help illuminate the moral and policy disputes that shape debates over commodification.
This study develops a replicable framework for estimating the size and economic contribution of the bioeconomy and circular economy, using Southern Arizona as an illustrative case. It employs input–output modeling to include multiplier effects, reporting results in terms of jobs supported and value added. Because the framework relies exclusively on publicly available state- and county-level data, it can be readily applied to other U.S. regions, enabling consistent comparison across places and over time.
In a $k$-replica Edgeworth box economy, we compare outcomes of laboratory markets in which human traders have different visualizations available on their screens. Novel visualizations include a heat map that shows at a glance the value of all feasible portfolios (i.e., final allocations); a geometric display of the order book; and order entry via point-and-click on the heat map. Efficiency metrics focus on allocations, prices and profitability. Compared to the traditional text-oriented trader screen for the continuous double auction, we find that the novel features generally increase all three efficiency metrics.
In 1963 Columbia Records, Roulette Records, and the Congress of Racial Equality (CORE) joined forces to produce and release a jazz record titled A Jazz Salute to Freedom, and in doing so they allied with CORE and their fight for racial equality. The sales revenue generated helped CORE maintain a positive cash flow and exposed legions of jazz fans in the United States and abroad to CORE’s concerns with racial discrimination. The record’s marketing collateral engaged fans in dialogue about the fight for racial equality. By offering CORE access to resources and professional expertise, Roulette and Columbia became collaborators in civil rights activism. The relationship between CORE, Roulette, and Columbia Records represents a unique historical example of corporate allyship within the struggle for civil rights, an example that adds nuance and complexity to our historical understanding of the movement’s relationship with private enterprise.
The LSE Behavioural Public Policy Knowledge Exchange Group (hereafter the Group) was formed to bring together behavioural specialists across the public and private sectors, the international agencies and academia. The purpose of the Group was for its members to discuss the role that behavioural science ought to play in informing decisions that affect individuals and society. The hope was that, by having a Group of the various stakeholders in behavioural public policy meet regularly over an extended period, a shared understanding of the appropriate objectives of this subfield of public policy might be agreed upon. At the very first meeting of the Group, an attempt was thus made to identify some behavioural public policy principles that all members of the Group could accept. At that meeting, there was common consensus in supporting the use of behavioural public policy to strengthen individual agency in the decisions that people take that affect their own lives, to target externality concerns, and to protect and nurture the social instincts.
I show that home ownership decisions across countries and individuals are shaped by a cultural heritage from agriculture. For centuries, dominant assets in preindustrial economies were either land or cattle. Consequently, the type of farming prevailing locally shaped preferences and beliefs about the relative value of immovable and movable assets. This cultural heritage had long-lasting consequences. Today, individuals originating from societies with a history of crop agriculture—where the dominant asset was land—are more likely to be homeowners. For identification, I rely both on home ownership decisions of second-generation immigrants in the United States and on an instrument.
The setting up of “second registries” by European governments in the 1980s was a formative moment in contemporary maritime history. Developed in an effort to counteract the growing use of offshore flags of convenience, these registries provided European shipping companies with spaces of exception from normal regulation, lifting national manning requirements and allowing for foreign labor to be hired on local wages. This article investigates the emergence of the Nordic variants, called “international ship registries” (ISRs). Employing a global perspective which focuses on the interplay between business actors, narratives, and national politics, it argues that the influence of offshore actors in shaping the Nordic developments was more pronounced than previous research suggests. The ISR policy was originally proposed to Norwegian policymakers by an offshore shipowner living in Bermuda. From there, it transferred to Denmark and Sweden, shaping their policy debates in the 1980s and 1990s.
This article investigates the dynamics of a parsimonious extension of the standard neo-classical growth model introduced by Solow (1956) and Swan (1956) to a two-sector growth model in discrete time. We identify the economy’s propensity to invest as a market mechanism that may cause endogenous business cycles and complex dynamics, provided that the elasticity of factor substitution in producing consumption goods is sufficiently small. The theoretical results are supported by numerical evidence for topological chaos and strange attractors.
This paper assesses the impact of demographic risk on a portfolio of equity-linked insurance contracts featuring a Cliquet-style guarantee, in which the policyholder accrues, on an annual basis, interest equal to the maximum between the return on a risky portfolio and a guaranteed minimum rate. We provide closed-form expressions for inflows, outflows, and reserves for such a portfolio through a cohort-based approach. In accordance with market-consistent actuarial principles, we determine both the no-arbitrage value of the liabilities and the structure of the hedging portfolio that replicates the guaranteed benefits. We quantify demographic risk by separately assessing the capital requirements for both idiosyncratic and trend risks. The capital requirement is computed over a one-year horizon using a 99.5% Value-at-Risk measure, consistent with the Solvency II regulatory framework. The model accommodates different regulatory contexts, allowing for jurisdiction-specific rules and accounting standards. Numerical simulations highlight how the portfolio’s risk profile is affected by demographic volatility, which is influenced by policyholder age, policy duration, and dispersion of the sums insured. Additionally, trend risk depends on both mortality volatility and the specification of the longevity model. This framework supports insurers in evaluating, hedging, and managing demographic risk in market-linked life insurance products.
The paradox of environmental sustainability is often framed as a trade-off between profit and planet. Mainstream sustainability approaches remain constrained by anthropocentric and reductionist assumptions that treat economy and ecology as separable domains. Guided by Kaupapa Māori (Māori approach) principles, this research explores an alternative relational approach grounded in te ao Māori (Māori world view). Drawing on Kōrero (Māori narrative approach) with 11 participants, analysed through reflexive thematic analysis, the paper develops the Whakapapa–Mauri–Utu Regenerative Cycle. In this framework, Whakapapa (genealogy) establishes non-negotiable governance responsibilities, Mauri (life force) serves as an evaluative indicator of ecosystem health, and Utu (reciprocity) reorients economic activity toward restoration and collective wellbeing. This paper contributes to paradox scholarship by demonstrating that sustainability tensions are reframed when organisations are understood as genealogically embedded within spiritual and ecological systems. Rather than being managed through trade-offs between separable objectives, sustainability becomes a relational obligation enacted through genealogical integrity.
Este artículo plantea que Grrr (1969), el primer libro de artista de Guillermo Deisler, constituye una intervención poética sobre la relación entre los medios visuales y la guerra de Vietnam en el marco de la Guerra Fría. Frente a lecturas que lo han situado tan solo como un antecedente de la poesía visual chilena, argumento que el libro problematiza el papel de la televisión en la producción y el consumo de imágenes bélicas. Mediante procedimientos como el collage, el recorte, el troquelado y el montaje, Grrr hace de la materialidad del soporte un dispositivo crítico que fractura la ilusión de transparencia mediática. En ese proceso, Grrr vuelve legibles los marcos visuales que organizan la percepción pública e interroga las condiciones bajo las cuales la guerra deviene imagen.
We experimentally investigate whether lying is more likely when the addressees are individuals or groups of individuals, and in the latter case how the probability of lying depends on the group size and the magnitude of the negative externality inflicted by the lie. We employ an observed cheating game, where an individual can reveal or misreport a privately observed number. A misreport can be monetarily beneficial for the liar but imposes a monetary loss on addressees. The privately observed number is also known to the experimenter, who, therefore, can study both whether there is truth or misreporting and, in the latter case, the extent of misreporting. Treatments vary the loss for group members compared to the loss for an individual addressee. We find that groups are never lied to more than individual addressees. When considering how much to deviate from the truth, liars are sensitive to a decreasing loss at the individual level but do not care for an increasing loss at the group level. Groups of different sizes are treated similarly. Social image concerns may explain the results.
We explore the effectiveness of regulatory inspections in promoting compliance with environmental protection standards and the variations influenced by institutional trust and corruption. We utilize a nationally representative dataset of manufacturing micro, small and medium enterprises (MSMEs) in Zimbabwe using the Inverse Probability Weighted Regression Adjusting estimation method. We find that, first, regulatory inspections promote MSMEs’ compliance with environmental protection standards. Second, the impact of regulatory inspections on compliance is stronger when MSME owners have trust in regulatory institutions compared to when they do not. Third, regardless of entrepreneurs’ trust levels in institutions, the possibility of bribing regulatory agency officers dilutes the effectiveness of regulatory inspections in fostering compliance. Finally, in cases where entrepreneurs lack trust in institutions, regulatory inspections have no statistically significant effect on compliance for corrupt entrepreneurs.
This Element presents the main characteristics of international trade in the Middle East and North Africa (MENA) region by analyzing whether its trade policy managed to build or break bridges among MENA countries and with the rest of the world. Its objective is threefold. First, it provides an overview of trade theories from the MENA region perspective. Second, it analyzes the main trends and features of trade flows and trade policies. Third, it shows how trade policies had different development outcomes related to gender, informal employment, and the composition of labor demand. The main findings show that trade policies and domestic characteristics explain the relatively poor performance of trade flows in most of the diversified MENA economies. Also, the MENA region is highly affected by world business cycles given that this region is the largest exporter of oil. Finally, development outcomes still need to be streamlined within trade policies.
This Element contributes to a better understanding of the burning question of why voters support politicians who subvert democracy. Instead of focusing on the usual explanations such as polarization or populism, the Element breaks new ground by focusing on the interplay between democracy and nationalism. By relying on the experiences of five countries (Serbia, Poland, Hungary, Israel, and Turkey) and using exclusive data obtained through surveys and interviews with actors involved, the Element answers three key questions: (1) How the subversion of democracy in the name of the nation unfolds, (2) Why many voters acquiesce to the subversion of democracy by nationalist elites, and (3) What matters in resisting the attacks on democracy with nationalist appeals. The answers to these questions reconcile demand-side and supply-side findings on democratic backsliding and shed new light on how to fight back more successfully.