Economics serving society

(November 2016) 5 papers... in 5 minutes!

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Competition for the access to and use of information in networks - Philipp Moehlmeier, Agnieszka Rusinowska and Emily Tanimura
In addition to public information, diffused by sources such as the media, and available to everyone, most of us also receive valuable information that circulates only in a restricted manner, between friends and acquaintances. Access to such decentralized information certainly matters in many contexts...
Short link to this article: http://bit.ly/2gwsHlG

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Trickle-Down Ethnic Politics : Drunk and Absent in the Kenya Police Force (1957-1970) - Oliver Vanden Eynde, Patrick M. Kuhn and Alexander Moradi
The efficient provision of public goods relies on a well-functioning public service. But, in many developing countries, the public sector suffers from absenteeism and underperformance...
Short link to this article: http://bit.ly/2fC4AVS

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Delegating relational contracts to corruptible intermediaries - Marta Troya Martinez and Liam Wren-Lewis
A wide range of important economic activities depend on self-enforcing informal `relational’ contracts. For instance, a firm may buy a good knowing that it cannot sue the other firm...
Short link to this article: http://bit.ly/2gUBMIB

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Merchants of Doubt : Corporate Political Influence when Expert Credibility is Uncertain - Mireille Chiroleu-Assouline and Thomas Lyon
One of the key roles of scientific expertise NGOs is to contribute to the transmission of scientific knowledge to legislators. However, it has been observed recently that some interest groups...
Short link to this article: http://bit.ly/2gF4AUU

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Ambiguity Preferences and Portfolio Choices : Evidence from the Field - Milo Bianchi and Jean-Marc Tallon
The ways in which individuals make decisions about saving and placement is still largely unexplored by researchers. For their part, banks and insurance companies take an approach more market-oriented...
Short link to this article: http://bit.ly/2gF4rR4