Exploring whether behavior in context-free experiments is predictive of behavior in the field: Evidence from lab and field experiments in rural Sierra Leone

We use a sample of subsistence farmers in Sierra Leone as respondents to compare behavior in a context-free experiment (a standard public goods game) and behavior in the field (a real development intervention). There is no meaningful correlation in behavior across contexts. This casts doubt on the prospect of using lab experiments as “predictors” of behavior in real life.     

SURVEY OF ECONOMIC IMPLICATIONS OF MARITIME AND TERRITORIAL DISPUTES

Drawing on studies on the economics of conflict, this paper reviews the literature on maritime and territorial disputes; and it examines an array of economic implications associated with territorial and maritime disputes. These include adverse effects on certain economic and development outcomes arising from possible armed confrontation, with some of these possibly lingering in the aftermath of conflict. There are also various economic disruptions and costs associated with these disputes, emphasizing how they also affect the livelihoods of resource users in the disputed areas. A clearer understanding of these economic links could help inform and motivate policymakers on mitigating the risks of conflict. Based on the review of evidence herein, the economic implications of conflict in terms of foregone average trade among the country pairs considered in the West Philippine Sea/South China Sea (in 1985 dollars) – which differ in important ways but hint at some common channels of impact – could range from US$ 909.3 million to US$ 98.8 billion. More broadly, the impacts on a disrupted global production chain can easily amplify these results even further, affecting global growth prospects for many decades, according to experience.     

Experimental Auction Procedure: Impact on Valuation of Quality Differentiated Goods

Despite increased use of experimental auctions, a myriad of different procedures are being employed without formal consideration of how the procedures might affect results. This study investigates the effect of several procedural issues on valuation estimates from experimental auctions. Results indicate the second price auction generates higher valuations than English, Becker–DeGroot–Marschak (BDM) , and random n th price auctions, especially in latter bidding rounds, and that random n th price auction yields lower valuations than English and BDM auctions. We find that endowing subjects with a good prior to eliciting bids can have an impact on valuations, but the effect varies across auction mechanism.     

Jolly Dogs and McSpaghetti: Anthropological Reflections on Global/Local Fast-Food Competition in the Philippines

The Philippines' fast-food scene presents a compelling model of how Western market forces such as globalization and neoliberalism can have positive impacts on local populations. For example, competition between multinational brands (McDonald's) and their local counterparts (Jollibee) increasingly informs Filipino cultural/political identity. Jollibee's bellwether position in the country's thriving fast-food trade has become an intense source of national pride. Innovative menu items, aggressive marketing, and subtle expressions of postcolonial resistance all contribute to Jollibee's dominance over foreign companies, especially McDonald's. Ethnographic data from a provincial Philippine city in 2005–2006 reveals how smaller domestic players effectively compete against global retail giants.