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Hayek on the wisdom of prices: a reassessment

Bronk, Richard - London School of Economics (LSE) - 2013

This paper re-examines Hayek’s insights into the problem of knowledge in markets, and argues that his analysis remains pertinent but has serious flaws. His central thesis—that the market price system is essential for communicating information and coordinating transactions wherever knowledge...

Persistent link: https://www.econbiz.de/10011071336

Climate change and sustainable welfare: an argument for the centrality of human needs

Gough, Ian - London School of Economics (LSE) - 2014

Since climate change threatens human wellbeing across the globe and into the future, we require a concept of wellbeing that encompasses an equivalent ambit. This paper argues that only a concept of human need can do the work required. It compares need theory with three alternative approaches....

Persistent link: https://www.econbiz.de/10011126528

Estimating the rational expectations model of speculative storage : a Monte Carlo comparison of three simulation estimators

Michaelides, Alexander; Ng, Serena - London School of Economics (LSE) - 2000

The non-negativity constraint on inventories imposed on the rational expectations theory of speculative storage implies that the conditional mean and variance of commodity prices are non-linear in lagged prices and have a kink at a threshold point. In this paper, the structural parameters of...

Persistent link: https://www.econbiz.de/10010928703

The (im)possibility of interdisciplinarity: lessons from constructing a theoretical framework for digital ecosystems

Dini, Paolo; Iqani, Mehita; Mansell, Robin - London School of Economics (LSE) - 2011

an interdisciplinary Framework Programme 7 research project funded by the European Commission in the area of digital … ecosystems. The paper first provides a description of the interdisciplinary structure of the research agenda of the project and … epistemology that arose in the context of theorising interdisciplinary research and provides a summary of how these were dealt with …

Persistent link: https://www.econbiz.de/10010745028

The resistible decline of European science

Bauwens, Luc; Mion, Giordano; Thisse, Jacques-François - London School of Economics (LSE) - 2011

Using a new data set that allows us to analyze precisely the research output in all fields of science, we show that the gap in scientific performance between Europe, especially continental Europe, and Anglo-Saxon countries, especially the USA, is large. We measure research quality by the number...

Persistent link: https://www.econbiz.de/10011071371

The plausibility of cross-national comparisons of internet use types

Helsper, Ellen; Gerber, Monica M. - London School of Economics (LSE) - 2012

In studies that compare Internet use between groups, factor analysis is often used to create broader categories of use. Composite variables are constructed using a factor structure that fits the overall data. This approach overlooks tests that show whether the constructs are valid and whether...

Persistent link: https://www.econbiz.de/10011126187

Giving a little help to girls? evidence on grade discrimination and its effect on students' achievement

Terrier, Camille - London School of Economics (LSE) - 2015

This paper tests if gender-discrimination in grading affects pupils' achievements and course choices. I use a unique … during high school. Based on double-differences, the identification of the gender bias in grades suggests that girls benefit …

Persistent link: https://www.econbiz.de/10011266091

Is child work necessary?

Bhalotra, Sonia - London School of Economics (LSE) - 2000

This paper investigates why children work by studying the wage elasticity of child labour supply. Incorporating subsistence constraints in to a model of labour supply, we show that a negative wage elasticity favours the hypothesis that poverty compels work whereas a positive wage elasticity...

Persistent link: https://www.econbiz.de/10010744915

Does the labour market explain lower female schooling in India?

Gandhi Kingdon, Geeta - London School of Economics (LSE) - 1997

cited explanations of the gender gap in education in developing countries. This study empirically tests the labour market …. Using the Blinder-Oaxaca method, the gross gender difference in earnings is decomposed into the part that is explained by …

Persistent link: https://www.econbiz.de/10010746292

Offline social identity and online chat partner selection

Helsper, Ellen - London School of Economics (LSE) - 2014

-efficacy differed significantly between boys and girls when youth and gender identities were emphasized but not when stressing personal …

Persistent link: https://www.econbiz.de/10011125936