INFORMATION TECHNOLOGY AND THE CHARACTER OF CONTEMPORARY LIFE

The paper deals with the basic features of the life-space created by contemporary information industry,and with the dominant attitudes towards the opportunities and limitations information technology offers and imposes. We consider the problem of information glut, the quality of public discourse, the question of privacy and technological alienation. Concerning the basic attitudes, we discuss the aesthetic, the moral and the religious views, considered in the context of the present life-space pervaded and shaped by information technology. The paper concludes with a discussion of the possible consequences of global homogenization and of the cultural ahistoricity that are being created by the massive use of information technology. Among the positive aspects of this new 'global culture of the present' we point out the possible increase of global human solidarity; among the negative ones, we point out the flattening and shrinking of the space of human experience, which this uniform culture of the present imposes.     

SALIENCE AND THE GOVERNMENT PROVISION OF PUBLIC GOODS

This paper examines how behavioral biases caused by salient events affect the government provision of public goods. We develop a theory in which competing communities lobby the government for allocations of a local public good. Salient events bias community demands for the good, which results in inefficient allocations. We empirically test this theory using salient wildfires and government projects to reduce wildfire risk. Wildfires reduce risk to nearby communities, but may increase demand for fuels management projects because of biases induced by salient wildfires. We find that communities experiencing recent nearby fires are more likely to receive fuels management projects. (JEL D03, H41, Q24)     

QUANTIFYING THE LIFE CYCLE OF SCHOLARLY ARTICLES ACROSS FIELDS OF ECONOMIC RESEARCH

Does the life cycle of economic papers differ across fields of economic research? By constructing and analyzing a large dataset that combines information on 9,672 articles published in the top five economic journals from 1970 to 2000 with detailed yearly citation data obtained from Google Scholar, we find that published articles do have a life cycle that differs across fields of economic research (which we divide into the categories of applied, applied theory, econometric methods, and theory). Applied and applied theory papers are the clear winners in terms of citation counts. For the first years after their publication, they receive higher numbers of citations per year than papers in other fields of research do. They also reach a higher peak number of citations per year and apparently sustain those peak levels for longer, in addition to being cited over longer periods of time (i.e., they have a longer lifespan). Citation patterns are much less favorable for theoretical papers, which are the object of fewer citations per annum in the first years following publication, have lower peak numbers and a shorter lifespan. Econometric method papers are a special case; the pattern for most of these papers is similar to the pattern for theory papers, but the most successful papers (as measured by the number of citations) on econometric methods are also the most successful papers in the entire discipline of economics. (JEL A14)     

HEALTH, EDUCATION, AND LIFE CYCLE SAVINGS IN THE DEVELOPMENT PROCESS

This paper studies investment in health and human capital in a life cycle model. Health investment enhances survival to old age by improving health from its endowed level. The model predicts two distinctive phases of development. When income is low enough, the economy has no health investment and little savings, leading to slow growth. When income grows, health investment will become positive and the saving rate will rise, leading to higher life expectancy and faster growth. A health subsidy can move the economy from the first phase to the next. Subsidies on health and human capital investments can improve welfare. ( JEL I00, J10, H50, O10)     

PERSONAL INFORMATION AND SOCIAL LIFE*

This paper revolves around the informational aspect of social relationships, attempting to identify the fundamental social patterning of personal information and to establish the basic conceptual framework necessary for analyzing this topic from a sociological perspective. The paper explores the major parameters of personal information (amount, scope, and depth), relating them to sociological variables such as social distance, social power, privacy, and intimacy. It then examines the “information preserve”, a quasi-spatial territory of the self, discussing various forms of defending it (such as discretion, concealment, and fabrication), as well as ways in which it is protected by others (with a particular emphasis on confidentiality and tact).     

THE HAZARDOUS EFFECTS OF ANTIDUMPING

We investigate the extent to which antidumping actions eliminate trade altogether. Using quarterly 10‐digit HS‐level export data for products involved in U.S. antidumping cases we find that antidumping actions increase the hazard rate by more than 50%. We find strong evidence of investigation effects with the impact during the initiation and preliminary duty phases considerably larger than once final duties are imposed. There are also important differences with respect to the size of duties with cases with large duties experiencing very large investigation effects. We show the antidumping (AD)‐affected countries are less likely to return to the market even after the AD order is removed. (JEL F13, F14)     

LIMITS OF THE EFFECT OF SOCIAL INFORMATION ON THE VOLUNTARY PROVISION OF PUBLIC GOODS: EVIDENCE FROM FIELD EXPERIMENTS

Previous work has demonstrated the effect of social information in the voluntary provision of public goods in the field. In this article, we demonstrate the boundary conditions of the effect. We show that when social information is too extreme, it ceases to influence individual contributions. The results highlight a natural limitation of the social information effect, and provide a characterization of the most effective levels for an organization to use. (JEL M31, H41, D64)     

THE EFFECT OF REWARDS AND SANCTIONS IN PROVISION OF PUBLIC GOODS

A growing number of field and experimental studies focus on the institutional arrangements by which individuals are able to solve collective action problems. Important in this research is the role of reciprocity and institutions that facilitate cooperation via opportunities for monitoring, sanctioning, and rewarding others. Sanctions represent a cost to both the participant imposing the sanction and the individual receiving the sanction. Rewards represent a zero-sum transfer from participants giving to those receiving rewards. We contrast reward and sanction institutions in regard to their impact on cooperation and efficiency in the context of a public goods experiment . ( JEL C92)     

INFORMATION WARFARE AND THE FUTURE OF THE SPY

This article examines the impact of the new ICTs on the collection of covert intelligence and covert political actions undertaken by national intelligence agencies. It is argued that there exist two distinct doctrines in the literatures of intelligence and information warfare concerning the future relative importance of information from human sources ('agents') and technical methods (signal interception, overhead imagery and the emerging field of clandestine penetration of networked information systems). The arguments in favour of human and technical methods are examined in the context of information warfare techniques and technologies, as are covert action methods such as disinformation, disruptive action and 'cyber-sabotage'. Certain civil liberties implications of ICT-based strong encryption are also examined. The article concludes that what is required is a greater emphasis on integrating human and technical methods into a unified whole, especially where human methods can provide opportunities which can be further exploited by technical methods.     

A CLEAR AND PRESENT MINORITY: HETEROGENEITY IN THE SOURCE OF ENDOWMENTS AND THE PROVISION OF PUBLIC GOODS

We conduct public goods experiments in which participant groups are heterogeneous in regards to the source of their endowments. We find that this dimension of heterogeneity significantly reduces contributions to the public good, yielding strong support for the Nash prediction of minimal contributions. These minimal contributions arise in environments in which there exists a clear minority in terms of source of endowments. We discuss these results in light of current research on the influence of heterogeneous populations on public goods provision and redistributive policies. (JEL C9, D63, H4, J15)     

ADDICTION, COMPULSION, AND THE TECHNOLOGY OF CONSUMPTION

The consumption technology model of Lancaster and Becker is extended to include addictive activities. Assuming a utility function in which the individual places a premium on maintenance of self-esteem, the model generates empirically verified patterns of habituation, withdrawal, and the compulsive restarting of an abandoned habit. It is then applied to the analysis of public policies toward drug abuse. Their frequent ineffectiveness is shown to result from an unwarranted emphasis on deterring the addictive activity rather than on encouraging atceptable behavior.     

STANDARDS-MAKING ORGANIZATIONS AND THE RATIONALIZATION OF AMERICAN LIFE

Standards for products and procedures shape every facet of contemporary American life. Yet despite their pervasiveness and their centrality to the process of rationalization, standards have been virtually ignored by sociologists. This paper argues that the evolution of standards promulgating organizations and their struggle for control of the standards-making process is a neglected feature of societal rationalization. Specifically, the history of ANSI and other standards-making organizations illustrates how a shift in the engine of organizational rationalization may have taken place and how, as part of that shift, the "power to set premises" was successfully claimed by the private sector.     

PRODUCTIVITY GROWTH IN GOODS AND SERVICES ACROSS THE HETEROGENEOUS STATES OF AMERICA

In this study, we examine the importance of multifactor productivity (MFP) growth in goods and services for U.S. States during 1980–2007 by applying the dual growth accounting framework. We find that MFP growth was relatively high and converged in the goods sector, but was low and did not converge in services. Although low growth in MFP in services was due to declining real user cost, particularly in real estate services, the lack of convergence itself was due to variation in wage growth. We also document that while the gap between productivity and wage growth was higher in goods, the two series were more strongly correlated in services. Finally, states with higher initial human capital experienced higher growth in both sectors. (JEL O47, R11)     

CULTURAL CAPITAL AND THE VARIETY OF MODES OF CULTURAL CONSUMPTION IN THE OPERA AUDIENCE

Research on cultural consumption and its social conditions mainly focuses on tastes and on products consumed rather than on modes of consumption. This article takes up this desideratum and studies the modes of listening to classical music in opera audiences based on a visitor survey. In contrast to the prevailing image of the silent and intellectual audience in high‐brow institutions, the study shows there is a broad array of modes people use to listen to classical music. With respect to Bourdieu's theory of arts perception, in particular his notion of cultural capital, one can show empirically that the modes of cultural consumption in this case are determined by listeners' cultural capital.     

INFORMATION AND THE PROVISION OF QUALITY DIFFERENTIATED PRODUCTS

Governments often enact information provision policies to overcome asymmetric information of product qualities. We show that increasing awareness among consumers of the quality of a good can (but will not always) encourage firms to produce goods with higher levels of quality. Even if product qualities increase, social welfare may fall as information provision results in too much product differentiation. We show that the effectiveness of emission taxes and output subsidies are affected by the level of consumer knowledge of product quality, and we identify conditions under which information provision is welfare enhancing relative to these price instruments. ( JEL L1 5, Q58)     

EMERGING TRENDS IN THE PROVISION AND CONSUMPTION OF HEALTH SERVICES

Health services are examined in terms of emerging trends for the new millennium. On the one hand, centralization is increasing as payers tighten control over disbursements through managed care and more restrictive health insurance. On the other hand, health services are decentralizing as patients acquire more information and take more control of some aspects of treatment. Health services markets now also show signs of becoming global in nature, possibly benefiting both bulk purchasers of care and individual consumers. Any tendencies toward increased patient control are likely to be ephemeral, however: In the absence of reforms sparked by yet-to-be-experienced crises, advances in technology, particularly in medical informatics, will likely be used to strengthen the profit positions of insurance providers, not to provide more comprehensive health care services for patients.     

CATASTROPHE THEORY AND THE BUSINESS CYCLE

We use the approach of R. Thom's "Catastrophe Theory" to construct a generalization of Kaldor's 1940 trade cycle. The model allows for cyclic behavior which exhibits either rapid recoveries (recessions) or slow recoveries (depressions) .     

ASYMMETRIC INFORMATION AND THE EXCESS VOLATILITY OF STOCK PRICES

Evidence suggests the volatility of stock prices cannot be accounted for by information about future dividends. We argue that some of the volatility of stock prices in excess of fundamentals results from fluctuations in the amount of public information over time. Our model assumes that dividends and consumption are constant in the aggregate but that there are good firms and bad firms whose identity may be unknown to the public, as in Akerlof's "lemons" problem. In that case, the collective valuation of the constant dividend stream depends on the degree of informational asymmetry.