Microsoft Word - Past Exam analysis
2011-2012 2012-2013 Mock PaperQ1Explain and discuss the main
findings from empirical research on corruption behaviour. Include a
discussion of the main features of corruption relationships and the
effectiveness of anti-corruption policies. CorruptionIn
environments where workers are free to choose labour supply, the
standard neoclassical model predicts that workers work harder when
there is a transitory wage increase. Explain and discuss the main
findings of empirical studies that investigated this prediction.
Explain whether their findings are in line withthe above prediction
and discuss alternative models that could explain observed
behaviour. Incentives (Part one)a) Explain and contrast the concept
of full rationality in economics with the concept of bounded
rationality in human decision makingb) What is the confirmation
heuristic and what biases emanate from this heuristic? Bounded
rationality vs Full rationality; ConfirmationQ2Standard economic
models usually assume that economic agents can be motivated with
monetary incentives, like bonuses and fines. Explain and discuss
behavioural research that challenges this view. What are the
implications of these findings for the design of organisations?
Incentives (Part one)Discuss and explain the role of incomplete
contracts and the impact of fairness, reciprocity and reputational
concerns for labour market outcomes. Incentives (Part two)Discuss
and explain the role of incomplete contracts and the impact of
fairness, reciprocity and reputational concerns for labour market
outcomes. Incentives (Part two)Q3a) Explain and contrast the
concept of full rationality in economics with the concept of
bounded rationality in human decision making.b) What is the
availability heuristic and what biases emanate from this
heuristic?Bounded rationality vs Full rationality. Availabilitya)
Explain and contrast the concept of full rationality in economics
with the concept of bounded rationality in human decision making.
(30%)b) Explain and discuss the representativeness heuristics and
the biases that emanate from this heuristic. (70%) Bounded
rationality vs Full rationality. Representativeness
Q4Not comparable Duflo, Kremer, and Robinson (2011),Nudging
Farmers to Use Fertilizer: Theory and Experimental Evidence from
Kenya Time InconsistencySummarise and evaluate Iversen et al. Your
evaluations should include, but not limited to, a discussion about
the wider relevance of the authors findings. Intrahousehold
IssuesQ5Not comparable Compare (a) the methods used to investigate
the effects of community- driven development projects on intra-
community cooperation and (b) the findings reported in the
following two papers:
Fearon, Humphreys, and Weinstein (2009) Can Development Aid
Contribute to Social Cohesion after Civil War? Evidence from a
Field Experiment inPost-Conflict Liberia
Casey, Glennerster, and Miguel (2011)Reshaping institutions:
Evidence on aid impacts using a pre-analysis plan
What do you conclude from the comparison? Community Driven
DevelopmentCompare and evaluate Fehr, E., and A. Leibbrandt (2011)
A field study on cooperativeness and impatience in the Tragedy of
the Commons.
Rustagi D., S. Engel, and M. Kosfeld (2010) Conditional
Cooperation and Costly Monitoring Explain Success in Forest Commons
Management.
Tragedy of the commonsQ6Describe, compare and evaluate the
following two studies:Describe and evaluate the evidence for
Ashraf, Nava, Dean Karlan, Wesley Yin (2006), Tying Odysseus to
the mast: Evidence from a commitment savings product in the
Philippines',
Duflo, Esther, Michael Kremer, and Jonathan Robinson (2011),
NudgingFarmers to Use Fertilizer: Theory and Experimental Evidence
from Kenya,
Your answer should cover the theories tested, the methods
applied and the strengths and weaknesses of the evidence generated.
Time Inconsistencyand against the following proposition: Laboratory
experiments generate insights that are relevant to common- pool
resource management by agents in everyday life. Tragedy of the
commons
