tag:blogger.com,1999:blog-91544047247579708022011-04-22T12:57:17.203+07:00A cup of soup of blended ideas in Economics and LawGreen Curryhttp://www.blogger.com/profile/04397350058496057288noreply@blogger.comBlogger211100tag:blogger.com,1999:blog-9154404724757970802.post-55073983740313519802008-12-10T10:31:00.003+07:002008-12-10T10:35:03.087+07:00

Part IIThis morning, December 10th 2008, five days after the Bangkok International Airports were given back by the PAD, I came across a noteworthy article during my usual morning coffee and I would wish to share with all of you. December 10th has another importance; it is the day of the Universal Declaration of Human Rights since 1948. Since the PAD started its long-winding protest, we all had

Green Curryhttp://www.blogger.com/profile/04397350058496057288noreply@blogger.com1tag:blogger.com,1999:blog-9154404724757970802.post-51172218772642494762008-12-10T10:27:00.003+07:002008-12-10T10:31:06.178+07:00

The reason I have this time to write something again on this blog is that today is another national holiday in Thailand. Every year on December 10th, all Thai citizens are granted a special day, not just to stay in bed longer, but a day to remember that some time more than 60 years ago, a group of people had fought for us to be here. And many occasions from then on, many lives lost to defend our

Green Curryhttp://www.blogger.com/profile/04397350058496057288noreply@blogger.com1tag:blogger.com,1999:blog-9154404724757970802.post-70395947106886331382008-10-26T03:38:00.010+07:002008-10-29T04:39:35.811+07:00

I think we can come to some agreements now that there are many human (and economic) behaviours that standard economic models cannot predict. To name but a few of the new behavioural economic theories:i) Endowment effect: A hypothesis that people value a good or a service more once their property right to it has been established.Is there an example of that?: An experiment involved students and

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com1tag:blogger.com,1999:blog-9154404724757970802.post-85737992458456782392008-08-14T17:58:00.002+07:002008-08-14T18:00:45.290+07:00

Yes, and I thought the whole idea of minimum wage is no longer in trend.I was wrong.Research on minimum wage has been numerous in the past few decades, so much that I led myself to believe that it was no more room for any young, energetic researchers to put his energy on this topic. Personally, one of the most fascinating papers on Minimum wage was the 1992 paper by Card& Krueger*. However, the

Green Curryhttp://www.blogger.com/profile/04397350058496057288noreply@blogger.com3tag:blogger.com,1999:blog-9154404724757970802.post-35079587173939862142008-08-13T14:41:00.008+07:002008-08-13T22:08:17.100+07:00

Ever wonder why we lack a number of internationally renowned, highly-cited social scientists in Thailand? Why is it that we cannot compete with those working in the science sctor (especially those in the medical field) with regards to producing high quality, internationally publishable work? Here're some of my thoughts. It's not that we don't have good quality people. Take Yunyong Thaicharoen of

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com1tag:blogger.com,1999:blog-9154404724757970802.post-86162897570186464452008-07-24T16:24:00.008+07:002008-07-24T16:55:41.666+07:00

So this is it for me. Jobless. Well, for at least two months and a half anyway until I start my lectureship post at York university. And how do I feel? Well, quite good actually.But not so much...Most of the time, I'm just bored. Why? Well, first thing first, there's not much to do while you're in-between jobs. No income too (that's bad and somewhat predictable). But another thing that I didn't

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com0tag:blogger.com,1999:blog-9154404724757970802.post-17405432555028997892008-07-10T07:22:00.007+07:002008-07-11T10:05:07.038+07:00

I recently received a call from one of the largest telecommunication companies in the U.S. It went like this.Telemarketer: Hi, this is. . . calling from. . . How are you today?Me: Good. Thank you.Telemarketer: Glad to hear that. I have a few questions about your internet service. I am wondering whether you have a cable internet service at home.Me: Yes, I do.Telemarketer: Do you get your service

Pink Hippohttp://www.blogger.com/profile/07316438131612083274noreply@blogger.com1tag:blogger.com,1999:blog-9154404724757970802.post-89908049614108780842008-06-22T05:48:00.002+07:002008-06-22T05:49:42.760+07:00

One of the news that prevails in the media these days is the rise in oil price. I have lived in the U.S. for more than eleven years now, during which I have seen the gas price rising from just above $1 a gallon to currently about $4. One of the industries hardest hit by this increase is the airline industry, an industry known for its low profitability, or lack thereof. To remedy the situation,

Pink Hippohttp://www.blogger.com/profile/07316438131612083274noreply@blogger.com0tag:blogger.com,1999:blog-9154404724757970802.post-48045217255588427172008-06-14T13:42:00.005+07:002008-06-14T13:55:50.053+07:00

An article I wrote for Vox.org last October (http://www.voxeu.org/index.php?q=node/668)******Nattavudh Powdthavee, University of LondonAndrew Oswald, Warwick UniversityIn previous decades, economists were famous for ignoring everything they couldn’t measure; now they assign a monetary value to almost anything. Recent research on happiness provides a new approach to guide courts in setting

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com0tag:blogger.com,1999:blog-9154404724757970802.post-72344558782299021652008-05-22T14:42:00.004+07:002008-05-22T14:52:35.442+07:00

Ok, to follow the logic, given that normally you'd pay £50 for a Bob Dylan concert but it only costs £40 that night, you'd be saving £50-£40 = £10. So, if Eric Clapton is the only substitute that night, you wouldn't go and watch him if his ticket costs more than £10.In other words, the opportunity cost of going to see Eric Clapton is £10.......I guess the point I've been trying to make is that,

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com0tag:blogger.com,1999:blog-9154404724757970802.post-85586819104036430712008-05-13T18:41:00.010+07:002008-05-13T19:20:31.823+07:00

A simple question taken from a very interesting book by Bob H Frank for everyone; doesn't matter whether you're an economist or not.You've received a free promotional ticket to Eric Clapton concert which has no resale value. On the same night and at the same time, however, there is also a Bob Dylan concert. Bob Dylan is the only artist you'd ever consider going to listen to that night (apart from

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com1tag:blogger.com,1999:blog-9154404724757970802.post-71225056769424903212008-05-05T10:57:00.003+07:002008-05-05T11:14:43.301+07:00

In order not to turn this blog into a romantic discussion, here is a new interesting issue, albeit it still does not depart from the issue of relationship too far, at least in term of definition. The issue concerns a great legal question regarding the existance of geographic appellations: Is the term "lesbian" something that the residents of Lesbos, Greece have a legal entitlement to prevent

NamXhttp://www.blogger.com/profile/05654876409817490553noreply@blogger.com0tag:blogger.com,1999:blog-9154404724757970802.post-13436214961666223302008-05-02T16:16:00.002+07:002008-05-02T16:26:25.488+07:00

My apology for the unromantic title I give to such a romantic subject. In fact, during my writing here, I indeed plan to make an exploration on this topic and transform it to the least romantic analysis possible. Yes, soulmate is made. But to a large extent, soulmate is found. Man and women do not just sit and wait at home or go shopping to a ‘soulmate’ factory to have their soulmate

Green Curryhttp://www.blogger.com/profile/04397350058496057288noreply@blogger.com4tag:blogger.com,1999:blog-9154404724757970802.post-64311034136703093962008-05-02T03:18:00.002+07:002008-05-02T03:20:29.646+07:00

“Soulmate” is definitely a dreamy and romantic idea to most. Whether it is believable, however, depends on how it is defined. One of the popular definitions of the term ‘soulmate’ is that there’s one person out there that is destined for each and every one of us, i.e. there’s a Miss A out there for a Mr. B. Given this definition, I can say with much certainty that the odd that these two people

Pink Hippohttp://www.blogger.com/profile/07316438131612083274noreply@blogger.com2tag:blogger.com,1999:blog-9154404724757970802.post-1905517372405163732008-05-01T03:26:00.003+07:002008-05-01T03:31:35.389+07:00

When people visit me in Los Angeles, one of the attractions I take them to is Rodeo Drive, the center of all luxurious brand names in Beverly Hills. (For movie buffs, the street has been parodied in Shrek II, and it’s where Julia Roberts was refused service in Pretty Woman.) Few of my guests actually spend money there; most of them just walk around for spectacular window displays and, if

Pink Hippohttp://www.blogger.com/profile/07316438131612083274noreply@blogger.com3tag:blogger.com,1999:blog-9154404724757970802.post-54678453161917774662008-04-30T20:01:00.003+07:002008-04-30T20:12:21.251+07:00

Just to stay on a similar subject to the post I posted last week, I came across today a very interesting NBER paper by Matthias Doepke and Michèle Tertilt on "Women's liberation: What's in it for men?". Basically they argue that it was actually men who voted in favour for women's rights. So, if that was the case, why did men do that!?!Here's an excerpt from their innovative paper:"...from a man’

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com0tag:blogger.com,1999:blog-9154404724757970802.post-37394852925117093132008-04-22T16:25:00.003+07:002008-04-22T17:03:11.042+07:00

Are our behaviours the reflection mirror of our parents'? Does the causality only run one way (i.e. from parents to children)? Or can there be a reversed causality that runs from us to our parents?There are now two interesting studies on how having daughters can significantly affect parents' voting behaviours (one by Ebonya Washington - recently published in the American Economic Review) and

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com0tag:blogger.com,1999:blog-9154404724757970802.post-66148007317786362422008-04-08T23:35:00.003+07:002008-04-09T00:20:44.741+07:00

Would you be happier if you were richer?Now, if somebody had asked you that question most of you probably wouldn't even need more than a second to respond with an answer 'Well, Duh! Of course I'll be happier if I am richer!'Fair enough. How about would you be miserable if you were disabled?Again, what a stupid question.We have it fixed in our brains that winning lottery = happiness and becoming

Red currynoreply@blogger.com1tag:blogger.com,1999:blog-9154404724757970802.post-91568763363637845312008-03-31T22:04:00.005+07:002008-03-31T22:27:14.374+07:00

During my usual morning routine of newspaper reading and coffee sipping on the way to work, I came across an interesting article and it got me curious. Noeleen Heyzer, the UN Under-Secretary-General and Executive Secretary for UN-ESCAP put forward the point that “over these past decades, agriculture has been neglected” by policy makers in East Asia & the Pacific region. (Bangkok Post, March 28)

Green Curryhttp://www.blogger.com/profile/04397350058496057288noreply@blogger.com6tag:blogger.com,1999:blog-9154404724757970802.post-16434221935852121112008-03-27T10:10:00.004+07:002008-03-27T10:15:31.988+07:00

In order not to get into a hot debate on the newly decided US Supreme Court case on Medellin regarding a long dispute in US’s violation to provide consular access to foreigners and a relationship between domestic court and ICJ (lots of discussion can be found on http://www.opiniojuris.org/), I have found something of interesting and, of course, less controversial.In 1985, Kurt Parrott, a 15-year

NamXhttp://www.blogger.com/profile/05654876409817490553noreply@blogger.com2tag:blogger.com,1999:blog-9154404724757970802.post-81020021144427133412008-03-18T03:23:00.001+07:002008-03-18T03:27:06.142+07:00

The first time I met Dan Ariely was about half a year ago at Harvard when both of us were attending ‘Happiness, Adaptation, and Prediction’ conference together. I had absolutely no idea who he was or what he does. All I knew was that he had a very visible scar on his face, which, I later learned, came from a horrible magnesium flare accident when he was still a young student in Israel.He was very

Nattavudh Powdthaveehttp://www.blogger.com/profile/03630450711862562639noreply@blogger.com3