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Laboratory Experiments For Economic Policy Making

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  • Hans-Theo Normann
  • Roberto Ricciuti

Abstract

In this paper, we assess the scope and the specific contribution of laboratory experiments for economic policy making. We review experiments which have addressed a specific problem, institution, mechanism design or tool relevant in economic policy. We have two research questions. What type of policy questions can be addressed in the laboratory? And what is the specific value added of economic experiments for policy making. The survey contains experiments on competition policy, auctions, regulated markets, and emission permits. Copyright � 2009 The Authors. Journal compilation � 2009 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Economic Surveys.

Volume (Year): 23 (2009)
Issue (Month): 3 (07)
Pages: 407-432

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Handle: RePEc:bla:jecsur:v:23:y:2009:i:3:p:407-432

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References

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Cited by:
  1. Vossler, Christian A. & Suter, Jordan F. & Poe, Gregory L., 2013. "Experimental evidence on dynamic pollution tax policies," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 101-115.
  2. Riedl, Arno & van Winden, Frans, 2012. "Input versus output taxation in an experimental international economy," European Economic Review, Elsevier, vol. 56(2), pages 216-232.
  3. Anthony M. Kwasnica & Katerina Sherstyuk, 2013. "Multi-Unit Auctions," Working Papers 201301, University of Hawaii at Manoa, Department of Economics.
  4. Krämer, Jan & Vogelsang, Ingo, 2012. "Co-investments and tacit collusion in regulated network industries: Experimental evidence," 23rd European Regional ITS Conference, Vienna 2012 60389, International Telecommunications Society (ITS).

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