Experimental Tests of Ricardian Equivalence
AbstractThis study employs laboratory experiments to test aspects of Ricardian equivalence. An overlapping generations model forms the basis of the experimental design. Whenever Ricardian equivalence predicts a positive bequest, outcomes close to those predicted occur, after allowance for learning. Observed deviations from Ricardian equilibrium are small, but biased in a Keynesian direction: changes in bequests do not fully offset changes in government debt. The imposition of a binding nonnegativity constraint on bequests produces the predicted neoclassical behavior. The cost to the players of deviations from the theoretical equilibrium is apparently an important determinant of the variability of observed deviations. Copyright 1991 by Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 29 (1991)
Issue (Month): 4 (October)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://ei.oupjournals.org/
More information through EDIRC
Other versions of this item:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- repec:egr:ejge00:v:1:i:1:p:106-125 is not listed on IDEAS
- Roberto Ricciuti, 2005.
"Bringing Macroeconomics into the Lab,"
Labsi Experimental Economics Laboratory University of Siena
004, University of Siena.
- Roberto Ricciuti, 2003. "Bringing Macroeconomics into the Lab," Royal Holloway, University of London: Discussion Papers in Economics 03/9, Department of Economics, Royal Holloway University of London, revised Dec 2003.
- Roberto Ricciuti, 2004. "Bringing Macroeconomics into the Lab," ICER Working Papers 26-2004, ICER - International Centre for Economic Research.
- Bolton, G. & Katok, E., 1995.
"An Experimental Test of the Crowding Out Hypothesis: The Nature of Beneficient Behavior,"
UFAE and IAE Working Papers
295.95, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Bolton, Gary E. & Katok, Elena, 1998. "An experimental test of the crowding out hypothesis: The nature of beneficent behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 37(3), pages 315-331, November.
- Artidiatun Adji & James Alm & Paul J. Ferraro, 2009. "Experimental tests of Ricardian equivalence with distortionary versus nondistortionary taxes," Economics Bulletin, AccessEcon, vol. 29(4), pages 2556-2572.
- Offerman, T.J.S. & Potters, J.J.M. & Verbon, H.A.A., 2001.
"Cooperation in an overlapping generations experiment,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-86814, Tilburg University.
- Offerman, Theo & Potters, Jan & Verbon, Harrie A. A., 2001. "Cooperation in an Overlapping Generations Experiment," Games and Economic Behavior, Elsevier, vol. 36(2), pages 264-275, August.
- Theo Offerman & Jan PottersHarry A.A. Verbon & Harry A.A. Verbon, 1999. "Cooperation in an Overlapping Generations Experiment," Tinbergen Institute Discussion Papers 99-019/1, Tinbergen Institute.
- Leif Helland & Jon Hovi & Lars Monkerud, 2012. "Can exit prizes induce lame ducks to shirk less? Experimental evidence," European Journal of Government and Economics, Europa Grande, vol. 1(2), pages 106-125, December.
- John Duffy, 2008. "Macroeconomics: A Survey of Laboratory Research," Working Papers 334, University of Pittsburgh, Department of Economics, revised Jun 2014.
- repec:ebl:ecbull:v:8:y:2003:i:11:p:1-11 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.