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Experimental Economics: Contributions, Recent Developments, and New Challenges

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Author Info
Marie-Claire Villeval (GATE - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - Ecole Normale Supérieure Lettres et Sciences Humaines)

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Abstract

Although economics has long been considered as a non-experimental science, the development of experimental economics and behavioral economics is amazingly rapid and affects most fields of research. This paper first attempts at defining the main contributions of experiments to economics. It also identifies four main trends in the development of experimental research in economics. The third contribution of this paper is to identify the major theoretical and methodological challenges faced by behavioral and experimental economics.

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Publisher Info
Paper provided by HAL in its series Post-Print with number halshs-00142464_v1.

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Date of creation: Mar 2007
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Handle: RePEc:hal:journl:halshs-00142464_v1

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00142464/en/
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Related research
Keywords: behavioral economy ; Experimental economics ; field experiment ; quantitative methods;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70, pages 322. [Downloadable!] (restricted)
    Other versions:
  2. Kirchsteiger, G. & Rigotti, L. & Rustichini, A., 2000. "Your morals are your moods," Discussion Paper 122, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  3. Aragones, Enriqueta & Palfrey, Thomas R., 2003. "Spatial Competition Between Two Candidates of Different Quality: The Effects of Candidate Ideology and Private Information," Working Papers 1169, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
    Other versions:
  4. Daniel Houser & Thomas Stratmann, 2006. "Selling Favors in the Lab: Experiments on Campaign Finance Reform," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  5. David K. Levine & Thomas R. Palfrey, 2006. "The Paradox of Voter Participation? A Laboratory Study," Levine's Bibliography 321307000000000188, UCLA Department of Economics. [Downloadable!]
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This page was last updated on 2009-12-22.

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