Testing Behavioral Public Economics Theories in the Laboratory
Abstract"Behavioral economics", or the application of methods and evidence from other social sciences to economics, has increased greatly in significance in the last two decades. An important method by which many of its predictions have been tested has been via laboratory experiments. In this paper I survey and assess experimental tests of various applications of behavioral economics to the specific area of public economics, or "behavioral public economics". I discuss the basic elements of behavioral economics, the methodology of experimental economics, applications of experimental methods to behavioral public economics, and topics in which future applications should prove useful.
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Bibliographic InfoPaper provided by Tulane University, Department of Economics in its series Working Papers with number 1102.
Length: 30 pages
Date of creation: Apr 2011
Date of revision:
experimental methods; behavioral economics;
Find related papers by JEL classification:
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
- H0 - Public Economics - - General
- H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
- NEP-CBE-2011-04-23 (Cognitive & Behavioural Economics)
- NEP-EVO-2011-04-23 (Evolutionary Economics)
- NEP-EXP-2011-04-23 (Experimental Economics)
- NEP-HPE-2011-04-23 (History & Philosophy of Economics)
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