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Experiments in Environment and Development

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  • Juan Camilo Cárdenas

    (Facultad de Economía, CEDE, Universidad de los Andes, Bogota, Colombia)

Abstract

Many of the main scientific challenges in the fields of development, environment, and resource economics have a microeconomic foundation wherein behavioral elements play a significant role. Preferences with respect to risk, time, societal others, and the environment shape the decision-making processes of individuals. Economic experiments have been extensively carried out in the lab and in the field to test the predictions of behavioral theories; some have had a particular focus on development and environmental issues. Random interventions have also proven to be an important source of information with respect to experimentation in development and policy design. This article identifies the contributions of experiments and random interventions and reflects on the value of having a productive dialogue—in connection with said experiments—with the main stakeholders regarding the problems being studied.

Suggested Citation

  • Juan Camilo Cárdenas, 2009. "Experiments in Environment and Development," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 157-182, September.
  • Handle: RePEc:anr:reseco:v:1:y:2009:p:157-182
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    More about this item

    Keywords

    field experiments; development economics; environmental economics; resource economics;
    All these keywords.

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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