The 'materials' of experimental economics: technological versus behavioral experiments
In the natural sciences there is a general consensus on the epistemic value conferred by the participation of the 'material world' in the experimental process of knowledge production. This is no different in experimental economics. However, an inquiry into the epistemic role of the 'materials' of economics is still underdeveloped. The present paper is meant as a contribution to this inquiry. Two categories of experiments are identified according to the differentiated role of the 'materials' of economics. It is argued that the crucial 'material' of technological experiments is the market institution that is tailored in the laboratory to accomplish specific purposes. The crucial 'material' of behavioral experiments is instead the participation of the experimental subjects in the production of knowledge of individual and collective behavior. FCC spectrum auctions and ultimatum game experiments illustrate technological and behavioral experiments, respectively. General policy implications are also drawn from each kind of experiment.
Volume (Year): 14 (2007)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RJEC20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RJEC20|
When requesting a correction, please mention this item's handle: RePEc:taf:jecmet:v:14:y:2007:i:3:p:311-337. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.