LABORATORY EXPERIMENTS FOR ECONOMIC POLICY MAKING

Hans-Theo Normann () and Roberto Ricciuti ()

Journal of Economic Surveys, 2009, vol. 23, issue 3, pages 407-432

Abstract: In this paper, we assess the scope and the specific contribution of laboratory experiments for economic policy making. We review experiments which have addressed a specific problem, institution, mechanism design or tool relevant in economic policy. We have two research questions. What type of policy questions can be addressed in the laboratory? And what is the specific value added of economic experiments for policy making. The survey contains experiments on competition policy, auctions, regulated markets, and emission permits. Copyright © 2009 The Authors. Journal compilation © 2009 Blackwell Publishing Ltd.

Date: 2009

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