How do experiments inform collective action research?

Maroš Servátka
Authors registered in the RePEc Author Service: Maroš Servátka

Chapter 29 in A Research Agenda for New Institutional Economics, 2018, pp 260-268 from Edward Elgar Publishing

Abstract: In the context of collective action research, this chapter discusses how experiments inform us about human behavior in a way that field data do not. Experiments allow researchers to directly compare institutions that promote cooperation, analyze their welfare properties, and assess their causal impact on observed behavior by creating counterfactuals, while keeping the underlying environment constant. Experiments are a great tool for test-bedding new economic institutions designed to alleviate inefficiencies, identifying vital components of social and economic exchange that promote cooperation, and studying factors that influence the strength and prevalence of these individual components.

Keywords: Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2018
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