Description
Book SynopsisThis book explores frontier work at the intersection of experimental and environmental economics, with cutting edge research provided by premier scholars in the field.
The book begins by focusing on improving benefit-cost analysis, which remains the hallmark of public policy decision-making around the globe. The contributors provide innovative avenues to credibly lead to more efficient policies. These insights should prove to be fundamental components of the valuation process. They then explore, in myriad clever ways, important aspects associated with optimal resource use and regulation of resources. Clearly these issues remain of utmost importance, both in a positive and normative sense, therefore the authors offer a good introduction to some of these issues and present logical solutions. A discussion of behavioural economics and non-market valuation is also provided.
Students and policymakers will find Using Experimental Methods in Environmental and Resource Economics of great interest.
Trade Review'John List and his collaborators have married experimental economics on the one hand with environmental and resource economics on the other. It's a happy marriage, indeed, and scholars from either camp will benefit from a careful reading of these most interesting papers.' -- Paul R. Portney, University of Arizona, US
'John List is a distinguished contributor to the use of laboratory and field experimental methods to better understand economic markets and resource problems generally. This is a fine and most welcome collection focusing on environmental and resource issues.' -- Vernon L. Smith, George Mason University, US
Table of ContentsContents: Introduction 1. Anchoring and Yea-saying with Private Goods: An Experiment Ian Bateman, Alistair Munro, Bruce Rhodes, Chris V. Starmer and Robert Sugden 2. Market Price Endogeneity and Accuracy of Value Elicitation Mechanisms Jayson L. Lusk and Matthew Rousu 3. Hypothetical Bias Over Uncertain Outcomes Glenn W. Harrison 4. The Use of a Real-Money Experiment in a Stated-Preference Survey John Horowitz 5. Mechanisms for Addressing Third-Party Impacts Resulting From Voluntary Water Transfers James J. Murphy, Ariel Dinar, Richard E. Howitt, Erin Mastrangelo, Stephen J. Rassenti and Vernon L. Smith 6. Peer Enforcement in CPR Experiments: The Relative Effectiveness of Sanctions and Transfer Rewards, and the Role of Behavioral Types Daan van Soest and Jana Vyrastekova 7. Experimental Approaches to Understanding Inter-cultural Conflict Over Resources Paul J. Ferraro and Ronald G. Cummings 8. Behavioural Economics and the Valuation of Non-marketed Goods and Services: The Lab, the Behavioral Anomalies and the Policymaker Wiktor Adamowicz, Jonathan E. Alevy and John A. List Index
