Capra, C. Mónica; Tanaka, Tomomi; Camerer, ColinF.; … - In: Economic Journal 119 (2009) 539, pp. 977-1009
We introduce an experimental approach to study the effect of institutions on economic growth. In each period, agents produce and trade output in a market, and allocate it to consumption and investment. Productivity is higher if total capital stock is above a threshold. The threshold externality...