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A review is given of the use of laboratory experiments in the Public Choice literature. A distinction is made in experiments on public goods, participation games, rent-seeking and lobbying, and spatial voting.
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We theoretically and experimentally study voter behavior in a setting characterized by plurality rule and mandatory voting, where voters choose from three options. We are interested in the occurrence of strategic voting in an environment where Condorcet cycles may occur. In particular, we focus...
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Contract audits aimed at reducing information asymmetry and transaction costs are frequently used in imperfect markets such as defense procurement. This contradicts predictions from standard economic theory. We conduct a laboratory experiment to investigate this paradox. Our laboratory setup...
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Contents: Introduction / Arthur Schram and Aljaž Ule -- Part I: Methods of experimental economics -- 1. Incentives / James C. Cox and Vjollca Sadiraj -- 2. Deception / Andreas Ortmann -- 3. Preference measurement and manipulation in experimental economics / Hande Erkut and Ernesto Reuben -- 4....
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Contract audits aimed at reducing information asymmetry and transaction costs are frequently used in imperfect markets such as defense procurement. This contradicts predictions from standard economic theory. We conduct a laboratory experiment to investigate this paradox. Our laboratory setup...
Persistent link: https://www.econbiz.de/10013130182