Experimental Law and Economics

Research in Experimental Economics focuses on experimental and empirical investigations into the economic effects of the law and how economic theories can explain the behavior of individuals within a legal system. This volume explores institutional change, replication, and robustness studies, contributing to three key areas: mechanisms to facilitate the assembly of property rights, legal procedure, and replicating classic market experiments.

Format: Hardback
Length: 232 pages
Publication date: 28 February 2022
Publisher: Emerald Publishing Limited

Experiments, law, and economics are three fundamental pillars of human intellectual exploration, each encompassing vast realms of knowledge. When these three words are combined as Experimental Law and Economics, they reveal a rich and diverse field of inquiry that has evolved over the past half-century. This 21st volume of Research in Experimental Economics specifically delves into experimental and empirical investigations into the multifaceted effects of law on economics and the ways in which economic theories can shed light on individual behavior within a legal framework.

The papers presented in this volume embrace two enduring traditions. Firstly, the tradition of experimental methodology, which enables the testing of alternative institutional arrangements to assess their potential impacts. Secondly, a subset of the papers in this volume, in addition to examining institutional change, also adhere to the tradition of replication and robustness studies in experimental economics.

Through the exploration of mechanisms that facilitate the assembly of property rights, the examination of legal procedures, and the replication of classic market experiments using more recent experimental methods, each of these papers contributes to one of the broader areas within experimental law and economics. By summarizing the mechanisms that shape property rights, delving into legal processes, and replicating market experiments to understand the effects of different market rules on market outcomes, these papers offer valuable insights into the complex interplay between law and economics.

In conclusion, Experimental Law and Economics represents a vibrant and dynamic field of study that continues to evolve and expand. By embracing experimental methodologies, exploring institutional change, and replicating classic market experiments, this volume contributes to our understanding of the intricate relationships between law and economics, paving the way for further research and innovation in this important area.

Weight: 460g
Dimension: 175 x 237 x 19 (mm)
ISBN-13: 9781838675387