A Research Agenda for New Institutional Economics
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A Research Agenda for New Institutional Economics

Edited by Claude Ménard and Mary M. Shirley

Consisting of 30 concise chapters written by top scholars, this Research Agenda probes the knowledge frontiers of issues long at the forefront of New Institutional Economics (NIE), including government, contracts and property rights. It examines pressing research questions surrounding norms, culture, and beliefs. It is designed to inform and inspire students and those starting their careers in economics, law and political science. Well-established scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.
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Chapter 29: How do experiments inform collective action research?

Maroš Servátka

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.

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