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Experimental Methods in Agricultural and Resource Economics: How Useful are They?

Published online by Cambridge University Press:  15 September 2016

Ann Fisher ,
William J. Wheeler  and
Rami Zwick
Ann Fisher
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania State University
William J. Wheeler
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania State University
Rami Zwick
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania State University
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Abstract

Experimental economics has the potential to fill some of the gaps in the economist's tool kit. This article describes experimental economics, its advantages and disadvantages, and why this tool might be a good choice in some situations. The article summarizes the history of its use by agricultural and resource economists. An illustrative example compares laboratory experiment data with survey data.

Type
Invited Presentation
Information
Agricultural and Resource Economics Review , Volume 22 , Issue 2 , October 1993 , pp. 103 - 116
Copyright
Copyright © 1993 Northeastern Agricultural and Resource Economics Association 

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