Item

Economic experiments and environmental policy

Noussair,C.N.
; 
van Soest,D.P.
Abstract
We summarize and review the literature on two types of economic experiments. First, we explore the consequences for environmental policies of the vast body of literature refuting the assumption that humans are concerned only with their own private welfare. We review the literature addressing whether government intervention is always necessary to protect the environment and whether it is always effective in doing so. Second, we discuss the use of experimental laboratories to testbed market solutions to issues in environmental policy. We concentrate on experiments with one- and two-sided markets and on applications in the domains of water allocation and tradable permit systems.
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Date
2014-10
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Tilburg University Research Output Collection
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Keywords
SDG 6 - Clean Water and Sanitation
Citation
Noussair, C N & van Soest, D P 2014, 'Economic experiments and environmental policy', Annual Review of Resource Economics, vol. 6, pp. 319-337. https://doi.org/10.1146/annurev-resource-091912-151833
URI
https://hdl.handle.net/20.500.14602/59893
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