Forskningsartikel2015Vetenskapligt granskad
What can economic experiments tell us about institutional change in social-ecological systems?
Rommel, J
Sammanfattning
Today, economic experiments are well accepted in mainstream economics. They are also widely applied in ecological economics, often focusing on institutions. Yet, many empirical studies in this field lack a sound theoretical foundation of institutions and institutional change. In this paper, I show that in a structure-agency framework three theoretical viewpoints on institutions can be distinguished. They can be viewed as (1) structures that shape incentives, (2) cognitive media, embedded in beliefs and cognition of agents, or (3) evolving from a process of agents' choices and structural aspects. Using examples from the empirical experimental literature, I argue that all three viewpoints are mirrored in experimental practice, and that these can be organized into an institutional typology of economic experiments. Placing special emphasis on experiments with endogenous institutional choice and their relationship to evolutionary economic theory, I discuss under which conditions experiments are a useful method for the analysis of social-ecological systems, concluding that methodological and methodical innovations are an important prerequisite for challenging the dominant paradigm of neoclassical economics. (C) 2014 Elsevier Ltd. All rights reserved.
Nyckelord
Evolutionary economics; Experimental economics; Institutional change; Methodology; Social-ecological systems
Publicerad i
Environmental Science and Policy
2015, Volym: 53, sidor: 96-104
UKÄ forskningsämne
Nationalekonomi
Publikationens identifierare
DOI: https://doi.org/10.1016/j.envsci.2014.05.006
Permanent länk till denna sida (URI)
https://res.slu.se/id/publ/95702