The ‘materials’ of experimental economics: technological versus behavioural experiments
Autor(a) principal: | |
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Data de Publicação: | 2006 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/509 |
Resumo: | In the natural sciences there is a general consensus on the epistemic value conferred to by the participation of the ‘material world’ in the experimental process of Knowledge production. This is no different in experimental economics. However, an inquiry into the epistemic role of the ‘materials’ of economics is still incipient. The present paper is meant as a contribution to this inquiry. Two categories of experiments are identified according to the differentiated role of the ‘materials’ of economics. Technological experiments produce knowledge of how to design market institutions for specific purposes. The crucial ‘material’ of these experiments is the institution that organizes the interactions of the experimental participants. Behavioral experiments produce knowledge of individual behavior in varied decision contexts. The crucial ‘material’ of these experiments is the agency of the experimental participants. FCC spectrum auctions and ultimatum game experiments illustrate technological and behavioral experiments, respectively. General policy implications are also drawn for each kind of experiment. |
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The ‘materials’ of experimental economics: technological versus behavioural experimentsExperimental economicsIncentive compatible mechanismsInstitutionsAuction experimentsUltimatum game experimentsIn the natural sciences there is a general consensus on the epistemic value conferred to by the participation of the ‘material world’ in the experimental process of Knowledge production. This is no different in experimental economics. However, an inquiry into the epistemic role of the ‘materials’ of economics is still incipient. The present paper is meant as a contribution to this inquiry. Two categories of experiments are identified according to the differentiated role of the ‘materials’ of economics. Technological experiments produce knowledge of how to design market institutions for specific purposes. The crucial ‘material’ of these experiments is the institution that organizes the interactions of the experimental participants. Behavioral experiments produce knowledge of individual behavior in varied decision contexts. The crucial ‘material’ of these experiments is the agency of the experimental participants. FCC spectrum auctions and ultimatum game experiments illustrate technological and behavioral experiments, respectively. General policy implications are also drawn for each kind of experiment.Dinâmia2007-07-18T14:21:31Z2006-01-01T00:00:00Z2006info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/509engSantos, A. C.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:37:11Zoai:repositorio.iscte-iul.pt:10071/509Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:16:57.174394Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The ‘materials’ of experimental economics: technological versus behavioural experiments |
title |
The ‘materials’ of experimental economics: technological versus behavioural experiments |
spellingShingle |
The ‘materials’ of experimental economics: technological versus behavioural experiments Santos, A. C. Experimental economics Incentive compatible mechanisms Institutions Auction experiments Ultimatum game experiments |
title_short |
The ‘materials’ of experimental economics: technological versus behavioural experiments |
title_full |
The ‘materials’ of experimental economics: technological versus behavioural experiments |
title_fullStr |
The ‘materials’ of experimental economics: technological versus behavioural experiments |
title_full_unstemmed |
The ‘materials’ of experimental economics: technological versus behavioural experiments |
title_sort |
The ‘materials’ of experimental economics: technological versus behavioural experiments |
author |
Santos, A. C. |
author_facet |
Santos, A. C. |
author_role |
author |
dc.contributor.author.fl_str_mv |
Santos, A. C. |
dc.subject.por.fl_str_mv |
Experimental economics Incentive compatible mechanisms Institutions Auction experiments Ultimatum game experiments |
topic |
Experimental economics Incentive compatible mechanisms Institutions Auction experiments Ultimatum game experiments |
description |
In the natural sciences there is a general consensus on the epistemic value conferred to by the participation of the ‘material world’ in the experimental process of Knowledge production. This is no different in experimental economics. However, an inquiry into the epistemic role of the ‘materials’ of economics is still incipient. The present paper is meant as a contribution to this inquiry. Two categories of experiments are identified according to the differentiated role of the ‘materials’ of economics. Technological experiments produce knowledge of how to design market institutions for specific purposes. The crucial ‘material’ of these experiments is the institution that organizes the interactions of the experimental participants. Behavioral experiments produce knowledge of individual behavior in varied decision contexts. The crucial ‘material’ of these experiments is the agency of the experimental participants. FCC spectrum auctions and ultimatum game experiments illustrate technological and behavioral experiments, respectively. General policy implications are also drawn for each kind of experiment. |
publishDate |
2006 |
dc.date.none.fl_str_mv |
2006-01-01T00:00:00Z 2006 2007-07-18T14:21:31Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/509 |
url |
http://hdl.handle.net/10071/509 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
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application/pdf |
dc.publisher.none.fl_str_mv |
Dinâmia |
publisher.none.fl_str_mv |
Dinâmia |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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