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Journal of Economic Perspectives: Vol. 3 No. 1 (Winter 1989)

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Theory, Experiment and Economics

Article Citation

Smith, Vernon L. 1989. "Theory, Experiment and Economics." Journal of Economic Perspectives, 3(1): 151-169.

DOI: 10.1257/jep.3.1.151

Abstract

It is now over thirty years since research was initiated in the laboratory experimental study of market behavior and performance. This essay provides my interpretation of what the implications of this type of work are for the study of economics.

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Authors

Smith, Vernon L. (Unlisted)

JEL Classifications

215: Experimental Economic Methods

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