Behavioral economics uses variants of traditional economic assumptions, often with a psychological motivation, to explain and predict behavior, and to provide policy prescriptions. Experimental economics tests economic theory predictions with human subjects in a laboratory setting and can be used to design better policies.

Faculty

Selected Publications

Li, Z., P. Liu, and S. Swallow (2022) The Performance of Multi-Type Environmental Credit Trading Markets: Lab Experiment Evidence. Journal of Environmental Economics and Management.

Liu, P. and S. Swallow (2021) Incentive Compatibility and the Consequences when it is Missing: Experiments with Water Quality Credits Purchase. Land Economics.

Liu, P. (2021) Balancing Cost-Effectiveness and Incentive Properties in Conservation Auctions: Experimental Evidence from Three Multi-Award Reverse Auction Mechanisms. Environmental and Resource Economics.

Wakamatsu, M., C.M. Anderson, and H. Uchida (2021) Revenue sharing and social capital in community-based resource management: Empirical evidence from Japanese surf-clam fisheries. Land Economics 97(2): 455-475

Liu, P. and S. Swallow (2019) Multi-Units Public Good Provision Using Individualized Price Auction: Experimental Evidences.  Journal of the Association of Environmental and Resource Economists 

Brozyna, C., T. Guilfoos, and S. Atlas (2018) Slow and deliberate cooperation in the commons. Nature Sustainability 1(4): 184-189.

An, Y., Y. Hu, and P. Liu (2018) Estimating Private Provision of Public Goods with Heterogeneous Participants: A Structural Analysis.  Journal of Economic Behavior & Organization 152: 124-146.

Sproul, T. W., and C.P. Michaud (2017) Heterogeneity in loss aversion: evidence from field elicitations. Agricultural Finance Review

Anderson, C.M. and H. Uchida (2014) An experimental examination of fisheries with concurrent common pool and individual quota management. Economic Inquiry 52(2): 900-913