Working Paper: NBER ID: w19289
Authors: John A. List; Michael K. Price
Abstract: This study showcases the usefulness of field experiments to the study of environmental and resource economics. Our focus pertains to work related to field experiments in the area of 'behavioral' environmental and resource economics. Within this rubric, we discuss research in two areas: those that inform i) benefit cost analysis and ii) conservation of resources. Within each realm, we show how field experiments have been able to test the relevant theories, provide important parameters to construct new theories, and guide policymakers. We conclude with thoughts on how field experiments can be used to deepen our understanding of important areas within environmental and resource economics.
Keywords: Field Experiments; Environmental Economics; Resource Economics; Behavioral Economics; Policy Analysis
JEL Codes: C9; C93; Q5
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| experienced subjects (C90) | less WTA-WTP disparity (D69) |
| inexperienced subjects (C90) | more WTA-WTP disparity (F16) |
| normative appeals and social comparisons (C92) | reductions in energy use (Q41) |
| dynamic pricing strategies (D49) | reductions in energy consumption during peak hours (L97) |
| dynamic pricing strategies (D49) | increase in usage during non-peak periods (L97) |