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EXPERIMENTAL LAW AND ECONOMICS

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RESEARCH IN EXPERIMENTAL ECONOMICS

Series Editors: R. Mark Isaac and Douglas A. Norton

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RESEARCH IN EXPERIMENTAL ECONOMICS - VOLUME 21

EXPERIMENTAL LAW AND ECONOMICS

EDITED BY

R. MARK ISAAC

Florida State University, USA

and

CARL KITCHENS

Florida State University, USA

Series Editors

R. MARK ISAAC

Florida State University, USA

and

DOUGLAS A. NORTON

Florida State University, USA

United Kingdom – North America – Japan – India – Malaysia – China

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First edition 2022

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-83867-538-7 (Print)

ISBN: 978-1-83867-537-0 (Online)

ISBN: 978-1-83867-539-4 (Epub)

ISSN: 0193-2306 (Series)

Contents

About the Editors

R. Mark Isaac is the John and Hallie Quinn Eminent Scholar and Professor of Economics at Florida State University in Tallahassee, FL, USA. His Doctoral degree is from the California Institute of Technology. He has published numerous journal articles and book chapters on the economics of law, regulation, antitrust, and property rights, including papers in the Bell/Rand Journal, the Journal of Law and Economics, the Journal of Political Economy, the Journal of Regulatory Economics, Research in Experimental Economics, the Journal of Urban Economics, and the Journal of Environmental Economics and Management. Many, but not all, of these papers use laboratory experimental methods. He is the co-author with Charles Plott and David Grether of the “underground classic” book The Allocation of Scarce Resources: Experimental Economics and the Problem of Allocating Airport Slots.

Carl Kitchens is the Bernard Sliger Scholar and Associate Professor of Economics at Florida State University in Tallahassee, FL, USA. His doctoral degree is from the University of Arizona. He has published numerous journal articles, encyclopedia chapters, and book reviews on topics in economic history, place-based policy, and property rights. These papers have appeared in outlets including The Review of Economics and Statistics, The Journal of Economic History, Explorations in Economic History, Experimental Economics, and the Journal of Urban Economics, among others. Many of these and other papers combine methodologies from applied microeconomics and experimental economics.

About the Contributors

Mark Van Boening is a Professor of Economics at the University of Mississippi, USA.

Gregory DeAngelo is with the Department of Economic Sciences, School of Social Science, Policy, and Evaluation, Claremont, CA, USA.

Mark DeSantis is an Associate Professor of Finance at Chapman University in the United States. He received a PhD in Mathematics from the University of Pittsburgh. His main areas of research are market design and the informational efficiency of markets. He has published research articles in the Journal of Finance, Experimental Economics, the Journal of Econometrics and the SIAM Journal on Applied Dynamical Systems, among others.

Blake Dunkle is a Student in the College of Law at the University of Nebraska in Lincoln, NE, USA. He earned the Bachelor of Science degree in Economics from Florida State University in 2017. Before joining the University of Nebraska, he was affiliated with Caldwell and Kerr Advertising in Cape Coral, FL.

Michael D. Makowsky is with John E. Walker Department of Economics, Clemson University.

Bryan McCannon is with the Department of Economics, College of Business and Economics, Morgantown, WV, USA.

Matthew McCarter was an Associate Professor of Management at University of Texas at San Antonio in the United States. He held a PhD in Business Administration from the University of Illinois at Urbana–Champaign. His research focused on social dilemmas, cooperation, and conflict. He published 30 scholarly articles, which appeared in outlets, such as Academy of Management Review, Organizational Behavior and Human Decision Processes, and Journal of Operations Management.

Javier E. Portillo is an Assistant Professor of Economics in the B.I. Moody III College of Business Administration at the University of Louisiana at Lafayette, USA. His research uses experimental and econometric methods to investigate topics in public and urban economics.

Alexandros Vasios Sivvopoulos is an Assistant Professor of Economics at the Department of Business, Davis & Elkins College, Elkins, WV, USA.

Philip Solimine is a PhD Candidate and Charles and Persis Rockwood Fellow in the Department of Economics at Florida State University in Tallahassee, FL, USA. He is also a Graduate Student in the Department of Scientific Computing at FSU and a Fellow of the L. Charles Hilton Center. Previously at FSU, he earned the Bachelor of Arts degree in Mathematics and the Bachelor of Science degree in Economics in 2016, and the Master of Science degree in Economics in 2018. His work involves the development of theoretical and computational methods for the study of complex networks, and applications of these methods to the study of social and neural systems. In particular, he uses network science methodology and structural econometric modeling to connect theory with experimental and empirical data.

Abel Winn is an Associate Professor of Economics at Chapman University in the United States. He received a PhD in Economics from George Mason University. His research primarily covers auction mechanisms and land assembly. His research has appeared in outlets such as the American Economic Review, the Proceedings of the National Academy of Sciences, and the Journal of Urban Economics.