Over the past 30 years, experimental economics has grown as a specialization and is now viewed as an appropriate methodology with which to study economics questions. This methodology has been applied to law and economics as well. This article reviews three streams of research in experimental law and economics: the Coase Theorem, Legal Institutions, and the Foundations of Law. The hope is to provide some examples of how experimental research can inform law and economics and to highlight avenues for future research.
|Original language||English (US)|
|Number of pages||20|
|Journal||Annual Review of Law and Social Science|
|State||Published - Dec 1 2009|
- Human subject
- Legal nstitutions
- Pretrial bargaining