(Monday, 18th May 2009)
In the last decade field and natural experiments have been the benchmark for empirical research. In this workshop we will see how field and natural experiments have been used to test the causal effects of institutions. To illustrate the main issues we will focus on the test of the deterrence hypothesis, the main behavioral hypothesis at the basis of law and economics research.
Bibliographical references :
Uri Gneezy and Aldo Rustichini. “A Fine Is a Price”. Journal of Legal Studies, January 2000, Vol. 29, No. 1: pp. 1-17
Francesco Drago, Roberto Galbiati and Pietro Vertova "The Deterrent Effects of Prison Evidence from a Natural Experiment". Journal of Political Economy 2009, 117(2), pp. 257-280
Esther Duflo, Rachel Glennerster and Michael Kremer. Using Randomization in Development Economics Research: A Toolkit. in T. Paul Schults, and John Strauss (eds.) Handbook of Development Economics, Elsevier Science Ltd.: North Holland, 2007 Vol. 4, pp. 3895-62
Daron Acemoglu, James A. Robinson and Simon Johnson “The Colonial Origins of Comparative Development: An Empirical Investigation” American Economic Review, 91, pp. 1369-1401.