Campus Units

Economics

Document Type

Book Chapter

Publication Version

Published Version

Publication Date

1991

Journal or Book Title

Survey of Social Science: Economics

Volume

2

Editors

Frank N. Magill

Publisher

Salem Press

Place of Publication

Pasadena, California

First Page or Article ID Number

754

Last Page

761

Abstract

"Experimental economics" is a general term for the experimental laboratory approach to studying economic institutions. Most applied economists study economic institutions by observing the way in which they operate in the naturally occurring environment and by measuring such economic variables as the prices of good sand services, the quantities of goods and services that are bought and sold, the wages that are paid to workers, and the quantities of inputs and outputs in the production of goods and services.

Comments

This is a chapter from Survey of Social Sceience, Magill, F.N., (ed) 2 (1991); 754-761. Posted with permission.

Copyright Owner

Salem Press, Inc.

Language

en

File Format

application/pdf

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