Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Experimental Law and Economics

  • Sven HoeppnerEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_172

Abstract

Experimental law and economics is the newest methodological development in law and economics research. Yet a lot of researchers – old and young – are not familiar with the foundations of the method. This may lead to skepticism. In this entry, I elaborate on the purpose of experiments and introduce building blocks of the method that tend to distinguish experimental law and economics from experimental methods in other disciplines. Moreover, I shortly discuss concerns about the external validity of the results obtained in a laboratory experiment. Finally, I introduce and invalidate the most common criticisms against experiments that most often advanced by scholars unfamiliar with the method and the discipline. As knowledge about the method's foundations is further spread, experimental law and economics will substantially contribute advancing the research frontier of the economic theory of law.

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Center for Advanced Studies in Law and Economics (CASLE)Ghent University Law SchoolGhentBelgium
  2. 2.Guest Researcher, Max Planck Institute for Research on Collective GoodsBonnGermany