It is to demonstrate the enormous potential of the experimental method in economics by providing examples of how experimental economics can shed important new light on key issues of vital economic significance. The subject matter covers several areas of economics and demonstrates why and how experimental methodology can provide new insight. It should prove invaluable to all economists, but perhaps particularly those who are as yet unexposed to this particular methodology.
The most active experimental economists contributed to this volume: Besides the editor of this volume there are to mention P. Bohm, P. Burrows and G. Loomes, G.W. Harrison, S.S. Lim, E.C. Prescott and S. Sunder, A.E. Roth, P. Sbriglia.

Inhalt

and Overview.- Behaviour under Uncertainty without Preference Reversal: A Field Experiment.- The Impact of Fairness on Bargaining Behaviour.- Expected Utility Theory and the Experimentalists.- Stationary Solution to the Overlapping Generations Model of Fiat Money: Experimental Evidence.- Lets Keep the Con out of Experimental Econ.: A Methodological Note.- Experiments in Multi-Stage R&D Competition.