The papers in this volume follow two long-standing traditions. Firstly, the tradition of experimental methodology that allows one to test the potential impacts of alternate institutional arrangements. Secondly, a subset of the papers in this volume, in addition to exploring institutional change, follow the tradition in experimental economics of replication and robustness studies.
Illuminating three key areas, by summarizing mechanisms to facilitate the assembly of property rights, exploring legal procedure, and replicating classic market experiments using more recent experimental methods to understand how different market rules affect market outcomes, each of these papers contributes to one of the broader areas within experimental law and economics.
R. Mark Isaac is the John and Hallie Quinn Eminent Scholar and Professor of Economics at Florida State University in Tallahassee, FL, USA. His doctoral degree is from the California Institute of Technology.
Carl Kitchens is the Bernard Sliger Scholar and Associate Professor of Economics at Florida State University in Tallahassee, FL, USA.