Using Field Experiments in Environmental and Resource Economics
This study showcases the usefulness of field experiments to the study of environmental and resource economics. Our focus pertains to work related to field experiments in the area of 'behavioral' environmental and resource economics. Within this rubric, we discuss research in two areas: those that inform i) benefit cost analysis and ii) conservation of resources. Within each realm, we show how field experiments have been able to test the relevant theories, provide important parameters to construct new theories, and guide policymakers. We conclude with thoughts on how field experiments can be used to deepen our understanding of important areas within environmental and resource economics.
We thank the Editor, Charles Kolstad, for his tremendous patience with this manuscript and two anonymous reviewers for comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.