Speaker：Ronald M. Harstad (University of Missouri)
Title: "Political Economy Field Experiments Become Possible."
Abstract: An important part of a field experiment measuring the
effectiveness of a proposed policy (social, environmental, public good
provision, etc.) would be to gather information about its allocative
efficiency. Efficiency measures are a standard part of lab
experiments in economics. The talk will explain how efficiency is
measured in the lab, why that method cannot be used in the field, and
propose a new definition and new method that would allow observing
allocative efficiency in the field. Initial demonstrations of the
methodology will be discussed.