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Title: Chapter 80 - Experimental and behavioral economics to inform agri-environmental programs and policies.
Agricultural and applied economists have begun routinely using behavioral and experimental economics tools to answer important questions about agri-environmental policies and programs. These tools offer valuable insights into decision-making that can advance our economic understanding of human behavior and inform evidence-based policies. However, conducting robust economic experiments on agri-environmental topics presents unique challenges that can make implementation of these studies difficult and limit the applicability of results. This chapter provides a practical guide for researchers regarding best practices for applying experimental and behavioral economics to agri-environmental research focused on producer decision-making. We begin with a brief overview of how insights from behavioral economics have contributed to related literatures over past decades and highlight how economic experiments have been used to answer important research questions in those domains. We describe the types of economic experiments used to answer policy-relevant questions and carefully consider the advantages and limitations of each method in various contexts. We also highlight important trade-offs between control, context, and representativeness to consider when determining the most appropriate type of experiment to conduct. The chapter emphasizes five contemporary issues related to conducting robust experimental economics studies: replicability, statistical power, publication bias, farmer and rural landowner recruitment, and detection of heterogeneous treatment effects. To assist researchers in addressing each issue, we outline best practices and we offer recommendations for researchers, editors, reviewers, and funders. We also discuss research ethics and community engagement. Finally, we present a framework for prioritizing future economics research that can inform agri-environmental programs and policies.  more » « less
Award ID(s):
1757353
NSF-PAR ID:
10331574
Author(s) / Creator(s):
Date Published:
Journal Name:
Handbook of agricultural economics
Volume:
5
ISSN:
1574-0072
Page Range / eLocation ID:
4331-4406
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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