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Contribution Details

Type Conference or Workshop Paper
Scope Discipline-based scholarship
Published in Proceedings Yes
Title Experimental Economics and Financial Market Regulation
Organization Unit
Authors
  • Amelie Brune
  • Thorsten Hens
Presentation Type paper
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Event Title Internal seminar at the Royal Ministry of Finance, Norway
Event Type workshop
Event Location Oslo, Norway
Event Start Date September 24 - 2012
Event End Date September 24 - 2012
Place of Publication Oslo, Norway
Abstract Text In this paper, aimed at policy makers like financial regulators and central bankers, we first provide a concise overview of experimental economics in which we argue that in principle experimental economics provides an excellent foundation for the analysis of policy measures in general and of financial policies in particular. Second, we provide an overview of experimental studies on the functionality of financial markets and discuss to which extent the current literature is informative for financial regulators. Third, we address the external validity of the results generated by experimental economics. Throughout this paper, we focus on the finance aspect of using experiments for the study of financial market regulation. Based on our findings, we conclude that experiments together with empirical research and theoretical reasoning based on solid facts will play an important role in public policy advice in the future.
Digital Object Identifier 10.2139/ssrn.1155014
Other Identification Number merlin-id:10192
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