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On the Marginal Revolution blog, Tyler Cowen covered my paper with John List:
There is a new NBER working paper from Omar Al-Ubaydli and John A. List: This is a review of the literature of field experimental studies of markets. The main results covered by the review are as follows: (1) Generally speaking, markets organize the efficient exchange of commodities; (2) There are some behavioral anomalies that impede efficient exchange; (3) Many behavioral anomalies disappear when traders are experienced. This is the best survey article on these claims that I know.
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Published on RegBlog; coauthored with Patrick McLaughlin
Economic theory alone is incapable of resolving many of the controversies over optimal government regulation; therefore, sound empirical projects must play critical role in helping societies respond effectively to challenges like financial sector reform and climate change. To advance the empirical study of industry regulation, we have developed the first meaningful numerical dataset of U.S. federal regulation, covering a period from 1997 to 2012. Continue Published in RegBlog, coauthored with Patrick McLaughlin
How much should governments regulate? Economists attach huge significance to this question because the difference between rich and poor countries can be affected by variation in government quality, especially the extent to which the legal system protects property and encourages innovation and investment. But answering this question has been difficult due to limitations both in economic theory and available data. We have created a new dataset that can help overcome the limits in available data. Continue. Published on Vox; coauthored with John List
Lab and field experiments help us understand human behavior as they increase our confidence in causal effects in regard to different economic problems. This column highlights the relevance of experimental data and discusses the value of lab in comparison to field experiments. While lab experiments are the only applicable way-to-go in a number of situations, they tend to inflate scrutiny. This could artificially modify behavior, and would potentially threaten the causal interpretation of the estimates. The debate about lab versus field experiments is far from settled. However, what economists do agree about is that to obtain convincing causal effects relating to human behavior, a joint consideration of a number of methods would be superior to using any single one in isolation. Continue I gave a talk on the economics of open access publishing at a George Mason University seminar on modern scientific publishing |
Omar Al-Ubaydli
This is where you can find all my articles, as well as some of my interviews and media mentions Archives
June 2020
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