Physical Sciences and Mathematics Commons^™

Essays On Economic Behaviour And Regulation., Subrato Banerjee Dr.

Doctoral Theses

To sum up, this thesis looks at agent behaviour in the laboratory, in the field, and in the market. Firstly, we impose a requirement in the laboratory (Chapter 2) that mimics a regulatory environment (similar to the introduction of a maximum retail price, or a legal fare subject to which an economic transaction must take place), and study individual behaviour subject to our (imposed) requirements. We then study the effect of real-life regulation on the behaviour of economic agents in the field. While the effect of regulation is seen in the field (that is, we see that many auto drivers …