Book contents
- Frontmatter
- Contents
- Contributors
- Introduction by the Editors
- Advances in Economics and Econometrics
- 1 Empirical Models of Auctions
- 2 Identification in Models of Oligopoly Entry
- 3 Empirical Models of Imperfect Competition: A Discussion
- 4 Recent Developments in the Economics of Price Discrimination
- 5 Bounded Rationality in Industrial Organization
- 6 Price Discrimination and Irrational Consumers: Discussion of Armstrong and Ellison
- 7 Behavioral Economics
- 8 Incentives and Self-Control
- 9 Discussion of “Behavioral Economics”
- 10 Dynamic Models for Policy Evaluation
- 11 Microeconometric Search-Matching Models and Matched Employer-Employee Data
- 12 Discussion of ‘Dynamic Models for Policy Evaluation’ and ‘Microeconometric Search-Matching Models and Matched Employer-Employee Data’
- 13 Field Experiments in Development Economics
- 14 Institutions and Development: A View from Below
- Index
- Titles in the series
10 - Dynamic Models for Policy Evaluation
Published online by Cambridge University Press: 05 January 2013
- Frontmatter
- Contents
- Contributors
- Introduction by the Editors
- Advances in Economics and Econometrics
- 1 Empirical Models of Auctions
- 2 Identification in Models of Oligopoly Entry
- 3 Empirical Models of Imperfect Competition: A Discussion
- 4 Recent Developments in the Economics of Price Discrimination
- 5 Bounded Rationality in Industrial Organization
- 6 Price Discrimination and Irrational Consumers: Discussion of Armstrong and Ellison
- 7 Behavioral Economics
- 8 Incentives and Self-Control
- 9 Discussion of “Behavioral Economics”
- 10 Dynamic Models for Policy Evaluation
- 11 Microeconometric Search-Matching Models and Matched Employer-Employee Data
- 12 Discussion of ‘Dynamic Models for Policy Evaluation’ and ‘Microeconometric Search-Matching Models and Matched Employer-Employee Data’
- 13 Field Experiments in Development Economics
- 14 Institutions and Development: A View from Below
- Index
- Titles in the series
Summary
Abstract
The evaluation of interventions has become a commonly used policy tool, which is frequently adopted to improve the transparency and effectiveness of public policy. However, evaluation methods based on comparing treatment and control groups in small scale trials are not capable of providing a complete picture of the likely effects of a policy and do not provide a framework that allows issues relating to the design of the program to be addressed. The longer term effects relate to decisions by individuals to change aspects of their life-cycle behavior not directly targeted by the intervention, so as to best take into account its presence. They also relate to possible changes in prices that may change or even reverse the incentives designed by the program. In this paper we show how experimental data from field trials can be used to enhance the evaluation of interventions, and we illustrate the potential importance of allowing for longer term incentive and General Equilibrium effects.
INTRODUCTION
The evaluation of interventions has become a commonly used policy tool. This has led to a better understanding of the overall benefits and costs of interventions, and of their distributional impact. It has also improved transparency in policy making and led to choices that are founded in fact rather than political prejudice.
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- Chapter
- Information
- Advances in Economics and EconometricsTheory and Applications, Ninth World Congress, pp. 255 - 278Publisher: Cambridge University PressPrint publication year: 2006
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