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Economics Symposium Series

The Economics Symposium Series aims to enhance the understanding of economics amongst policymakers, particularly on issues such as the government's role in business, taxation, subsidies, industrial policy, and the use of market incentives in public policy.

Experimental Economics: Implications on Public Policy
13 March 2008

Professor Vernon L. Smith, together with his colleagues Professor Stephen Rassenti and Associate Professor Bart Wilson, shared how insights drawn from experiments in Experimental Economics have had a profound influence on public policy debates, and how the lessons drawn can help us mitigate the law of unintended consequences. See Lecture Notes

Vernon L. Smith is currently Professor of Economics and Law and a research scholar in the Economic Science Institute at Chapman University, California. Professor Smith received the Nobel Prize in Economics in 2002 for his work in experimental economics. By devising markets and electronic trading systems, with actual participants as market actors, Professor Smith established a means of helping researchers better understand why different markets work the way they do. His groundbreaking work has led to an explosion in the application of laboratory experimental methods. Volumes of experimental papers are being published each year, and the number of laboratories is rapidly growing around the world.


Regulation and the Limits of Competition
Date to be confirmed later

This Symposium Series focuses specifically on market regulation and the limits of competition. By providing a platform for Singapore's economic regulators to share on the evolution of their policies, articulate their regulatory philosophies and exchange best practices, the Symposium will study the Singapore government's experience in regulatory and governance issues. The forthcoming Symposium will feature presentations by the Ministry of Health and the Ministry of National Development, and commentaries from academics.

The Proceedings of the inaugural Symposium held on 23 March 2007 is now available [RRP: S$25, not including GST; produced by SNP International; ISBN-13: 978-981-248-175-7]. Please contact cscollege_cgl@cscollege.gov.sg if you are interested in obtaining a copy.

Symposium Papers

See Contents Page

See Extracts from Proceedings