An Experimental Test of an Optimal Growth Model
设计并运行了一个基于Ramsey-Cass-Koopmans最优增长模型的实验经济，比较了分散市场、单人社会规划者和五人联合决策三种机制，发现市场制度有助于收敛到最优稳态。
This paper describes the design and behavior of an experimental economy with the structure of the Ramsey-Cass-Koopmans model of optimal growth. The experiment includes three different implementations of the model: a decentralized implementation with multiple agents and a market for capital, a treatment where individual subjects are placed in the role of social planners, and a treatment where the social planner consists of five agents making a joint decision. The findings highlight the role of market institutions in facilitating convergence to the optimal steady state.