The challenges for economic reforms and concerns of environmental protection of China require researchers to understand and design new markets for pollution control, electricity, renewable energy, frequent platform-based transaction, entrepreneurial finance, etc. in a cost-effective way. Meanwhile, unique challenges arising in technological innovation and entrepreneurship require understanding of new mechanisms that incentivize market interactions. How do people make individual decisions as well as collective decisions under certain market rules? How do new markets influence social welfare? Lab experiment offers a novel approach to studying related questions.
The SEM Experimental Research Laboratory at ShanghaiTech University is a research facility for conducting human subject lab experiments in economics and business. The aim of the SEM Experimental Research Lab is to understand strategic behavior of market participants as well as to solve design problems of new markets in order to gain scientific knowledge of decision making. Our research combines knowledge from economics, innovation, entrepreneurship, and management.
The lab provides 30 desktops and 10 laptops with movable dividers. It is open to all researchers from School of Entrepreneurship and management. In addition, we welcome external academics and collaborative experiments.
Participate in Experiments
If you wish to participate in experiments, please register by scanning the following QR code via Wechat, and click on “点击此处查看线下实验”. We will send you invitations to participate experiments at SEM Experimental Research lab.
Our Faculty's Current and Past Research Projects
1.Truth telling and monitoring design
Shen, Peiyao and Ortmann, Andreas and Betz, Regina, How Rewards Enhance Truthful Reporting: An Experimental Analysis (October 27, 2017). ShanghaiTech SEM Working Paper No. 2018-006.
Available at SSRN: https://ssrn.com/abstract=3159737 or http://dx.doi.org/10.2139/ssrn.3159737
Shen, Peiyao and Betz, Regina and Ortmann, Andreas, Improving truthful reporting of polluting firms by rotating inspectors: Experimental evidence from a bribery game. (In the process of submission)
2.Electricity market design
Andreas Hefti, Regina Betz, Peiyao Shen and Iain MacGill, Information effects and market power in multi-unit auctions: An experimental study of electricity markets with a high share of renewables (August 2017) SCCER CREST Working Paper.
Available at https://www.sccer-crest.ch/fileadmin/user_upload/Hefti_Betz_Shen_MacGill_Information_effects_nx....pdf.pdf