Bargaining and Market Behavior : Essays in Experimental Economics
Bargaining and Market Behavior : Essays in Experimental Economics
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Author(s): Smith, Vernon L.
ISBN No.: 9780521584500
Pages: 474
Year: 200006
Format: Trade Cloth (Hard Cover)
Price: $ 218.49
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

Part I: 1. Rational choice: the contrast between economics and psychology; 2. Experimental tests of the endowment effect; 3. Monetary rewards and decision costs in experimental economics; 4. Fairness, effect on temporary and equilibrium prices in posted-offer markets; Part II. Bargaining theory, Behavior and Evolutionary Psychology: 5. Preferences, property rights and anonymity in bargaining games; 6. Social distance and other regarding behavior in dictator games; 7.


On expectations and monetary stakes in ultimatum games; 8. Game theory and reciprocity in some extensive form experimental games; 9. Behavioral foundations of reciprocity: experimental economics and psychology; Part III. Institutions and Markets: 10. Reflections on some experimental market mechanisms for classical environments; 11. Experimental methods in the political economy of exchange; 12. Individual rationality, market rationality, and value estimation; 13. Market contestability in the presence of sunk costs; 14.


The boundaries of competitive price theory: expectations, convergence and transaction cost; 15. Off-floor trading, disintegration and the Bid-Ask spread in experimental markets; 16. Bertrand-Edgeworth competition in experimental markets; 17. An experimental examination of the Walrasian Tatonnement mechanism; Part IV. Stock Markets and Bubbles: 18. Stock markets bubbles in the laboratory.


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