Papers in Experimental Economics
Papers in Experimental Economics
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Author(s): Smith, Vernon L.
ISBN No.: 9780521364560
Pages: 828
Year: 199111
Format: Trade Cloth (Hard Cover)
Price: $ 300.64
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

Preface; Acknowledgments; Part I. The Formative Years: Introduction; 1. An experimental study of competitive market behaviour; 2. Effects of market organization on competitive equilibrium; 3. Nature, the experimental laboratory, and the credibility of hypotheses with D. B. Rice; 4. Experimental auction markets and the Walrasian hypothesis; 5.


Experimental studies of discrimination versus competition in sealed-bid auction markets; 6. Experimental economics: induced value theory; 7. Bidding and auctioning institutions: experimental results; 8. Intertemporal competitive equilibrium: an empirical study of speculation with R. M. Miller and C. R. Plott; 9.


Experimental economics at Purdue; Part II. Institutions And Market Performance: Introduction; 10. On nonbinding price controls in a competitive market with A. W. Williams; 11. An experimental comparison of alternative rules for competitive market exchange with A. W. Williams; 12.


Competitive market institutions: double auctions vs. sealed bid-offer auctions with A. W. Williams, W. K. Bratton and M. G. Vannoni; 13.


Markets as economisers of information: experimental examination of the 'Hayek Hypothesis'; 14. The effect of rent asymmetries in experimental auction markets with A. W. Williams; 15. Microeconomic systems as an experimental science; 16. Experimental economics; 17. A comparison of posted-offer and double-auction pricing institutions with J. Ketcham and A.


W. Williams; 18. Hypothetical valuations and preference reversals in the context of asset trading with M. Knez; 19. Bubbles, crashes, and endogenous expectations in experimental spot asset markets with G. L. Suchanek and A. W.


Williams; Part III. Public Goods: Introduction; 20. The principle of unanimity and voluntary consent in social choice; 21. Incentive compatible experimental processes for the provision of public goods; 22. An experimental comparison of three public good decision mechanisms; 23. Experiments with a decentralised mechanism for public good decisions; 24. Experimental tests of an allocation mechanism for private, public or externality goods with D. L.


Coursey; Part IV. Auctions And Institutional Design: Introduction; 25. Incentives and behaviour in English, Dutch and Sealed-bid auctions with V. M. Coppinger and J. A. Titus; 26. Theory and behaviour of single object auctions with J.


C. Cox and B. Roberson; 27. A test that discriminates between two models of the Dutch-first auction non-isomorphism with J. C. Cox and J. M. Walker; 28.


Theory and behaviour of multiple unit discriminative auctions J. C. Cox and J. M. Walker; 29. Theory and individual behaviour of first-price auctions J. C. Cox and J.


M. Walker; 30. A combinatorial auction mechanism for airport time slot allocation with S. J. Rassenti and R. L. Bulfin; 31. Designing 'smart' computer-assisted markets with K.


A. McCabe and S. J. Rassenti; Part V. Industrial Organization: Introduction; 32. An empirical study of decentralised institutions of monopoly restraint; 33. Natural monopoly and contested markets: some experimental results with D. Coursey and R.


M. Isaac; 34. In search of predatory pricing with R. M. Isaac; Part VI. Perspectives On Economics: 35. Theory, experiment and economics; 36. Experimental economics: behavioural lessons for microeconomic theory and policy.



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