Papers in Experimental Economics

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Hardcover | 20 April 1992

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828 Pages

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23.39 x 15.6 x 4.45

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Professor Vernon L. Smith is a major creator of the new descipline of experimental economics. This collection of his papers from 1962 to 1990 surveys key developments in the field from early attempts to study economic behaviour in now classic double oral auction markets through recent studies of industrial organization and decision making. Topics covered include monopoly and oligopoly, supply and demand theory under posted pricing, uniform pricing, double continuous auction, and sealed bid-offer auctions; hypothetical valuation and market pricing; asset price bubbles; predatory pricing; market contestability and natural monopoly; and the methodology of experimental economics. Taken together, the papers form a history of the study of economics under controlled conditions.

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Preface
Acknowledgments
The Formative Years: Introduction
An experimental study of competitive market behaviour
Effects of market organization on competitive equilibrium
Nature, the experimental laboratory, and the credibility of hypotheses with
Experimental auction markets and the Walrasian hypothesis
Experimental studies of discrimination versus competition in sealed-bid auction markets
Experimental economics: induced value theory
Bidding and auctioning institutions: experimental results
Intertemporal competitive equilibrium: an empirical study of speculation with
Experimental economics at Purdue
Institutions And Market Performance: Introduction
On nonbinding price controls in a competitive market with
An experimental comparison of alternative rules for competitive market exchange with
Competitive market institutions: double auctions vs. sealed bid-offer auctions with
Markets as economisers of information: experimental examination of the 'Hayek Hypothesis'
The effect of rent asymmetries in experimental auction markets with
Microeconomic systems as an experimental science
Experimental economics
A comparison of posted-offer and double-auction pricing institutions with
Hypothetical valuations and preference reversals in the context of asset trading with
Bubbles, crashes, and endogenous expectations in experimental spot asset markets with
Public Goods: Introduction
The principle of unanimity and voluntary consent in social choice
Incentive compatible experimental processes for the provision of public goods
An experimental comparison of three public good decision mechanisms
Experiments with a decentralised mechanism for public good decisions
Experimental tests of an allocation mechanism for private, public or externality goods with
Auctions And Institutional Design: Introduction
Incentives and behaviour in English, Dutch and Sealed-bid auctions with
Theory and behaviour of single object auctions with
A test that discriminates between two models of the Dutch-first auction non-isomorphism with
Theory and behaviour of multiple unit discriminative auctions
Theory and individual behaviour of first-price auctions
A combinatorial auction mechanism for airport time slot allocation with
Designing 'smart' computer-assisted markets with
Industrial Organization: Introduction
An empirical study of decentralised institutions of monopoly restraint
Natural monopoly and contested markets: some experimental results with
In search of predatory pricing with
Perspectives On Economics
Theory, experiment and economics
Experimental economics: behavioural lessons for microeconomic theory and policy
Table of Contents provided by Publisher. All Rights Reserved.

Papers in Experimental Economics

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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