Volume 8 of Research in Experimental Economics provides a forum for
papers incorporating laboratory experimental economics. These
specifically include interdisciplinary papers, papers that report
experimental design innovations, and papers that report detailed
data. The paper by Isaac, Walker and Williams is an example. It
discusses the design of instructional experiments in such areas as
monopoly, asset trading double auctions, and public goods. The
paper also examines practical issues of using laboratory
experiments as a teaching tool.
Four papers report on public goods research. Krishnamurthy,
motivated by research questions in Marketing, examines the role of
non-binding, face-to-face communication in public goods
environments with and without provision points. Chewning, Coller,
and Laury incorporate a natural modification of previous
provision-point environments, namely, multiple provision points in
which additional amounts of the public good will be provided at
increasing threshold steps. The paper by Packard, Isaac, and Bial
extends research on the marginal per capita return effect (broken
down between the MPCR affecting own payoff and affecting others).
This paper takes that distinction to a boundary in which the public
good provides no marginal per capita return to the contributor. The
paper by Croson examines, in the light of the literature on team
production, the effect in a public goods environment of different
levels of feedback on others' contributions. In one treatment,
individuals know only the aggregate contributions of others, while
in the other treatment they had information on individual
decisions.
The paper by Kelly extends existing researchregarding single
sellers by providing for multiproduct monopolists. It is not merely
the addition of additional products that distinguishes this paper,
but also the fact that monopolists have a bundling decision to
make.
This volume concludes with two papers that use controlled
experiments for testing policy-relevant allocation mechanisms.
Elliott, Kruse, Schulze, and Ben-David examine four mechanisms for
the rationing of productive inputs that are subject to supply
shocks. Electricity markets are one obvious motivation, but
certainly not the only one. Ishikida, Ledyard, Olson, and Porter
present experimental "testbedding" research on the California
RECLAIM emissions permit market.
General
Imprint: |
JAI Press Inc.
|
Country of origin: |
United States |
Series: |
Research in Experimental Economics |
Release date: |
March 2001 |
First published: |
2001 |
Editors: |
R. Mark Isaac
|
Dimensions: |
234 x 156 x 14mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
232 |
ISBN-13: |
978-0-7623-0702-9 |
Categories: |
Books >
Business & Economics >
Economics >
Economic theory & philosophy
|
LSN: |
0-7623-0702-1 |
Barcode: |
9780762307029 |
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