Vernon L. Smith

Bargaining and Market Behavior

Essays in Experimental Economics

• Broschiertes Buch

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 476
• Erscheinungstermin: 31. Juli 2005
• Englisch
• Abmessung: 229mm x 152mm x 28mm
• Gewicht: 766g
• ISBN-13: 9780521021487
• ISBN-10: 0521021480
• Artikelnr.: 21124007

Inhaltsangabe

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.