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Bargaining and Market Behavior: Essays in Experimental Economics by Vernon L. Sm

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Características del artículo

Estado
Nuevo: Libro nuevo, sin usar y sin leer, que está en perfecto estado; incluye todas las páginas sin ...
ISBN-13
9780521584500
Book Title
Bargaining and Market Behavior
ISBN
9780521584500

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Product Identifiers

Publisher
Cambridge University Press
ISBN-10
0521584507
ISBN-13
9780521584500
eBay Product ID (ePID)
1635238

Product Key Features

Number of Pages
474 Pages
Publication Name
Bargaining and Market Behavior : Essays in Experimental Economics
Language
English
Subject
Communication Studies, Economics / Microeconomics, Economics / General
Publication Year
2000
Type
Textbook
Subject Area
Language Arts & Disciplines, Business & Economics
Author
Vernon L. Smith
Format
Hardcover

Dimensions

Item Height
1.2 in
Item Weight
30.5 Oz
Item Length
9 in
Item Width
6 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
99-015975
Dewey Edition
21
Illustrated
Yes
Dewey Decimal
330/.01
Table Of Content
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.
Synopsis
This second collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets., This second Cambridge University Press collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. The volume complements Professor Smith's earlier work by demonstrating the importance of institutional features of markets in understanding behavior and market performance. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets., This second Cambridge University Press collection of papers by Vernon L. Smith includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology.
LC Classification Number
HB131 .S59 2000

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