A Collection of Surveys on Market Experiments

Comprised of 10 surveys by leading scholars, this collection
showcases the largest and fastest growing strands of research on
market behaviour in experimental economics.

• Covers topics such as asset markets, contests, environmental
  policy, frictions, general equilibrium, labour markets, multi-unit
  auctions, oligopoly markets, and prediction markets

• Focuses on the literature that has helped economists best
  understand how markets operate

• Assesses the impact of developments in theory, policy, and
  research methods

Auteur

Charles N. Noussair is Professor of Economics at Tilburg
University, the Netherlands. He specializes in experimental
economics and his research uses an experimental approach to study
individual choice, collective action, markets, auctions,
macroeconomics, and international economics.

Steven Tucker is Founder and Director of the Waikato
Experimental Economics Laboratory, a state-of-the-art research
facility, and Senior Lecturer in Economics at Waikato University,
New Zealand. He uses experimental economic methods to study
research questions in a range of areas of economics such as
industrial organization, financial economics, and
macroeconomics.

Résumé

Comprised of 10 surveys by leading scholars, this collection showcases the largest and fastest growing strands of research on market behaviour in experimental economics.

• Covers topics such as asset markets, contests, environmental policy, frictions, general equilibrium, labour markets, multi-unit auctions, oligopoly markets, and prediction markets
• Focuses on the literature that has helped economists best understand how markets operate
• Assesses the impact of developments in theory, policy, and research methods

Contenu

1. A Collection of Surveys on Market Experiments 1
   Charles N. Noussair and Steven Tucker

2. Experimental Labor Markets and Policy Considerations: Incomplete Contracts and Macroeconomic Aspects 5
   Fortuna Casoria and Arno Riedl

3. Price Dynamics in General Equilibrium Experiments 31
   Sean Crockett

4. Oligopoly Experiments in the Current Millennium 51
   Jan Potters and Sigrid Suetens

5. Multiunit Auctions 75
   Anthony M. Kwasnica and Katerina Sherstyuk

6. Overbidding and Heterogeneous Behavior in Contest Experiments 109
   Roman M. Sheremeta

7. Environmental Markets: What Do We Learn From the Lab? 135
   Lana Friesen and Lata Gangadharan

8. Experimental Markets with Frictions 159
   Gabriele Camera, Marco Casari and Maria Bigoni

9. Experimental Research on Asset Pricing 179
   Charles N. Noussair and Steven Tucker

10. A Review of Bubbles and Crashes in Experimental Asset Markets 197
    Stefan Palan

11. Prediction Markets in the Laboratory 219
    Cary Deck and David Porter

Index 235