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Randomization,Endogeneity and Laboratory Experiments:The Role of Cash Balances in Private Value Auctions
Randomization Endogeneity Laboratory Experiments Cash Balances Private Value Auctions
2015/9/18
From a theoretical perspective, cash balances are thought to play a role in common value auctions because of limited liability. However, they have also been found to be important in common value aucti...
The Relationship of Economic Theory to Experiments:Treatment driven Experiments
Relationship of Economic Theory Treatment driven Experiments
2015/7/23
When I interact with colleagues and friends who are venturing into experimental economics, either as they prepare for their own experiment, or aim for a critical view of experiments run by others, I o...
Teaching auction strategy using experiments administered via the Internet
Teaching auction strategy experiments administered the Internet
2015/7/23
This article presents an experimental setup that has been used successfully to teach concepts in the economics of auctions, and implications for e-Business procurement. The experiment is easily admini...
DOES UNCERTAINTY REDUCE GROWTH?USING DISASTERS AS NATURAL EXPERIMENTS
DOES UNCERTAINTY REDUCE GROWTH DISASTERS AS NATURAL EXPERIMENTS
2015/7/15
A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To iden...
How Elastic Are Preferences for Redistribution?Evidence from Randomized Survey Experiments
Equality and Inequality Surveys Taxation
2015/4/28
This paper analyzes the effects of information about inequality and taxes on preferences for redistribution using randomized online surveys on Amazon Mechanical Turk (mTurk). About 5,000 respondents w...
Subsidy Framing, Information and Payment Incidence in Factor Markets: Evidence from Market Experiments
Subsidy Framing, Information Payment Incidence Factor Markets Evidence from Market Experiments
2014/6/3
Subsidy Framing, Information and Payment Incidence in Factor Markets: Evidence from Market Experiments。
Modes of Collective Action in Village Economies: Evidence from Natural and Artefactual Field Experiments in a Developing Country
collective action social preference natural and artefactual field experiment irrigation South Asia
2014/1/25
In a canonical model of collective action, individual contribution to collective action is negatively correlated with group size. Yet, empirical evidence on the group size effect has been mixed, partl...
A Computational Social Science Environment for Financial/Economic Experiments
Computational environments big data finance economics algorithmic trading
2014/8/8
This paper describes a major computational social science environment for
conducting experiments in finance and economics, specifically for investigating
trading algorithms and economic risk.
Fo...
Super-exponential bubbles in lab experiments: evidence for anchoring over-optimistic expectations on price
rational expectations nancial bubbles speculation anchoring laboratory experiments behavioral model super-exponential growth
2012/6/2
We analyze a controlled price formation experiment in the laboratory that shows evidence for bubbles. We calibrate two models that demonstrate with high statistical significance that these laboratory ...
Design of experiments for the analysis and optimization of barcodes of food and agricultural products
barcode design of experiments food packaging manufacturing process optimization printing
2014/2/24
The tools and modern techniques used in the Design of Experiments (DOE) have been proved successful in meeting the challenge of continuous improvement of food and agricultural products over the last f...
Field Experiments in Food and Resource Economics Research: Discussion
farmers markets local production natural experiments
2011/10/6
The article discusses several reports published within the section by various authors. Stephen Toler and colleagues have discussed farmers markets, fairness and local production. David R. Just and Bri...
Field Experiments in Food and Resource Economics Research: Discussion
farmers markets local production field experiments
2011/10/6
The article discusses several reports published within the section by various authors. Stephen Toler and colleagues have discussed farmers markets, fairness and local production. David R. Just and Bri...
Oil Prices, Monetary Policy, and Counterfactual Experiments
interest rates Monetary policy oil prices
2011/8/21
Recessions are associated with both rising oil prices and increases in the federal funds rate. Are recessions caused by the spikes in oil prices or by the sharp tightening of monetary policy? This pap...
Neokeynesian and Neoclassical Macroeconomic Models: Stability and Lyapunov Experiments
macroeconomic models Keynesian and Classical model non-linear differential equations
2009/7/17
The non-linear approach to economic dynamics enables us to study traditional economic models using modified formulations and different methods of solution. In this article we compare the dynamic prop...
Detecting speculative bubbles created in experiments via decoupling in agent based models
Detecting speculative bubbles experiments decoupling agent models
2010/12/20
Proving the existence of speculative financial bubbles even a posteriori has proven exceedingly difficult so anticipating a speculative bubble ex ante would at first seem an impossible task. Still as...