Bargaining and Market Behavior de Vernon L. Smith

Bargaining and Market Behavior: Essays in Experimental Economics

Vernon L. Smith

en Limba Engleză Paperback – 14 dec 2005

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.

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	Preț	Express
Paperback (1)	451^.52 lei 6-8 săpt.
Cambridge University Press – 14 dec 2005	451^.52 lei 6-8 săpt.
Hardback (1)	881^.39 lei 6-8 săpt.
Cambridge University Press – 11 iun 2000	881^.39 lei 6-8 săpt.

Preț

Express

Paperback (1)

451^.52 lei 6-8 săpt.

Cambridge University Press – 14 dec 2005

451^.52 lei 6-8 săpt.

Hardback (1)

881^.39 lei 6-8 săpt.

Cambridge University Press – 11 iun 2000

881^.39 lei 6-8 săpt.

Cuprins

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.