Market Institutions and Price Discovery : Collected Papers on the Experimental Foundations of Economics and Political Science

Plott, Charles R.

ISBN 10: 1840643951 / ISBN 13: 9781840643954

Verlag: Edward Elgar Publishing, 2001

Bestandsnummer des Verkäufers 5010777-n

Inhaltsangabe:

This outstanding collection spanning three decades comprises a superb selection of Charles R. Plott's work in experimental economics. Market Institutions and Price Discovery contains papers which define problems, create laboratory methodology and produce the first results in many areas of experimental economics.

Primarily, the volume attempts to explain what is learned from applications of experimental methods, using examples taken from the first stages of the early experimental literature. It goes on to include the first applications of newly developed laboratory methods to matters of national policy, and progresses to examine institutions such as the posted price and to other more complex institutions including opportunities for conspiracy.

The focus then shifts to explore the process through which markets find a price, and then discusses the double auction which has enabled experiments to be used to study more complex environments than the single market experiments that existed formerly. The principles of stability are then used in an attempt to learn more about the dynamics of how markets adjust.

This pathbreaking volume will be of enormous interest to academics, scholars and researchers involved in experimental economics, the methodology of economics, political theory, and political economy.

Über die Autorin bzw. den Autor: Charles R. Plott, Edward S. Harkness Professor of Economics and Political Science and Director, Laboratory for Experimental Economics and Political Science, California Institute of Technology, US

Bibliografische Details

Titel: Market Institutions and Price Discovery : ...
Verlag: Edward Elgar Publishing
Erscheinungsdatum: 2001
Einband: Hardcover
Zustand: New