Titlebook: Advances in Experimental Markets; Timothy Cason,Charles Noussair Conference proceedings 2001 Springer-Verlag Berlin Heidelberg 2001 Experi

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Conference proceedings 2001 on experimental markets. The articles span a variety of topics related to experimental markets, including auctions, taxation, institutional differences, coordination in markets, and learning. Contributors to the volume include many of the most distinguished researchers in the area.

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1431-8849 tal markets, including auctions, taxation, institutional differences, coordination in markets, and learning. Contributors to the volume include many of the most distinguished researchers in the area.978-3-642-62657-9978-3-642-56448-2Series ISSN 1431-8849 Series E-ISSN 2196-9930

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https://doi.org/10.1007/978-3-662-64701-1uilibrium. In spite of the complexity introduced by the demand interdependence, the competitive model is a good predictor of market outcomes, although prices tend to be above (below) the competitive prediction in the low-price (high-price) market.

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https://doi.org/10.1007/978-3-662-64701-1ces increase as the number of buyers or theshare of surplus earned by the buyers decreases. However, increasing the information revealed to subjects about the surplus inequality favoring seHers mildly facilitates coHusion among sellers rather than provoking demand withholding as conjectured.

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https://doi.org/10.1007/978-3-642-16915-1savings can overwhelm behaviorally salient market power incentives when the savings affect marginal (high cost) units. However, cost savings of the same magnitude on an infra-marginal unit leave market power unchanged.

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https://doi.org/10.1007/978-3-642-16915-1sell at a price equal to marginal cost when buyers are matched with two sellers at a time. Here, we find prices are doser to, but still significantly different from, the equilibrium prediction. Thus, our results support theoretical comparative static, but not point, predictions.

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1431-8849 pers in this volume represent some recent developments in research on experimental markets. The articles span a variety of topics related to experimental markets, including auctions, taxation, institutional differences, coordination in markets, and learning. Contributors to the volume include many o