Bargaining and Market Behavior: Essays in Experimental Economics

Paperback / softback

Main Details

Title Bargaining and Market Behavior: Essays in Experimental Economics
Authors and Contributors      By (author) Vernon L. Smith
Physical Properties
Format:Paperback / softback
Pages:476
Dimensions(mm): Height 229,Width 151
Category/GenreEconomic theory and philosophy
ISBN/Barcode 9780521021487
ClassificationsDewey:330.01
Audience
Professional & Vocational
Illustrations 64 Tables, unspecified; 93 Line drawings, unspecified

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 15 December 2005
Publication Country United Kingdom

Description

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.