Bargaining and Market Behavior: Essays in Experimental Economics

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Format: Hardcover
Pub. Date: 2000-06-12
Publisher(s): Cambridge University Press
List Price: $170.00

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Summary

This second collection of papers by Vernon L. Smith includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998.

Table of Contents

Preface xi
Part I: Economics and Psychology
Introduction
3(4)
Rational Choice: The Contrast Between Economics and Psychology
7(18)
Vernon L. Smith
Experimental Tests of the Endowment Effect
25(16)
Robert Franciosi
Praveen Kujal
Roland Michelitsch
Vernon L. Smith
Gang Deng
Monetary Rewards and Decision Cost in Experimental Economics
41(20)
Vernon L. Smith
James M. Walker
Fairness: Effect on Temporary and Equilibrium Prices in Posted-Offer Markets
61(29)
Robert Franciosi
Praveen Kujal
Roland Michelitsch
Vernon L. Smith
Gang Deng
Part II: Bargaining Theory, Behavior, and Evolutionary Psychology
Introduction
79(11)
Preferences, Property Rights, and Anonymity in Bargaining Games
90(37)
Elizabeth Hoffman
Kevin A. McCabe
Keith Shachat
Vernon L. Smith
Social Distance and Other-Regarding Behavior in Dictator Games
127(12)
Elizabeth Hoffman
Kevin A. McCabe
Vernon L. Smith
On Expectations and the Monetary Stakes in Ultimatum Games
139(13)
Elizabeth Hoffman
Kevin A. McCabe
Vernon L. Smith
Game Theory and Reciprocity in Some Extensive form Experimental Games
152(25)
Kevin A. McCabe
Stephen J. Rassenti
Vernon L. Smith
Behavioral Foundations of Reciprocity: Experimental Economics and Psychology
177(29)
Elizabeth Hoffman
Kevin A. McCabe
Vernon L. Smith
Part III: Institutions and Markets
Introduction
203(3)
Reflections on Some Experimental Market Mechanisms for Classical Environments
206(34)
Vernon L. Smith
Experimental Methods in the Political Economy of Exchange
240(17)
Vernon L. Smith
Individual Rationality, Market Rationality, and Value Estimation
257(8)
Peter Knez
Vernon L. Smith
Arlington W. Williams
Market Contestability in the Presence of Sunk (Entry) Costs
265(21)
Don Coursey
R. Mark Isaac
Margaret Luke
Vernon L. Smith
The Boundaries of Competitive Price Theory: Convergence, Expectations, and Transaction Costs
286(34)
Vernon L. Smith
Arlington W. Williams
Off-Floor Trading, Disintegration, and the Bid-Ask Spread in Experimental Markets
320(28)
Joseph Compbell
Shawn La Master
Vernon L. Smith
Mark Van Boening
Bertrand-Edgeworth Competition in Experimental Markets
348(33)
Jamie Brown Kruse
Stephen Rassenti
Stanley S. Reynolds
Vernon L. Smith
An Experimental Examination of the Walrasian Tatonnement Mechanism
381(33)
Corinne Bronfman
Kevin A. McCabe
David P. Porter
Stephen Rassenti
Vernon L. Smith
Part IV: Stock Market and Bubbles in the Laboratory
Introduction
409(5)
Stock Market Bubbles in the Laboratory
414(20)
David P. Porter
Vernon L. Smith
References 434(17)
Index 451

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