Instability of equilibria in experimental markets: Upward-sloping demands, externalities, and fad-like incentives

Southern Economic Journal

Volumn 65, Issue 3, 1999, Pages 405-426

  Plott, Charles R ^a   Smith, Jared ^b  

^a CALIFORNIA INSTITUTE OF TECHNOLOGY   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0033459178     PISSN: 00384038     EISSN: None     Source Type: Journal    
DOI: 10.2307/1060807     Document Type: Article

References (8)

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2. Harrison, Glen W., Elizabeth Huffman, E. E. Rutstrom, and Matthew L. Spitzer. 1987. Coasian solutions to the externality problem in experimental markets. Economic Journal 97:388-402.
3. Henderson, James M., and Richard E. Quandt. 1980. Micro-economic theory: A mathematical approach. Third edition. New York: McGraw-Hill.
4. Karni, Edi, and Dan Levin. 1994. Social attributes and strategic equilibrium: A restaurant pricing game. Journal of Political Economy 102:822-40.
5. Plott, Charles R. 1983. Externalities and corrective taxes. The Economic Journal 93:106-27.
6. Plott, Charles R. 1991. A computerized laboratory market system and research support systems for the Multiple Unit Double Auction. Caltech Social Science Working Paper No. 783.
7. Plott, Charles R., and Glen George. 1992. Marshallian vs. Walrasian stability in an experimental market. Economic Journal 102:437-60.
8. Takayama, Akira. 1974. Mathematical economics. Hinsdale. IL: Dryden Press.