Endogenizing market institutions: An experimental approach

European Economic Review

Volumn 49, Issue 7, 2005, Pages 1827-1853

  Kirchsteiger, Georg ^a   Niederle, Muriel ^b   Potters, Jan ^c  

^a MAASTRICHT UNIVERSITY   (Netherlands)

^b STANFORD UNIVERSITY   (United States)

^c TILBURG UNIVERSITY   (Netherlands)

Author keywords

Efficiency; Market institution; Matching and information structures

Indexed keywords

INFORMATION; INSTITUTIONAL FRAMEWORK; MARKET CONDITIONS;

EID: 24044520704     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.euroecorev.2004.05.006     Document Type: Article

References (12)

1. Abbink, K., Sadrieh, A., 1995. RatImage-Research Assistance Toolbox for Computer-Aided Human Behavior Experiments. Discussion Paper No. B-325 University of Bonn.
2. J. Campbell S. LaMaster V. Smith B. Van Off-floor trading, disintegration, and the bid-ask spread in experimental markets Journal of Business 64 1991 495-522
3. E.H. Chamberlin An experimental imperfect market Journal of Political Economy 56 1948 95-108
4. D. Easley J.O. Ledyard Theories of price formation and exchange in double oral auctions In: D. Friedman J. Rust (Eds.) The Double Auction Market. Institutions, Theories, and Evidence 1993 Addison-Wesley Reading, MA
5. D. Friedman A simple testable model of double auction markets Journal of Economic Behavior and Organisation 15 1991 47-70
6. S. Gjerstad J. Dickhaut Price formation in double auctions Games and Economic Behavior 22 1995 1-29
7. D.K. Gode S. Sunder What makes markets allocatively efficient Quarterly Journal of Economics 102 1997 603-630
8. C.A. Holt Industrial Organization In: J. Kagel A. Roth (Eds.) The Handbook of Experimental Economics 1995 Princeton University Press Princeton, NJ
9. C.R. Plott Industrial organization theory and experimental economics Journal of Economic Literature 20 1982 1485-1527
10. V.L. Smith An experimental study of competitive market behavior Journal of Political Economy 70 1962 111-137
11. G.J. Stigler A theory of oligopoly Journal of Political Economy 72 1964 44-61
12. Walker, J., Williams, A., 1998. Market behavior in bid, offer, and double auctions. Journal of Economic Behavior and Organization 9, 301-314.