Chapter 7. Field Experiments in Markets

This is a review of the literature of field experimental studies of markets. The main results covered by the review are as follows: (1) Generally speaking, markets organize the efficient exchange of commodities; (2) There are some behavioral anomalies that impede efficient exchange; (3) Many behavioral anomalies disappear when traders are experienced.

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Year of publication:	2017
Authors:	Al-Ubaydli, O. ; List, J.A.
Published in:	Handbook of field experiments. - Amsterdam : North-Holland, Elsevier, ISBN 978-0-444-63325-5. - 2017, p. 271-307
Subject:	Behavioral economics \| Field experiment \| Markets \| Welfare theorems \| Verhaltensökonomik \| Feldforschung \| Field research \| Marktmechanismus \| Market mechanism \| Wohlfahrtsökonomik \| Welfare economics

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/bs.hefe.2016.09.001 [DOI]
Classification:	B21 - Microeconomics ; B53 - Austrian ; C93 - Field Experiments ; D41 - Perfect Competition ; D51 - Exchange and Production Economies ; D61 - Allocative Efficiency; Cost-Benefit Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014023423