Over the last thirty years, education reform has been a active topic of debate among policy makers and social scientists. The majority of proposals for reform have been based on a combination of regulations and fixed definitions of school - the resources, organization and structure of schools...

In conducting experiments with multiple trials, outcomes from previous trials can impact on current behavior. One of the most obvious cases in which this can happen, and the case considered in this paper, is in an auction market experiment, where earnings from previous auction trials alter cash...