We use panel data for 50 states during the 1960--2000 period to examine the deterrent effect of capital punishment, using the moratorium as a "judicial experiment." We compare murder rates immediately before and after changes in states' death penalty laws, drawing on cross-state variations in...

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the role of money and its functions in real economies by...

The authors describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on their own personal preference. The experiment is designed f or simulating a pure exchange market in order to demonstrate the role o f money and its functions in real...