Huber, Juergen; Shubik, Martin; Sunder, Shyam - In: Games and Economic Behavior 70 (2010) 2, pp. 403-424
We define and examine three minimal market games (sell-all, buy-sell, and double auction) in the laboratory relative to the predictions of theory. These closed exchange economies have some cash to facilitate transactions, and include feedback. The experiment reveals that (1) the competitive...
