This chapter documents some open-book call asset markets that have a very large number of traders relative to traditional laboratory markets. The markets were conducted as out-of-class fully computerized extra-credit exercises in microeconomic theory classes at Indiana University. Students could...

This chapter focuses on the effect of non- binding price controls in double auction trading.Static price theory predicts that non-binding price ceilings and floors will have no effect on price determination in double auction markets. In fact they have substantial effects on price dynamics....