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Instability of Equilibria in Experimental Markets: Upward-Sloping Demands, Externalities, and Fad-Like Incentives

Plott, Charles R.; Smith, Jared - California Institute of Technology, Division of the … - 1992

Persistent link: https://www.econbiz.de/10005292895

Articles - Instability of Equilibria in Experimental Markets: Upward-Sloping Demands, Externalities, and Fad-Like Incentives

Plott, Charles R.; Smith, Jared - In: Southern economic journal 65 (1999) 3, pp. 405-426

Persistent link: https://www.econbiz.de/10006667991

$21 Billion and Counting

Hayes, Sean; Smith, Jared; Tyner, Lee; Johnson, Jennifer - In: Compensation & benefits review 44 (2012) 1, pp. 18-24

Persistent link: https://www.econbiz.de/10009979100

Instability of Equilibria in Experimental Markets: Upward-Sloping Demands, Externalities, and Fad-Like Incentives

Plott, Charles R.; Smith, Jared - In: Southern Economic Journal 65 (1999) 3, pp. 405-426

The objective of the paper is to study markets in which the value of the activity to any one person increases with the level with which the activity is undertaken by others. The general interpretation could be fads, mimicking behavior, or some sort of belief formation process in which the...

Persistent link: https://www.econbiz.de/10005562110