The year 2008 witnessed failure of major banks in USA and Europe fueling liquidity crisis and generating unprecedented depression worldwide. Countries across the world applied coordinated remedial efforts such as low interest rate and pumping stimulus money into the economy. The response was...

This study experimentally evaluates the performance of partial equilibrium mechanisms when different sectors run their mechanisms separately, despite the existence of complementarity between them. In our simple laboratory experiment setting that includes two sectors, each sector runs the...

This study experimentally evaluates the performance of partial equilibrium mechanisms when different sectors run their mechanisms separately, despite the existence of complementarity between them.In our simple laboratory experiment setting that includes two sectors, each sector runs the...