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In this paper we consider data from a large number of economic experiments, and look for demographic effects that may be a source of subject pool bias if not carefully accounted for in the subsequent statistical analysis. Our dataset contains information on 2,408 subjects and 597 experimental...
Persistent link: https://www.econbiz.de/10005594841
We present results from 50-round market experiments in which firms decide repeatedly both on price and quantity of a completely perishable good. Each firm has capacity to serve the whole market. The stage game does not have an equilibrium in pure strategies. We run experiments for markets with...
Persistent link: https://www.econbiz.de/10010547328
This paper introduces some new features in the standard experimental design of the beauty contest in order to allow communication among participants. With that aim, we use the mode instead of the mean and non-rival payoffs. This design encourages students to communicate their guessed number,...
Persistent link: https://www.econbiz.de/10005449607