Prior laboratory experiments have studied general equilibrium economies constructed from \induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, \homegrown" preferences. Our subjects reveal their preferences...

Prior laboratory experiments have studied general equilibrium economies constructed from "induced preferences" for artificial goods. We introduce new methods that allow us to study economies constructed instead from subjects' actual, "homegrown" preferences. Our subjects reveal their preferences...