We present results from a field experiments at Swiss high schools in which we compare the effectiveness of teaching methods in economics. We randomly assigned classes into an experimental and a conventional teaching group, or a control group that received no specific instruction. Both of our...

In this article, we report the results of a pedagogical experiment involving 118 first-year undergraduate students. In a course on the ?tragedy of the commons?, some students (in ?experimental? sections) participated in a brief classroom game while others (in ?control? sections) received a...

The inclusion of classroom experiments in courses is one of the major innovations in the teaching of economics. The experimental approach is a very efficient pedagogic tool that allows a more intuitive and comprehensive presentation of theoretical concepts without necessarily implying a less...

We introduce a simple web-based classroom experiment in which students learn the Ricardian model of international trade. Students are assigned to countries and then make individual production, trade and consumption decisions. The analysis of experimental data introduces students to the concepts...

oTree is an open-source and online software for implementing interactive experiments in the laboratory, online, the field or combinations thereof. oTree does not require installation of software on subjects’ devices; it can run on any device that has a web browser, be that a desktop computer,...

This paper studies an exchange economy with a finite number of agents in which each agent is initially endowed with a finite number of (personalized) indivisible commodities. We observe that the core equivalence theorem may not hold for this economy when the coalitional form game is generated in...

Perfectly competitive economies are economic models with many agents, each of whom is relatively insignificant. This chapter studies the relations between the basic economic concept of competitive (or Walrasian ) equilibrium , and the game-theoretic solution concept of value . It includes the...