) in laboratory relative to the predictions of theory. Unlike open or partial equilibrium settings of most other …. General equilibrium theory, since it abstracts away from market mechanisms and has no role for money or credit, makes no … of feedback from buying an endowed good is missed. Inclusion of mechanism differences into theory may enhance our …

the predictions of theory. These closed exchange economies have some cash to facilitate transactions, and include feedback …. The experiment reveals that (1) the competitive general equilibrium (CGE) and non-cooperative (NCE) models are reasonable … dominates the others across six measures of performance. Inclusion of some mechanism differences into theory may enhance our …

We run a market experiment where firms can choose not only their price but also whether to present comparable offers …

We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

laboratory experiment we test the different theories by systematically varying information conditions. We find significant …

laboratory experiment. Our findings support the main comparative-static predictions of the model but also suggest that, when …

In a laboratory experiment with supply function competition and private information about correlated costs we study …