Y2K Bibliography of Experimental Economics and Social Science
Macroeconomics

updated December 29, 1999
Charles A. Holt, cah2k@virginia.edu, suggestions and corrections welcome
(for online and personal use only)


Aliprantis, Charalambos D., and Charles R. Plott (1992) “Competitive Equilibria in Overlapping Generations Experiments,” Economic Theory, 2389-426. Keywords: experiments, macroeconomics, overlapping generations, markets. Email Contact: ralipran@math.iupui.edu

Ballinger, T. Parker, Michael Palumbo, and Nathaniel Wilcox (1998) “Precautionary Saving in the Laboratory,” University of Houston, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, macroeconomics, decisions, saving, overlapping generations, social learning. Abstract: This paper uses an overlapping generations technique to allow subjects to watch others solve a dynamic savings/consumption problem before facing the same problem themselves. The motivation for the design is that people only face the lifetime savings problem once, but they can learn from watching others' experiences. Email Contact: econjb@uhupvm1.uh.edu

Beckman, Steven R., and Joshua N. Foreman (1988) “An Experimental Test of the Baumol Tobin Transactions Demand for Money,” Journal of Money, Credit and Banking, 20:3 (August), 291-305. Keywords: experiments, macroeconomics, money demand, transactions demand for money. Email Contact: sbeckman@castle.cudenver.edu

Bissey, Marie-Edith, and John D. Hey (1999) “Dr. Jekill Saves on Monday, Mr. Hyde Spends on Tuesday,” University of York, Discussion Paper, presented at the Spring 1999 Public Choice Meetings. Keywords: experiments, macroeconomics. Email Contact: meb105@york.ac.uk

Bosch-Domenech, Antoni, and J. Silvestre (1997) “Credit Constraints in General Equilibrium: Experimental Results,” Economic Journal, 1071445-1465. Keywords: experiments, macroeconomics, credit constraints.

Brown, Paul M. (1996) “Experimental Evidence on Money as a Medium of Exchange,” Journal of Economic Dynamics and Control, 20:4 (April), 583-600. Keywords: experiments, macroeconomics, money.

Davis, Douglas D., and Shannon K. Mitchell (1992) “Experimental Economics: An Introduction for Applications to International Trade,” in North American Regional Research Monograph: Proceedings of Workshop on Empirical Methods in Industrial Organization for Applications to International Trade, . Keywords: experiments, macroeconomics, international trade. Email Contact: ddavis@busnet.bus.vcu.edu

Duffy, John (1998) “Monetary Theory in the Laboratory,” Federal Reserve Bank of St. Louis Review, (September/October), . Keywords: experiments, macroeconomics, money, survey. Abstract: This is a survey of laboratory experiments pertaining to monetary theory. Email Contact: jduffy+@pitt.edu

Duffy, John, and Jack Ochs (1999) “Emergence of Money as a Medium of Exchange,” American Economic Review, 89:4 (September), 847-877. Keywords: experiments, macroeconomics, money. Abstract: The paper examines some predictions of the Kiyotaki-Wright model in which agents will acquire a commodity to trade for another, i.e. as a medium of exchange. Subjects in the experiment tend to be driven by past payoff experience, which causes them to deviate from theoretical predictions and avoid speculative strategies. Email Contact: jduffy+@pitt.edu

Fehr, Ernst, and Jean-Robert Tyran (1999) “Does Money Illusion Matter?,” Zurich University, Discussion Paper, presented at the Spring 1999 Public Choice Meeting. Keywords: experiments, macroeconomics, game theory, money illusion, strategic complementarity. Abstract: Games with strategic complementarities are presented to subjects in either real or nominal terms. Large behavioral differences are observed, which is attributed to anticipated nominal inertia in the nominal payoff condition. Email Contact: fehr@iew.unizh.ch

Fehr, Ernst, Paolo Vanini, and Peter K. Zych (1999) “Excess Sensitivity in a Stochastic Life-Cycle Experiment,” University of Zurich, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, macroeconomics, consumption, dynamic decisions, excess sensitivity. Email Contact: fehr@iew.unizh.ch

Hazlett, Denise (1998) “Inflation Uncertainty and Investment in an Experimental Credit Market,” Whitman College, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, macroeconomics, credit markets, finance. Email Contact: hazlett@whitman.edu

Hey, John D., and Daniela di Cagno (1998) “Sequential Markets: An Experimental Investigation of Clower's Dual-Decision Hypothesis,” Experimental Economics, 1:1 63-85. Keywords: experiments, macroeconomics, multiple markets, sequential trade, unemployment, double auction. Email Contact: jdh1@york.ac.uk

Lian, Peng, and Charles R. Plott (1998) “General Equilibrium, Markets, Macroeconomics and Money in a Laboratory Experimental Environment,” Economic Theory, 12:1 (July), 21-76. Keywords: experiments, macroeconomics, money, general equilibrium, unemployment.

Lim, Suk S., Edward C. Prescott, and Shyam Sunder (1988) “Stationary Solution to the Overlapping Generations Model of Fiat Money: Experimental Evidence,” Empirical Economics, 19:2 255-277. Keywords: experiments, macroeconomics, overlapping generations, fiat money. Email Contact: shyam.sunder@yale.edu

Marimon, Ramon, S. Spear, and Shyam Sunder (1991) “Expectationally Driven Market Volatility: An Experimental Study,” Journal of Economic Theory, 61:1 71-103*. Keywords: experiments, macroeconomics, expectations. Email Contact: marimon@datacomm.iue.it

Marimon, Ramon, and Shyam Sunder (1993) “Indeterminacy of Equilibria in a Hyperinflationary World: Experimental Evidence,” Econometrica, 61:5 (September), 1073-1107*. Keywords: experiments, macroeconomics, expectations, inflation. Email Contact: marimon@datacomm.iue.it

McCabe, Kevin A. (1989) “Fiat Money as a Store of Value in an Experimental Market,” Journal of Economic Behavior and Organization, 12:2 (October), 215-231. Keywords: experiments, macroeconomics, fiat money. Email Contact: kmcabe@econlab.arizona.edu

Noussair, Charles N., Charles R. Plott, and Raymond Riezmann (1995) “An Experimental Investigation of the Patterns of International Trade,” American Economic Review, 85:3 (June), 462-491. Keywords: experiments, macroeconomics, international trade, comparative advantage, multiple markets. Email Contact: noussair@mgmt.purdue.edu

Noussair, Charles N., Charles R. Plott, and Raymond Riezman (1997) “The Principles of Exchange Rate Determination in an International Finance Experiment,” Journal of Political Economy, 105:4 (August), 822-861. Keywords: experiments, macroeconomics, international finance, exchange rates, multiple markets. Email Contact: noussair@mgmt.purdue.edu

Slate, Stephen, Michael McKee, William Beck, and James Alm (1995) “Testing Ricardian Equivalence Under Uncertainty,” Public Choice, 85:1-2 (October), 11-29. Keywords: experiments, macroeconomics, Ricardian equivalence.

van der Heijden, Eline*, J. Nelissen, Jan Potters, and Harrie Verbon (1997) “Intergenerational Transfers and Private Savings: An Experimental Study,” Kyklos, 50207-220. Keywords: experiments, macroeconomics, saving, overlapping generations. Email Contact: j.j.m.potters@kub.nl

van Winden, Frans (1999) “Changing Social Insurance Taxation in a Small Open Economy: An Experimental Study,” University of Amsterdam, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, macroeconomics, taxation, capital flight, employment. Email Contact: fvwinden@fee.uva.nl

Wilcox, Nathaniel T., and Parker Balinger (1998) “Precautionary Saving in the Laboratory: A Methodological Update,” University of Houston, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, macroeconomics, decisions. Email Contact: econd1@uhupvm1.uh.edu

Wilson, Bart J. (1998) “Menu Costs and Nominal Price Friction: An Experimental Examination,” Journal of Economic Behavior and Organization, 35:3 (April), 371-388. Keywords: experiments, macroeconomics, menu costs, price stickiness. Email Contact: bwilson@econlab.arizona.edu