Y2K Bibliography of Experimental Economics and Social Science
Market Experiments

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

Abrams, E., Martin Sefton, and A. Yavas (1998) “An Experimental Comparison of Two Search Models,” Penn State University, Discussion Paper. Keywords: experiments, markets, Bertrand model, duopoly, search. Abstract: Prices in Bertrand duopoly markets stabilize at levels significantly above the (marginal cost) predictions. Email Contact: martin.sefton@ncl.ac.uk

Ackert, Lucy F., Bryan K. Church, and M. Shehata (1997) “Market Behavior in the Presence of Costly, Imperfect Information: Experimental Evidence,” Journal of Economic Behavior and Organization, 33:1 (May), 61-74. Keywords: experiments, markets, information costs. Email Contact: lucy.ackert@atl.frb.org

Ackert, Lucy F., and Bryan K. Church (1998) “Information Dissemination and the Distribution of Wealth: Evidence from Experimental Asset Markets,” Journal of Economic Behavior and Organization, 37:3 (November), 357-371. Keywords: experiments, markets, asset markets, information aggregation, distribution of wealth, private information, experience effects, uninformed traders. Abstract: The paper uses experimental asset markets with insiders to evaluate the effects of experience on information aggregation. Private information is incomplete in the sense that it does not eliminate state uncertainty, and this information is fully disseminated, even with experienced traders. Insiders have higher earnings, but only in markets with inexperienced traders. Email Contact: lucy.ackert@atl.frb.org

Ackert, Lucy F., Bryan K. Church, and Mandira Roy Sankar (2000) “Voluntary Disclosure Under Imperfect Competition: Experimental Evidence,” International Journal of Industrial Organization, 18:1 (January), 81-105. Keywords: experiments, markets, information, disclosure. Email Contact: lucy.ackert@atl.frb.org

Agha, Gul, and Charles R. Plott (1983) “Intertemporal Speculation with a Random Demand in an Experimental Market,” in Aspiration Levels in Bargaining and Economic Decision Making, edited by Reinhard Tietz, Berlin: Springer-Verlag, 201-216. Keywords: experiments, markets, intertemporal equilibrium, multiple markets, speculation. Email Contact: cplott@hss.caltech.edu

Alger, Dan (1987) “Laboratory Tests of Equilibrium Predictions with Disequilibrium Data,” Review of Economic Studies, 54:1 (January), 105-145. Keywords: experiments, markets, duopoly, price competition, methodology.

Anderson, Scott, David Johnston, James Walker, and Arlington Williams (1991) “The Efficiency of Experimental Asset Markets: Empirical Robustness and Subject Sophistication,” in Research in Experimental Economics, Vol. 4, edited by R. M. Isaac, Greenwich, Conn.: JAI Press, 107-190. Keywords: experiments, markets, asset markets, experience effects, efficiency, perfect foresight equilibrium. Abstract This study replicates some early studies of asset market price convergence to rational expectations price predictions. Strong convergence is not obtained in a computerized environment unless subjects have considerable training and experience. Email Contact: walkerj@indiana.edu

Anderson, Matthew J., and Shyam Sunder (1995) “Professional Traders as Intuitive Bayesians,” Organizational Behavior and Human Decision Processes, 64185-202. Keywords: experiments, markets, asset markets, information processing, Bayes' rule. Email Contact: shyam.sunder@yale.edu

Anderson, Simon P., Jacob K. Goeree, and Charles A. Holt (1998) “Bounded Rationality in Markets and Complex Systems,” Experimental Economics, forthcoming. Keywords: experiments, markets, bounded rationality, game theory, quantal response equilibrium, learning, logit equilibrium. Abstract: This is a selective survey of the literature on bounded rationality and its implications for experimental economics. Email Contact: holt@virginia.edu

Anderson, Matthew J. (1999) “Replication in Laboratory Asset Markets,” Michigan State University, Keywords: experiments, markets, asset markets, Bayes' rule, video taping.

Ang, James S., and Thomas Schwarz (1985) “Risk Aversion and Information Structure: An Experimental Study of Price Volatility in the Securities Markets,” Journal of Finance, 40(July), 824-844*. Keywords: experiments, markets, asset markets, risk aversion, information.

Arora, Seema, and Timothy N. Cason (1995) “An Experiment in Voluntary Environmental Regulation: Participation in EPA's 33/50 Program,” Journal of Environmental Economics and Management, 28271-286. Keywords: experiments, markets, environmental economics, emissions, regulation. Email Contact: cason@mgmt.purdue.edu

Bagnoli, Mark, and Susan Watts (1997) “Prices and Market Making in Laboratory Order and Quote Driven Markets: The Private Information Case,” Purdue University, Discussion Paper. Keywords: experiments, markets, asset markets, orders, quotes, institutions, efficiency. Email Contact: mbagnoli@indiana.edu

Banks, Jeffrey S. (1985) “Price-Conveyed Information vs. Observed Insider Behavior: A Note on Rational Expectations Convergence,” Journal of Political Economy, 93:4 807-815. Keywords: experiments, markets, asset markets, rational expectations, three state design. Email Contact: bnks@hss.caltech.edu

Battalio, Raymond C., John H. Kagel, Robin C. Winkler, and Richard A. Winett (1979) “Residential Electricity Demand: An Experimental Study,” Review of Economics and Statistics, 61:2 (May), 180-189. Keywords: experiments, markets, decisions, consumer demand, electricity. Email Contact: rcb@esl1.tamu.edu

Baye, Michael R., and John Morgan Morgan (1999) “Bounded Rationality in Homogeneous Product Pricing Games,” Princeton University, Keywords: experiments, markets, Bertrand games, quantal response equilibrium, epsilon equilibrium. Abstract: This paper uses the quantal response equilibrium and the epsilon equilibrium to evaluate data from laboratory Bertrand games. Both of these approaches organize the data significantly better than the standard Nash/Bertrand equilibrium. Email Contact: jmorgan@princeton.edu

Beil, Richard (1988) “Collusive Behavior in Oligopoly Markets,” Auburn University, Discussion Paper. Keywords: experiments, markets, Cournot, collusion, oligopoly. Email Contact: rbeil@business.auburn.edu

Benson, Bruce L., and M. D. Faminow (1988) “The Impact of Experience on Prices and Profits in Experimental Duopoly Markets,” Journal of Economic Behavior and Organization, 9:4 (June), 345-365. Keywords: experiments, markets, duopoly, experience effects. Email Contact: bbenson@coss.fsu.edu

Berczi, A. (1979) “Chamberlin's Experimental Markets Revisited: A Computerized Journey,” American Journal of Economics and Sociology, 38:2 (April), 197-206. Keywords: experiments, markets, computerization.

Berg, Joyce E., Robert Forsythe, and Thomas Rietz (1997) “The Iowa Electronic Market,” in The Blackwell Encyclopedic Distionary of Finance, edited by C. Cooper and C. Agyris, Oxford, U. K.: Blackwell, . Keywords: experiments, markets, asset markets, political stock markets. Email Contact: joyce-berg@uiowa.edu

Berg, Joyce E., Robert Forsythe, and Thomas Rietz (1997) “What Makes Markets Predict Well? Evidence From the Iowa Electronic Markets,” in Understanding Strategic Interaction: Essays in Honor of Reinhard Selden, edited by W. Albers, W. Guth, P. Hammerstein, B. Moldovanu and E. van Damme, Berlin: Springer, 441-463. Keywords: experiments, markets, asset markets, political stock markets, efficiency. Email Contact: joyce-berg@uiowa.edu

Beutin, Nikolas, and Abdolkarim Sadrieh (1999) “The Effect of Retaliation and Cooperation on the Profitability of Entry Deterrence Strategies,” Tilburg University, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, markets, entry deterrence, pooling, separating, signaling. Abstract: The potential observes the first-period output decision of a monopolist before deciding whether to enter and compete in the second stage (Cournot) market. The monopolist's cost is private information, both separating and pooling equilibria are observed. Email Contact: sadrieh@united.econ.uni-bonn.de

Biais, Bruno, and Sébastien Pouget (1999) “Learning Equilibrium in Experimental Financial Markets: Does Microstructure Matter?,” University of Toulouse, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, markets, asset markets, double auction, call market, differential information. Abstract: Asset market experiments with differential information about dividend payments are conducted under three institutions: double auction, call market, and "a preopening period" followed by a call market and then a double auction. The focus is on learning and information aggregation. Email Contact: pouget@gremaq.univ-tlse1.fr

Bjornstad, David J., Steven R. Elliott, and Douglas R. Hale (1999) “Understanding Experimental Economics and Policy Analysis in a Federal Agency: The Case of Marketable Emissions Trading,” in Research in Experimental Economics, Volume 7, Emissions Permit Experiments, edited by R. M. Isaac and C. A. Holt, Stamford, Conn.: JAI Press, 163-180. Keywords: experiments, markets, policy, emissions permits, pollution permits, externalities. Email

Bloomfield, Robert J. (1996) “The Interdependence of Reporting Discretion and Informational Efficiency in Laboratory Markets,” The Accounting Review, 71:4 493-511. Keywords: experiments, markets, information, asset markets, accounting. Email Contact: rjb9@cornell.edu

Bloomfield, Robert J. (1996) “Quotes, Prices and Estimates in a Laboratory Market,” Journal of Finance, 511791-1808. Keywords: experiments, markets, asset markets, auctions, dealer intermediation, price formation. Email Contact: rjb9@cornell.edu

Bloomfield, Robert J., and Maureen O'Hara (1998) “Does Order Preferencing Matter?,” Journal of Finance, 503-37. Keywords: experiments, markets, asset markets, auctions, dealers, order preferencing. Email Contact: rjb9@cornell.edu

Bloomfield, Robert J., and Marueen O'Hara (1999) “Market Transparency: Who Wins and Who Loses?,” Review of Financial Studies, 155-35. Keywords: experiments, markets, asset markets, dealers, price information, quote information. Email Contact: rjb9@cornell.edu

Bohm, Peter, and Björn Carlén (1999) “Effects of Dominant Countries on a Tradable Quota Market for Carbon Emissions: A Laboratory Test,” Stockholm University, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, markets, emissions permits, market power. Abstract: The effects of dominant countries on the international trade of emissions permits is examined in a market experiment. The market power of dominant countries does not prevent the cost-effective allocation of emissions permits. Email Contact: bc@ne.su.se

Bonssort, P., Charles R. Plott, and D. Kleiman (1998) “Experimental Tests of the CAPM as a Model of Equilibrium in Financial Markets,” California Institute of Technology, Working Paper #1032. Keywords: experiments, markets, asset markets, CAPM, risk aversion. Email Contact: cplott@hss.caltech.edu

Borck, Rainald, Dirk Engelmann, and Wieland Müller (1999) “Tax Liability Side Equivalence in an Experimental Posted Offer Market,” Humboldt University, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, markets, tax incidence. Abstract: This experiment is focused on the effect of tax incidence in a posted-offer market. A tax levied on sellers has essentially the same price effect as an equal tax levied on buyers, with prices being slightly above the competitive prediction in both treatments. Email Contact: engelmann@wiwi.hu-berlin.de

Bosch-Domenech, Antoni, and Nick Vriend (1998) “Do Boundedly Rational People Imitate?,” University of London, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, markets, Cournot, spite, imitation, bounded rationality. Abstract: The experiment provides an analysis of imitation and spiteful behavior in a Cournot oligopoly. Players seem to be reluctant to imitate. Email Contact: n.vriend@qmw.ac.uk

Brandts, Jordi, and Gary Charness (1999) “Gift Exchange in Markets with Excess Supply and Demand,” Institute of Economic Analysis, Barcelona, Discussion Paper, presented at the Summer 1999 ESA Meetings. Keywords: experiments, markets, gift exchange, reciprocity. Email Contact: brandts@cc.uab.es

Brewer, Paul J., and Charles R. Plott (1998) “A Smart Market Solution to a Class of Back-Hand Transportation Problems: Concept and Experimental Testbeds,” Hong Kong University of Science and Technology, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, markets, smart markets, transportation economics. Email Contact: pjbrewer@ust.hk

Brewer, Paul J. (1999) “Autocorrelation of Transactions Prices and Return in CRSD Double Auction Markets: Humans vs. Trading Robots,” Hong Kong University of Science and Technology, presented at the Fall 1999 European Regional ESA Meeting, Keywords: experiments, markets, double auction, zero intelligence traders, simulation, continuously refreshed supply and demand, convergence. Abstract: This paper is a study of the price autocorrelations in markets with continuously refreshed supply and demand, an environment in which zero intelligence traders do not converge to competitive outcomes, but humans and some other types of simulated traders do converge. Email Contact: pjbrewer@ust.hk

Bronfman, Corinne, Kevin A. McCabe, David Porter, Stephen Rassenti, and Vernon L. Smith (1996) “An Experimental Examination of the Walrasian Tâtonnement Mechanism,” RAND Journal of Economics, 27:4 (Winter), 681-699. Keywords: experiments, markets, tatonnement. Email Contact: corinne.bronfman@occ.treas.gov

Brown-Kruse, Jamie L. (1991) “Contestability in the Presence of an Alternate Market: an Experimental Examination,” Rand Journal of Economics, 22136-147. Keywords: experiments, markets, contestability, alternative market, entry and exit, methodology. Email Contact: jamie.kruse@ttu.edu

Brown-Kruse, J., M. B. Cronshaw, and D. J. Schenk (1993) “Theory and Experiments on Spatial Competition,” Economic Inquiry, 31139-165. Keywords: experiments, markets, spatial competition, location. Email Contact: jamie.kruse@ttu.edu

Brown-Kruse, Jamie, M. B. Cronshaw, and D. J. Shenk (1993) “Theory and Experiments on Spatial Competition,” Economic Inquiry, 31:1 139-165. Keywords: experiments, markets, spatial competition, communication, Hotelling model. Email Contact: jamie.kruse@ttu.edu

Brown-Kruse, J., Howard Kunreuther, and Kevin Simmons (1999) “Risk Mitigation: Individual and Market Behavior,” Texas Tech University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, risk. Email Contact: jamie.kruse@ttu.edu

Buccola, Steven T., and Vernon L. Smith (1987) “Uncertainty and Partial Adjustment in Double-Auction Markets,” Journal of Economic Behavior Organization, 8:4 (December), 587-601. Keywords: experiments, markets, uncertainty, partial adjustment. Email Contact: vls@econlab.arizona.edu

Burton, F. Greg, and Brad Tuttle (1999) “Market Behavior Under Information Overload Conditions,” University of South Carolina, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, markets, asset markets, double auction, information. Abstract: Information cues were provided about the values of assets being traded in double auction experiments. The effect of increasing the number of information cues (information overload) is investigated. Email Contact: tuttle@darla.badm.sc.edu

Cabrales, Antonio, Walter Garci*a-Fontes, and Massimo Motta (2000) “Risk Dominance Selects the Leader: An Experimental Examination,” International Journal of Industrial Organization, 18:1 (January), 137-162. Keywords: experiments, markets, risk dominance.

Caginalp, Gunduz, David Porter, and Vernon L. Smith (2000) “Momentum and Overreaction in Experimental Asset Markets,” International Journal of Industrial Organization, 18:1 (January), 187-204. Keywords: experiments, markets, asset markets, capital/asset ratio, bubbles. Email Contact: caginalp@vms.cis.pitt.edu

Camerer, Colin F. (1989) “Bubbles and Fads in Asset Prices,” Journal of Economic Surveys, 33-41. Keywords: experiments, markets, asset markets, bubbles, fads, biases. Email Contact: camerer@hss.caltech.edu

Camerer, Colin (1992) “The Rationality of Prices and Volume in Experimental Markets,” Organizational Behavior and Human Decision Processes, 51237-272. Keywords: experiments, markets, asset markets, price formation, volume. Email Contact: camerer@hss.caltech.edu

Camerer, Colin, and D. Lovallo (1999) “Overconfidence and Excess Entry: An Experimental Approach,” American Economic Review, 89:1 (March), 306-318. Keywords: experiments, markets, entry, overconfidence, biases. Email Contact: camerer@hss.caltech.edu

Campbell, Joseph, Shawn Lamaster, Vernon L. Smith, and Mark Van Boening (1992) “Off-Floor Trading, Disintegration, and the Bid-Ask Spread in Experimental Markets,” Journal of Business, 64495-522. Keywords: experiments, markets, bid-ask spread, off-floor trading, efficiency. Email Contact: vls@econlab.arizona.edu

Carlson, John A. (1967) “The Stability of an Experimental Market with a Supply-Response Lag,” Southern Economic Journal, 33(January), 299**-321. Keywords: experiments, markets, cobweb, Cournot.

Cason, Timothy N., and Arlington W. Williams (1990) “Competitive Equilibrium Convergence in a Posted-Offer Market with Extreme Earnings Inequities,” Journal of Economic Behavior and Organization, 14:3 (December), 331-352. Keywords: experiments, markets, posted-offer market, earnings inequities. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1992) “Call Market Efficiency with Simple Adaptive Learning,” Economics Letters, 4027-32. Keywords: experiments, markets, call markets, adaptive learning, efficiency. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Dan Friedman (1993) “An Empirical Analysis of Price Formation in Double Auction Markets,” in The Double Auction Market: Institutions, Theories, and Evidence, edited by D. Friedman and J. Rust, Reading, Mass.: Addison-Wesley, 253-283. Keywords: experiments, markets, double auctions. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1993) “Seller Incentive Properties of EPA's Emission Trading Auction,” Journal of Environmental Economics and Management, 25177-195. Keywords: experiments, markets, emission trading, EPA, regulation. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1994) “The Strategic Value of Asymmetric Information Access for Cournot Competitors,” Information Economics and Policy, 6:1 (March), 3-24. Keywords: experiments, markets, Cournot, asymmetric information. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1994) “The Impact of Information Sharing Opportunities on Market Outcomes: An Experimental Study,” Southern Economic Journal, 6118-39. Keywords: experiments, markets, information sharing. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1995) “Cheap Talk Price Signaling in Laboratory Markets,” Information Economics and Policy, 7:2 (June), 183-204. Keywords: experiments, markets, cheap talk. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1995) “An Experimental Investigation of Seller Incentives in EPA's Emission Trading Auction,” American Economic Review, 85905-922. Keywords: experiments, markets, emissions permit trading, EPA. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Douglas D. Davis (1995) “Price Communications in a Multi-Market Context: An Experimental Investigation,” Review of Industrial Organization, 10769-787. Keywords: experiments, markets, multiple markets, communication, price signaling. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1996) “Price Formation in Double Auction Markets,” Journal of Economic Dynamics and Control, 20:8 (August), 1307-1337. Keywords: experiments, markets, double auctions, learning. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Charles R. Plott (1996) “EPA's New Emissions Trading Mechanism: A Laboratory Evaluation,” Journal of Environmental Economics and Management, 30133-160. Keywords: experiments, markets, emissions permits, environmental economics. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1997) “Price Formation in Single Call Markets,” Econometrica, 65:2 (March), 311-345. Keywords: experiments, markets, call markets, random values and costs, Bayesian Nash equilibrium, experience effects, payoff flatness, errors, direction learning theory. Abstract: Values and costs are randomly determined each period, and price is determined by crossing the bid and ask arrays in a call market institution. The Bayesian Nash equilibrium predicts qualitative features of the data, but bids and asks are too close to underlying values and costs for some treatments, especially with experienced traders. Bids (asks) exhibit more noise when they are very high or very low, and hence where expected payoffs are less sensitive to deviations from Nash predictions. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1998) “A Laboratory Study of Customer Markets,” University of California at Santa Cruz, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, markets, posted price auctions, switching costs, efficiency. Abstract: This experiment involves sellers with randomly fluctuating production costs and buyers who incur a cost of switching sellers. Sellers tend to post higher prices when switch costs are higher. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Lata Gangadharan (1998) “An Experimental Study of Electronic Trading for Emission Permits,” Journal of Regulatory Economics, 1455-73. Keywords: experiments, markets, public, emission permits. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., Steven R. Elliott, and Mark Van Boening (1999) “Speculation in Experimental Markets for Emission Permits,” in Research in Experimental Economics, Volume 7, Emissions Permit Experiments, edited by R. M. Isaac and C. A. Holt, Stamford, Conn.: JAI Press, 95-119. Keywords: experiments, markets, double auction, sealed bid auction, emissions permits, pollution permits, public goods, externalities, speculation, bubbles. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1999) “Learning in a Laboratory Market with Random Supply and Demand,” Experimental Economics, 2:1 77-98. Keywords: experiments, markets, call markets, two-sided sealed bid/ask auctions, Bayesian Nash bidding strategies, private values and costs, learning, adaptive learning, partial adjustment to an ex post best response. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Lata Gangadharan (1999) “Environmental Labeling and Incomplete Consumer Information in Laboratory Markets,” Purdue University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, externalities, environmental economics. Abstract: Producers in a laboratory posted offer market choose a level of environmental quality for the goods they sell. This quality is valued by consumers but cannot be observed by prior to purchase. The informational asymmetry results in inefficiently low levels of environmental quality that is only imperfectly corrected by reputations and signaling. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1999) “Price Dispersion in a Laboratory Market,” Purdue University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, search cost, price dispersion. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Tridib Sharma (1999) “Durable Goods, Coasian Dynamics and Uncertainty: Theory and Experiments,” Purdue University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, durable goods, Coase conjecture, posted offer, private values, demand withholding. Abstract: Two buyers draw private values (high or low), and the single seller sets a price. Buyers decide whether or not to buy (at most one unit each). If fewer than two units are sold, the seller can set a new price, etc., until both units are sold or the round is terminated randomly. The equilibrium involves a declining (Coasian) price sequence, which is observed in the experiments. Perfect price discrimination is not observed. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1999) “The Opportunity for Conspiracy in Asset Markets Organized with Dealer Intermediaries,” Review of Financial Studies, forthcoming. Keywords: experiments, markets, asset markets, collusion, limit orders, asymmetric information, adverse selection, efficiency. Abstract: Traders in an asset market experiments place orders through dealers, who are able to reduce informational efficiency and widen spreads when they are able to collude between periods. Allowing traders to post limit orders tends to restore efficiency and narrow spreads, even when dealers collude. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Charles Mason (1999) “Information Sharing and Collusion in Laboratory Duopoly Markets,” Economic Inquiry, 37258-281. Keywords: experiments, markets, duopoly, collusion, information sharing. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1999) “Consumer Search and Market Power: Some Laboratory Evidence,” in Advances in Applied Microeconomics, Vol. 8, edited by M. Baye, Greenwich, Conn.: JAI Press, forthcoming. Keywords: experiments, markets, market power, consumer search. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1999) “Price Formation and Exchange in Thin Markets: A Laboratory Comparison of Institutions,” in Money, Markets and Method: Essays in Honour of Robert W. Clower, edited by P. Howitt, E. de Antoni and A. Leijonhufvud, Cheltenham, U.K.: Edward Elgar, 155-179. Keywords: experiments, markets, thin markets, price formation, institutions. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1999) “Price Signaling and `Cheap Talk' in Laboratory Posted Offer Markets,” in The Handbook of Experimental Economics Results, edited by C. Plott and V. Smith, Amsterdam: Elsevier Press, forthcoming. Keywords: experiments, markets, posted offer, price signaling, cheap talk. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N. (1999) “Trading Institutions and Emission Allowances,” in The Handbook of Experimental Economics Results, edited by C. Plott and V. Smith, Amsterdam: Elsevier Press, forthcoming. Keywords: experiments, markets, institutions, emissions permits. Email Contact: cason@mgmt.purdue.edu

Cason, Timothy N., and Daniel Friedman (1999) “A Comparison of Market Institutions,” in The Handbook of Experimental Economics Results, edited by C. Plott and V. Smith, Amsterdam: Elsevier Press, forthcoming. Keywords: experiments, markets, institutions. Email Contact: cason@mgmt.purdue.edu

Chamberlin, Edward H. (1948) “An Experimental Imperfect Market,” Journal of Political Economy, 56:2 (April), 95-108. Keywords: experiments, markets, decentralized trading, simulation, classroom games. Abstract: This classic study reports the first published laboratory market experiment, in which buyers and sellers were given values and costs on cards and were allowed to circulate around the classroom and arrange trades. There was some price dispersion and the equilibrium quantity was too high relative to competitive predictions, which was explained by simulations of decentralized trading. This experiment was conducted in Chamberlin's microeconomics class to make a pedagogical point, which is indicative of the close tie between research and teaching in experimental economics.

Cherry, Todd L., Thomas D. Crocker, and Jason F. Shogren (1999) “Rationality Spillovers,” University of Wyoming, Discussion Paper. Keywords: experiments, markets, asset markets, rationality, preference reversal, contingent valuation. Email Contact: tlcherry@uwyo.edu

Chewning, Eugene, Maribeth Coller, and Brad Tuttle (1999) “Are Market Prices Revealing? Evidence from the Laboratory,” University of South Carolina, Discussion Paper. Keywords: experiments, markets, asset markets, information. Email Contact: mbeth@darla.badm.sc.edu

Clauser, Laura, and Charles R. Plott (1993) “On the Anatomy of the 'Nonfacilitating' Features of the Double Auction Institution in Conspiratorial Markets,” in The Double Auction Market: Institutions, Theories, and Laboratory Evidence, edited by D. Friedman and J. Rust, Reading, Mass.: Addison-Wesley, 333-353. Keywords: experiments, markets, double auction, collusion, facilitating practices. Email

Coller, Maribeth (1996) “Information, Noise, and Asset Prices: An Experimental Study,” Review of Accounting Studies, 131-46. Keywords: experiments, markets, asset markets, information. Email Contact: mbeth@darla.badm.sc.edu

Coller, Maribeth, and Brad Tuttle (1998) “Cracking the Black Box: Mapping Individual Decision Models to the Market,” University of South Carolina, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, markets, decisions. Email Contact: mbeth@darla.badm.sc.edu

Coller, Maribeth, and Brad Tuttle (1999) “Cracking the Black Box: Mapping Individual Decision Models to the Market,” University of South Carolina, Discussion Paper. Keywords: experiments, markets. Email Contact: mbeth@darla.badm.sc.edu

Conlisk, John (1996) “Bounded Rationality and Market Fluctuations,” Journal of Economic Behavior and Organization, 29:2 (March), 233-250. Keywords: experiments, markets.

Cook, William D., and E.C.H. Veendorp (1975) “Six Markets in Search of an Auctioneer,” Canadian Journal of Economics, 8(May), 238-257. Keywords: experiments, markets.

Copeland, Thomas E., and Daniel Friedman (1987) “The Effect of Sequential Information Arrival on Asset Prices: An Experimental Study,” Journal of Finance, 42:6 (July), 763-798. Keywords: experiments, markets, asset markets, information. Email Contact: dan@cats.ucsc.edu

Copeland, Thomas E., and Daniel Friedman (1991) “Partial Revelation of Information in Experimental Asset Markets,” The Journal of Finance, 46:1 (March), 265-295*. Keywords: experiments, markets, asset markets, asymmetric information. Email Contact: dan@cats.ucsc.edu

Copeland, Thomas E., and Daniel Friedman (1992) “The Market Value of Information: Some Experimental Results,” Journal of Business, 65241-266. Keywords: experiments, markets, information. Email Contact: dan@cats.ucsc.edu

Coursey, Donald L., and Vernon L. Smith (1983) “Price Controls in a Posted-Offer Market,” American Economic Review, 73(March), 218-221. Keywords: experiments, markets, posted-offer market, price controls. Email Contact: vls@econlab.arizona.edu

Coursey, Donald L., R. Mark Isaac, and Vernon L. Smith (1984) “Natural Monopoly and Contested Markets: Some Experimental Results,” Journal of Law and Economics, 2791-113. Keywords: experiments, markets, natural monopoly, contestable markets, entry. Email Contact: vls@econlab.arizona.edu

Coursey, Donald L., R. Mark Isaac, Margaret Luke, and Vernon L. Smith (1984) “Market Contestability in the Presence of Sunk (Entry) Costs,” Rand Journal of Economics, 1569-84. Keywords: experiments, markets, contestable markets, entry, sunk costs. Email Contact: vls@econlab.arizona.edu

Coursey, Donald L., and Edward A. Dyl (1986) “Trading Suspensions, Daily Price Limits, and Information Efficiency: A Laboratory Examination,” in Laboratory Market Research, edited by Shane Moriarity, Norman, Oklahoma: University of Oklahoma, Center for Econometrics and Management Research, 153-168. Keywords: experiments, markets, asset markets, trading suspensions, bubbles. Email

Coursey, Donald L. (1987) “Markets and the Measurement of Value,” Public Choice, 55:3 (October), 291-297. Keywords: experiments, markets.

Coursey, Donald L., and Edward A. Dyl (1990) “Price Limits, Trading Suspension, and the Adjustment of Prices to New Information,” Review of Futures Markets, 9343-360. Keywords: experiments, markets, asset markets, trading suspension, price limits, information.

Cox, James C., and R. Mark Isaac (1986) “Incentive Regulation: A Case Study in the Use of Laboratory Experimental Analysis in Economics,” in Laboratory Market Research, edited by S. Moriarity, Norman, Oklahoma: University of Oklahoma Center for Economic and Management Research, 121-145. Keywords: experiments, markets, regulation. Email Contact: jcox@bpa.arizona.edu

Cox, James C., and R. Mark Isaac (1987) “Mechanisms for Incentive Regulation: Theory and Experiment,” RAND Journal of Economics, 18348-359. Keywords: experiments, markets, regulation. Email Contact: jcox@bpa.arizona.edu

Cox, James C., and R. Mark Isaac (1992) “Incentive Regulation and Innovation,” in Research in Experimental Economics, Vol. 5, edited by R. M. Isaac, Greenwich, Conn.: JAI Press, 171-187. Keywords: experiments, markets, regulation, Loeb-Magat regulation, innovation. Abstract This paper provides an experimental test of the authors' modification of the Loeb-Magat monopoly regulation rule that rewards price cuts by paying the firm a sales-based estimate of the consumer surplus gain. The rule is applied in a "tough" laboratory setting with opportunities for innovation and a wide range of decreasing costs. Email Contact: jcox@bpa.arizona.edu

Cox, James C., and Mark Walker (1998) “Learning to Play Cournot Duopoly Strategies,” Journal of Economic Behavior and Organization, 36:2 (August), 141-161. Keywords: experiments, markets, game theory, Cournot, learning, boundary effects, unstable equilibria, stability. Abstract: This paper reports Cournot experiments with constant or decreasing marginal costs. Decisions converge to stable interior equilibria, but not to unstable interior equilibria or to boundary equilibria. Standard learning models do not provide good explanations of this behavior. Email Contact: jcox@bpa.arizona.edu

Cox, James, Theo Offerman, Mark Olson, and Arthur Schram (1998) “Competition for vs. on the Rails: A Laboratory Experiment,” University of Amsterdam, Discussion Paper. Keywords: experiments, markets, transportation, rails. Email Contact: jcox@bpa.arizona.edu

Cox, James C.*, and R. Mark Isaac (1999) “Procurement Contracting,” in Handbook of Experimental Economics Results, edited by C. R. Plott and V. L. Smith, New York: Elsevier Press, forthcoming. Keywords: experiments, markets, survey, procurement contracts. Email Contact: jcox@bpa.arizona.edu

Cox, James C.*, and R. Mark Isaac (1999) “Experiments with Decentralized Monopoly Restraint,” in Handbook of Experimental Economics Results, edited by C. R. Plott and V. L. Smith, New York: Elsevier Press, forthcoming. Keywords: experiments, markets, decentralized regulation, survey. Email Contact: jcox@bpa.arizona.edu

Cronshaw, Mark B., and Jamie Brown Kruse (1999) “An Experimental Analysis of Emission Permits with Banking and the Clean Air Act Amendments of 1990,” in Research in Experimental Economics, Volume 7, Emissions Permit Experiments, edited by C. A. Holt and R. M. Isaac, Stamford, Conn.: JAI Press, 1-24. Keywords: experiments, markets, emissions permits, pollution permits, externalities, public goods. Email Contact: mark.cronshaw@colorado.edu

Cyert, Richard M., and Lester B. Lave (1965) “Collusion, Conflit et Science Economique,” Economie Apliquee, 18385-406. Keywords: experiments, markets, survey. Abstract: This is an early survey of work in experimental economics.

Daughety, Andrew F., and Robert Forsythe (1987) “Regulatory-Induced Industrial Organization,” Journal of Law, Economics, and Industrial Organization, 3397-434. Keywords: experiments, markets, regulation. Email Contact: daugheaf@ctrvax.vanderbilt.edu

Daughety, Andrew F., and Robert Forsythe (1987) “Regulation and the Formation of Reputations: A Laboratory Analysis,” in Public Regulation: New Perspectives on Institutions and Policies, edited by E. Bailey, Cambridge, Mass.: MIT Press, 347-398. Keywords: experiments, markets, regulation. Email Contact: daugheaf@ctrvax.vanderbilt.edu

Daughety, Andrew F., ed. (1988) Cournot Oligopoly: Characterization and Applications, Cambridge; New York and Melbourne: Cambridge University Press. Keywords: experiments, markets, Cournot. Email Contact: daugheaf@ctrvax.vanderbilt.edu

Davis, Douglas D., and Arlington W. Williams (1986) “The Effects of Rent Asymmetries in Posted Offer Markets,” Journal of Economic Behavior and Organization, 7:3 (September), 303-316. Keywords: experiments, markets, posted offer, rent asymmetries. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D.*, and Charles A. Holt (1990) “The Effects of Non-Binding Price Announcements in Posted-Offer Markets,” Economics Letters, 34:4 307-310. Keywords: experiments, markets, posted offer, cheap talk. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Arlington W. Williams (1990) “Market Power and the Informational Asymmetry of the Posted-Offer Trading Institution,” Economics Letters, 34:3 211-214. Keywords: experiments, markets, posted offer, market power, institutions. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Arlington W. Williams (1991) “The Hayek Hypothesis in Experimental Auctions: Institutional Effects and Market Power,” Economic Inquiry, 29:2 (April), 261-274. Keywords: experiments, markets, posted offer, double auctions, market power. Abstract: The effect of seller market power is to raise prices in laboratory posted offer markets. This effect is much less pronounced in double auctions. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1992) “Capacity Constraints, Market Power, and Mergers in Markets with Posted Prices,” Investigaciones Economicas, 2(supplement), 73-79. Keywords: experiments, markets, posted offer, market power. Abstract: This paper summarizes initial work on the effects of mergers that create market power in posted price markets. A merger can create market power by reducing rivals' capacity, and hence reducing their ability to increase market share when the merged firm raises prices above competitive levels. This market power results in higher prices, as predicted by a Nash equilibrium in mixed strategies. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., Glenn W. Harrison, and Arlington W. Williams (1993) “Convergence to Nonstationary Competitive Equilibria: An Experimental Analysis,” Journal of Economic Behavior and Organization, 22:3 (December), 305-326. Keywords: experiments, markets, double auctions, posted offer, demand shifts, price adjustment. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., Glenn W. Harrison, and Arlington W. Williams (1993) “The Effects of Nonstationarities on the
Convergence to Competitive Equilibria,” Journal of Economic Behavior and Organization, 20(supplement), 1-22. Keywords: experiments, markets, posted offer, nonstationarities. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1994) “Market Power and Mergers in Markets with Posted Prices,” RAND Journal of Economics, 25:3 467-487. Keywords: experiments, markets, posted offer, market power, numbers effects, mixed strategies. Abstract: Posted prices converge to competitive levels in the baseline treatment, whereas prices rise dramatically when a concentration of production capacity creates market power. A reduction in the number of sellers that does not alter market power has a small upward effect on prices. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1994) “Conspiracies and Secret Discounts: Initial Laboratory Results,” in Actas de las IX Jornadas de Economia Industrial, Madrid, Spain: Fundacion Empresa Publica, 103-107. Keywords: experiments, markets, posted offer, collusion, secret discounts. Abstract This paper reports initial results for posted offer auctions in which sellers collude while buyers are out of the room. Seller collusion is successful in posted offer markets, but collusive prices fall to near-competitive levels when buyers can request secret discounts that are not observed by other sellers. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1994) “The Virginia Senate Market,” University of Virginia, Discussion Paper. Keywords: experiments, markets, asset markets, political stock market, information. Abstract: A collection of political stock markets were run on the internet during the primaries and final election in the 1995 Virginia Senate race. The paper analyzes the relationship between market prices and developments in this colorful four-way race. Simple calculations based on primary and general election markets show that traders believed James Miller III would have a better chance than Ollie North of beating the Democratic incumbent, but Miller's stock traded at a lower price because of his lower chances of winning the Republican nomination. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1994) “The Effects of Discounting Opportunities in Laboratory Posted-Offer Markets,” Economics Letters, 44:3 249-253. Keywords: experiments, markets, posted offer, secret discounts. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1995) “An Examination of the Diamond Paradox: Initial Laboratory Results,” Actas de las X Jornadas de Economia Industrial, 67-70. Keywords: experiments, markets, posted offer, search, Diamond paradox. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1996) “List Prices and Discounts: The Interrelationship Between Consumer Shopping Patterns and Profitable Marketing Strategies,” Psychology and Marketing, 13(July), 341-363. Keywords: experiments, markets, posted offer, discounts, search. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1996) “Price Rigidities and Institutional Variations in Markets with Posted Prices,” Economic Theory, 9:1 63-80. Keywords: experiments, markets, posted offer, double auctions, discounts, demand shifts, market institutions. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1996) “Consumer Search Costs and Market Performance,” Economic Inquiry, 34(January), 1-29*. Keywords: experiments, markets, posted auction, search, search costs, Diamond paradox. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1996) “Markets with Posted Prices: Recent Results from the Laboratory,” Investigaciones Economicas, 20:3 291-320. Keywords: experiments, markets, posted offer, survey, search, collusion, discounts, demand shifts, market power. Abstract: This paper surveys the results of laboratory posted price experiments in with one or more modifications: market power, secret discounts, collusion, demand shocks, and advance production. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Arlington W. Williams (1997) “The Effects of Nonstationarities on Performance in Call Markets,”
Journal of Economic Behavior and Organization, 3239-54. Keywords: experiments, markets, call markets, nonstationarities. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1997) “Price Rigidities and Institutional Variations in Markets with Posted Prices,” Economic Theory, 963-80. Keywords: experiments, markets, posted offer, demand shifts, discounts, clearance sales. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1998) “Conspiracies and Secret Price Discounts,” Economic Journal, 108(May), 1-21*. Keywords: experiments, markets, posted offer, collusion, discounts, trade associations. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D. (1998) “The Effects of Collusion in Laboratory Experiments,” in Handbook of Experimental Economics Results, edited by C.R. Plott and V.L. Smith, New York: Elsevier Press, forthcoming. Keywords: experiments, markets, posted offer, double auction, survey, collusion, discounts. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and K Ramagopal (1998) “Demand Shocks, Advance Production and Market Power: Some Lessons about Markets from the Laboratory,” Managerial Decision and Economics, 19:4-5 (June-August), 205-223. Keywords: experiments, markets, posted offer, survey, demand shocks, advance production, market power. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Bart J. Wilson (1998) “Cost Savings and Market Power Exercise,” Economic Theory, forthcoming. Keywords: experiments, markets, mergers, market power, cost savings. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1999) “The Exercise of Market Power in Laboratory Experiments,” in Handbook of Experimental Economics Results, edited by C. R. Plott and V. L. Smith, New York: Elsevier Press, forthcoming. Keywords: experiments, markets, survey, posted offer, market power. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D. (1999) “Advance Production and Cournot Outcomes: An Experimental Investigations,” Journal of
Economic Behavior and Organization, 40:1 59-79. Keywords: experiments, markets, Cournot, advance production. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Robert J. Reilly (1999) “Multiple Buyers, Rent-Defending and the Observed Social Costs of Monopoly,” Pacific Economic Review, forthcoming. Keywords: experiments, markets, rent defending, monopoly. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Charles A. Holt (1999) “The Effects of Collusion in Laboratory Experiments,” in Handbook of Experimental Economics Results, edited by C. R. Plott and V. L. Smith, New York: Elsevier Press, forthcoming. Keywords: experiments, markets, survey, posted offer, collusion, discounts. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Bart J. Wilson (1999) “Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments,” in Handbook of Experimental Economics Results, edited by C. R. Plott and V. L. Smith, New York: Elsevier Press, forthcoming. Keywords: experiments, markets, survey, posted offer, market power. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., and Bart J. Wilson (1999) “An Experimental Investigation of Methods for Detecting Collusion,” Virginia Commonwealth University, Discussion Paper. Keywords: experiments, markets, collusion, antitrust, law and economics. Email Contact: ddavis@busnet.bus.vcu.edu

Davis, Douglas D., Robert J. Reilly, and Bart J. Wilson (1999) “Serially Undominated Strategies and Nash Play in Repeated Cournot Games: An Experimental Investigation,” Virginia Commonwealth University, Discussion Paper. Keywords: experiments, markets, Cournot, triopoly, dominated strategies. Abstract: The experiment consists of a comparison of Cournot triopoly markets with identical Nash equilibria. With random rematching each period, play converges more surely to the Nash outcome in a treatment where that outcome can be deduced by iterated elimination of dominated strategies. There is more variability of choice in the other treatment where iterated elimination of dominant strategies has less cutting power. Other explanations are discussed, e.g. the costs of unilateral deviations from Nash are greater in the treatment with a unique serially undominated outcome. Email Contact: ddavis@busnet.bus.vcu.edu

DeJong, Douglas V., Robert Forsythe, Russell Ludholm, and Susan Watts (1992) “Do Prices Convey Information? Further Empirical Evidence,” in Research in Experimental Economics, Vol. 5, edited by R. M. Isaac, Greenwich, Conn.: JAI Press, 61-79. Keywords: experiments, markets, asset markets, information, methodology, computerization, oral double auction, computerized double auction, rational expectations. Abstract This paper examines the extent to which prices convey information to uninformed traders in a rational expectations equilibrium. The rational expectations predictions were reasonable accurate relative to some alternatives, although convergence was slower in computerized markets that conceal information about traders' identities, etc. Email Contact: dejong@blue.weeg.uiowa.edu

DeJong, Douglas V., Robert Forsythe, J. Schatzberg, and Wilfred C. Uecker (1996) “The Effects for Collusion on the Moral Hazard Problem: A Laboratory Investigation,” in Research in Experimental Economics, Vol. 6, edited by R. M. Isaac, Greenwich, Conn.: JAI Press, 1-51. Keywords: experiments, markets, collusion, moral hazard. Email Contact: dejong@blue.weeg.uiowa.edu

Dolbear Jr., F.T., Lester Lave, G. Bowman, A. Lieberman, Edward Prescott, F. Reuter, and Roger Sherman (1968) “Collusion in Oligopoly: An Experiment on the Effect of Numbers and Information,” Quarterly Journal of Economics, 82(May), 240-259. Keywords: experiments, markets, price competition, product differentiation, numbers effects, information, rivalistic behavior. Abstract: Payoffs depend on a subject's own price and on the average of others' prices, calculated in a manner that reflects product differentiation, with incentives that are independent of the number of sellers. Prices exceed Nash equilibrium levels for duopolies, but not for groups of four and sixteen sellers. Email Contact: rs5w@virginia.edu

Dopuch, Nick, Ronald R. King, and Rachel Schwartz (1998) “An Experimental Investigation of Rotation and Retention Requirements,” Washington University, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, markets. Email Contact: schwartz@simon.wust1.edu

Doughety, Andrew F., and Robert Forsythe (1987) “Industry-Wide Regulation and the Formation of Reputatons: A Laboratory Analysis,” in Public Regulation: New Perspectives on Institutions and Perspectives, edited by E. Bailey, Cambridge, Mass.: MIT Press, 347-398. Keywords: experiments, markets, regulation, reputations. Email

Dufwenberg, Martin, and Uri Gneezy (1999) “Information Feedback in Price Competition,” Stockholm University, presented at the Fall 1999 European Regional ESA Meetings, Keywords: experiments, markets, duopoly, Bertrand competition, random matching, repetition, strangers versus partners, information, rationality, evolution, learning. Abstract: This paper reports results of homogeneous product duopoly pricing experiments. Prices are higher with repeated play than with random matching. Providing information about previous unsuccessful high prices facilitates some tacit collusion in the random matching protocol, which is much less prevalent when such information is not provided. Email Contact: md@ne.su.se

Dufwenberg, Martin, and Uri Gneezy (2000) “Price Competition and Market Concentration: An Experimental Study,” International Journal of Industrial Organization, 18:1 (January), 7-22. Keywords: experiments, markets, Bertrand competition, bounded rationality, numbers effects. Abstract: In Bertrand price-choice experiments, prices stay above marginal cost with two sellers, but fall toward the Nash/Bertrand prediction with 3 or 4 seller groups. A model of bounded rationality with a crazy player formulation is roughly consistent with the observed behavior patterns. Email Contact: martin.dufwenberg@nek.uu.se

Duh, Rong Ruey, and Shyam Sunder (1986) “Incentives, Learning, and Processing of Information in a Market Environment: An Examination of the Base-Rate Fallacy,” in Laboratory Market Research, edited by S. Moriarty, Norman, Ok.: University of Oklahoma, Center for Economic and Management Research, . Keywords: experiments, markets, asset markets, probability judgement, base-rate fallacy, Bayes' rule. Email Contact: shyam.sunder@yale.edu

Duh, Rong Ruey, and Shyam Sunder (1994) “Economic Agents as Intuitive Bayesians: Experimental Evidence,” Cuadernos Economicos, 54101-128. Keywords: experiments, markets, asset markets, probability judgement, base-rate fallacy, Bayes' rule. Email Contact: shyam.sunder@yale.edu

Easley, David, and John O. Ledyard (1993) “Theories of Price Formation and Exchange in Double Oral Auctions,” in The Double Auction Market: Institutions, Theories, and Evidence, edited by D. Friedman and J. Rust, Reading Mass.: Addison-Wesley, 253-283. Keywords: experiments, markets, double auction, price formation. Email Contact: jledyard@hss.caltech.edu

Fackler, P. L., and K. McNew (1998) “Experimental Markets Using the Electronic Market Place (EMP),” Journal of Aggregate Applied Economics, 30:1 (July), 151-162. Keywords: experiments, markets, computerized trading.

Falk, Armin, and Ernst Fehr (1999) “Fairness and Unemployment,” University of Zurich, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, markets, labor markets, fairness, unemployment. Abstract: Subjects acting as firms in this experiment incur a wage-offer cost when an offer is made to a worker, whether or not the offer is accepted. With a declining marginal product of labor, firms tend to reduce employment in order to be able to offer higher wages, which in turn are more likely to be accepted by the workers concerned with fairness and average product considerations. Email Contact: falk@iew.unizh.ch

Fehr, Ernst, Georg Kirchsteiger, and Arno Riedl (1993) “Does Fairness Prevent Market Clearing? An Experimental Investigation,” Quarterly Journal of Economics, 108:2 (May), 437-459. Keywords: experiments, markets, fairness, reciprocity. Email Contact: fehr@iew.unizh.ch

Fehr, Ernst, Georg Kirchsteiger, and Arno Riedl (1998) “Gift Exchange and Reciprocity in Competitive Experimental Markets,” European Economic Review, 42:1 1-34. Keywords: experiments, markets, reciprocity. Email Contact: fehr@iew.unizh.ch

Fehr, Ernst, and Simon Gächter (1999) “Do Economic Incentives Destroy Voluntary Cooperation?,” University of Zurich, Discussion Paper, presented at the Summer 1999 ESA Meetings. Keywords: experiments, markets, reciprocity, incentives, cooperation, incentive contracts, psychology. Email Contact: fehr@iew.unizh.ch

Fehr, Ernst, and Klaus M. Schmidt (1999) “Fairness, Incentives, and Contractual Choices,” European Economic Review, forthcoming. Keywords: experiments, markets, fairness, reciprocity, contracts, incentives. Abstract: Experimental evidence indicates that employers prefer more incomplete contracts, which can be explained by fairness concerns. Email Contact: fehr@iew.unizh.ch

Fehr, Ernst, and Armin Falk (1999) “Wage Rigidity in a Competitive Incomplete Contract Market,” Journal of Political Economy, 107:1 (February), 106-134. Keywords: experiments, markets, labor markets, incentives, contracts, wages. Abstract: Unemployment causes subjects in worker roles to underbid current wages, but employers do not accept these low bids because post-employment work effort is an increasing function of wage (when effort cannot be pre-specified and monitored). Email Contact: fehr@iew.unizh.ch

Feinberg, Robert, and Roger Sherman (1985) “An Experimental Investigation of Mutual Forbearance by Conglomerate Firms,” in Industry Structure and Performance, edited by Schwalbach, Berlin: Verlag, 139-166. Keywords: experiments, markets, mutual forbearance. Email Contact: rs5w@virginia.edu

Feinberg, Robert, and Roger Sherman (1988) “Mutual Forbearance Under Experimental Conditions,” Southern Economic Journal, 54985-993. Keywords: experiments, markets, mutual forbearance. Email Contact: rs5w@virginia.edu

Feinberg, Robert M., and Thomas A. Husted (1993) “An Experimental Test of Discount-Rate Effects on Collusive Behavior in Duopoly Markets,” Journal of Industrial Economics, 41:2 (June), 153-160. Keywords: experiments, markets, discount rates, trigger price strategies.

Flood, M., R. Huisman, K. Koedijk, and R. Mahieu (1999) “Quote Disclosure and Price Discovery in Multiple Dealer Financial Markets,” Review of Financial Studies, 1237-59. Keywords: experiments, markets, asset markets, continuous double auctions, quote information, transparency, dealers, professionals as subjects, methodology.

Forsythe, Robert, Thomas R. Palfrey, and Charles R. Plott (1982) “Asset Valuation in an Experimental Market,” Econometrica, 50:3 (May), 537-568. Keywords: experiments, markets, asset markets, rational expectations. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, Thomas R. Palfrey, and Charles R. Plott (1984) “Futures Markets and Informational Efficiency: A Laboratory Examination,” Journal of Finance, 39(September), 955-981*. Keywords: experiments, markets, asset markets, information. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert (1986) “An Application of Laboratory Markets in Testing Theories of Resource Allocation Under Uncertainty,” in The Handbook of Behavioral Economics, edited by A. B. Gilad and S. Kaish, Greenwich, Conn.: JAI Press, 19-62. Keywords: experiments, markets, uncertainty. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, R. Mark Isaac, and Thomas R. Palfrey (1989) “Theories and Tests of "Blind Bidding" in Sealed-Bid Auctions,” Rand Journal of Economics, 20:2 (Summer), 214-238. Keywords: experiments, markets, blind bidding, information. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, Forrest Nelson, George R. Neumann, and Jack Wright (1991) “The Explanation and Prediction of Presidential Elections: A Market Alternative to Polls,” in Laboratory Research in Political Economy, edited by T. R. Palfrey, Ann Arbor: University of Michigan Press, 69-112. Keywords: experiments, markets, asset markets, political stock markets, information aggregation. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, Robert Nelson, George Neumann, and Jack Wright (1991) “The Iowa Presidential Stock Market: A Field Experiment,” in Research in Experimental Economics, Vol. 4, edited by R. M. Isaac, Greenwich, Conn.: JAI Press, 1-43. Keywords: experiments, markets, asset markets, double auction, political stock market, Iowa Presidential Stock Market, polls, efficiency, information. Abstract This paper describes the 1988 Iowa Presidential Stock Market. Price movements are compared with shifts in the polls. The stock prices "called" the outcome relatively early and showed less volatility than the major polls. Markets seemed to be relatively efficient mechanisms for aggregating information. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, Forrest Nelson, George R. Neumann, and Jack Wright (1991) “Forecasting the 1988 Presidential Election: A Field Experiment,” in Research in Experimental Economics, Vol. 4, Greenwich, Conn.: JAI Press, 1-44. Keywords: experiments, markets, asset markets, political stock markets. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, Forrest Nelson, George R. Neumann, and Jack Wright (1992) “Anatomy of an Experimental Political Stock Market,” American Economic Review, 82:5 (December), 1142-1161. Keywords: experiments, markets, information aggregation, political stock markets. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, Forrest Nelson, George R. Neumann, and Jack Wright (1994) “The 1992 Iowa Political Stock Market: September Forecasts,” The Political Methodologist, 515-19. Keywords: experiments, markets, information aggregation, political stock markets, forecasts. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, M. Frank, V. Krishnamurthy, and Thomas W. Ross (1995) “Using Market Prices to Predict Election Results: The 1993 UBC Election Stock Market,” Canadian Journal of Economics, 28:4 (November), 770-793. Keywords: experiments, markets, asset markets, political stock markets, information aggregation. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, M. Frank, V. Krishnamurthy, and Thomas W. Ross (1998) “Markets as Predictors of Election Outcomes: Campaign Events and Judgement Bias in the 1993 UBC Election Stock Market,” Canadian Journal of Public Policy, 24239-251. Keywords: experiments, markets, asset markets, political markets, elections, judgement bias. Email Contact: robert_forsythe@uiowa.edu

Forsythe, Robert, Russell Ludholm, and Thomas Rietz (1999) “Cheap Talk, Fraud and Adverse Selection in Financial Markets: Some Experimental Evidence,” Review of Financial Studies, 12481-518. Keywords: experiments, markets, asset markets, cheap talk, adverse selection. Email Contact: robert_forsythe@uiowa.edu

Fouraker, Lawrence E., and Sidney Siegel (1963) Bargaining Behavior, New York: McGraw Hill. Keywords: experiments, markets.

Franciosi, Robert, R. Mark Isaac, D. Pringry, and Stanley S. Reynolds (1993) “An Experimental Investigation of the Hahn-Noll Revenue Neutral Auction for Emissions Licenses,” Journal of Environmental Economics and Management, 241-24. Keywords: experiments, markets, pollution permits, emissions permits, auctions, Hahn-Noll auction, revenue neutral.

Franciosi, Robert (1995) “Fairness: Effect on Temporary and Equilibrium Prices in Posted-Offer Markets,” Economic Journal, 105:431 (July), 938-950. Keywords: experiments, markets, posted offer, fairness.

Franciosi, Robert, R. Mark Isaac, and Stanley S. Reynolds (1999) “Experimental Research on the EPA's `Two-Tier' System for Marketable Emissions Permits,” in Research in Experimental Economics, Volume 7, Emissions Permit Experiments, edited by R. M. Isaac and C. A. Holt, Stamford, Conn.: JAI Press, . Keywords: experiments, markets, pollution permits, emissions permits, auctions. Email

Friedman, James W. (1963) “Individual Behavior in Oligopolistic Markets: An Experimental Study,” Yale Economic Essays, 3359-417. Keywords: experiments, markets, oligopoly. Email Contact: friedman@email.unc.edu

Friedman, James W. (1967) “An Experimental Study of Cooperative Duopoly,” Econometrica, 35:3-4 (July-October), 379-397. Keywords: experiments, markets, duopoly, cooperation. Email Contact: friedman@email.unc.edu

Friedman, James W. (1969) “On Experimental Research in Oligopoly,” Review of Economic Studies, 36:4/108 (October), 399-415. Keywords: experiments, markets, oligopoly. Email Contact: friedman@email.unc.edu

Friedman, James W. (1970) “Equal Profits as Fair Division,” in Contributions to Experimental Economics, edited by Heinz Sauermann, Tubingen, Germany: J.C.B. Mohr(Paul Siebeck), 19-32. Keywords: experiments, markets, fairness. Email Contact: friedman@email.unc.edu

Friedman, James W. (1972) “On the Structure of Oligopoly Models with Differentiated Products,” in Contributions to Experimental Economics, Vol. 3, edited by Heinz Sauermann, Tubingen: J. C. B. Mohr, 28-63. Keywords: experiments, markets, product differentiation. Email

Friedman, James W., and Austin C. Hoggatt (1980) An Experiment in Noncooperative Oligopoly, Greenwich, Conn.: JAI Press. Keywords: experiments, markets, oligopoly, monopoly, computerized experiments. Email Contact: friedman@email.unc.edu

Friedman, Daniel (1982) “Price Formation in Double Auction Markets,” University of California, Discussion Paper. Keywords: experiments, markets, double auction, price formation. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel, Glenn Harrison, and Jon Salmon (1983) “The Informational Role of Futures Markets and Learning Behavior: Some Experimental Evidence,” in Futures Markets: Modeling, Managing, and Monitoring Futures Trading, edited by Manfred Streit, Oxford: Basil Blackwell, . Keywords: experiments, markets, futures markets, information, learning. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel (1984) “On the Efficiency of Experimental Double Auction Markets,” American Economic Review, 74:1 (March), 60-72. Keywords: experiments, markets, double auction, efficiency, price formation. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel, Glenn W. Harrison, and Jon W. Salmon (1984) “The Informational Efficiency of Experimental Asset Markets,” Journal of Political Economy, 92:3 (June), 349-408. Keywords: experiments, markets, asset markets, market efficiency. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel (1991) “A Simple Testable Model of Double Auction Markets,” Journal of Economic Behavior and Organization, 15*:1 (January), 47-70. Keywords: experiments, markets, double auction, price formation. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel (1993) “Privileged Traders and Market Efficiency: A Laboratory Study,” Journal of Financial and Quantitative Analysis, 28515-534. Keywords: experiments, markets, asset markets. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel, and John Rust, eds. (1993) The Double Auction Market: Institutions, Theories, and Evidence,
Reading, Mass.: Addison-Wesley. Keywords: experiments, markets, double auctions. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel (1993) “How Trading Institutions Affect Financial Market Performance: Some Laboratory Evidence,” Economic Inquiry, 31(July), 410-435. Keywords: experiments, markets, asset markets, institutions. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel, and Joseph Ostroy (1995) “Competitivity in Auction Markets: An Experimental and Theoretical Investigation,” Economic Journal, 105:428 (January), 22-53. Keywords: experiments, markets, call markets, price formation. Email Contact: dan@cats.ucsc.edu

Friedman, Daniel (1995) “How Trading Institutions Affect Financial Market Performance: Some Laboratory Evidence,” Economic Inquiry, 31:3 (July), 410-435. Keywords: experiments, markets, asset markets, institutions. Email Contact: dan@cats.ucsc.edu

Ganguly, Amanda R., John H. Kagel, and Donald V. Moser (1998) “Do Asset Market Prices Reflect Traders' Judgment Biases?,” University of Pittsburgh, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, markets, asset markets, judgement biases, Bayes' rule, base rate fallacy. Abstract: Subjects are provided with prior and sample information about asset dividends, and probabilities are elicited before asset market trading. The base rate fallacy (ignoring the prior probabilities) persists in the market when the base-rate-fallacy traders have higher expected dividend values than those of Bayesian traders. Email Contact: kagel+@pitt.edu

Gillette, Anne B., Douglas E. Stevens, Susan G. Watts, and Williams Arlington W. (1999) “Price and Volume Reactions to Public Information Releases: An Experimental Approach Incorporating Traders' Subjective Beliefs,” ***, forthcoming. Keywords: experiments, markets, asset markets, information, price formation, public information, call markets, double auction markets, rational expectations, elicitation, forecasts, no-trade theorem. Abstract: Call market and double auctions with long-lived assets are used to study individual forecast and trading decisions. Each asset share paid a dividend at the end of period 15 that was the sum of five random draws that are publicly revealed at pre-announced intervals between trading periods. Trade seems to be motivated by differential processing of public information and by short term speculation.` Email Contact: agillette@gsu.edu

Gjerstad, Steven, and Jason Shachat (1996) “`Zero-Intelligence Traders' and Individual Rationality,” UCSD, Discussion Paper. Keywords: experiments, markets, double auction, zero-intelligence traders, ZI, efficiency, computer simulation. Abstract: The paper shows that efficient outcomes in simulated double auctions with `zero-intelligence' traders are due to a rationality constraint that is typically imposed in the simulations. Email Contact: gjerstad@us.ibm.com

Gjerstad, Steven, and John Dickhaut (1998) “Price Formation in Double Auctions,” Games and Economic Behavior, 22:1 (January), 1-29. Keywords: experiments, markets, double auction, price formation. Email Contact: gjerstad@us.ibm.com

Gjerstad, Steven, Arlington W. Williams, Vernon L. Smith, and John Ledyard (2000) “Concurrent Trading in Two Concurrent Markets with Demand Interdependence,” Economic Theory, forthcoming. Keywords: experiments, markets, double auction, multiple markets. Email Contact: gjerstad@us.ibm.com

Godby, Robert (1999) “Market Power in Emission Permit Double Auctions,” in Research in Experimental Economics, Volume 7, Emission Permit Experiments, edited by R. M. Isaac and C. A. Holt, Stamford, Conn.: JAI Press, 121-162. Keywords: experiments, markets, market power, emissions permits, pollution permits, externalities, double auctions, counterspeculation, efficiency. Email Contact: rgodby@uwyo.edu

Godby, Robert, Stuart Mestelman, and R. Andrew Muller (1999) “Can Auctions Control Market Power?,” University of Wyoming, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, double auction, market power, trading institutions, uniform price sealed bid call auction, emissions trading. Email Contact: rgodby@uwyo.edu

Godby, Robert W., Stewart Mestelman, and R. Andrew Muller (1999) “Experimental Tests of Market Power in Emissions Trading Markets,” in Environmental Regulation and Market Structure, edited by E. Petrakis, E. Sartzetakis and A. Xepapadeas, Cheltenham, U. K.: Edward Elgar, forthcoming. Keywords: experiments, markets, emissions permits, market power. Email Contact: rgodby@uwyo.edu

Gode, Dhananjay K., and Shyam Sunder (1993) “Allocative Efficiency of Markets with Zero-Intelligence Traders: Markets as a Partial Substitute for Individual Rationality,” Journal of Political Economy, 101:1 (February), 119-137. Keywords: experiments, markets, computer simulation, zero intelligence traders, efficiency. Email Contact: gode@mail.ssb.rochester.edu

Gode, Dhananjay K., and Shyam Sunder (1993) “Lower Bounds for Efficiency of Surplus Extraction in Double Auctions,” in The Double Auction Market: Institutions, Theories, and Evidence, edited by D. Friedman and J. Rust, New York: Addison-Wesley, 199-219. Keywords: experiments, markets, double auctions, efficiency. Email Contact: gode@mail.ssb.rochester.edu

Gode, Dhananjay K., and Shyam Sunder (1994) “Human and Artificially Intelligent Traders in a Double Auction Market: Experimental Evidence,” in Computational Organization Theory, edited by Kathleen Carley and Michael Prietula, Hillside, N. J.: Lawrence Erlbaum Associates, 241-262. Keywords: experiments, markets, double auctions, efficiency, zero intelligence traders, simulations. Email Contact: gode@mail.ssb.rochester.edu

Gode, Dhananjay K., and Shyam Sunder (1997) “What Makes Markets Allocationally Efficient?,” Quarterly Journal of Economics, 112(May), . Keywords: experiments, markets, efficiency. Email Contact: gode@mail.ssb.rochester.edu

Gode, Dhananjay K., and Shyam Sunder (1997) “Double Auction Dynamics: Structural Consequences of Non-Binding Price Controls,” Carnegie-Mellon University, Discussion Paper. Keywords: experiments, markets, non-binding price controls, zero-intelligent traders, computer simulations. Email Contact: gode@mail.ssb.rochester.edu

Goeree, Jacob K., Rosario Gomez, and Charles A. Holt (1999) “Predatory Pricing: Rare Like a Unicorn?,” in Handbook of Experimental Economics Results, edited by C. R. Plott and V. L. Smith, New York: Elsivier Press, forthcoming. Keywords: experiments, markets, survey, predatory pricing. Abstract The paper surveys the diverse results of laboratory market experiments that investigate predatory pricing. Email Contact: jg2n@virginia.edu

Goeree, Jacob K., and Rosario Gomez (1999) “Predatory Pricing in the Laboratory,” University of Virginia, Discussion Paper, presented at the Spring 1999 Public Choice Meetings. Keywords: experiments, markets, predatory pricing, entry, multiple markets, asymmetric information. Abstract: Predatory pricing is observed in some market experiments with asymmetric information and in which entry and exit decisions are made prior to price choices. Email Contact: jg2n@virginia.edu

Goodfellow, Jessica, and Charles R. Plott (1990) “An Experimental Examination of the Simultaneous Determination of Input Prices and Output Prices,” Southern Economic Journal, 56:4 (April), 969-983. Keywords: experiments, markets, double auction, vertical relationship. Email Contact: cplott@hss.caltech.edu

Gray, Peter, and Charles R. Plott (1990) “The Multiple Unit Double Auction,” Journal of Economic Behavior and Organization, 13245-258. Keywords: experiments, markets, double auction, MUDA, computerized trading, software. Email Contact: cplott@hss.caltech.edu

Grether, David M., and Louis L. Wilde (1983) “Consumer Choice and Information: New Experimental Evidence,” Information Economics and Policy, 11-29. Keywords: experiments, markets, information. Email Contact: dmg@doxie.caltech.edu

Grether, David M., and Louis L. Wilde (1983) “Consumer Choice and Information: New Experimental Evidence on Information Overload Hypothesis,” Information Economics and Policy, 11-29. Keywords: experiments, markets, information. Email Contact: dmg@doxie.caltech.edu

Grether, David M., and Charles R. Plott (1984) “The Effects of Market Practices in Oligopolistic Markets: An Experimental Examination of the Ethyl Case,” Economic Inquiry, 22(October), 479-507. Keywords: experiments, markets, posted prices, contracts, most-favored-nation, meet-or-release, advance notice of price increases, delivered pricing. Email Contact: dmg@doxie.caltech.edu

Grether, David M., Alan Schwartz, and Louis L. Wilde (1988) “Uncertainty and Shopping Behaviour: An Experimental Analysis,” Review of Economic Studies, 55:2 (April), 323-342. Keywords: experiments, markets, information, search, consumer decisions. Email Contact: dmg@doxie.caltech.edu

Grether, David M., Alan Schwartz, and Louis L. Wilde (1992) “Price, Quality, and Timing of Moves in Markets with Incomplete Information: An Experimental Analysis,” Economic Journal, 102:413 (July), 754-771. Keywords: experiments, markets, quality, institutions, information. Email Contact: dmg@doxie.caltech.edu

Guler, Kemal, and Charles R. Plott (1988) “Private R&D and Second Sourcing in Procurement: An Experimental Study,” California Institute of Technology, Keywords: experiments, markets, research and development, second sourcing.

Güth, Werner, Peter Ockenfels, and K. Ritzberger (1995) “On Durable Goods Monopolies: An Experimental Study of Intrapersonal Price Competition and Price Discrimination over Time,” Journal of Economic Psychology, 16:2 247-274. Keywords: experiments, markets, monopoly, price discrimination, durable goods. Email Contact: gueth@wiwi.hu-berlin.de

Hahn, Robert W., and Mark V. Van Boening (1990) “An Experimental Examination of Spot Markets for Electricity,” Economic Journal, 100:403 (December), 1073-1094. Keywords: experiments, markets, deregulation, institutions.

Hannman, Lynn, John H. Kagel, and Donald V. Moser (1999) “Gift Exchange in Experimental Labor Markets: Impact of Subject Participation, Productivity Differences and Posted Effort on Behavior,” University of Pittsburgh, Discussion Paper, presented at the Spring 1999 Public Choice Meeting. Keywords: experiments, markets, labor markets, reciprocity.

Harrison, Glenn W., Michael McKee, and E. Elisabet Rutström (1981) “Experimental Evaluation of Institutions of Monopoly Restraint,” in Advances in Behavioral Economics, edited by L. Green and J. Kagel, Norwood, N.J.: Ablex, . Keywords: experiments, markets, monopoly, contestability, regulation. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W., and Michael McKee (1985) “Monopoly Behavior, Decentralized Regulation, and Contestable Markets: An Experimental Evaluation,” Rand Journal of Economics, 16(Spring), 51-69. Keywords: experiments, markets, monopoly, regulation, contestable markets. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1986) “Experimental Evaluation of the Contestable Markets Hypothesis,” in Public Regulation, edited by E. Bailey, Cambridge, Mass: MIT Press, . Keywords: experiments, markets, monopoly, contestable markets. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1986) “Experimental Futures Markets,” in Futures Markets: Their Establishment and Performance, edited by B. A. Goss, London: Croom Helm, 43-76. Keywords: experiments, markets, futures markets. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1987) “Experimental Evaluation of the Contestable Markets Hypothesis,” in Public Regulation: New Perspectives on Institutions and Policies, edited by E.E. Bailey, Cambridge, Mass.: MIT Press, . Keywords: experiments, markets, monopoly, contestable markets, contestability. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1988) “Predatory Pricing in a Multiple Market Experiment: A Note,” Journal of Economic Behavior and Organization, 9:4 (June), 405-417. Keywords: experiments, markets, monopoly, free entry, exit, predatory pricing, multiple markets. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W., Michael McKee, and E. Elisabet Rutström (1989) “Experimental Evaluation of Institutions of Monopoly Restraint,” in Advances in Behavioral Economics, Vol. 2, edited by L. Green and J. Kagel, Norwood, N.J.: Ablex Press, chapter 3, pages 54-94. Keywords: experiments, markets, monopoly, contestability, regulation. Email Contact: harrison@darla.badm.sc.edu

Harrison, Glenn W. (1992) “Market Dynamics, Programmed Traders and Futures Markets: Beginning the Laboratory Search for a Smoking Gun,” Economic Record, Supplement46-62. Keywords: experiments, markets, asset markets, programmed traders, price formation, speculation, bubbles. Email Contact: harrison@darla.badm.sc.edu

Hess, Alan C. (1972) “Experimental Evidence on Price Formation in Competitive Markets,” Journal of Political Economy, 80:2 (March-April), 375-385. Keywords: experiments, markets, price formation.

Hey, John D. (1993) “New Experiments in Industrial Organization,” Empirica, 20:1 81-99. Keywords: experiments,
markets, industrial organization. Email Contact: jdh1@york.ac.uk

Hizen, Yoichi (1999) “Designing GHG Emissions Trading Institutions in the Kyoto Protocol: An Experimental Approach,” Osaka University, Discussion Paper, presented at the Spring 1999 Public Choice Meetings. Keywords: experiments, markets, trading emissions permits.

Hoffman, Elizabeth, and Charles R. Plott (1981) “The Effect of Intertemporal Speculation on the Outcomes in Seller Posted Offer Auction Markets,” Quarterly Journal of Economics, 96:2 (May), 223-241. Keywords: experiments, markets, posted offer, multiple markets, speculation. Email Contact: ehoffman@uic.edu

Hoggatt, Austin C. (1959) “An Experimental Business Game,” Behavioral Science, 4(July), 192-203. Keywords: experiments, markets.

Hoggatt, Austin C. (1967) “Measuring the Cooperativeness of Behavior in Quantity Variation Duopoly Games,” Behavioral
Science, 12(March), 109-121. Keywords: experiments, markets, Cournot, cooperation.

Hoggatt, Austin C., James W. Friedman, and Shlomo Gill (1976) “Price Signaling in Experimental Oligopoly,” American
Economic Review, 66:2 (May), 261-266. Keywords: experiments, markets, oligopoly, cooperation, price signaling.

Holcomb, J. H., and D. A. Evans (1987) “The Effect of Sunk Costs on Uncertain Decisions in Experimental Markets,” Journal of Behavioral Economics, 16:3 (Fall), 59-66. Keywords: experiments, markets, sunk costs.

Holt, Charles A. (1985) “An Experimental Test of the Consistent-Conjectures Hypothesis,” American Economic Review, 75:3 (June), 314-325. Keywords: experiments, markets, Cournot market, consistent conjectures, conjectural variations, one shot games, random termination. Abstract: The Cournot experiments show that behavior does not converge to the consistent-conjectures prediction (of price equals marginal cost in this linear setup). Email Contact: holt@virginia.edu

Holt, Charles A., and Anne Villamil (1986) “A Laboratory Experiment with a Single-Person Cobweb,” Atlantic Economic Journal, 14:2 (July), 51-54. Keywords: experiments, markets, forecasts, cobweb model, Cournot. Abstract: The paper reports an experiment in which a single person's expectations generated a counter-clockwise cobweb. Email Contact: holt@virginia.edu

Holt, Charles A., Loren Langan, and Anne Villamil (1986) “Market Power in Oral Double Auctions,” Economic Inquiry, 24(January), 107-123. Keywords: experiments, markets, double auction, market power, price formation. Abstract: Asymmetric market power drives prices away from Walrasian predictions in about half of the double auction markets, but prices converged to competitive predictions despite the market power in the other markets. Email Contact: holt@virginia.edu, avillamil@uiuc.edu

Holt, Charles A., and Roger Sherman (1986) “Quality Uncertainty and Bundling,” in Empirical Approaches to Consumer Protection Economics, edited by P. M. Ippolito and D. T. Scheffman, Washington, D.C.: Bureau of Economics, Federal Trade Association, 221-250. Keywords: experiments, markets, asymmetric information, bundling, quality. Abstract This paper investigates the performance of laboratory markets in which sellers can sell units in bundles. Email Contact: holt@virginia.edu

Holt, Charles A. (1986) “Discussant's Comments on: Incentives, Learning, and Processing of Information in a Market
Environment: An Examination of the Base-Rate Fallacy,” in Laboratory Market Research, edited by S. Moriarity, Norman, Ok.: University of Oklahoma, 80-85. Keywords: experiments, markets, asset markets, Bayes' rule, base rate bias, risk aversion. Email Contact: holt@virginia.edu

Holt, Charles A., and David Scheffman (1987) “Facilitating Practices: The Effects of Advance Notice and Best-Price Policies,” RAND Journal of Economics, 18:2 187-197. Keywords: experiments, markets, market power, discounts, best price provisions, advance notice, meet or release, most favored customer, contracts, facilitating practices. Abstract: A theoretical explanation for the Grether and Plott (1984) facilitating practice experiments is developed. The analysis focuses on anti-competitive effects of best-customer clauses and advance notice of price increases. The analysis shows why the practices may raise prices to Cournot (Nash in quantities) levels but not to perfectly collusive levels, as argued by some at the Federal Trade Commission. Email Contact: holt@virginia.edu

Holt, Charles A. (1989) “The Exercise of Market Power in Laboratory Experiments,” Journal of Law and Economics, 32:2, pt. 2 (October), S107-S131. Keywords: experiments, markets, market power, mergers. Abstract: Alternative definitions of market power are discussed, with reference to experimental results and legal implications. Email Contact: holt@virginia.edu

Holt, Charles A., and Roger Sherman (1990) “Advertising and Product Quality in Posted-Offer Experiments,” Economic Inquiry, 28:3 (January), 39-56. Keywords: experiments, markets, asymmetric information, lemons markets, quality, advertising. Abstract: The experimental markets with asymmetric information allow an analysis of professional association rules that prohibit price and or quality advertising. Email Contact: holt@virginia.edu

Holt, Charles A. (1995) “Industrial Organization: A Survey of Laboratory Results,” in Handbook of Experimental Economics, edited by J. Kagel and A. Roth, Princeton, N.J.: Princeton University Press, 349-443. Keywords: experiments, markets, industrial organization, Cournot, double auction, posted offer auction, quality, market power, asymmetric information, survey. Abstract This paper surveys the large literature on industrial organization experiments. Email Contact: holt@virginia.edu

Hong, James T., and Charles R. Plott (1982) “Rate Filing Policies for Inland Water Transportation: An Experimental Approach,” The Bell Journal of Economics, 13(Spring), 1-19. Keywords: experiments, markets, posted prices, regulation, efficiency, institutions.

Howitt, Richard, and James J. Murphy (1998) “The Role of Experimental Demands in a Water Market; Using Experimental Economics to Address Environmental Issues,” University of California at Davis, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, markets, water rights, environmental economics, uniform price double auction. Abstract: The paper uses experiments to evaluate the effects of alternative trading institutions on allocations of water rights. A computer assisted uniform-price double auction provided efficient allocations in the settings considered. Email Contact: murphy@econlab.arizona.edu

Hsia, David W. (1998) “Application of Experience Weighted Attraction Learning Model to Single Call Markets,” University
of Southern California, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, markets, learning, experience weighted attraction, call markets. Email Contact: dhsia@rcf.usc.edu

Huck, Steffen, Hans-Theo Norman, and Jörg Oechssler (1998) “Stability of the Cournot Process: Experimental Evidence,” Humboldt University, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, markets, Cournot, stability, best reply, imitation, bounded rationality. Abstract: The Cournot best-reply process predicts explosive behavior in a 4-firm oligopoly where observed behavior is not explosive. A dynamic adjustment rule that incorporates both imitation and best-reply dynamics is proposed. Email Contact: huck@wiwi.hu-berlin.de, oechssler@uni-bonn.de

Huck, Steffen, Wieland Muller, and Hans Normann (1999) “Stackelberg Beats Cournot -- On Collusion and Efficiency in Experimental Markets,” Humboldt University of Berlin, Discussion Paper, presented at the Spring 1999 Public Choice Meetings. Keywords: experiments, markets, game theory, collusion, Stackelberg, Cournot. Email Contact: huck@wiwi.hu-berlin.de

Huck, Steffen, Hans-Theo Normann, and Jörg Oechssler (1999) “Learning in Cournot Oligopoly - An Experiment,” Economic Journal, 109:454 (March), C80-95. Keywords: experiments, markets, Cournot, learning, imitation, information, bounded rationality. Abstract: Some subjects imitate others in Cournot markets when they have the information needed to discern others' earnings. Since high outputs yield relatively high earnings in a Cournot market, this imitation tends to make markets more competitive. Email Contact: normann@wiwi.hu-berlin.de, oechssler@uni-bonn.de

Huck, Steffen, Hans-Theo Normann, and Jörg Oechssler (2000) “Does Information About Competitors' Actions Increase or Decrease Competition in Experimental Oligopoly Markets?,” International Journal of Industrial Organization, 18:1 (January), 39-57. Keywords: experiments, markets, matrix games, strategic substitutes and complements, information effects. Abstract: Evidence from Bertrand and Cournot type experiments indicates that more information about others' actions does not promote tacit collusion. There is some tendency for subjects with good information to imitate actions that earned high payoffs, which tends to make the outcomes more competitive. Email Contact: normann@wiwi.hu-berlin.de, oechssler@uni-bonn.de

Isaac, R. Mark, and Charles R. Plott (1981) “The Opportunity for Conspiracy in Restraint of Trade,” Journal of Economic Behavior and Organization, 21-30. Keywords: experiments, markets, double auction, conspiracy. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark, and Charles R. Plott (1981) “Price Controls and the Behavior of Auction Markets: An Experimental Examination,” American Economic Review, 71:3 (June), 448-459. Keywords: experiments, markets, double auctions, price controls, non-binding price controls. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark, Valerie Ramey, and Arlington W. Williams (1984) “The Effects of Market Organization on Conspiracies in Restraint of Trade,” Journal of Economic Behavior and Organization, 5191-222. Keywords: experiments, markets, double auction, posted offer, conspiracy, institutions. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark, and Vernon L. Smith (1985) “In Search of Predatory Pricing,” Journal of Political Economy, 93(June), 320-345. Keywords: experiments, markets, predatory pricing. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark, and Stanley S. Reynolds (1988) “Appropriablility and Market Structure in a Stochastic Invention
Model,” Quarterly Journal of Economics, 103:4 (November), 647-671. Keywords: experiments, markets, innovation, market structure, research and development. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark, and Stanley S. Reynolds (1992) “Schumpeterian Competition in Experimental Markets,” Journal of Economic Behavior and Organization, 17:1 59-100. Keywords: experiments, markets, Schumpeter. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark, and Stanley Reynolds (1992) “Stochastic Innovation and Product Market Organization,” Economic Theory, **. Keywords: experiments, markets, innovation. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark (1996) “Vernon Smith: An Appreciation,” in American Economists in the Late Twentieth Century, edited by W. J. Samuels, Northampton, Mass.: Edward Elgar, . Keywords: experiments, markets, Vernon Smith. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark (1998) “The Scope for Laboratory Experiments in Research on Marketable Pollution Permits,” in Designing Institutions for Environmental and Resource Management, edited by E. T. Loehman and D. M. Kilgour, Cheltenham, U. K.: Edward Elgar, . Keywords: experiments, markets, emissions permits. Email Contact: misaac@bpa.arizona.edu

Isaac, R. Mark, and Charles A. Holt, eds. (1999) Emissions Permit Experiments, Stamford, Conn.: JAI Press. Keywords: experiments, markets, public goods, externalities, pollution permits, market power. Email Contact: misaac@bpa.arizona.edu

Jamal, Karim, and Shyam Sunder (1996) “Bayesian Equilibrium in Double Auctions Populated by Biased Heuristic Traders,” Journal of Economic Behavior and Organization, 31:2 (November), 273-291. Keywords: experiments, markets, double auctions, simulated traders, biases, heuristics. Email Contact: kjamal@gpu.srv.ualberta.ca

Jamison, Julian C., and Charles R. Plott (1997) “Costly Offers and the Equilibration Properties of the Multiple Unit Double Auction Under Conditions of Unpredictable Shifts of Demand and Supply,” Journal of Economic Behavior and Organization, 32:4 (April), 591-612. Keywords: experiments, markets, double auctions, MUDA, multiple unit double auction, transactions costs. Email Contact: cplott@hss.caltech.edu

Johnson, Alonzo, Hsing-Yang Lee, and Charles R. Plott (1988) “Multiple Unit Double Auction User's Manual,” California Institute of Technology, Discussion Paper 676. Keywords: experiments, markets, double auction, MUDA, multiple unit double
auction, software.

Johnson, Michael D., and Charles R. Plott (1989) “The Effect of Two Trading Institutions on Price Expectations and the Stability of Supply-Response Lag Markets,” Journal of Economic Psychology, 10189-216. Keywords: experiments, markets, institutions, expectations, stability, dynamic adjustment, price formation.

Johnson, Dean L., B. Patrick Joyce, and Steven Elliott (1998) “Asset Markets and Circuit Breakers,” Miami University of Ohio, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, markets, asset markets, bubbles. Email Contact: pjoyce@mtu.edu

Joyce, B. Patrick (1983) “Information and Behavior in Experimental Markets,” Journal of Economic Behavior and Organization, 4411-424. Keywords: experiments, markets, information. Email Contact: pjoyce@mtu.edu

Joyce, B. Patrick (1984) “The Walrasian Tatonnement Mechanism and Information,” RAND Journal of Economics, 15416-425. Keywords: experiments, markets, tatonnement. Email Contact: pjoyce@mtu.edu

Joyce, Patrick (1998) “Demand Revelation and Tatonnement Auctions,” Journal of Economic Behavior and Organization, 36:2 161-174. Keywords: experiments, markets, tatonnement. Email Contact: pjoyce@mtu.edu

Jullien, Celine, and Bernard Ruffieux (1998) “Incentives to Innovate, Property Rights, and Dynamic Efficiency in Experimental Markets,” National School of Industrial Engineering, Grenoble, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, markets, innovation, externalities, property rights, double auctions. Abstract: Prior to double auction trading, the producers make an innovation decision that provides a (random) cost reduction, which is cumulative across periods. Markets are generally efficient, and innovation is pervasive, with the only profitable producers being the ones that innovate. Competition to innovate overpowers the incentive to free ride on the spillovers from others' innovations. Email Contact: Celine.Jullien@ensgi.inpg.fr

Jung, Yun Joo, John H. Kagel, and Dan Levin (1994) “On the Existence of Predatory Pricing: An Experimental Study of Reputation and Entry Deterrence in the Chain-Store Game.,” RAND Journal of Economics, 25:1 (Spring), 72-93. Keywords: experiments, markets, game theory, predatory pricing, entry deterrence, reputation.

Kachelmeier, Steven J., S. T. Limberg, and M. S. Schadewald (1991) “Fairness in Markets: A Laboratory Investigation,” Journal of Economic Psychology, 12:3 (September), 447-464. Keywords: experiments, markets, fairness. Email Contact: kach@mail.utexas.edu

Kachelmeier, Steven J., S. T. Limberg, and M. S. Schadewald (1991) “A Laboratory Market Examination of the Consumer Price Response to Information about Producers' Costs and Profits,” The Accounting Review, 66(October), 694-717. Keywords: experiments, markets, fairness, information. Email Contact: kach@mail.utexas.edu

Kachelmeier, S. J., and M. Shehata (1992) “Culture and Competition: A Laboratory Market Comparison between China and the West,” Journal of Economic Behavior and Organization, 19:2 (October), 145-168. Keywords: experiments, markets, methodology, subject pool effects, China. Email Contact: kach@mail.utexas.edu

Kagel, John, and W. Vogt (1993) “The Buyers Bid Double Auction: Preliminary Experimental Results,” in The Double Auction Market; Institutions, Theories and Evidence, edited by D. Friedman and J. Rust, Reading, Mass.: Addison-Wesley, 285-305. Keywords: experiments, markets, buyers' bid double auction. Email Contact: kagel+@pitt.edu

Kagel, John H., and Alvin E. Roth (2000) “The Dynamics of Reorganization in Matching Markets: A Laboratory Experiment Motivated by a Natural Experiment,” Quarterly Journal of Economics, forthcoming. Keywords: experiments, markets, matching markets, field experiments. Abstract: Matching mechanisms have been proposed and used to prevent "unraveling" in decentralized matching processes. Experimental observations on behavior in a centralized matching mechanism match those from field trials. The effects of alternative mechanisms are investigated. Email Contact: kagel+@pitt.edu

Kamarei, H., and C. C. Morrison (1990) “Some Experimental Evidence Regarding Collusion,” Atlantic Economic Journal, 18:2 (June), 27-36. Keywords: experiments, markets, collusion.

Kelly, Frank S. (1995) “Laboratory Subjects as Multiproduct Monopoly Firms: An Experimental Investigation,” Journal of Economic Behavior and Organization, 27:3 401-420. Keywords: experiments, markets, monopoly.

Keser, Claudia (1993) “Some Results of Experimental Duopoly Markets with Demand Inertia,” Journal of Industrial Economics, 41:2 (June), 133-151. Keywords: experiments, markets, duopoly, demand inertia. Email Contact: keser@vwl3.wiwi.uni-karlsruhe.de

Ketcham, Jon, Vernon L. Smith, and Arlington W. Williams (1984) “A Comparison of Posted-Offer and Double-Auction Pricing Institutions,” Review of Economic Studies, 51:4 (October), 595-614. Keywords: experiments, markets, posted offer, double auction, institutions, efficiency.

King, Ronald R., Vernon L. Smith, Arlington W. Williams, and Mark Van Boening (1993) “The Robustness of Bubbles and Crashes in Experimental Stock Markets,” in Nonlinear Dynamics and Evolutionary Economics, edited by R.* Dall and P. Chen, Oxford, U.K.: Oxford University Press, 183-200. Keywords: experiments, markets, asset markets, speculative bubbles. Email Contact: vanboen@bus.olemiss.edu

King, Ronald R. (1994) “An Experimental Investigation of Transaction Costs,” Journal of Economic Behavior and Organization, 25:3 (December), 391-409. Keywords: experiments, markets, transactions costs.

Kirchler, E., Ernst Fehr, and R. Evans (1996) “Social Exchange in the Labor Market: Reciprocity and Trust versus Egoistic Money Maximization,” Journal of Economic Psychology, 17:3 (June), 313-341. Keywords: experiments, markets, reciprocity, social exchange, trust, labor markets.

Kirchsteiger, Georg, Muriel Niederl, and Jan Potters (1998) “An Experimental Study on the Endogenous Evolution of Market Institutions,” Tilburg University, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, markets, institutions, endogenous institutions. Abstract: Elements of the market trading institution are made endogenous by having traders decide on price quotes and on the subset of other traders who will recieve the bid or offer. Subjects typically inform all traders on the other side of the market, but none of the traders on their own side. Although the resulting information setting is less open than in a double auction, the efficiency is as high as in a double auction. Email Contact: j.j.m. potters@kub.nl

Kirchsteiger, Georg, Muriel Niederle, and Jan Potters (1999) “An Experimental Study of Transactions Costs and Their Impact on the Information Structure and Efficiency of Markets,” Tilburg University, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, transactions costs, price advertising, efficiency. Abstract: Traders in the experiments decide which other traders to inform of their offers, and incur transactions costs in the process. The relationship between transaction costs and market efficiency is studied. Email Contact: georg.kirchsteiger@univie.ac.at

Kirkwood, John B. (1981) “Antitrust Implications of the Recent Experimental Literature on Collusion,” in Strategy, Predation, and Antitrust Analysis, edited by S. Salop, Washington, D. C.: FTC Bureau of Economics, 605-621. Keywords: experiments, markets, collusion, antitrust, law. Email

Kirman, A. P. (1993) “Learning in Oligopoly: Theory, Simulation, and Experimental Evidence,” in Learning and Rationality in Economics, edited by A. P. Kirman and M. Salmon, Oxford, U.K.: Blackwell, ***. Keywords: experiments, markets, oligopoly, learning, bounded rationality, simulation. Email

Knoll, Yoram, Hiam Levy, and Amnon Rapoport (1988) “Experimental Tests of the Separation Theorem and the Capital Asset Pricing Model,” American Economic Review, 78(June), 500-519. Keywords: experiments, markets, asset markets, capital asset pricing. Email Contact: amnon@aruba.u.arizona.edu

Kroll, Yoram, Haim Levy, and Amnon Rapoport (1988) “Experimental Tests of the Separation Theorem and the Capital Asset Pricing Model,” American Economic Review, 78:3 (June), 500-519. Keywords: experiments, markets, asset markets, portfolio choice. Email Contact: amnon@aruba.u.arizona.edu

Kroll, Yoram, Haim Levy, and Amnon Rapoport (1988) “Experimental Tests of the Mean-Variance Model for Portfolio Selection,” Organizational Behavior and Human Decision Processes, 42388-410. Keywords: experiments, markets, asset markets, portfolio choice, mean-variance model. Email Contact: amnon@aruba.u.arizona.edu

Kroll, Yoram, and Hiam Levy (1992) “Further Tests of the Separation Theorem and the Capital Asset Pricing Model,” American Economic Review, 82:3 (June), 664-670. Keywords: experiments, markets, asset markets, asset pricing, separation theorem, portfolio choice.

Kruse, Jamie L., and Steven R. Elliott (1990) “Strategic Manipulation of Pollution Permit Markets: An Experimental Approach,” University of Colorado, working paper. Keywords: experiments, markets, emissions permits, market power. Email Contact: jamie.kruse@ttu.edu

Kruse, Jamie Brown (1993) “Nash Equilibrium and Buyer Rationing Rules: Experimental Evidence,” Economic Inquiry, 31:4 (October), 631-646. Keywords: experiments, markets, posted prices, rationing. Email Contact: jamie.kruse@ttu.edu

Kruse, Jamie Brown, Steven Rassenti, Stan Reynolds, and Vernon Smith (1994) “Bertrand-Edgeworth Competition in Experimental Markets,” Econometrica, 62:2 (March), 343-372. Keywords: experiments, markets, posted prices, Edgeworth cycles, Bertrand. Email Contact: jamie.kruse@ttu.edu

Kruse, Jamie Brown, and David J. Schenk (2000) “Location, Cooperation, and Communication: An Experimental Examination,” International Journal of Industrial Organization, 18:1 (January), 59-80. Keywords: experiments, markets, location, cooperation. Email Contact: jamie.kruse@ttu.edu

Kujal, Praveen (1992) “Asymmetric Surplus Distribution and Price Convergence Path in Posted-Offer Markets,” Economic Letters, 39:1 (May), 33-36. Keywords: experiments, markets, posted offer, asymmetric surplus, dynamics, price adjustment path, direction of convergence. Email Contact: kujal@elrond.uc3m.es

Lamoureux, C, and C. Schnitzlein (1997) “When Its Not the Only Game in Town (The Effect of Bilateral Search on the Quality of a Dealer Market),” Journal of Finance, 5683-712. Keywords: experiments, markets, asset markets, dealer intermediation, off floor search. Abstract: In an asset market experiment with competing dealers, a rule that allows traders to search "off floor" causes dealer bid-ask spreads to tighten, with the effect that dealer profits are reduced and price discovery is improved.

Lamoureux, C, and C. Schnitzlein (1997) “Herd Through the Grapevine: Winner's Curse in a Fragmented Asset Market,” University of Arizona, Discussion Paper. Keywords: experiments, markets, asset markets, dealer intermediation, off floor search, losses, experience. Abstract: In an asset market experiment with asymmetric information and competing dealers, a rule that allows traders to search "off floor" causes dealer bid-ask spreads to tighten, with the effect that dealer profits are reduced. These losses persist even after dealers have obtained considerable experience. Comparisons with the winner's curse are discussed.

Ledyard, John, David Porter, and Randii Wessen (1999) “A Market-Based Mechanism for Allocating Space Shuttle Secondary Payload Priority,” California Institute of Technology, Discussion Paper. Keywords: experiments, markets, allocation mechanisms, auctions, space shuttle. Abstract: The experiments confirm predictions that a market-based system of allocating usage of the space shuttle will improve performance as compared with the current committee allocation process. Bidders are provided budgets of tokens, and the market allows for efficient tradeoffs on resource/payload dimensions. Email Contact: jledyard@hss.caltech.edu

Lensberg, Terje, and Eline Van der Heijden (1998) “A Cross-Cultural Study of Reciprocity, Trust and Altruism in a Gift Exchange Experiment,” Tilburg University, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, markets, trust, reciprocity, altruism, subject pool effects, culture, Norway, Netherlands. Abstract: This a cross cultural study of mutual gift giving in a context where such giving is socially efficient but individually costly. Norwegian subjects give more than Dutch subjects and have more concern for reciprocity. Gifts are higher when information is provided about the previous gift. Email Contact: eline.vanderheijden@kub.nl

Levin, Dan (1988) “Stackelberg, Cournot and Collusive Monopoly: Performance and Welfare Comparisons,” Economic Inquiry, 26:2 (April), 317-330. Keywords: experiments, markets, Stackelberg, Cournot, efficiency, performance, welfare. Email Contact: levin.36@osu.edu

Levy, Hiam (1997) “Risk and Return: An Experimental Analysis,” International Economic Review, 38:1 (February), 119-149. Keywords: experiments, markets, asset markets, portfolio choice, risk.

Linster, Bruce G., and James E. West (1998) “Competing Strategy Types in Repeated Duopoly Games,” USAF Academy, Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, markets, duopoly. Email Contact: linsterbg.dfeg@usafa.af.mil

Lowes, B., and C. L. Pass (1970) “Price Behaviour in Asymmetrical Duopoly: Some Experimental Observations,” The Manchester School of Economic and Social Studies, 38:1 (March), 29-43. Keywords: experiments, markets, price competition, asymmetries, duopoly.

Lucking-Reiley, David (1998) “Price Experimentation by a Monopolist,” Vanderbilt University, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, markets, monopoly, uncertain demand, experimentation. Abstract: Subjects are monopolists facing an uncertain demand. The focus is on whether subjects engage in optimal experimentation in terms of price variations designed to learn about demand. Email Contact: reiley@vanderbilt.edu

Lundholm, Russell J. (1986) “Information Asymmetry and Capital Market Behavior: Some Evidence from a Laboratory Setting,” in Laboratory Market Research, edited by S. Moriarty, Norman, Ok.: University of Oklahoma, Center for Economic and Management Research, . Keywords: experiments, markets, asset markets, information asymmetry. Email

Lundholm, Russell J. (1991) “What Affects the Efficiency of the Market? Some Answers from the Laboratory,” Accounting Review, 66486-515. Keywords: experiments, markets, asset markets, efficiency, information.

Lynch, Michael, Ross M. Miller, Charles R. Plott, and Russell Porter (1986) “Product Quality, Consumer Information and 'Lemons' in Experimental Markets,” in Empirical Approaches to Consumer Protection Economics, edited by P.M. Ippolito and D.T. Scheffman, Washington, D.C.: Federal Trade Commission, Bureau of Economics, 251-306. Keywords: experiments, markets, information, quality, asymmetric information, lemons markets. Email

Martin, Rose, K. R Subrmanyam, and Charles Swenson (1998) “Does the Market Believe Earnings Announcements,” University of Southern California, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, markets, asset markets, information, announcements. Email Contact: cswenson@sba2.usc.edu

Martin, Stephen, Hans Norman, and Christopher Snyder (1999) Humboldt University, Discussion Paper, presented at the Fall 1999 European Regional ESA Meeting. Keywords: experiments, markets, vertical markets, vertical foreclosure. Abstract: The experiments allow a comparison of the effects of vertical merger with vertical contracts. Merger allows the upstream firm to extract a larger share of the surplus than is possible with public contracts. Email Contact: normann@wiwi.hu-berlin.de

Mason, Charles F., Owen R. Philips, and Clifford Nowell (1992) “Duopoly Behavior in Asymmetric Markets: An Experimental Evaluation,” Review of Economics and Statistics, 74:4 (November), 662-670. Keywords: experiments, markets, duopoly, asymmetries. Email Contact: bambuzlr@uwyo.edu

Mason, Charles F., and Clifford Nowell (1998) “An Experimental Analysis of Subgame Perfect Play: The Entry Deterrence Game,” Journal of Economic Behavior and Organization, 37:4 (December), 443-462. Keywords: experiments, markets, entry, backward induction. Abstract: The subgame equilibrium for the experiment is for the first player to choose an entry barring output and for the second player not to enter. Some entry occurred even if it was barred and therefore resulted in negative payoffs, and not all first movers deterred entry. Email Contact: bambuzlr@uwyo.edu

Mason, Charles F., and Owen R. Phillips (2000) “An Experimental Evaluation of Strategic Preemption,” International Journal of Industrial Organization, 18:1 (January), 107-135. Keywords: experiments, markets, preemption. Email Contact: bambuzlr@uwyo.edu

Mayberry, J. P., John F. Nash, and Martin Shubik (1953) “A Comparison of Treatments of a Duopoly Situation,” Econometrica, 21:1 (January), 141-154. Keywords: experiments, markets, duopoly.

Mayhew, Brian W., Jeffrey W. Schatzberg, and Galen Sevcik (1998) “Auditor Choice, Retained Ownership, and Firm Risk in the Market for New Issues: Experimental Evidence,” University of Arizona, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, markets, accounting, information, asset markets, initial public offerings. Abstract: The theoretical model predicts that entrepreneurs orchestrating an initial public offering will prefer higher quality auditors as the value of the firm and firm-specific risk increase. Experiments support the model predictions and indicate that mixed results from empirical studies of IPOs may be due to differential litigation exposure for different locations. Email Contact: jschatzberg@bpa.arizona.edu

McCabe, Kevin A., Steven J. Rassenti, and Vernon L. Smith (1989) “Designing 'Smart' Computer-Assisted Markets: An Experimental Auction for Gas Networks,” Journal of Political Economy, 5259-283. Keywords: experiments, markets, smart markets, computer-assisted markets, natural gas, deregulation. Email Contact: kmcabe@econlab.arizona.edu

McCabe, Kevin A., Steven J. Rassenti, and Vernon L. Smith (1991) “Experimental Testing of Smart Computer-Assisted Markets*,” Science, 254(October), 534-538. Keywords: experiments, markets, smart markets, computer-assisted markets, deregulation. Email Contact: kmcabe@econlab.arizona.edu

McConnell, J. Douglas (1968) “An Experimental Examination of the Price-Quality Relationship,” Journal of Business, 41439-444. Keywords: experiments, markets, quality.

Mestelman, Stuart, and Douglas Welland (1987) “Advance Production in Oral Double Auction Markets,” Economics Letters, 2343-48. Keywords: experiments, markets, double auction, advance production. Email Contact: mestelma@mcmaster.ca

Mestelman, Stuart, Deborah Welland, and Douglas Welland (1987) “Advance Production in Posted Offer Markets,” Journal of Economic Behavior and Organization, 8:2 (June), 249-264. Keywords: experiments, markets, posted offer, advance production. Email Contact: mestelma@mcmaster.ca

Mestelman, Stuart, and Douglas Welland (1988) “Advance Production in Experimental Markets,” Review of Economic Studies, 55:4 (October), 641-654. Keywords: experiments, markets, advance production. Email Contact: mestelma@mcmaster.ca

Mestelman, Stuart, and Douglas Welland (1991) “The Effects of Rent Asymmetries in Markets Characterized by Advance Production: A Comparison of Trading Institutions,” Journal of Economic Behavior and Organization, 15:3 (May), 387-405. Keywords: experiments, markets, posted offer, double auction, advance production, rent asymmetries. Email Contact: mestelma@mcmaster.ca

Mestelman, Stuart, and Douglas Welland (1991) “Inventory Carryover and the Performance of Alternative Market Institutions,” Southern Economic Journal, 57:4 (April), 1024-1042. Keywords: experiments, markets, inventory. Email Contact: mestelma@mcmaster.ca

Mestelman, Stuart, and Douglas Welland (1994) “Price Flexibility and Market Performance in Experimenal Markets,” Economic Theory, 4105-129. Keywords: experiments, markets. Email Contact: mestelma@mcmaster.ca

Mestelman, Stuart, and Douglas Welland (1995) “Experience and Inventory Management in Double-Auction Markets,” Journal of Economic Behavior and Organization, 26:1 (January), 35-48. Keywords: experiments, markets, double auction, inventories, inventory carryover. Email Contact: mestelma@mcmaster.ca

Mestelman, Stuart, Rob Moir, and R. Andrew Muller (1999) “A Laboratory Test of a Canadian Proposal for an Emissions Trading Program,” in Research in Experimental Economics, Volume 7, Emissions Permit Experiments, edited by R. M. Isaac and C. A. Holt, Stamford, Conn.: JAI Press, 45-91. Keywords: experiments, markets, emissions trading, pollution permits, negotiations, unstructured bargaining. Email Contact: mestelma@mcmaster.ca

Miles, C. G., Raymond C. Battalio, John H. Kagel, and G. F. Rhodes (1975) “The Effects of Cannibus and Negotiated Wage Rate Changes on Income and Job Performance in an Experimental Token Economy,” in Experimentation in Controlled Environments and Its Implications for Economic Behavior and Social Policy Making, edited by C. G. Miles, Toronto: Addiction Research Foundation, 57-69. Keywords: experiments, markets, wage negotiations. Email

Miller, Ross M., Charles R. Plott, and Vernon L. Smith (1977) “Intertemporal Competitive Equilibrium: An Empirical Study of Speculation,” Quarterly Journal of Economics, 91:4 (November), 599-624. Keywords: experiments, markets, multiple markets, speculation, intertemporal equilibrium.

Miller, Ross M., and Charles R. Plott (1985) “Product Quality Signaling in Experimental Markets,” Econometrica, 53:4 (July), 837-872. Keywords: experiments, markets, quality, signaling, information.

Millner, Edward L., Michael D. Pratt, and Robert J. Reilly (1990) “Contestability in Real-Time Experimental Flow Markets,” RAND Journal of Economics, 21:4 (Winter), 584-599. Keywords: experiments, markets, flow markets, contestability, entry, real time markets. Email Contact: emillne@vcu.edu

Morrison, Clarence C., and H. Kamarei (1990) “Some Experimental Testing of the Cournot-Nash Hypothesis in Small Group Rivalry Situations,” Journal of Economic Behavior and Organization, 13:2 (March), 213-231. Keywords: experiments, markets, Cournot.

Morrison, Clarence C. (1996) “Price Makers and Nonclearing Markets,” Atlantic Economic Journal, 24:1 (March), 19-32. Keywords: experiments, markets, price makers.

Muller, R. Andrew, and Stuart Mestelman (1998) “What Have We Learned from Emissions Trading Experiments?,” Management Decision and Economics, 19:4-5 (June-August), 225-238. Keywords: experiments, markets, regulation, emissions permits, survey. Email Contact: mullera@mcmaster.ca

Mullin, R. David, and Bruce Linster (1999) “Enhancing Efficiency in Acquisition Duopoly Markets,” USAF Academy, Discussion Paper, presented at the Summer 1999 ESA Meetings. Keywords: experiments, markets, duopoly, subcontracting practices, procurement, efficiency. Email Contact: mullinrd.ufeg@usafa.usaf.mil

Muren, Astri (2000) “Quantity Precommitment in an Experimental Oligopoly Market,” Journal of Economic Behavior and Organization, 41:2 147-157. Keywords: experiments, markets, Stackelberg, quantity choice.

Murphy, James L. (1966) “The Effect of the Threat of Losses on Duopoly Bargaining,” Quarterly Journal of Economics, 80296-313. Keywords: experiments, markets, duopoly, losses, methodology.

Murphy, James (1972) “An Analysis of Learning Characteristics in Duopoly Experiments,” in Contributions to Experimental Economics, Vol. 3, edited by Heinz Sauermann, Tubingen: J. C. B. Mohr, 64-99. Keywords: experiments, markets, duopoly, learning. Email

Myagkov, Mikhail, and Charles R. Plott (1997) “Exchange Economics and Loss Exposure: Experiments Exploring Prospect Theory and Competitive Equilibria in Market Environments,” American Economic Review, 87:5 (December), 801-828. Keywords: experiments, markets, decisions, prospect theory, loss exposure.

Nagel, Rosemarie, and Nicholaas Vriend (1997) “An Experimental Study of Adaptive Behavior in an Oligopolistic Market Game,” Universitat Pompeu Fabra, Keywords: experiments, markets, quantity choice, advertising, information, learning, oligopoly. Email Contact: nagel@upf.es

Noussair, Charles, Stephane Robin, and Bernard Ruffeux (1998) “Experimental Asset Markets with Constant Fundamental Values,” Purdue University, Discussion Paper, presented at the Summer 1998 ESA Meetings. Keywords: experiments, markets, asset markets, constant fundamental value, negative bubbles. Abstract: Traded assets pay random dividends with a zero expected value, so the fundamental asset value if flat over time. Prices typically begin below fundamental value and may rise above this value. Prices in final periods of trade are typically near fundamental value. Email Contact: noussair@mgmt.purdue.edu

Noussair, Charles, Stephane Robin, and Bernard Ruffieux (1998) “The Effect of Transactions Costs on Double Auction Markets,” Journal of Economic Behavior and Organization, 36:2 (August), 221-233. Keywords: experiments, markets, double auction, transactions costs. Abstract: When subjects incur a monetary cost in placing bid and ask orders, the prices converge to competitive levels, but quantities and efficiencies are reduced. Email Contact: noussair@mgmt.purdue.edu

O'Brien, John, and Sanjay Srivastava (1991) “Liquidity and Persistance of Arbitrage in Experimental Options Markets,” in The Double Auction Market; Institutions, Theories, and Evidence, edited by D. Friedman and J. Rust, New York: Addison-Wesley, . Keywords: experiments, markets, asset markets, liquidity, arbitrage. Email

O'Brien, John, and Sanjay Srivastava (1991) “Dynamic Stock Markets with Multiple Assets: An Experimental Analysis,” Journal of Finance, 461811-1838. Keywords: experiments, markets, asset markets.

Oehler, Andreas, and Matthias Unser (1998) “Information Intensity and Operational Efficiency in an Experimental Call Market,” Bramberg University, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, markets, call markets, asset markets, open and closed order books, volatility, efficiency. Abstract: The experiment is used to evaluate the effects of an open orderbook and information intensity in an asset market. The open orderbook does not increase informational efficiency and does increase price volatility. Email Contact: andreas.oehler@sowi.uni-bamberg.de

Palfrey, Thomas R. (1983) “Bundling Decision by a Multiproduct Monopolist: A Laboratory Test,” Econometrica, 51(March), 463-483. Keywords: experiments, markets, monopoly, bundling, multiproduct firm. Email Contact: trp@hss.caltech.edu

Palfrey, Thomas R. (1985) “Buyer Behavior and the Welfare Effects of Bundling by a Multiproduct Monopolist: A Laboratory Investigation,” in Research in Experimental Economics, Vol. 3, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 73-104. Keywords: experiments, markets, monopoly, bundling, multi-product monopoly. Email Contact:
trp@hss.caltech.edu

Palfrey, Thomas R., and Thomas Romer (1986) “An Experimental Study of Warranty Coverage and Dispute Resolution in Competitive Markets,” in Empirical Approaches to Consumer Protection Economics, edited by P. M. Ippolito and D. T. Scheffman, Washington, D.C.: Federal Trade Commission, 307-372. Keywords: experiments, markets, quality, warranties. Email Contact: trp@hss.caltech.edu

Parikh, David (1998) “Implications of a Posted-Offer-With-Negotiations Institution on Asset Markets: Efficiency, Market Clearing, and Strategic Behavior,” Discussion Paper, presented at the Fall 1998 ESA Meeting. Keywords: experiments, markets, asset markets, posted-offer, negotiations. Email Contact: dparikh@scf.usc.edu

Peterson, Steven P. (1993) “Forecasting Dynamics and Convergence to Market Fundamentals: Evidence from Experimental Asset Markets,” Journal of Economic Behavior and Organization, 22:3 (December), 269-284. Keywords: experiments, markets, asset markets, forecasting, convergence, fundamental value.

Peterson, Steven P. (1996) “Some Experimental Evidence on the Efficiency of Dividend Signaling in Resolving Information Asymmetries,” Journal of Economic Behavior and Organization, 29:3 (May), 373-388. Keywords: experiments, markets, asset markets, dividend signaling, asymmetric information.

Phillips, Owen R., and Charles F. Mason (1991) “Mutual Forbearance in Experimental Congolomerate Markets,” Rand Journal of Economics, 23395-414. Keywords: experiments, markets, mutual forbearance. Email Contact: owenphil@uwyo.edu

Phillips, Owen R., and Charles F. Mason (1997) “Wars and Attrition in Experimental Duopoly Markets,” Southern Economic Journal, 63:3 (January), 726-742. Keywords: experiments, markets, duopoly, punishments. Email Contact: owenphil@uwyo.edu

Phillips, Owen R., Dale J. Menkhaus, and Joseph L. Krogmeier (1999) “Laboratory Behavior in Spot and Forward Markets,” University of Wyoming, Discussion Paper. Keywords: experiments, markets, double auctions, inventories, adavance production, spot markets, forward markets, convergence. Abstract: Prices are higher and quantities are lower in double auctions where production must be completed in advance (spot markets). Sellers seek higher prices and have higher earnings in spot markets than in forward markets where production is ex post to match actual sales. Email Contact: owenphil@uwyo.edu

Plott, Charles R., and Vernon L. Smith (1978) “An Experimental Examination of Two Exchange Institutions,” Review of Economic Studies, 45:1 (February), 133-153. Keywords: experiments, markets, market institutions. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Jonathan T. Uhl (1981) “Competitive Equilibrium with Middlemen: An Empirical Study,” Southern Economic Journal, 47(April), 1063-1071. Keywords: experiments, markets, multiple markets, middlemen, speculation, law of one price. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1981) “Experimental Methods in Political Economy: A Tool for Regulatory Research,” in Attacking Regulatory Problems: An Agenda for Research in the 1980s, edited by A. R. Ferguson, Cambridge, Mass.: Ballinger, . Keywords: experiments, markets, regulation. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1982) “Industrial Organization Theory and Experimental Economics,” Journal of Economic Literature, 20:4 (December), 1485-1527. Keywords: experiments, markets, industrial organization, monopoly, duopoly, oligopoly, regulation, survey. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Louis L. Wilde (1982) “Professional Diagnosis vs. Self-Diagnosis: An Experimental Examination of Some Special Features of Markets with Uncertainty,” in Research in Experimental Economics, Vol 2, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 63-112. Keywords: experiments, markets, information, quality, asymmetric information. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Shyam Sunder (1982) “Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models,” Journal of Political Economy, 90:4 (August), 663-698. Keywords: experiments, markets, asset markets, insider information, efficiency. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1983) “Externalities and Corrective Policies in Experimental Markets,” Economic Journal, 93:369 (March), 106-127. Keywords: experiments, markets, public, externalities, taxes, quotas. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Gul Agha (1983) “Intertemporal Speculation with a Random Demand in an Experimental Market,” in Aspiration Levels in Bargaining and Economic Decision Making, edited by R. Tietz, New York: Springer, 201-216. Keywords: experiments, markets, multiple markets, speculation, efficiency. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1986) “Laboratory Experiments in Economics: The Implications of Posted-Price Institution,” Science, 232(May 9), 732-738. Keywords: experiments, markets, posted prices, survey. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1986) “Rational Choice in Experimental Markets,” Journal of Business, 59:4 (Part 2 October), S301-S327. Keywords: experiments, markets. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1987) “Laboratory Experiments in Economics: The Implications of the Posted-Price Institutions,” Science, 232(May 9), 732-738. Keywords: experiments, markets, survey, posted-price markets. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Shyam Sunder (1988) “Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets,” Econometrica, 56:5 (September), 1085-1118. Keywords: experiments, markets, asset markets, information, rational expectations. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1988) “Research on Pricing in a Natural Gas Network,” Federal Energy Regulatory Commission, Office of Economic Policy Technical Report 88-2, Keywords: experiments, markets, regulation, natural gas, network, vertical markets. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1989) “An Updated Review of Industrial Organization: Applications of Experimental Methods,” in Handbook of Industrial Organization, Volume II, edited by R. Schmalensee and R. D. Willig, Amsterdam: Elsevier Science, 1111-1176. Keywords: experiments, markets, industrial organization, monopoly, duopoly, oligopoly, regulation, quality, contracts, speculation, institutions, survey. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Peter Gray (1990) “The Multiple Unit Double Auction,” Journal of Economic Behavior and Organization, 13:2 (March), 245-258. Keywords: experiments, markets, double auction, multiple unit double auction, MUDA, software. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1991) “A Computerized Laboratory Market System and Research Support Systems for the Multiple Unit Double Auction,” California Institute of Technology, Discussion Paper: Social Science Working Paper 783. Keywords: experiments, markets, double auction, multiple unit double auction, MUDA, software. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Glen George (1992) “Marshallian vs. Walrasian Stability in an Experimental Market,” Economic Journal, 102:412 (May), 437-460. Keywords: experiments, markets, stability, price formation, Walrasian stability, Marshallian stability, dynamic adjustment. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., Alexandre B. Sugiyama, and Gilhad Elbaz (1995) “Economies of Scale, Natural Monopoly and Imperfect Competition in an Experimental Market,” Southern Economic Journal, 61(October), 261-287. Keywords: experiments, markets, economies of scale, monopoly, natural monopoly. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and David P. Porter (1996) “Market Architectures and Institutional Testbedding: An Experiment with Space Station Pricing Policies,” Journal of Economic Behavior and Organization, 31:2 (November), 237-272. Keywords: experiments, markets, space station pricing. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., J. Wit, and W. C. Yang (1997) “Paramutuel Betting Markets as Information Aggregation Devices: Experimental Results,” California Institute of Technology, Social Science Working Paper 986. Keywords: experiments, markets, information, betting. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and D. Williamson (1998) “Markets for Contracts: Experiments Exploring the Compatibility of Games and Markets for Games,” California Institute of Technology, Social Science Working Paper 1061. Keywords: experiments, markets, game theory. Email Contact: cplott@hss.caltech.edu

Plott, Charles R., and Jared Smith (1999) “Instability of Equilibria in Experimental Markets: Upward Sloping Demands, Externalities, and Fad-Like Incentives,” Southern Economic Journal, 65:3 (January), 405-426. Keywords: experiments, markets, stability, instability, upward sloping demand, externalities, fads. Abstract: The experiments implement a setup in which the value of the commodity is an increasing functions of others' consumption levels. The resulting fads create upward sloping demand curves, and the Marshallian notion of stability outperforms the Walrasian notion. Email Contact: cplott@hss.caltech.edu

Plott, Charles R. (1999) “Market Stability: Backward Bending Supply in an Experimental Market,” Economic Inquiry, forthcoming. Keywords: experiments, markets, stability, backward bending supply. Email Contact: cplott@hss.caltech.edu
Porter, David P., and Vernon L. Smith (1994) “Stock Market Bubbles in the Laboratory,” Applied Mathematical Finance, 1111-127. Keywords: experiments, markets, asset markets, bubbles. Email Contact: vls@econlab.arizona.edu

Potters, Jan*, B. Jacobsen, Arthur Schram, Frans van Winden, and J. Witt (1999) “(In)accuracy of a European Political Stockmarket: The Influence of Common Value Structures,” European Economic Review, forthcoming. Keywords: experiments, markets, political stock market, information, common value. Email Contact: j.j.m.potters@kub.nl

Pringle, Mark (2000) “The Effect of Decision Costs on the Formation of Market-Making Intermediaries: A Pilot Experiment,” Journal of Economic Behavior and Organization, 41:1 3-26. Keywords: experiments, markets, decision costs.

Rapoport, Amnon, Ido Erev, and Rami Zwick (1995) “An Experimental Study of Buyer-Seller Negotiation with One-Sided Information and Time Discounting,” Management Science, 41377-394. Keywords: experiments, markets, information, time discounting. Email Contact: arapoport@bpa.arizona.edu

Rassenti, Stephen, Stanley Reynolds, and Vernon L. Smith (1994) “Cotenency and Competition in an Experimental Auction Market for Natural Gas Pipeline Networks,” Economic Theory, 441-65. Keywords: experiments, markets, vertical relations, cotenency, regulation, natural gas pipelines. Email Contact: rassenti@econlab.arizona.edu

Rassenti, Stephen, Stanley S. Reynolds, Vernon L. Smith, and Ferone Szideroviszky (1999) “Adaptation and Convergence of Behavior in Repeated Experimental Cournot Games,” Journal of Economic Behavior and Uncertainty, forthcoming. Keywords: experiments, markets, Cournot, learning, ficticious play. Email Contact: rassenti@econlab.arizona.edu

Rassenti, Stephen, Stanley S. Reynolds, Vernon L. Smith, and Ferenc Szidarovszky (2000) “Adaptation and Convergence of Behavior in Repeated Experimental Cournot Games,” Journal of Economic Behavior and Organization, 41:2 117-146. Keywords: experiments, markets, Cournot, adaptation, learning. Email Contact: rassenti@econlab.arizona.edu

Reynolds, Stanley S. (1999) “Durable Goods Monopoly: Laboratory Market and Bargaining Experiments,” University of Arizona, Discussion Paper. Keywords: experiments, markets, monopoly, durable goods, Coase conjecture. Email Contact: sreynolds@bpa.arizona.edu

Reynolds, Stanley, and Bart Wilson (1999) “Bertrand-Edgeworth Competition, Demand Uncertainty, and Asymmetric Outcomes,” University of Arizona, Discussion Paper. Keywords: experiments, markets, Bertrand, asymmetries. Email Contact: sreynolds@bpa.arizona.edu

Rich, C. S., and Daniel Friedman (1998) “The Matching Market Institution: A Laboratory Investigation,” American Economic Review, 88:5 (December), 1311-1322. Keywords: experiments, markets, matching.

Ruffle, Bradley (1998) “Do Buyers Always Act as Passive Price-Takers? Demand Withholding in Experimental Posted-Offer Markets,” Gen-Gurion University, Discussion Paper. Keywords: experiments, markets, posted offer, buyer behavior, demand withholding. Email Contact: bradley@bgumail.bgu.ac.il

Ruffle, Bradley (1998) “Buyer Market Power and Monopoly Powerless?,” Gen-Gurion University, Discussion Paper. Keywords: experiments, markets, posted offer, buyer behavior, demand withholding. Email Contact: bradley@bgumail.bgu.ac.il

Rust, John, John. H. Miller, and Richard Palmer (1994) “Characterizing Effective Trading Strategies: Insights from a Computerized Double Auction Tournament,” Journal of Economic Dynamics and Control, 18:1 (January), 61-96. Keywords: experiments, markets, double auction, trading strategies.

Rustichini, Also, and Anne P. Villamil (1996) “Intertemporal Pricing in Markets with Differential Information,” Economic Theory, 8:2 (August), 211-227. Keywords: experiments, markets, inertemporal pricing, information. Email Contact: rustichi@fasecon.econ.nyu.edu, avillamil@uiuc.edu

Sadrieh, Abdolkarim (1998) “The Alternating Double Aucion Market - A Game Theoretic and Experimental Investigation,” University of Bonn, Discussion Paper, presented at the Summer 1998 ESA Meeting. Keywords: experiments, markets, double auction. Email Contact: sadrieh@lab.econ1.uni-bonn.de

Saijo, T., M. Une, and T. Yamaguchi (1996) “"Dango" Experiments,” Journal of Japanese International Economies, 10:1 (March), 1-11. Keywords: experiments, markets, collusion. Email Contact: saijo@iser.osaka-u.ac.jp

Satterthwaite, M. A., and S. R. Williams (1993) “Theories of Price Formation and Exchange in k-Double Auctions,” in
The Double Auction Market: Institutions, Theories, and Evidence, edited by D. Friedman and J. Rust, Reading, Mass.: Addison-Wesley, . Keywords: experiments, markets, call markets, k-double auctions. Email

Sauermann, Heinz, and Reinhard Selten (1959) “Ein Oligopolexperiment,” Zeitschrift fur die Gesante Staatswissenschaft, 115427-471. Keywords: experiments, markets, oligopoly.

Scherr, F. C. (1980) “Like and Dislike in an Experimental Oligopoly: A Structure-Conduct-Performance Analysis,” Journal
of Behavioral Economics, 9:2 (Winter), 41-57. Keywords: experiments, markets, oligopoly.

Schnitzlein, C. (1996) “Call and Continuous Trading Mechanisms under Asymmetric Information: An Experimental Investigation,” Journal of Finance, 51:613-636 . Keywords: experiments, markets, asset markets, call markets, double auctions, asymmetric information.

Selten, Reinhard (1965) “Spieltheoretische Behandlung eines Olipopolmodells mit Nachfragetrgheit, parts I-II,” in Zeitschrift fur die Gesante Staatswissenschaft, 301-324 and 667-689. Keywords: experiments, markets, oligopoly. Email Contact: selten@lab.econ1.uni-bonn.de

Selten, Reinhard (1970) “Ein Marktexperiment,” in Contributions to Experimental Economics, edited by Heinz Sauermann, Tubingen, Germany: J.C.B. Mohr (Paul Siebeck), 33-98. Keywords: experiments, markets. Email Contact: selten@lab.econ1.uni-bonn.de

Selten, Reinhard, ed. (1991) Game Equilibrium Models II. Methods, Morals, and Markets, New York; Berlin; London and Tokyo: Springer. Keywords: experiments, markets. Email Contact: selten@lab.econ1.uni-bonn.de

Sherman, Roger (1966) “Capacity Choice in Duopoly,” Carnegie-Melon University, Doctoral Dissertation. Keywords: experiments, markets, duopoly, oligopoly, capacity choice. Abstract: As far as I know, this is the first dissertation in experimental economics. It considers capacity choices, and it develops the idea that firms choose capacities and then compete in a second stage. Email Contact: rs5w@virginia.edu

Sherman, Roger (1969) “Risk Attitude and Cost Variability in a Capacity Choice Experiment,” The Review of Economic Studies, 36:(4) (108) (October), 453-466. Keywords: experiments, markets, capacity choice, risk preferences, cost variability. Email Contact: rs5w@virginia.edu

Sherman, Roger (1971) “Experimental Oligopoly,” Kyklos, 24:1 30-49. Keywords: experiments, markets, oligopoly. Email Contact: rs5w@virginia.edu

Sherman, Roger (1971) “An Experiment on the Persistence of Price Collusion,” Southern Economic Journal, 37:4 (April), 489-495. Keywords: experiments, markets, price competition, collusion. Email Contact: rs5w@virginia.edu

Sherman, Roger (1972) Oligopoly, An Empirical Approach, Lexington, Mass: Lexington Books. Keywords: experiments, markets, game theory, capacity choice, risk preferences, cost variability. Email Contact: rs5w@virginia.edu

Sherstyuk, Katerina (1999) “Collusion Without Conspiracy: An Experimental Study of One-Sided Auctions,” Experimental Economics, 2:1 59-75. Keywords: experiments, markets, tacit collusion, strict improvement rule, comparison of institutions, one-sided auctions, oral auction, sealed bid auction, trigger price strategies. Abstract: The experiment yields competitive outcomes for a sealed bid auction and tacitly collusive outcomes for an oral ascending bid auction with no strict bid improvement rule. The conclusion is that improperly designed oral auctions may facilitate the trust and signaling needed to establish tacit collusion.

Sherstyuk, Katerina (1999) “Collusion in PrivateValue Ascending Price Auctions,” Melbourne University, Discussion Paper, presented at the Summer 1999 ESA Meetings. Keywords: experiments, markets, tacit collusion, improvement rules, trading institutions.

Sherstyuk, Katerina (1999) “Team Selection with Asymmetric Agents,” Journal of Economic Behavior and Organization, 38:4 (April), 421-452. Keywords: experiments, markets, collusion, asymmetries. Abstract: This paper reports an experiment that shows how the introduction asymmetries can reduce tacit collusion, although even with asymmetries the decisions exhibited a small amount of collusion relative to the Nash prediction.

Shubik, Martin, and Martin Riese (1972) “An Experiment with Ten Duopoly Games and Beat-the-Average Behavior,” in Contributions to Experimental Economics, Vol. 3, edited by Heinz Sauermann, Tubingen: J. C. B. Mohr, 656-689. Keywords: experiments, markets, duopoly, rivalism. Email

Shubik, Martin (1979) “On the Number of Types of Markets with Trade in Money: Theory and Possible Experimentation,” in Research in Experimental Economics, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 339-360. Keywords: experiments, markets, fiat money. Email Contact: martin.shubik@yale.edu

Shubik, Martin, and Richard Levitan (1980) Market Structure and Behavior., Cambridge, Mass., and London: Harvard University Press. Keywords: experiments, markets. Email Contact: martin.shubik@yale.edu

Smith, Vernon L. (1962) “An Experimental Study of Competitive Market Behavior,” Journal of Political Economy, 70:3 (June*), 111-137. Keywords: experiments, markets, double auction, efficiency. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1964) “The Effect of Market Organization on Competitive Equilibrium,” Quarterly Journal of Economics, 78:2 (May), 181-201. Keywords: experiments, markets, double auction, efficiency. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1965) “Experimental Auction Markets and the Walrasian Hypothesis,” Journal of Political Economy, 73:4 (August), 387-393. Keywords: experiments, markets, double auction, efficiency. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1971) “Economic Theory of Wager Markets,” Western Economic Journal, 9:3 (September), 242-255. Keywords: experiments, markets, betting, gambling, wager markets. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L., and Arlington W. Williams (1981) “On Nonbinding Price Controls in a Comprehensive Market,” American Economic Review, 71:3 (June), 467-474. Keywords: experiments, markets, double auction, price controls, nonbinding price controls, price formation. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1981) “An Empirical Study of Decentralized Institutions of Monopoly Restraint,” in Essays in Contemporary Fields of Economics in Honor of E. T. Weiler (1914-1979), edited by J. Quirck and G. Horwich, West Lafayette: Purdue University Press, 83-106. Keywords: experiments, markets, monopoly, institutions. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1981) “Theory, Experiment, and Antitrust Policy,” in Strategy, Predation, and Antitrust Analysis, edited by S. Salop, Washington, D. C.: FTC Bureau of Economics, 579-603. Keywords: experiments, markets, collusion, antitrust, law. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1982) “Markets as Economizers of Information: Experimental Examination of the 'Hayek Hypothesis',” Economic Inquiry, 20165-179. Keywords: experiments, markets, double auction, efficiency, Hayek hypothesis, information. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L., and Arlington W. Williams (1982) “The Effects of Rent Asymmetries in Experimental Auction Markets,” Journal of Economic Behavior and Organization, 3(March), 99-116. Keywords: experiments, markets, double auction, rent asymmetries. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L., Arlington W. Williams, W. Kenneth Bratton, and Michael G. Vannoni (1982) “Competitive Market Institutions: Double Auction Versus Sealed Bid-Offer Auctions,” American Economic Review, 72:1 (March), 58-77. Keywords: experiments, markets, double auction, sealed bid-offer auction, call market. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1982) “Reflections on Some Experimental Mechanisms for Classical Environments,” in Choice Models for Buyers Behavior. Research in Marketing, Supplement 1, edited by Leigh McAlister, Greenwich, Conn: JAI Press, 13-47. Keywords: experiments, markets. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L., and Arlington W. Williams (1982) “An Experimental Comparison of Alternative Rules for Competitive Market Exchange,” in Auctions, Bidding and Contracting: Uses and Theory, edited by M.* Shubik, New York: New York University Press, 307-334. Keywords: experiments, markets, institutions. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1986) “Experimental Methods in the Political Economy of Exchange,” Science, 234(October 10), 167-73. Keywords: experiments, markets, methodology. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L., Gerry L. Suchanek, and Arlington W. Williams (1988) “Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets,” Econometrica, 56:5 (September), 1119-1151. Keywords: experiments, markets, asset markets, bubbles, speculation, fundamental value. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L., and Arlington W. Williams (1989) “The Boundaries of Competitive Price Theory: Convergence, Expectations, and Transaction Costs,” in Advances in Behavioral Economics, Vol. 2, edited by L. Green and J. Kagel, Norwood, NJ: Ablex Publishing, . Keywords: experiments, markets, transactions costs, expectations, asymmetries. Email Contact: vls@econlab.arizona.edu

Smith, Vernon L. (1991) “Experimental Economics: Behavioral Lessons for Microeconomic Theory and Policy,” in Papers in Experimental Economics, edited by Vernon L. Smith, Cambridge: Cambridge University Press, 802-812. Keywords: experiments, markets, public, methodology. Email Contact: vls@econlab.arizona.edu

Sonnemans, Joep, Cars Hommes, Jan Tuinstra, and Henk van de Velden (1999) “A Strategy Experiment in Expectation Formation,” University of Amsterdam, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, expectations, cobweb model. Email Contact: joeps@fee.uva.edu

Søberg, Morten (1999) “Asymmetric Information and International Tradable Quota Treaties: An Experimental Evaluation,” Statistics Norway, Discussion Paper, presented at the Summer 1999 ESA Meeting. Keywords: experiments, markets, tradable emissions permits, international, environmental economics. Email Contact: morten.soberg@ssb.no

Stech, Frank J., and Charles G. McClintock (1971) “Cooperative and Competitive Price Bidding in a Duopoly Game,” Behavioral Science, 16545-557. Keywords: experiments, markets, duopoly, price competition.

Sterman, J. D. (1996) “Bounded Rationality and Market Fluctuations: Comments,” Journal of Economic Behavior and Organization, 29:2 (March), 251-256. Keywords: experiments, markets, bounded rationality.

Stern, D. (1967) “Some Notes on Oligopoly Theory and Experiments,” in Essays in Mathematical Economics in Honor of Oskar Morgenstern, edited by M. Shubik, Princeton, N.J.: Princeton University Press, . Keywords: experiments, markets, oligopoly. Email

Sunder, Shyam, and Charles R. Plott (1988) “Rational Expectations and the Aggregation of Diverse Information in Laboratory Securities Markets,” Econometrica, 56(September), 1085-1118. Keywords: experiments, markets, asset markets, information aggregation, rational expectations. Email Contact: shyam.sunder@yale.edu

Sunder, Shyam (1992) “Market for Information: Experimental Evidence,” Econometrica, 60:3 (May), 667-95. Keywords: experiments, markets, information. Email Contact: shyam.sunder@yale.edu

Sunder, Shyam (1995) “Experimental Asset Markets: A Survey,” in The Handbook of Experimental Economics, edited by J. H. Kagel and A. E. Roth, Princeton, N.J.: Princeton University Press, 445-500. Keywords: experiments, markets, asset markets, survey. Abstract This paper surveys the results of asset market experiments in economics and finance. Email Contact: shyam.sunder@yale.edu

Swinth, Robert L. (1969) “Artifacts in the Siegel-Fouraker Study of Bargaining and Group Decision Making,” Management Science, 1685-92. Keywords: experiments, markets, bargaining.

Tietz, Reinhard, Wulf Albers, and Reinhard Selten (1988) Experimental Games and Markets, Berlin: Springer-Verlag. Keywords: experiments, markets, games, auctions, learning. Email Contact: tietz@wiwi.uni-frankfurt.de

Turocy III, Theodore L., and Charles R. Plott (1996) “Intertemporal Speculation Under Uncertain Future Demand: Experimental Results,” in Understanding Strategic Interaction - Essays in Honor of Reinhard Selten, edited by W. Albers, W. Güth, P. Hammerstein, B. Moldovanu and E. van Damme, Berlin: Springer-Verlag, 475-493. Keywords: experiments, markets, random demand, speculation, intertemporal equilibrium. Email Contact: cplott@hss.caltech.edu

Tuttle, Brad, Maribeth Coller, and Greg Burton (1997) “An Examination of Market Efficiency: Information Order Effects in a Laboratory Market,” Accounting, Organizations & Society, 22:1 89-103. Keywords: experiments, markets, information. Email Contact: mbeth@darla.badm.sc.edu

Tuttle, Brad, David Plumlee, and Maribeth Coller (1999) “The Effect of Market Prices on Material Financial Misstatements,” University of South Carolina, Discussion Paper. Keywords: experiments, markets, accounting. Email Contact: mbeth@darla.badm.sc.edu

Van Boening, Mark, Arlington W. Williams, and Shawn Lamaster (1993) “Price Bubbles and Crashes in Experimental Call Markets,” Economics Letters, 41179-185. Keywords: experiments, markets, asset markets, bubbles, crashes, call markets. Email Contact: vanboen@bus.olemiss.edu

Van Boening, Mark V., and Nathaniel T. Wilcox (1996) “Avoidable Cost: Ride a Double Auction Rollercoaster,” American Economic Review, 86:3 (June), 461-477. Keywords: experiments, markets, double auction, sunk cost, convergence. Email Contact: vanboen@bus.olemiss.edu

van der Heijden, Eline*, J. Nelissen, Jan Potters, and Harrie Verbon (1999) “Simple and Complex Gift Exchange in the Laboratory,” Tilburg University, Discussion Paper. Keywords: experiments, markets, reciprocity, gift exchange. Email Contact: j.j.m.potters@kub.nl

van Dijk, F.*, and D. van Knippenberg (1996) “Buying and Selling Exchange Goods: Loss Aversion and the Endowment Effect,” Journal of Economic Psychology, 17:4 (August), 517-524. Keywords: experiments, markets, loss aversion, endowment effect, psychology.

Walker, James M., and Arlington W. Williams (1988) “Market Behavior in Bid, Offer, and Double Auctions: A Reexamination,” Journal of Economic Behavior and Organization, 9:3 (April), 301-314. Keywords: experiments, markets, double auctions, bid auctions, offer auctions, institutions. Email Contact: walkerj@indiana.edu

Watts, Susan (1992) “Private Information, Prices, Asset Allocation, and Profits: Further Experimental Evidence,” in Research in Experimental Economics, Vol. 5, edited by R. M. Isaac, Greenwich, Conn.: JAI Press, 81-117. Keywords: experiments, markets, asset markets, asymmetric information, rational expectations equilibrium, insider information. Abstract This paper reports on asset market experiments in which a random device determined whether or not some traders would receive inside information, and the uninformed traders did not know whether or not others were informed. The results were somewhat supportive of the rational expectations predictions, but insiders made higher profits and convergence was more erratic than when insider information was common knowledge. One price bubble and some convergence failures were observed. Email Contact: swatts@memt.purdue.edu

Weber, Martin, and Colin Camerer (1998) “The Disposition Effect in Securities Trading,” Journal of Economic Behavior and Organization, 33:2 167-184. Keywords: experiments, markets, asset markets, biases.

Weber, Martin, Hans-Ju*rgen Keppe, and Gabriela Meyer-Delius (2000) “The Impact of Endowment Framing on
Market Prices -- An Experimental Analysis,” 2000, 41:2 159-176. Keywords: experiments, markets, framing effects, biases.

Wilde, Louis L. (1984) “Consumer Behavior under Imperfect Information: A Review of Psychological and Marketing Research as It Relates to Economic Theory,” in Advances in Behavioral Economics, edited by L. Green and J. Kagel, Norwood, N.J.: Ablex, . Keywords: experiments, markets, decisions, consumer behavior, information. Email

Williams, Fred E. (1973) “The Effect of Market Organization on Competitive Equilibrium: The Multi- Unit Case,” Review of Economic Studies, 4097-113. Keywords: experiments, markets, multiple unit trading.

Williams, Arlington W. (1979) “Intertemporal Competitive Equilibrium: On Further Experimental Results,” in Research in Experimental Economics, Vol. 1, edited by V. L. Smith, Greenwich, Conn.: JAI Press, 255-278. Keywords: experiments, markets, intertemporal markets, multiple markets, speculation. Email Contact: williama@indiana.edu

Williams, Arlington W. (1980) “Computerized Double-Auction Markets: Some Initial Experimental Results,” Journal of Business, 53(July), 235-258. Keywords: experiments, markets, double auction, computerization, methodology, software. Email Contact: williama@indiana.edu

Williams, Arlington W., and Vernon L. Smith (1984) “Cyclical Double-Auction Markets With and Without Speculators,” Journal of Business, 57(January), 1-33. Keywords: experiments, markets, double auction, cyclical shocks, speculators, multiple markets. Email Contact: williama@indiana.edu

Wilson, Bart J. (1998) “What Collusion? Unilateral Market Power as a Catalyst for Countercyclical Markups,” Experimental Economics, 1:2 133-145. Keywords: experiments, markets, market power, posted offer auctions, markups, oligopoly. Email Contact: bwilson@econlab.arizona.edu