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  1. Home
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  3. Bargaining and Market Behavior
  • Cited by 61
Publisher:
Cambridge University Press
Online publication date:
October 2009
Print publication year:
2000
Online ISBN:
9780511528347
DOI:
https://doi.org/10.1017/CBO9780511528347
Subjects:
Economics, Economics: General Interest, Microeconomics
Information

Book description

This second Cambridge University Press collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. The volume complements Professor Smith's earlier work by demonstrating the importance of institutional features of markets in understanding behavior and market performance. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets.

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