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Preface

Published online by Cambridge University Press:  29 October 2009

Vernon L. Smith
Affiliation:
University of Arizona
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Summary

The first volume of my Papers in Experimental Economics (New York: Cambridge University Press, 1991) included most of my research papers in experimentation up to 1990.This second volume includes papers published largely from 1990 to 1998 plus some earlier pieces that can be conveniently classified under the headings of bargaining or markets. Almost all the papers herein have been coauthored with others. Even more than is indicated in Papers in Experimental Economics, experimentation has become an effort requiring many bases to be covered, and the research is most efficaciously conducted by teams of coequal scholars who each bring special skills and expertise to the bench. Some of the themes in this collection are continuations of works included in the earlier volume, in particular market institutions and experimental methodology. This is because my coauthors and I have found them to be viable long-term research programs. Other themes, involving bargaining, psychology, and reciprocity sparked our interest in the mid- to late 1980s and began to appear in this decade in published papers.

I believe that experimental economics, as an important methodology of inquiry cutting across all fields in economics is here to stay, although there remain pockets of resistance to this development. Such resistance is welcome for it has helped to invigorate, challenge, and strengthen experimentation. For me, the methodology is of value in proportion to its capacity to help us understand human behavior broadly in economic societies. Hence, we see the importance of linking behavior in the laboratory to field data from the modern economy, as well as economic history, archeological, biological, and ethnographic data from prehistory.

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Bargaining and Market Behavior
Essays in Experimental Economics
, pp. xi - xii
Publisher: Cambridge University Press
Print publication year: 2000

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  • Preface
  • Vernon L. Smith, University of Arizona
  • Book: Bargaining and Market Behavior
  • Online publication: 29 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511528347.001
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  • Preface
  • Vernon L. Smith, University of Arizona
  • Book: Bargaining and Market Behavior
  • Online publication: 29 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511528347.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Preface
  • Vernon L. Smith, University of Arizona
  • Book: Bargaining and Market Behavior
  • Online publication: 29 October 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511528347.001
Available formats
×